What is meant by 'coins of gold'?
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A Gold coin is a coin made mostly or entirely of gold. I n modern times, most gold coins are intended either to be sold to collectors or to be used as bullion coins - Coins whose nominal value is irrelevant and which serve primarily as a method of investing in gold.
Gold has been used as money for many reasons.
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A gold coin is a coin that is made mostly or entirely of gold. The gold reserves of central banks are dominated by gold bars, but gold coins may occasionally contribute. Gold has been used as money for many reasons. It is fungible, with a low spread between the prices to buy and sell.
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