Best Gold Coins to Invest in
Gold can be purchased in many different forms, ranging from bars to coins and sometimes molded into other shapes. Gold’s value usually comes from its melt value, but sometimes, certain coins can have a collector’s value associated with them. The good news is, it is easier than ever to purchase gold. There are many reputable vendors and marketplaces online, which can make sourcing certain coins that someone may be interested in easier than ever.
If investing in gold, coins are often the way to go. While all gold coins will have their inherent value based on the weight of the gold, there are some coins that tend to fare better as collectors’ items and can hold more value than others. Some people prefer to have a diverse collection with as many different options as possible. Others may not care so much or may only purchase one type of coin. There is no right or wrong way to select the gold you choose, so long as it is all high-quality gold from reputable sellers. The coins in this list are solid investment options because they tend to be popular with investors and collectors.
American Gold Eagle
The American Gold Eagle series has been popular since its first issuance in 1986. They offer both high purity while being relatively low-priced. They can be purchased in four different sizes for investors of all kinds beginning to enter the market. It can be purchased in 1/10 oz, 1/4 oz, 1/2 oz, or 1 oz options.
Keep in mind that the 1 oz coins have a face value of $50. It is an official legal tender, but the gold often carries significantly higher value. This particular coin is one of the most commonly-purchased bullion gold coins that is considered highly liquid.
American Gold Buffalo
The American Buffalo is the most recent coin on this list. It was first minted in 2006, but has already left its mark. This is the first American coin minted with .9999 fine gold, making it a phenomenal status. Its standard size is 1 oz, though in 2008, multiple sizes were minted. It is also recognized as legal tender worth $50 in the United States. In particular, it is a popular coin to include in gold IRA accounts.
The Austrian Philharmonic gold coin is the most popular option traded in Europe. Originating from the Austrian Mint, they come in several sizes from 1/10 oz up to 1 oz. These coins are minted with several instruments on their surface. They can be great collector’s pieces for people interested in music. Plus, they are easily traded.
The British Sovereign holds prestige as initially being a circulating coin worth one pound sterling but has since been used for trading and bullion. This coin features Queen Elizabeth II with the reverse showing a design featuring Saint George and the dragon. They are a bit larger than the US nickel, and the mint has been producing gold coins since 1817. These coins usually trade above melt value, making them a good coin for new investors.
Canadian Maple Leaf
The Royal Canadian Mint has offered the Canadian Maple Leaf since 1979 and it is often one of the more popular options. This coin also carries a legal tender value of $50, but the ounce of gold is worth far more. This is one of the few options available created from .9999 fine gold, meaning that it is 99.99% pure gold.
Chinese Gold Panda
The Chinese Gold Panda coins were first minted in 1982, during which time the South African Krugerrand dominated the gold bullion coin market. Before long, they quickly gained popularity and it is now one of the most popular coins today. It comes in several sizes, but the easiest to sell and buy is the 30-ram Gold Panda. Made with .999 old, it is a beautiful option for both collectors wanting the novelty and traders.
South African Gold Krugerrand
The South African Krugerrand is the first of the modern gold bullion coins, introduced to the world in 1967. By 1980, it accounted for most gold trading on the international market. However, as concerns of racial segregation from the apartheid began to grow, the Krugerrand quickly lost popularity. Despite this, the coin still exists on the market and can be a great collection piece.