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Use of Precious Metals in Mintage
Jeřábková, Anna ; Stará, Dana (advisor) ; Srbek, Pavel (referee)
The paper is focused on the use of precious metal, in particular gold and silver, in the coining process. The first part of the paper searches for the growth of coining process on the Czech territory since its very beginning until the 21st century and development
of selected mints and their positions in a given period. Simultaneously, together with the mint development, the paper describes the issue of coins, the method of the coinage, the coin visual aspect, and, marginally, the coin falsification. For reason of better orientation in the mint & coin history, the paper seeks to depict particular periods of the Czech currency. Following the coins, another issue, medals, is described, thereby giving a comprehensive summary of the Czech coining process.
The above description is followed by the practical part that analyses price development of specific precious metal depending upon the currency rate of CZK versus USD in the period of 1991 - 2015. Following the price development, investments in precious metal are evaluated. These are evaluated in relation to two ways of investments. One of them is the option of investment in a commemorative coin issued by the Czech National Bank and minted by the Czech Mint; the other one is an investment in gold-based coins. The paper concludes with an analysis of activities of and management by the Czech Mint, being the only mint in the Czech Republic.
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