Marquise

A gold coin deposit certificate is a security document that shows that its holder has a certain amount of gold coins in the warehouse of the Iran Commodity Exchange (Refah Bank campus treasury). This certificate of deposit allows people to own and buy and sell coins in the stock market without the need to physically store them. In this system, the only coin approved by Anbar is the full spring Azadi coin with 900 carat and weight of 8.133 grams, minted from 1386 onwards.

How the gold coin deposit certificate works:
1. Deposit: People deposit their coins in the warehouse of the Iran Commodity Exchange and receive a certificate of deposit in return.
2. Exchange transactions: These certificates can be traded as securities in the stock market.
3. Physical delivery: Whenever the certificate holder wants, he can go to the treasury and pick up his physical coins.

Advantages of gold coin deposit certificate:
1. Reduction of fees and wages: Gold coin deposit certificate transactions in the exchange have a much lower fee (about 0.25%) than physical coin transactions (1 to 2%).
2. Higher security: Securities are more secure than physical coins. In case of loss or theft, only the depositor or his legal representative can claim the coins.
3. Active market and high liquidity: The stock market, having permanent customers, provides the possibility of quick and easy buying and selling of coin deposit certificates.
4. Ease of storage and transaction: There is no need to physically store coins and transactions are done electronically, which eliminates the risks of keeping coins at home.

Types of coin transactions in the stock market:
1. Cash transactions: In this type of transaction, settlement is done in cash and in the shortest possible time.
2. Credit transactions: In this method, the buyer can get the ownership of the coin immediately, but the payment will be made in the future.
3. Forward transactions: This type of transaction allows the buyer to buy the coin in the future at the current agreed price.
4. Futures: This method allows the buyer and seller to enter into contracts to buy or sell coins on future dates at a specified price. This type of transaction is used to reduce the risk of price fluctuations.

Conclusion
The certificate of deposit of gold coins allows investors to buy and sell coins in the stock market without having to worry about keeping them physically. This method has more advantages than physical buying and selling of coins due to lower fees, higher security and ease of transactions. In addition, the existence of different types of transactions in the stock market provides flexibility and various possibilities for investors.

Buying and selling coins by the central bank

In addition to buying and selling coins, which is done face-to-face, with wholesale and individual sales, there are other ways to buy and sell coins. These methods include pre-buying or pre-selling of gold coins, as well as buying and selling gold coins in the high-risk stock market.

Advance purchase and advance sale of gold coins
Pre-purchase or pre-sale of gold coins is mostly done by the central bank. In this method, before the central bank mints the coins, the money for the coins is received from the people and they wait until they receive their coins on a certain date. This process is in such a way that the central bank encourages people to pre-purchase coins by announcing certain conditions.

Why do people pre-buy coins?
You may ask, why do people give their money to the central bank and not receive any coins? The reason for this is that the central bank provides attractive conditions for the advance purchase of coins. These terms include special discounts, lower interest rates, and guaranteed future coin delivery. For this reason, many people prefer to pre-purchase their coins from the Central Bank instead of buying cash from coin shops.

Advantages of pre-purchasing coins from the central bank
1. Higher security: Buying from the central bank is more secure because there is no risk of fraud or receiving low-quality coins.
2. Better financing terms: The central bank usually offers better financing terms than the open market, such as a discount or fixed rate guarantee.
3. Encouraging investment: By providing attractive conditions, the central bank encourages people to invest in gold, which can contribute to economic stability.

Buying and selling coins in the stock market
Buying and selling gold coins in the stock market is also one of the other methods that is particularly popular among investors due to high volatility and high risks. In this method, gold coins are recognized as a tradable asset in the commodity exchange, and people can make a profit by buying and selling these assets. But this method requires more knowledge and experience because the stock market is full of fluctuations and unpredictable changes.

Conclusion
There are different ways to buy and sell gold coins, each of which has its own advantages and disadvantages. Pre-buying and pre-selling coins through a central bank is a more popular choice for many people due to the special conditions and higher security. But for those who are looking for more risk and higher potential profits, the stock market can be a good option. It is important that each person chooses the right method according to their risk tolerance and investment goal.

What is a bubble?
The difference between the real price and the market price of a commodity is called a bubble. A bubble occurs when the price of a commodity increases or decreases for reasons other than its intrinsic value.

What is the positive and negative bubble of gold?
A positive bubble occurs when the market price of a commodity, such as a coin or gold, is greater than its true value. In other words, the market price is too high. Conversely, a negative bubble occurs when the market price is lower than the real value of the commodity, that is, the market price is abnormally lower than its real value.

When does a coin bubble happen?
A coin bubble is formed when the coin market price fluctuates greatly under the influence of external factors such as the economic and political conditions of the country and deviates from its real price. The actual price of the coin is determined based on the world price of an ounce of gold and the exchange rate.

Who benefits from the coin bubble?
People who can predict market changes and get in or out at the right time will profit from coin bubbles. For example, in a positive bubble, those who bought the coin before the price went up can profit by selling it at a higher price. Conversely, in a negative bubble, people who buy the coin after the price drops can profit after the price returns to normal.

Factors causing the coin bubble
The creation of positive and negative bubbles in the coin market mainly occurs due to changes in supply and demand. When a large number of people are looking to buy a coin and the demand exceeds the supply, the price of the coin increases and a positive bubble is formed. Conversely, when the attractiveness of investing in a coin decreases and sellers outnumber buyers, the price of the coin decreases and a negative bubble is created.

Understanding the concept of a coin bubble and the factors that influence it will help investors make better decisions in the market and make the most of the opportunities available.

The story of vacuuming coins goes back decades. At that time, in order to ease the customer's mind about the authenticity of the coin, the exchange and coin dealers used to present their business card to the customer along with the coin. At that time, this business card had the status of a coin invoice and the customer was at ease.

This procedure continued until the money changers decided to press the coins on their business cards to increase the validity of the coin and make their work more beautiful. This process has progressed to the point where now all bank coins are bought and sold only in a vacuumed form. This means that these vacuumed coins have gained so much credibility among the public that people think that if a coin does not have a vacuum, it is not valid. But this belief is not true and all the open and non-vacuum coins minted by the central bank have the same weight and denomination as the vacuum coins.

The history of the first coin dates back to about 5000 years ago in Mohenjo Daro (in present-day Pakistan) and the history of the first coin in Iran dates back to the Achaemenid period 2500 years ago. The coins that have been found from this era are all hand minted. This handiwork causes the astronomical price increase of these coins, which are called antiques. Old coins were minted by hand, so only a few coins could be minted daily. Such coins are called hammer coins. But nowadays they no longer do the steps of minting coins manually. Nowadays, coins are minted by fully automatic machines, hence they are called machine coins. A coin minting machine is capable of minting 12 coins per second. The pressure applied to the molds to strike each coin is equal to 80 tons, which is equivalent to 1000 hammer blows to strike the coin manually. The term minting is used to make gold coins.

It was during the time of Naser al-Din Shah that light gold coins were minted for public consumption for the first time. These coins were called Dozari or Duzari and were minted with a weight of 0.57 grams of gold. Of course, at that time and until the era of Ahmad Shah, gold coins of quarter Toman, five thousand, one Toman, two Toman and five Toman were also common. For example, the one Toman coin was gold with a weight of 2.87 grams.

After the introduction of gold coins during the Pahlavi era, the Ashrafis of the Ahmad Shah era lost their prosperity and these coins were only kept as souvenirs in private collections. During the first Pahlavi era, there were 1 Pahlavi, 2 Pahlavi and 5 Pahlavi gold coins. Government employees used to receive Pahlavi coins as Eid gifts. During the era of Mohammad Reza Pahlavi, gold coins of 500 riyals with a winged lion pattern, 750 riyals of Cyrus' charter, 1000 riyals of Persepolis, 2000 riyals of Shah and Farah, as well as half Pahlavi, one Pahlavi, two Pahlavi and five Pahlavi coins were minted.

After the 1979 Iranian Revolution, at the suggestion of the Ministry of Economic Affairs and Finance and with the approval and order of the Prime Minister of the Provisional Government, on the occasion and commemoration of the first spring of the victory of the 1979 Revolution in Iran, permission was issued to mint different types of gold muskets called "Freedom Spring". Since then, Freedom Spring coins have been minted with two different designs.

From 1980 to 1992

On one side of this coin was the name of Ali bin Abi Talib, repeating "Ali" three times in decorative calligraphy inside a hexagon, and the words "National Bank of Iran" below it, and on the other side, the image of the court of Ali bin Musa al-Reza along with the words "The first spring of freedom" and the date 1980 were engraved. From then until 1992, all kinds of Bahar Azadi coins were produced with the same design; But the word "first" was removed from it.

By comparing the design of Ali bin Musa al-Reza court minted on these coins with the design of this court on the commemorative coins of Mohammad Reza Pahlavi, which were minted to honor the status of Ali bin Musa al-Reza, it is clear that the said design is modeled or even copied from these coins. It was a memorial and only the writing around it has changed.

From 1992 until now

Minting and distribution of Bahar Azadi coins with a new design known as Imami, which was designed by Professor Jafar Najibi, began in 1992 and continues until now, but all the coins that were minted in 2009, 2010, 2011 and after that have the date of minting. The year is 2008. According to the Central Bank, the purpose of this work is to prevent price differences for coins with the new year of minting

Specifications of Bahar Azadi coin

Bahar Azadi gold musket in terms of specifications is in accordance with the gold musket law and the law amending the gold musket multiplication law, the shape of this musket is circular according to the second article of the law of 1959, and its carat rate according to the fourth article of the same law is 900 per thousand gold. pure, and 100 per thousand copper, or an alloy of silver and copper.