Gold is a collectible commodity that is highly popular with investors. It has been used to produce a vast range of collectible items and is also purchased in gold bar form. Collectible gold items can take many forms, including:
Gold has been highly prized since its discovery around 4,000BC in eastern Europe.
The ancient Greeks began to use gold in their jewellery around 1,400BC.
Gold has remained hugely popular throughout the ages, demonstrated by the California gold rush of 1849.
Price of gold
The price of gold collectibles fluctuates considerably in line with the price of gold, which has been on a steady upward trend in recent years.
In March 2011 a 2.79kg piece of gold, known as the Washington Nugget, achieved $460,000 at a Sacramento auction, far above the $183,000 value for a gold piece of that size.
In February 2011, Pook & Pook held a ‘Decorative Arts’ auction, which included four Wells Fargo 1908 $20 Nevada gold pieces. Estimated to individually sell for between $5,000-7,000, each coin realised $7,110.
In January 2011, a Chinese 10kg gold 100,000 Yuan coin, made to commemorate the 2008 Beijing Olympics, was sold by Heritage Auctions for $575,000. Only 29 examples of the coin were minted and this was the only one allocated to the US market.
The world’s largest gold coin sold for $4m at a Dorotheum sale in Austria in June 2010.
A 114.65 ounce Kellogg & Humbert Assayer gold ingot sold for $253,000 at Heritage Auctions in 2010. The ingot was recovered from the SS Central America, which sank off the coast of North Carolina in 1857.