The decision to start collecting coins is easy. Deciding which coins to collect, however, is a little more difficult. Before you begin your collection in earnest, you should familiarize yourself with different coins and determine what you want your collection to look like. One coin you might consider for your collection is the Austrian Gold Ducat. Read on to learn more about this valuable and beloved coin:
History
The word “ducat” comes from the Latin word ducatus, meaning “relating to a duke.” Ducats first appeared in the late Middle Ages, and Austrian Ducats were inspired by Medieval design. Austria used ducats as legal tender from the 16th century until 1915, and the most famous Austrian ducats have the likeness of Austrian Emperor Franz Josef I. At just 0.7 mm thick, Austrian Gold Ducats are much thinner than today’s coins; a modern quarter is 1.75mm thick, for comparison.
Value
Austrian Gold Ducats are over 98% gold, making them some of the purest gold coins to ever be in circulation. The current melt value of an Austrian Gold Ducat is about $550, though it’s numismatic value may be much higher. This melt value is actually the lowest it’s been in four years, which means now may not be a bad time to buy.
Acquisition
There are thousands of coin collectors in the U.S. and around the world who are willing to sell their Austrian Gold Ducats. If you’re interested in this coin, you might consider working with a team of expert numismatists—that way, you can be sure to get a good price for a high-grade ducat. When you’re ready to sell your Austrian ducat, you should have many eager and willing buyers.
Investing in gold and silver coins can be a lot of fun when history is involved. For help getting started on your coin collection, contact California Numismatic Investments. Our team of numismatists have decades of coin-trading experience. Call our Los Angeles-area office at (800) 225-7531 or visit our website to find out more about precious metal coins.