Gold coins as gifts: tradition, value and meaning

Gold coins as gifts: tradition, value and meaning
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For a special occasion, an original idea, but with ancient origins, is to give gold coins as gifts.


When there is a special occasion and we want to make a original gift and that it is of value, we can opt for some gold coins.
It is a traditional gift, which can be appreciated for its originality, but also for its economic value.

The history of gold coins as gifts

There tradition of giving gold coins as gifts for an important occasion dates back to ancient times and is a practice that we can also find in different cultures and religions.

In the Catholic Christian religionfor example, among the gifts of the Three Wise Men we find gold, to symbolize the royal power of birth.
But it is a tradition that we also find inHinduism: during Diwali, the festival of lights, jewels, gold ingots and coins are given as gifts to wish for a prosperous and lucky year.

Since ancient times, gold has always had meaning prosperity, wealth and luck. For this reason, in various countries around the world, including Italy, coins are given as gifts on important occasions, such as baptisms or communions.

To this day, gold coins still represent a form of investment, but they are also important collector’s items.

When should you give gold coins as a gift?

Traditionally, gold coins are given as gifts important occasionswhen there is something to celebrate, such as a birth, a union, an anniversary or an important milestone.
For example, for a baptism or a birthday, one idea is to give a coin celebrating the birthday of the birthday boyso as to commemorate his birth.

For a wedding, however, giving a gold coin can symbolize the beginning of a financial future together, to be built step by step.
But you can give gold coins for any occasion, because they are a gift with real value, which does not deteriorate or devalue over time.

The value of gold coins to give away

In addition to the symbolic meaning, linked to wealth in life, giving gold coins has a significant economic value.

These are, in all respects, objects that can give back a large profit margin, especially over time. Gold, in fact, is a material that tends to increase in value as the years go by.

The value of gold coins varies depending on many factors.
First of all, the price of gold varies depending on fluctuations in the commodity market and the performance of the world economy.

Furthermore, coins are not all the same, depending on the purity of their composition.
Some coins may be made entirely of pure gold, while others may contain copper, nickel or silver, materials that increase their durability and resistance.

To be considered “investment gold”, the coin must have a purity equal to or greater than 995 thousandths, or 99.5% pure gold.

Another factor that affects its value is the circulation: a gold coin in good condition and with a limited mintage will certainly have greater value than a gold coin with a more extensive mintage.

Some tips before buying gold coins

Before proceeding with the purchase of gold coins as gifts, you need to pay attention to some important details.
First of all, it is always advisable to buy gold coins in structures authorized by the Bank of Italy.

With the law 7/2000 the accredited bodies for the marketing of gold coins and bars have been designated.
The list of professional gold traders can be easily consulted on the Bank of Italy website.

For every purchase you make, it is important to obtain one certification of authenticitywhich certifies the value of the coin, together with a regular invoice.
However, regarding the sales prices, it is important to consult the official quotesso you can monitor the trend of the price of gold.

Source: article by the lentepubblica.it editorial team – Δ

 
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