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What Gold Coins Should I Buy

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Oz Gold Maple Leaf Coin Royal Canadian Mint

Should I Buy Fractional Gold Coins?

The Canadian government issues this gold bullion coin every year. The Gold Maple Leaf coin is made by the Royal Canadian Mint using gold entirely mined in Canada. The Royal Canadian Mint is known for its quality and purity, and this pure bullion is no exception.

Since its release in 1979, it has become one of the most popular gold coins for investors and jewelers. The Gold Maple Leaf coin is considered legal tender and has a value of 50 Canadian dollars.

Disadvantages To Buying Fractional Gold Coins

While were a big fan of purchasing fractional coins as a way to boost the value of your collection without compromising on liquidity, there are also a few undeniable disadvantages to making this kind of purchase. To begin, you should consider how variable sales taxes may impact the overall cost of your investment.

Some states have instituted an additional sales tax on bullion purchases of less than $1,000, which can make it even more difficult to get a truly solid deal on gold via bullion coins. However, this problem is relatively easy to get around. If youre looking to expand your bullion collection with fractional coins, consider buying multiple at one time. With a total purchase of over $1,000, you might be able to avoid some pesky extra sales taxes.

Be sure to educate yourself on the sales tax laws of your specific part of the country. Some states charge extra taxes on purchases of less than one ounce of gold, while others adhere to a stricter dollar amount. Getting a good grip on how taxation laws influence bullion purchases is never a bad idea.

Fractional coins can also be more expensive than larger pieces of bullion. As a general rule of thumb, gold purchases of an ounce or more should be pretty close to the spot price of the precious metal. The larger the amount, the smaller premium distributors add onto the cost of the metal itself.

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Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.

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Investing disclosure:

The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives. Investing involves risk including the potential loss of principal.

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Canadian Maple Leaf 1/2

As a bullion investment, Canadas 1/2-ounce Maple Leaf offers the security of adding 24k fractional coins to your precious metals portfolio. With the expected .9999 fineness and a Royal Canadian Mint guarantee of weight and quality, these second-largest Maple Leafs carry a legal tender value of $25 Canadian and 1/2 troy ounce of gold. Just like the 1-ounce Maple Leafs, these smaller coins also give the added security measure of light-diffracting radial lines new to 2015 and, as always, the guarantee of 1/2 OZ OR PUR” and four 9s.

In times of worldwide financial uncertainty, known quality backed by a stable, secure government makes the 1/2-ounce Maple Leaf uncirculated bullion highly desirable and worth its weight in gold. Although the spread between spot and price increases as coin size decreases, these are still worthy investments. Current prices run $104 over spot for less than 10. Order more than 20 and the price falls to $92 over spot per ounce.

Gold Bars Stand The Test Of Time

Which Gold Coins Should you Buy

Gold bars are a popular way to protect purchasing power and guard against financial crises. They are an asset that has stood the test of time for millennia.

Check out the range of gold bars to buy. Or let us know if youd like something not listed there. You can also use the live chat feature to get the most up to date pricing see the button at the bottom right of your screen.

Related: What is the Best Type of Gold to Buy For Trading in a Currency Collapse?

Editors Note: Originally posted 24 April 2018. Last updated 3 March 2020 with links to relevant products and Maple special added.

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But Which Gold Coins Well Explore The Top 10

Whether you are looking to invest, hedge inflation or acquire survival-based precious metals, now may be the perfect time to pick up some of the worlds most revered gold bullion struck into coins. With greater resale potential than bars or rounds, a value that will only accrue more worth over time and a hypnotizing beauty, the following 10 are our winning choices.

Is Gold A Good Investment In A Recession

Gold has a reputation for being a recession-friendly investment when the stock market has a big pullback, the price of gold often goes up. But that’s not the full picture, says Deaton Smith, a certified financial planner and founder of Thayer Financial in Hickory, North Carolina. The idea is that its a safer investment than equities, but the long-term price valuations just havent been there.

In fact, when you look at longer time horizons, like the past 30 years, the Dow Jones Industrial Average a good representation of the overall stock market has significantly outperformed gold. And while the stock market has its ups and downs, investing in physical gold can involve a lot of unexpected costs and considerations, including insurance and secure storage.

Adding gold to your portfolio can help you diversify your assets, which can help you better weather a recession, but gold does not produce cash flow like other assets, and should be added to your investment mix in a limited quantity and with caution.

» Stressed about the stock market? Heres what to do when the stock market crashes

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Chinese Panda Gold Coin

The Chinese Gold Panda was China’s first gold coin and the third on the market after the American Eagle and the Canadian Maple Leaf.

Its obverse design changes yearly, spotlighting the Giant Panda in various poses. The Temple of Heaven sits on the reverse. The coin is .999 pure gold.

Initially available in the standard ounce weights, the Pandas moved to metric units in 2016. They are available in one-gram, three-gram, eight-gram, fifteen-gram, and thirty-gram coins as well as in sets.

Timing And Market Activity

Which Gold Coins Should you Buy

Like many markets gold displays some seasonal patterns. On average, because it tends to have slightly lower prices, though as the article shows other months tend to offer good prices as well.

As a reminder, these are just averages, and they do not promise you will always get lower prices when seasonality says you will. Generally, buying on down days or during corrections will provide a low cost basis over time.

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Oz Gold Philharmonic Coin Austrian Mint

The Philharmonic Coin by the Austrian Mint resonates with the beautiful music produced in the Vienna Concert Hall. It was the first gold bullion coin out of Europe explicitly produced for investors. The Austrian Mint had the idea for the coin in 1986 and was officially released in 1989.

All of the Gold Philharmonic coins for sale today contain .9999 pure gold and have a legal tender value of 100. Any investor who has a taste for elegance and is looking for a coin thats easy to obtain can count on the Austrian Mints beautiful Gold Philharmonic Coin.

What Is Gold Bullion

Gold bullion is essentially a catch-all term for any bulk quantity of gold thats bought and sold for investment purposes. This includes gold bars and gold coins, but tends to exclude gold jewellery, which is not considered investment gold in the same way.

A good way to determine if a gold product is considered bullion is to see whether the weight and purity of the gold is inscribed into the product itself, or if it comes with a complimentary certificate. This is a good indicator that the product is being traded primarily for its gold content, rather than for other reasons.

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What Are The Best Gold Coins To Buy

Whether you buy gold for investment or collection, you have probably wondered what the best gold coins to buy are. In fact, you have probably wondered what the best gold coins to buy even means? Are we talking about the most efficient gold investment vehicles, or the gold coins with the highest numismatic value? Maybe, instead we are talking about which mints are the least likely to have fakes rolling around?

We see the question of what are the best gold coins to buy as a combination of these questions and more. So we went ahead and did some research focusing on the best selling gold coins from government mints around the world. Before you continue down this list make sure you understand the basic gold coin valuation concepts. From a strictly precious metals side these include spot price, premium over spot, and melt value. More generally, they can include collectible features, grade, mint marks, rarity, and year. For example, special releases of otherwise common coins may fetch a higher premium from astute collectors.

Your last piece of homework should be the histories of various coins producing countries and mints. Be sure to check the our list of the best gold coins to buy against your own gauge of the coins value. Hint: start with countries like Canada, Great Britain, South Africa, and the United States. All of these have a strong minting tradition and large collector communities that may pay more than the price of gold.

The Top 10 Gold Coins to Buy:

May 26, 2021

What Is A Fractional Gold Coin

Who Should Buy 1 Oz South African Gold Krugerrand Coin

The term fractional gold coin just refers to any gold coin thats smaller than an ounce in weight. Gold is generally measured in ounces. The spot price for gold is just the price in fiat currency per ounce of this shiny precious metal. The price for collectable gold coins is determined by taking the spot price for the metal of a given piece and adding a premium to it, which can vary based on the distributor and the specific coin.

Full ounce gold coins can be extremely expensive. Many one ounce gold coins cost around $2,000, and some can run you even more. The upside is that many collectable coins retain their value over time. This is especially true for old gold coins kept in relatively mint condition. But for the average consumer, spending $2,000 on a single coin just isnt feasible.

Many mints now produce fractional versions of popular one ounce gold coins. This allows investors to buy the same beautiful designs without dropping several thousand dollars on each piece.

There are multiple different types of fractional gold coins. The smallest coin many bullion distributors sell is a 1/20 ounce gold coin. These pieces are especially popular as gifts, as they cost a mere fraction of their one ounce counterparts. But keep in mind there are also a lot of decent options for fractional gold bars as well.

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Top 10 Best Gold Coins For Investing

With gold so hot right now, there are lots of gold-buying options to choose from. You could trade futures contracts. You could buy gold-mining stocks. You could buy a proxy for gold in the form of a gold ETF. There are even gold mutual funds. But almost any expert will tell you the same thing: if you want exposure to gold, nothing is better than holding the physical metal including gold coins.

Even still, there are options: You can buy bars, rounds, or coins. And even once you settle on one of them, choices still abound! This article will focus on gold coins. Coins are different from rounds in that coins are issued by governmental authorities rounds are issued by private mints. Libertarian sentiments aside, government coins are generally more widely accepted not everyone is a libertarian, after all. Thus, this added liquidity generally makes these coins more preferable to rounds.

Are Their Ethical Concerns With Buying Gold

More and more investors are worried about the social and environmental impact of their investments, and gold mining can leave a significant toll on the environment and raises concerns around human rights and governance since gold mines are located in conflict-affected or otherwise high-risk areas.

In 2019, the World Gold Council took steps to implement guidelines for member companies, as did the International Council on Mining and Metals. Both require that participating mining companies publish information on their progress publicly, making it easier for consumers to find.

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Frequently Asked Questions About How To Buy Gold

  • How do I store my gold?

    Once youve purchased your gold, youll also need to find a safe place to store it. There are several options to consider, including the following:

  • Bullion dealers. Many gold dealers will also offer a storage service where you can keep your gold bars or coins for a fee, so ask about the storage options available when you make your purchase.
  • Safety deposit boxes. You can rent a safety deposit box at a bank to securely store your gold bullion.
  • Secure vault storage. For high-level security, you may want to research vault storage companies near you and the storage options they offer.
  • At home. You can also choose to store your gold at home. This obviously may not be as secure as some other options, so you may want to get a home safe installed. Youll also need to update your home and contents insurance to make sure your precious metal is covered by your policy .
  • Do banks sell gold?

    Some banks do sell gold to customers, but many do not. Canadas Big 5 banks TD Canada Trust, CIBC, BMO, RBC and Scotiabank all sell gold and other precious metals. If youre interested in buying from a bank, talk a local bank representative to find out what your options are, and make sure your investment comes with a secure way of storing your precious metals. Youre also more likely to get a better price if you are a customer of the bank youre buying gold from.

  • Disclaimer:

    The 5 Best Gold Bullion Coins For Global Citizens

    Should You Buy 1 Oz Gold High Premium Coins ?

    Buying gold bullion is a good way to diversify your assets out of fiat currencies. However, your home countrys world view may be putting your gold investments at risk. American gold buyers, in particular, may be taking an overly regional approach to buying gold bullion that could prove detrimental.

    So, dont buy gold American Eagles until you read this.

    There are numerous gold bullion coins on the market and many of them will be much easier to sell abroad than the American Eagle in the event of a crisis or global financial collapse.

    In this article, well first look at the American Eagle and then examine other gold bullion coins youll want to add to your investments to ensure that your gold holdings are diversified on an international level.

    Topics Covered

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    When To Sell Gold

    When you were buying gold, you took your time to find the right company to buy from, and that same amount of care should be made when you decide to sell. Who you sell to matters!

    When researching which company you will sell to, look for those that not only offer a strong buyback price, but has a strong reputation for providing smooth transactions.

    Sell your gold with For domestic sellbacks, we offer a no-fee option that gives you the best value for your gold.

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    French Rooster Gold Coin

    French Gold Rooster reverse design.

    Before the era of modern gold, bullion coinage was in use across Europe. Enter the French 20 Franc Roosters, a series of gold coins struck from 1899 through 1914.

    The obverse of the coin bears the portrait of Marianne, Frances goddess of freedom and liberty. The reverse carries the visage of the eponymous Gallic Rooster, the nations unofficial national symbol. That’s how this gold coin acquired its name.

    20 franc gold coins are roughly the same physical size as a United States nickel. Each coin contains 0.1867 ounces of gold . The French Rooster has become one of the most widely traded classic world gold coins, along with the Sovereign.

    While the France 20 Franc is a vintage gold coin, most dates arent rare. These classic French Roosters can be bought for relatively small premiums over the current gold spot price.

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    Canadian Maple Leaf 1

    Canadian Gold Maple Leaf reverse design.

    Let’s move beyond the realm of the United States. Gold bullion coinage is a wide world of beautiful and sought-after gold coins from nations spanning the globe. Among them is Canada, where the Royal Canadian Mint has issued its popular Canadian Maple Leaf since 1979.

    This long-running gold coin program has spawned an exciting array of gold coinage in various sizes and denominations. Still, one of the best performers in terms of marketplace viability and liquidity is the 1-ounce Canadian Gold Maple Leaf. The coin carries a legal tender value of $50.

    The 1-ounce Gold Maples are traded at premiums close to spot and are commonly found in bullion portfolios. It is one of the few gold coins in the world that is made from .9999 fine gold. This means that Gold Maple Leaf coins are 99.99% pure gold. The technical achievement of “four nines” fine gold is a testament to the refining prowess of the RCM, which is also known for its gold bars.

    While its a thoroughly Canadian coin, many investors outside of Canada buy Gold Maple Leafs. There are several good reasons. They are well known, guaranteed by the Canadian government, and offer a handsome design of the eponymous Canadian maple leafthe national symbol of Canada.

    Also, diversifying ones bullion portfolio with international gold bullion coins has benefits. It can help broaden the appeal of their physical metals holdings and increase its overall liquidity.

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