5 types of gold bullion coins to consider.
If you’re interested in buying gold as an investment, gold coins are an excellent option. There are two basic types of gold coins in circulation among investors: collectible/rare coins and bullion coins. Collectible coins are typically worth much more than the metal they contain, and this value can fluctuate greatly based on changing demand or on situations such as the sudden discovery of a new supply of coins previously believed to be very rare. Bullion coins, on the other hand, have a value based strictly on the worth of the metal they contain and therefore track to the market price of gold much more closely.
When buying gold bullion coins as an investment, you want to look for the following attributes:
- High gold purity: Most gold coins used for investment are made of 22k gold or higher. You want to stick to these high grade coins because they contain more gold per ounce and less copper, silver, and other alloys.
- Established brand: It will be easier to sell a coin that comes from an established “brand” or mint because it is a known quantity. In other words, other investors will know that the gold purity, weight, and quality of the coin will be up to the standards of the brand.
- Strong demand: If there has traditionally been a strong and steady demand for a certain type of coin, you have a good chance of finding a buyer quickly in the future.
5 Gold Bullion Coins to Consider
- Turkish Republic Coins: Turkey produces both decorative and standard 22k gold coins in abundance. In the past decade, gold coins have become particularly popular in Turkey as a hedge against inflation. With Middle Eastern buyers also interested in these coins, there is likely to continue to be a strong global demand.
- South African Krugerrands: South Africa was at the forefront of producing gold coins in the early 1970s, when the Gold Standard was abolished and private citizens rushed to invest. The Krugerrand is a very strong brand known for their high quality 22k coins and the very recognizable springbuck design on the back of each coin.
- Canadian Maple Leaf Coins: This was the first 24k gold bullion coin ever to be produced for private investment. Canadian Maple Leafs remain the most popular 24k coin with over 40 million in circulation, so this coin definitely satisfies all three of the things to look for in a gold bullion coin.
- Chinese Panda Coins: This 24k coin is actually a sort of combination between a bullion coin and a collectible coin, because each year’s coins feature a different panda design on the back. However, with so many of these coins in circulation they are not at all rare, just fun to collect. China has been hoping to establish itself as a reserve currency which could affect the future value of these coins.
- American Eagle & Buffalo Coins: The United States Mint currently produces two types of gold bullion coins, 22k Eagles and 24k Buffalos, in a range of sizes. Considering that the US has one of the biggest coin markets as well as the largest official gold holdings in the world, American gold coins are definitely a strong brand with a strong demand, making them a good choice for investing in gold coins.
If you are interested in buying or selling gold bullion coins, please come visit us at Gems & Jewelry Inc. We’ll be happy to take a look at your coins, and if you like our price you can walk out with cash for your gold coins the very same day.
