DAILY FOREX RATES
Do “Foreign” GOLD COINS have 3 values? Do they have EXCHANGE RATES?
Do foreign gold coins (say, Canadian Maple Leafs and other countries gold coins) have 3 values to them? 1) collectors appreciation value and 2) Daily spot/market price of the gold itself and 3) the foreign exchange value. And also, do real gold coins (foreign in this case) fluctuate according to exchange rates (FOREX RATES) . It would seem to me they should have some exchange rate since they could be used as currency if you wanted to. I am not sure. Thanks
Yes and no. If it is a coin such as the Canadian maple leaf for example, it has no collector value. It does have a face value of $50 Canadian but it is a one ounce gold coin so the $50 is merely so that it can be considered a Canadian monitary coin, unlike the gold coins the U S produced that had pictures of artists, writers, etc. but had no monitary value stamped on them. They were very unpopular. Some foreign gold coins are collector coins and would have value as such, many times great value to collectors. Most of those such as the old French gold coins are no longer accepted as legal tender because of the reevaluation of French currency into Euros.
02/03/09 – Daily Forex Market News from cmsfx.com
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