Purchasing gold coins can be as simple or simply because complicated as you want to make it. In case you are just starting out on your gold investments, this particular basic gold coin investing strategy will simplify things greatly to suit your needs. This article will discuss the most popular and recognized gold coins you can invest in.
Basic Yellow metal Investing-Gold Bullion Coins
If you are only starting out with gold investments, I recommend purchasing gold bullion first. Gold bullion has the least premium over the spot price (or melt value) associated with gold at the time of your purchase. Therefore it is the least expensive way to awal acquiring money. Gold bullion comes in coin or even bar form with coins becoming more popular with U. S. traders.
American Gold Eagle
My best recommendation for investing in gold bullion coins is the American Gold Eagle. First issued in 1986 by U. S. Mint, American Money Eagles are said to be the most popular silver bullion coins in the world. Each gold coin is minted in 22-karat solid gold and has an image of Lady Liberty on the obverse (front) and A Family of Eagles on the reverse.
United states Gold Eagles are backed by the U. S. government for excess weight, content and purity which is why these are widely accepted (and quite easy in order to convert back to cash). American Skull cap gold bullion coins can be purchased in four different denominations:
one-ounce with a $50 face value; half-ounce with a $25 face value; quarter-ounce with an encounter value of $10; and tenth-ounce having a $5 face value. You will pay much more of a premium over spot platinum for the half, quarter and tenth-ounce coins than the one ounce gold coin.
Canadian Gold Maple Leaf
Our second recommendation for investing in silver bullion are coins from our friends to the north – the Canadian Gold Maple Leaf. Produced by the particular Royal Canadian Mint starting more than three decades ago, these beautiful 24 karat gold coins are 99. 99% pure yellow metal (in 2007, the Royal Canadian Mint began producing 99. 999% pure gold, one-ounce Maple Leaf coins). The Gold Maple Leaf has an image of Great Britain’s Queen Elizabeth II on the obverse side. The coin’s reverse image is that of a maple leaf — Canada’s national symbol.
Gold Walnut Leaf coins are guaranteed by Government of Canada for their fat and purity. They are as more popular and accepted as the U. T. Gold Eagle and make good investments. Gold Maple Leaf bullion coins can be purchased in the following sizes: one ounce with a face value of fifty Canadian dollars; half-ounce with an encounter value of 20 Canadian dollars; quarter-ounce with a face value of 10 Canadian dollars; and tenth-ounce with an encounter value of 5 Canadian dollars. Premiums over spot gold are similar to that of the American Gold Eagles.
Let me caution you if you decide to invest in Canadian Gold Maple Leaf coins. Since gold is a soft metal, pure gold coins are easily scratched or nicked if not handled carefully. Always deal with your coins by the edges only (regardless of what gold gold coin it is) and be especially cautious handling your Gold Maple Leaf coins.
South African Krugerrand
Our third recommendation for investing in silver bullion coins is the South African Krugerrand. Produced by the South African-american Mint beginning in 1967, this coin gets its name from Paul Kruger, the last president of the Republic of South Africa, and the “rand”, the monetary unit of South Africa. The particular one-ounce Krugerrand contains one troy ounce of gold and is alloyed with copper (1/12 copper, 11/12 pure gold) resulting in a 22-karat gold coin. They are more durable and scratch-resistant compared to pure gold coins. The obverse aspect of the coin has the image of John Kruger. The coin’s reverse picture is that of a springbok antelope, certainly one of South Africa’s national symbols.
Southern African Krugerrands are as globally recognized and accepted today because the American Gold Eagle and the Platinum Maple Leaf. In the mid-1980’s, the particular U. S. Congress banned the importation of South African Krugerrands as part of the anti-South African boycott. Krugerrands already in this country were allowed to continue being traded. Because of this action, Krugerrands lost some of their luster (no pun intended). As a result, these coins possess about the lowest premium and are one of the cheapest way for you to own an one-ounce gold coin. Krugerrands also come in fractional sizes.
When Buying Gold Coins — Buyer Beware
Before you start shopping for gold coins, let me just say that when the price of gold gets this high, precious metals dealers come “out of the woodwork”. You must be cautious when selecting a dealer as there has been several incidents over the years where gold and silver dealers have gone out of business resulting in big losses for their clients. I will be writing a more complete write-up on finding good dealers at a later time.
Disclaimer: I have made every sensible effort to produce an informative and useful article on Basic Gold Coin Investing based on my research plus experiences. However , I make simply no representation or warranties of any sort with regard to its completeness, accuracy or even suitability for any specific situation or purpose. Only you can decide if purchasing these gold coins is right for you. I consider no responsibility for your gold expense decisions
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