| Like many other currencies, the pound can be subdivided into 100 smaller units of currency known as piastres or ersh | Standard gold bullion coins and bars may carry significantly lower premiums, allowing investors to get more actual gold for each dollar spent |
|---|---|
| NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings | 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 |
The 1957 Egypt Gold 5 Pound coin is a great example of a gold coin from the region.
11| The Holdings Calculator permits you to calculate the current value of your gold and silver | The Current Value for the amount entered is shown |
|---|---|
| Modern Egypt dates back to 1922, at which time the nation was granted independence from the British Empire | 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 |
| The Egyptian Pound is the official currency of Egypt | Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated |
|---|---|
| It is also one of the most populous in the world | Gold mining in Egypt is said to date back to around 1160 BCE |
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.
29