How Much is a Gold Lira Worth?
Bullion coins are the best way to invest in gold, while collector’s coins known as numismatics may prove more costly.
The Italian 20 Lira gold coin offers investors and collectors alike a historical piece of world gold to add to their retirement, investment or collection portfolios. Containing one fifth of an ounce, its reverse features the reigning monarch of Italy on its face.
The Turkey Gold Lira
Gold has long been an integral component of Turkey’s overall economy. The country boasts a comprehensive commodity market that encompasses mining operations for precious metals, exchange bourse and futures trading platforms, as well as an active bullion import/export business.
Additionally, Turkey boasts an iconic mint that produced gold Byzants for the 1000-year old Byzantine Empire before it became part of Ottoman Turkish coinage operations. Furthermore, its central bank holds several roles beyond issuance and managing international reserves of currency for the nation.
The gold coin’s front side, or obverse, depicts Tugra, the calligraphic monogram of an Ottoman Sultan. This design features torches and laurel twigs to symbolize victory and honor; on its reverse is an eye-catching wreath design worth 100 Kurus; its collector value makes these coins highly sought-after; however they do not meet IRS’ standard of 995.15 gold purity required for inclusion into an IRA account.
The Italian 20 Lira Gold Coin
The 20 Lira Gold Coin represents an historic piece from Italy’s modern, united Kingdom. These coins were struck according to the same specifications and high standards as Swiss, French, and Belgian 20 Francs; however they’re much harder to come by online. Containing one fifth of an ounce (.1867oz), these pieces make an excellent investment or addition to coin collections for retirement, investment portfolios or world coin collecting purposes.
On the obverse of this gold coin is a portrait of King Victor Emmanuel II, who served as first monarch of unified Italy from 1861 until his death early 1878. On its reverse is featured the Savoia coat of arms encircled with laurel and oak branches.
Coins often trade near their gold content value when slightly circulated or in mint condition at bullion dealers worldwide, so our Closest to Spot tool provides the simplest way to compare multiple bullion dealer prices and ensure you pay the least premium possible.
The Greek Gold Lira
Ancient Greek coins were stunning works of art in their own right and also served as an avenue for different city-states in Greece to display their cultures and artistic skills, leading some experts to refer to them as some of the most diverse coins ever produced.
One notable example is the Eid Mar coin. Minted two years after Brutus assassinated Julius Caesar on the Ides of March in 42 BCE, this coin features an engraved side view of Brutus with two letters “BRVT IMP” and “L PLAET CEST,” standing for his imperator Brutus and Lucius Plaetorius Cestianus who served as his treasurer respectively.
Rare gold coin of ancient history and great collectibility. Unfortunately, the drachma was replaced with euro in 2002.
The British Lira
The Pound Sterling is one of the world’s most stable currencies, serving as an industry standard when comparing and trading developed nation currencies. Unfortunately, this stability wasn’t always present and like other circulating currencies of its day, was susceptible to inflation and devaluation.
After Waterloo, British authorities conducted a comprehensive review of coinage. New coins such as the gold sovereign (22 carat gold worth one pound), guineas (20 shillings), marks (10 shillings), nobles (6 shillings) and crowns (2 shillings) featuring Benedetto Pistrucci’s traditional image of St George slaying the dragon were introduced into circulation.
This period also witnessed attempts to stabilize sterling against other European currencies; however, modern economic orthodoxy now favors floating exchange rates; this resulted in significant devaluation of sterling due to changes in monetary policy and threat of war.
Categorised in: Blog