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HomeNumismatic TermsGeneric Gold - What Does This Coin Marketing Term Mean?

Generic Gold – What Does This Coin Marketing Term Mean?

This is a photograph of a pile of United States generic gold coins.
This is a photograph of a pile of United States generic gold coins.

(n.)

The term “generic gold” generally refers to gold coins wherein their primary value is derived from the intrinsic worth of the precious metal they contain. In numismatic terms, generic gold can mean pre-1933 gold coins that are too plentiful to command a significant premium over spot. The term can also describe gold rounds or bullion coins of no particular value over the spot price of gold.

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CoinWeek Notes
CoinWeek Notes
CoinWeek Notes presents expert analysis and insights from Charles Morgan and Hubert Walker, the award-winning editors of CoinWeek.com.

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