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: Valued primarily for metal content (e.g., American Gold Eagle, Canadian Maple Leaf).

: Valued for rarity, condition, and historical significance.

: "Buy the book before the coin". Immense value lies in understanding specific niches, such as ancient Roman coins or pre-1933 US gold, before spending capital. Categories of Gold :

Never buy expensive rare gold coins that are "raw" (ungraded) unless you are an expert.