Gold has always been a valuable investment over the decades. But for gold coin collectors, the value increases tenfold with some of the most valuable gold coins being auctioned for millions of dollars. You will be surprised by the obscene amount of money people out there are willing to pay to get their hands on a rare and rather unique piece of history.

Coins date back centuries when they were first minted and traded as currency in exchange for goods and service. But back then, the value of certain precious metals, as we know today, was quite low. However today, a couple of ounces of gold can easily fetch you a couple of thousand dollars. Keeping the collecting trend in mind, no wonder people are willing to spend this kind of money for a collectible.

Here are the most valuable gold coins ever made.

The Saint Gaudens double eagle: Easily a Mint State 63 and 65 grade, this coin certainly tops the list of numismatics. Numismatics is the study of coin collecting and deals with such rare antiquities and coins. This $20 gold piece is also considered as a work of ancient Greek art. This gold coin is auctioned according to its various grades, making it a very diverse graded coin with prices ranging from $2 million to $3 million dollars accordingly. However, the double eagle has been reportedly sold at prices three times its grade valuation at premium auctions.

Indian head eagle: This is a $10 gold piece with the Mint State 67 grade which can easily fetch over $60000. This particular grade coin dates it back to 1911 and is one of the finest examples of numismatic art, thus ranking among the top gold coins that surfaced and was later auctioned, making it one of the most valuable collectible after the Saint Gaudens double eagle. But this coin will fetch more in any auction

Proof gold coin: This is another quarter dollar piece which dates back to 1895 and one of the rarest coins since only 119 total proofs were made. In the numismatics market, only a few coins remain, making it one of the most sought-after proofs ever made. Proof 65 and 66 graded by the NGC and PCGS are regarded as the more valuable ones.

Apart from the above mentioned coins, there are a number of gold coins which are now in the hands of private collectors having bought in an auction for millions of dollars. The gold grading will give an estimation for what the coin will fetch but in auctions, the coins can fetch anywhere from a couple of thousand dollars to over ten million dollars! The flowing hair dollar being one of the leading examples of what collectible coins can fetch these days.

Collecting coins has been a hobby for many for generations now. The art of collecting coins and valuable tokens, paper currency is also known a numismatics. However, not many know that these vintage collectibles can one day have tremendous value added to their existing state. Coins, especially gold coins, already have value in terms of their coin weight.

Gold and silver has always proven to be a profitable investment, which makes these collectibles worth some money. But it is the history behind these coins which makes them even more valuable collectible, and thus worth a fortune to someone someday.

Here are the most valuable coins ever auctioned in the open market.

1343 Edward III Florin: Fetching a whopping $6.8 million dollars at an auction and rightly so since this coin is one of the oldest and rarest, dating back to 1343 which makes it 670 years old. This coin is so old that only three coins are left of its type, making it highly collectible for coin enthusiasts, serious numismatics and people who are willing to spend insane amounts of money!

1787 Brasher Doubloon: This coin was made by a famous goldsmith back in the day, going by the name of Ephraim Brasher who was sanctioned by the New York State to mint copper coins. The 1787 Doubloon coin was one of the few rare and valuable 22 karat gold coins made by him. This coin was later bought by a Wall Street investment firm for a price of $7.4 million dollars making it a pricey and valuable collectible. This coin is named after the goldsmith, with his initials stamped on the coin.

1907 Saint Gaudens double eagle: Augustus Saint Gauden was tasked with the design of this $20 gold piece which proved rather tough to mass produce commercially owing to its complicated and intricate artwork. Though this coin was mass produced even with a design flaw after the engraved words In God we trust’ was removed, it is still pretty rare. It fetched an incredible sum of $7.6 million dollars, making it one expensive double eagle coin ever produced.

1933 double eagle: A coin with a history of controversy behind it, this coin will certainly fetch top dollars from coin collectors and numismatics. Franklin Roosevelt, then president of the country, had barred owning gold in the year 1933 which was a result of the financial crisis. But still these coins managed to surface later, when their value was nowhere near its original face value fetching a whopping $7.6 million dollars.

If you wish to look stunningly breathtaking at any event, there’s plenty of things that go into making you look like a diva. Your hair, makeup, dress, jewelry, everything has to be on point. The perfect dress would be incomplete without the perfect jewelry. The emphasis here is on how much people in general and women in particular love their jewelry. It makes for the perfect gift on all occasions. One such jewelry that never goes out of style and which can serve as the perfect gift for women of any age is the gold chain. The delicate yet precious yellow metal, woven into different patterns can make any woman happy. But, things are not as simple as they look. You set out to buy a gold chain, and the jeweler would show you different patterns of gold chains, and that’s where you get stuck with the variety of choices.

There’s different types of gold chains and to ease your confusion, the popular ones are listed below.

The bead chain- Beaded chains were almost everyone’s favorite in their school days. However, since you are all grown up now and your love for beads still persists, though you cannot go to work wearing the bead chain, you have a suitable alternate here. You can opt for a gold chain with beads. These beads too would be made of gold and they would be placed at regular intervals along the chain.

The box chain- Gold chains are not just a woman’s jewelry, it is worn by men as well. This doesn’t have to come as a shocker. Of course, men don’t opt for the sleek delicate designs that women usually prefer, they prefer something that is more “tough.” The box type gold chain suits this bill perfectly. There are small box shaped designs crafted through the length of the chain and these are slightly thicker than the usual gold chains.

The Figaro chain- This gold chain has a very unique design. It has flattened links and what makes it all the more interesting is that, none of these links are of the same size. All the links are of different sizes. There is a repeated pattern after 5 short links followed by a longer link.

The mariner chain- There are light-weight gold chains and heavier ones and then there’s the mariner chain. The strongest of all the gold chains, the mariner chain looks sturdy as well. It has uniform links through the length of the chain and each link has a vertical bar in the middle.

The next time you go shopping for a gold chain, you can surely tell the different types of gold chains apart.

This might come across as a hyperbole, but almost everyone guards their precious jewelry with their life. Diamonds are a girl’s best friend, so are platinum, gold, silver, and every other precious metal on the face of the earth. Everyone loves to indulge themselves at some point of time. Some people go backpacking to the places that held their fancy forever, while some buy something they had always set their heart upon while window shopping. If you belong to the latter category of people, then every time you feel you should be pampered, you might set out to buy some cute jewelry that had caught your eye.

A woman has a lot of options when it comes to choosing a jewelry. There are chains, necklaces, earrings, rings, anklets, and everything that you can see on the ramp. However, the classic gold chain is an eternal favorite. A gold chain is an ornament that can be worn by you and your grandmother alike. So, if the precious yellow metal has caught your fancy and you just waltzed into a jewelry shop to buy a gold chain, there are certain things one must take care of. Such as these:

The first thing you notice about the gold chain is how it feels in your hands. You have to check whether the gold chain is solid, or merely gold plated, or hollow, which happens in certain cases. There is marked difference in these gold chains. The gold-plated chains start looking old after some time, this is because the plating wears off. The solid one is expensive compared to the hollow ones and lasts longer than the rest. So, check before you buy.

Make sure you check the karat of the gold chain before you plan on buying it. Karats are a measurement of the purity of gold. Low karat gold chains can give you an allergy in certain cases and they have very less exchange value. 24 karat gold is the purest you would ever find.

You need to be sure that your gold chain, though beautiful is sturdy enough. You wouldn’t want to lose it. Check for the clasp and see it is good enough to hold out through the years. A lobster clasp on your gold chain means safety.

Gold chains are available in different patterns. Always go for the ones with a smooth surface instead of the ones with twirls. Your hair might get stuck in these twirls and you wouldn’t want to ruin your precious hair.

So, when you venture out to buy a gold chain, make sure you follow these commandments, so that you won’t regret your choices later.

There are metal detectors that are specifically designed to sweep search for gold. Gold metal detectors work on the principle of cancelling out mineralization, so whenever you find a metal detector specifically for gold, look for the ground balance. The ground balance feature in the metal detector cancels out detecting minerals in the soil and focuses on finding the metallic objects beneath that are unnatural to the soil.

As far as gold metal detectors go (although they might not be exclusive) they work on two principles; VLF and PI. VLF or Very Low Frequency metal detectors work in low frequencies unlike conventional metal detectors have a wider range of frequency to an extent that these VLF detectors can find a comparatively small nugget of a gold as compared to the other metal detectors. If you are searching for gold metal detector. There are two coil types; Concentric and wide scan. Concentric coils are preferred for differentiating between metals and minerals while widescan coils cannot do that.

do check for the size of the searching coil, as smaller search coils are less sensitive to small pieces of gold as compared to the metal detectors that have large searching coils. Pulse induction metal detector are newer technology that work by sending short pulses of one type of polarity. When the search coil is encountered with a metal object (of an opposite polarity) the pulse indication detector sets off sensing the opposite polarity, sends the signal to the receiver circuit.

Gold metal detectors can detect gold as small as the size of the grain and as big as an average nugget. The principle is that the gold as small as the size of grain is easier to find in the shallow depth (of 1 or 2 inches maybe) whereas, gold portions of the size of nugget can be search scanned at the depths of 1 to 2 feet.

Some metal detectors have the ability to find common trash items such as iron and stainless steel. Pulse detectors cannot filter out trash items.

Some of the popular choices for gold metal detectors include; Garrett GI 2500 metal detector, Marko Geotech, DRS electronics proradar X5 system, XP DEUS goldfield program etc. You can also look online for comparisons and reviews of several metal detectors that are projected to be good gold finders.

Want to try your luck finding gold in an unclaimed land? All you need is a metal detector.
Metal detectors work on the principle of electromagnetism. Every metal (in solid state) has its own electric and magnetic field. Metal detectors have 2 circuits; one circuit, which is connected to a small battery which powers it up. This circuit is called as transmitter circuit. It sends electricity down the shaft to the coil at the bottom. The coil gets magnetized (changes its magnetic field) when this magnetized coil is swept on the ground and if there is a metal object near its sweep area, the magnetic field of the coil charges the metal object. The magnetic field of the metal detector changes the magnetic and hence the electric field of the metal object. This change in electromagnetism of the metal object is picked up by the receiver circuit of the metal detector. Due to the change in the magnetism of the coil of the metal detector, the electricity flows up the shaft of the detector to the receiver circuit. This change in the electromagnetism registered on receiver circuit confirms a metal detected by the coil.

Gold is not something that you can find in your backyard. And it is highly unlikely and improbable that you will stumble upon a pot of gold. Gold as metal can be found in the size of grain or even as big as nuggets. The place to find gold are the places where gold has been searched earlier and excavated from earlier. Placer deposits along the river streams and river beds can accumulate gold in small amounts.

You need to consider those states in the USA that used to produce gold in the earlier years. You cannot expect to find gold where it isn’t to be found so, research your search area. You can head out to the regional libraries or look for details on mines and geological surveys that shed light on details about the type of land and what metal it is abundant of. Also, you need to consider the federal laws of the area you are searching for and the stakes that it will have on the gold you excavate. If the land has a certain ownership and patent, there is a good probability that you might have ‘struck gold’.