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A Brief History of Gold and Gold Coins

Scientists say that all gold was created by the collision of neutron stars in the far reaches of the galaxy. When the earth formed, asteroids brought gold to the surface of our planet. Gold is one of the heaviest and least chemically reactive elements, giving it its most sought after property: Gold endures. It's not going away. It's here to stay.


The scarcity and endurance of gold led to the striking of the first gold coins in ancient times. These early gold coins picturing gods and heroes were hand struck, one at a time, making each one a unique treasure. And they certainly are treasures. Many ancient gold coins are among the most valuable coins in existence.


During the Middle Ages gold coins continued to be struck, and these are scarce, too. With the discovery of the New World this all changed. The amount of gold flowing out of the mines was enormous, and the Spanish who controlled much of it, used it to strike one of the most fabled coins of all times: The Gold Doubloon. Pirates killed for it, hurricanes sunk them by the chest full, and captain Ahab nailed one to the mast of the Pequod, to be claimed by the first sailor who spotted Moby Dick.


When the United States of America was founded, this classic Spanish gold coin served as the model for all Classic U.S. Gold coins.

The Battle for Gold as Money

Up until World War I, gold coins were money, in fact gold was the only real money in most countries around the world. But all that was soon to change. The crushing cost of the war forced all of Europe to abandon the gold standard, and gold coins rapidly disappeared from circulation.


In the United States, the Mint stopped striking gold coins in 1933, and it was actually illegal for Americans to own gold.


In 1967, the Gold Krugerrand was struck in South Africa. It was the first modern gold bullion coin struck anywhere, and in the following years countries like Canada and China followed the Krugerrand with their own bullion gold coins, the Gold Maple Leaf and the Gold Panda. Although a latecomer, the American Gold Eagle joined the others in 1986 and quickly became the most popular gold coin in the world.

U.S. Gold Coins


We have the full range of U.S. Gold Coins from classic, pre-1933 coins to all the popular modern series, which include the iconic American Gold Eagle and Gold Buffaloes, modern commemorative gold $5 and $10 coins, and the $10 First Spouse gold series.

Gold Bullion


If you are mainly looking to acquire physical gold at a low premium, our Low-Cost Gold Bars And Rounds are a great choice. Each item is made by a leading gold producer and states it weight and gold purity, and most items also include either an assay card or some type of anti-counterfeiting measure.

Great Britain Gold Coins


British Gold Coins have been traded all over the planet for centuries and until the advent of modern gold bullion coins, the British gold sovereign was the world standard. MCM carries these coins as well as modern British gold issues like the Britannia and Lunar gold coins.

Canadian Gold Coins


MCM carries a great selection of Gold Coins From Canada, including of course the iconic Canadian Gold Maple Leaf coins, Gold Cougars, and gold collector coins such as the Looney Tunes and Superman gold releases and others

Chinese Gold Coins


China has emerged as the world’s leading producer and consumer of gold, which plays a major role in China’s economy and culture. It is not surprising that the Chinese Mint produces a wide range of Chinese Gold Coins from popular Gold Pandas to various other commemorative and numismatic issues that MCM strives to obtain for its customers.

Australian Gold Coins


Gold has played an important role in Australia since its discover in the 19th century, and the Perth and Royal Australian Mints are both well-known for their Australian Gold Coins from Gold Kangaroos and Koalas to Lunar issues and even Gold Wedge-Tailed Eagles designed by the U.S. Mint’s former Chief Engraver.

South African Gold Coins


While South Africa's most famous for it's Gold Krugerand, there are many other South African Gold Coins available to collect as South Africa has been minting gold coins since 1892. South African gold coins are legal tender, and most are struck in .917 pure gold while containing its true weight in gold.

Other World Gold Coins


MCM also carries Gold Collector Coins From All Over The World in addition to those from major world mints. These coins are always offered at the best possible price, are guaranteed to be genuine, and always come with free shipping.