If you're considering purchasing gold coins for either your personal collection or as a financial investment, there are a few important questions to address. Researching all the advantages before making a purchase will help you better understand the gold coin market. Continue reading to discover some of the more popular gold bullion coins that are available and what a tangible asset they can be.
If you're ready to buy gold to start your portfolio, you'll need to know how to buy gold coins and where to find golden coins for sale. While browsing online, you can often filter your search by new gold coins for sale, country of origin and gold content.
Once you secure your investment, find a way to keep your gold coins safe. Options include purchasing a safe for your home, using your bank's safe deposit box or using a storage firm.
There are many different types of gold coins for sale from the United States, Australia, Canada and many other countries. Each will have its own distinguishing features and symbols. Some will have more numismatic (collector's) value than others and may cost more to purchase. A bullion coin is simply a gold coin made almost exclusively from that precious metal. This purity offers a perfect addition to your investment portfolio.
Any of the following would be valuable additions to a gold coin collection.
The United States of America has several types of gold coins available for purchase. The U.S. Mint is the only mint authorized to produce American gold coins. U.S. gold coins can be used as legal tender in America.
Two examples of the American gold coin are the American Gold Eagle and the American Gold Buffalo.
Both the Perth Mint of Western Australia and the Royal Australian Mint in Canberra are authorized to produce gold coins. The Gold Kangaroo is Australia's most popular gold coin. A new image is produced annually by the Perth Mint. It has a $100 face value and can be bought in 1-ounce, half-ounce, quarter-ounce and tenth-ounce denominations.
Two examples of Australian gold coins are the Bird of Paradise and the Lunar Series.
In 1989, the Austrian Mint issued its gold bullion coin program. The 1-ounce Philharmonic gold coin has a purity of 0.999 percent and is backed by the Republic of Austria. The face features the Musikverein pipe organ and has engravings of the purity, face value, year of issue, and weight. The reverse features eight musical instruments such as a cello, French horn, bassoon and violins. It can be purchased in 1-ounce, quarter-ounce, half-ounce, one-tenth-ounce, and one-twenty-fifth-ounce options. Until 2001, the Philharmonic gold coin was the world's top-selling coin and is the widest coin that is currently made.
The Royal Mint of England produced the Gold Britannia in 1987, and it's currently one of the most well-known gold coins on the market. Britain has an entire collection called the Queen's Beast Series minted of 99.99% gold, which features coins such as:
The sovereign mint of Canada is the Royal Canadian Mint. It issues both bullion and numismatic gold coins. The Royal Canadian Mint commonly uses 0.9999 pure gold in nearly all of its gold coinage. Their advanced security measures ensure the security of their gold coins.
Two examples of Canadian gold coins include the Call of the Wild Coin and Gold Maple Leaf.
The Gold Krugerrand is one of the most widely known gold coins in the world. It first arrived from the South African Mint in 1967 and was the first bullion coin that was offered for private investment. The front of the Krugerrand features the effigy of Paul Kruger, which was refined in 1984. The reverse features the official symbol of South Africa, the Springbok antelope.
It has a purity of 0.9167 (22-karat) and is manufactured from a gold-copper alloy. This combination makes it more durable than pure gold coins. The Gold Krugerrand can be bought in 1-ounce, half-ounce, quarter-ounce and one-tenth-ounce denominations.
Whether you are buying gold coins for your own collection or to start a future financial investment, having the proper knowledge is imperative.
1. Federal Trade Commission. 'Investing in Bullion and Bullion Coins,' https://www.consumer.ftc.gov/articles/0135-investing-bullion-and-bullion-coins. Accessed September 24, 2020.