A coin like this may be rarely available, and may carry significant premium over spot due to its relative scarcity | While collectible coins can be a great addition for any collection, they may not be the best way to acquire as many total ounces of gold as possible |
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Egypt is the most populous country in North Africa, with over 95 million inhabitants | Egyptian gold coins can make a great addition to a portfolio or coin collection |
It is also one of the most populous in the world | The government of Egypt is a unitary semi-presidential republic |
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In addition to fluctuations in the , collectible coins may also see fluctuating premiums based on factors like condition, relative scarcity and market conditions | The nation eventually became a major gold producer during the Old Kingdom, and continued to do so for the next 15 centuries until the kingdom broke down |
1956 ounces actual gold weight and was issued to celebrate the 3rd and 5th anniversaries of the Egyptian Revolution.
The country has significant mineral deposits, and mining in Egypt dates back to predynastic times | The 1957 Egypt Gold 5 Pound coin is a great example of a gold coin from the region |
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Some of the minerals that are abundant in Egypt include coal, tantalite and gold | In 2016, the Egyptian Central Bank voted to allow the pound to float freely and and at the same time also eliminated foreign exchange controls |
Most known gold mines in the country today were mined previously by the ancient Egyptians.
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