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Scientists Find Rare Gold Coin

August 24, 2010 by  

Scientists find rare gold coin Certain wealth management experts have recommended that Americans buy precious metals to protect their assets against inflation. While this immediate financial incentive may be enough to persuade many to convert their weakening dollars to gold, there are other reasons to consider this move.

Coins and other objects fashioned from precious metals such as gold and silver are extremely durable, and over time some of them may increase in value beyond what these metals may cost at any given time. That happens if they acquire a collector status or become unique or rare for another reason.

For example, American scientists working in Israel have found what is bound to be extremely valuable, namely a rare gold coin estimated to be some 2,200 years old, according to media reports.

"This is an amazing numismatic find," said Donald T. Ariel, head of the Coin Department of the Israel Antiquities Authority, of the one-ounce coin minted in Egypt by Ptolemy V in 191 B.C.

"The coin is beautiful and in excellent preservation. It is the heaviest gold coin with the highest contemporary value of any coin ever found in an excavation in Israel," he added, quoted by CNN.

Meanwhile, in the United States, gold prices have been increasing, and gold bullion is currently trading at $1,235 an ounce.ADNFCR-1961-ID-19928293-ADNFCR

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