![]() Together, they accounted for around 13 million ounces or 12% of global gold production in 2021. The 10 largest gold mines are located across nine different countries in North America, Oceania, Africa, and Asia. The percentages slightly differ from those calculated by S&P. The above infographic uses data compiled from S&P Global Market Intelligence and company reports to map the top 10 gold-producing mines in 2021.Įditor’s Note: The article uses publicly available global production data from the World Gold Council to calculate the production share of each mine. Gold mining is a global business, with hundreds of mining companies digging for the precious metal in dozens of countries.īut where exactly are the largest gold mines in the world? Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week. The 10 Largest Gold Mines in the World, by Production The difference between these coins and the millions of other pennies minted in 1936? It’s just the tiny dot placed below the date on the “tails” side of the coin. ![]() coin auction for over 25 million times its face value for $253,000. It’s believed that only three were produced in the world, and one recently sold at a U.S. Look at the Canadian “dot” penny from 1936. In some cases, the numismatic value can be absolutely shocking, which is part of the lure of rare coins. The Kansas State quarter, minted in 2005 in small quantities, was made with too much grease in the press, resulting in the unfortunate text: ‘In God We Rust’. The coin can also come about because of a minting error.For example, the rarest British coin in general circulation is the 250th anniversary commemoration of Kew Gardens 50p, which is well known in the coin-collecting community. The coin is commemorative and made in small amounts.The types of rare coins that are sought by collectors tend to be valued for one of two reasons: The following infographic from Express Vending gives an introduction to rare coins, including the stories behind certain coins and why they are worth up to millions of multiples of their face value. Coins can be misrepresented or over-graded by dealers and it is important to be armed with knowledge and experience in any given transaction. Just like collecting fine art or other unique assets such as colored diamonds, it is not typically a game for amateurs. The caveat to rare coins is that the market is often illiquid, specialized, and partially arbitrary. A rare coin can also sell for many multiples of the metal contained within, and this additional premium is known as its numismatic value. Rare coins can hold their value quite well over time, while remaining small and portable as physical assets. Rare coins can play a role in an investor’s portfolio as an alternative asset.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |