Who Mints Gold Bullion Coins
Since Gold Bullion Coins are backed by central governments, there are numerous sovereign mints that are globally respected for their products. Some examples of these mints are:
-United States Mint: Opened their doors in 1792, as per our Founding Fathers’ requests, and produced the very first American gold coin in 1795.
-Royal Canadian Mint: Founded in 1908, and released the first Canadian gold coin in 1912.
-Central Mint of China: Established in 1920, although the first gold coin in China was made around the 5th or 6th century BC.
-Perth Mint: Opened in 1899 but the first Australian gold coin was minted in 1800.
-South African Mint: The first South African gold coin was minted in 1817 and the mint opened in 1941.
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Disclaimer: Information mentioned above reflects public website information pulled on Nov 18, 2021.
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United States Mint Largest Bulk Purchaser
The United States Gold Bureau can offer competitive pricing and delivery being an Authorized Bulk Purchaser by the US Mint. We can have large quantities of product on hand, which allows us to supply our valued custom at a superior rate. And not only does this help with the optimization of our supply chain, but it enables us to offer you the most significant value on the market because of our bulk discounts provided by the US Mint. Talk to one of our Industry Experts today to capitalize on our precious metal offerings!
Is Investing In Gold A Good Idea
While they’re popular, stocks and crypto are some of the most volatile investments you can make.
That’s where gold comes in. Here are a few reasons why you might want to consider investing in gold.
How much unmined gold is left?
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Oz Gold Kangaroo Perth Mint
This coin has been around since 1986 and is widely known as one of the best gold coins to buy. Its wildlife design is likely the most recognized around the globe. The Perth Mint is unrivaled for beauty and quality, and the 1 oz Gold Kangaroo coin is their flagship product.
If youre an investor looking for a coin that has familiarity and consistent quality, you cant go wrong with the Perth Mints Gold Kangaroo coin. Its made from .9999 fine gold and has a value of 100 Australian dollars.
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Why Invest In Gold Bullion Coins
Gold coins offer a unique investment opportunity as you are not only investing in the metal itself, but also the scarcity or rarity of the coin. Many collectors will use mintage as a guide when choosing gold coins to collect. Most larger countries are modern producers of gold coins, while many countries who have been producing them for centuries. Not only do federal governments produce gold coins but there are a number of trustworthy, world renown private mints that do as well.
Gold coins are offered beyond just the 1 oz incremental size. Each gold coin carries a monetary value, depending on the nation’s fiat currency, and are struck with the minimum of .999 pure gold, wherein the Canadian Gold Maple or the Australian Gold Kangaroo are .9999 pure.
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How & Where To Buy Gold Coins
Jeff Clark, Senior Analyst, GoldSilver
Theres nothing quite like holding a gold coin in your hand. And owning some real gold offers a number of advantages you simply cant get with other investments. And since gold is a natural hedge against the stock market, its an excellent way to diversify, too.
This article will cover the basic dos and donts of buying gold coins, including the advantages of owning them, the best gold coins to buy, the best places to buy , and how to avoid getting ripped off. With a few simple guidelines youll be on your way to owning one of mankinds longest-living assets.
This guide to investing in gold coins will seek to answer some of the common questions we hear including:
- Why buy gold coins?
- Which gold coins should you buy?
- Should you invest in numismatic gold coins?
- What are the most popular gold coins?
- Can you purchase gold coins from a bank?
- Whats the best place to buy? Can you trust online dealers?
Lets start with something about gold coins that many investors arent aware of
Secure Storage Is Necessary
As gold bullion is valuable, finding a secure storage vault is essential to prevent theft or loss. You can store your gold at a home vault. Other investors prefer storing their gold in a dealers secure vault.
Off-site storage costs money and doesnt give you instant access to your gold if you need to sell it quickly.
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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.
The Many Reasons For Buying Gold Coins
Gold offers benefits far beyond the fact that its price can rise.
Considerable all the advantages you gain by buying gold coins. Gold is
A tangible asset. You can hold $50,000 of gold coins in your hand, which you cant do with most any other investment. It cant be destroyed by fire, water, or even time. And unlike other commodities, gold coins dont need feeding, fertilizer, or maintenance.
Free of counterparty risk. Gold coins require no paper contract to be made whole. Gold is the only financial asset that is not simultaneously some other entitys liability. It doesn’t require the backing of any bank or government.
Highly liquid. Gold coins can be sold virtually anywhere in the world. There are gold dealers in just about every major city on the planet. And in a crisis, gold will be in high demand. Other collectibles, like artwork, take longer to sell, have a smaller customer base, and will likely entail a big commission.
Value dense. You can hold $50,000 in gold coins in the palm of your hand. Gold coins take up such little space that you can store more value of them in a safe deposit box than stacks of dollar bills.
Private and confidential. How many assets can you say that about in todays world? You must pay taxes on any gain, of course, but if you want a little privacy or confidentiality, just buy some gold coins!
Portable. You can take gold coins with you wherever you go in the world.
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Investing In Gold In A Modern World
In todays world of fiat currencies, buying gold coins remains a viable investment option for both its profit potential and diversification properties. In a portfolio of dollar denominated classical investments, like stocks and bonds, investing 5-20% of its value in gold bullion coins may significantly reduce the volatility of that portfolio.
Because of a proven ability to store value, investing in gold coins like the popular and widely recognized 24 karat Canadian Maple Leaf or the Vienna Philharmonic not only has profit potential but, for some investors, may serve as a method of wealth protection.With billions of dollars in transaction volume, a sizable buy/sell market and consistently competitive prices, Monex remains one of Americas preferred sources for buying gold coins.
Purchasing Gold Bullion From Golden Eagle Coins
Purchasing gold for investment purposes has traditionally been a hedge against inflation and weakness in the US dollar. For thousands of years, gold has been a store of wealth and value which continues today. Owning physical precious metals is a strategy of the very wealthy for centuries and although precious metals don’t necessarily need to be your only investment, it may be wise to make them a part of your strategy moving forward.
Offering our customers competitive prices and a wide range of inventory, while also providing a positive purchasing experience, is our top priority. We appreciate honest reviews and are available through our call center or email address, if you have any questions or concerns.
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Choosing The Best Dealer Online Or Local
A good way to start is to compare prices of the same product among a few dealers.
Getting a low premium is good, of course, but price isnt the only consideration. Heres a few other important questions to ask:
Do they offer multiple forms of payment? Bank wire, credit card, cash, personal checks, money orders/cashiers checks, and PayPal are being increasingly offered in the gold industry. And you want as many options as possible for not just current orders but future ones, too.
What are total costs, including commission, shipping, insurance, and credit card or bank wire charges?
How big is the company? You want a dealer that has strong volumes, because they will have greater flexibility, bigger selection, and be more equipped to fill a large buy or sell order.
Is the dealer pushy, or educational? Do you feel comfortable with them?
Will the dealer send you a lot of marketing materials after your purchase? You may want these to learn about special offers, but you dont want to get bombarded or your name be sold.
Do they offer a buyback policy? If theyre not willing to buy back what you purchase today, thats a strike against them. We obviously want a dealer that will still be in business years from now when youre ready to sell.
What is the return policy if you receive the wrong product? Keep in mind, however, that you cant return a correctly filled order due to buyer remorse.
There are a few other places youll see gold coins for sale, including
Best Reputation: Golden Eagle Coins
Gold Eagle Coin
Established as a family-owned business, Golden Eagle Coins has a nearly unblemished track record with thousands of positive reviews, making it our choice as the online gold dealer with the best reputation.
More than 45-year track record
Extensive selection of gold coins
Solid online reputation
Limited selection of gold bars
Known primarily for its vast selection of gold coins, including collectible and numismatic coins, Golden Eagle Coins’ started in 1974 and maintains a track record of customer satisfaction that is unmatched, which is why it makes our list as the most reputable online gold dealer.
You can’t help but marvel at Golden Eagle Coins’ extensive selection. In addition to the popular coins, such as American Eagles, South African Krugerrands, and Canadian Maple Leafs, Golden Eagle Coins sells a wide variety of silver, platinum, palladium, and copper coins. Investors can also find a great selection of pre-1933 coins, commemoratives, mint sets, and foreign coins from more than 100 countries.
Also, you won’t find too many dealers that offer historical currency, such as Confederate notes and Colonial currency. Collectors are also impressed with its selection of ancient Arabic, Greek, Roman, and medieval coins.
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American Gold Eagle Coins
The official gold bullion coin of the United States of America, the American Gold Eagle is an awe-inspiring precious metals product indeed. It is released by the United States Mint, and has been a regular annual feature since it first released in 1986.
These coins feature Augustus Saint-Gaudens rendition of Lady Liberty on the obverse, and Miley Busieks depiction of a family of eagles on the reverse.
Although this series isnt the oldest gold coin program in the world, it does feature among the most popular and successful ones.
How To Buy Gold Online
Like many other products buying gold online can be as easy as point-and-click. The best dealers have a well-organized website with easy navigation to find and compare products by category . When you find a product you want, you click on it to review the details. As with any online shop, you can add it to your cart. You can then enter the quantity you want. From there, you can continue to shop or move on to checkout.
Once you start the checkout process with most dealers, your price is locked in for a short period, typically 10 to 15 minutes. You need to complete your purchase before the pricing expires, or you may see the price adjusted up or down based on how the market is moving.
Once you complete checkout, you will receive an email confirmation along with ongoing shipping notifications.
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Industry Overview About The Gold Industry
Gold price per ounce has seen massive growth over the past few years. At nearly $1400 per ounce, the average investor is not in the market for a bar that size, and even those who might afford would find it difficult to unload a bar that size to their local dealer.
This is why an average customer buys gold in one ounce form, and the cost to acquire gold in smaller quantities is higher. A lot of factors help to dictate the price disparity, not the least of which is the relative cost of minting a large bar of refined gold into one ounce coins.
These coins ship from large mints like the United States Mint and the Royal Canadian Mint of Canada to select authorized dealers, who in turn ship them to over 4,000 coin dealers in the United States alone before they find their way into the hands of a gold investor.
Have it in mind that there are shipping and insurance charges through each stage of the process, and before an investor receives his gold shipment, he may have paid brokerage fees, , or other ancillary charges.
Research has shown that a lot of dealers will not ship below a certain volume, while some will not ship above a certain volume. Certain dealers have different price breaks at different quantities. For example, one dealer may offer a discount for buying more than fifty coins, while another may offer a break at sixty.
Buy Your Gold From A Reputable Local Jeweler
Bullion dealers and banks are two of the three local gold buying and selling options. The third option is a local jeweler who carries bullion, such as Pinto Gold and Jewellery Buyers. Pintos services include buying and selling gold and silver coins and bars, and with 30 years of experience and thousands of satisfied customers, you cannot go wrong. One of the Toronto areas most trusted gold buyers, Pinto offers top dollar for genuine gold that has been appraised by highly trained professionals. Such a store can advise you on the ins and outs of the precious metals industry, how to diversity your investments with gold coins and bars, and how to store your metals for safekeeping.
About The Author: Pinto Gold
Pinto Gold and Jewellery Buyers are a Canada-based company which has a great reputation for buying gold and jewellery for the past two generations. We are experienced jewelers and certified appraisers of jewelry, gold, and precious stones. We treat our customers professionally and courteously, providing top notch services. We guarantee safety and convenience, and we also cover insurance for all our shipping transactions.
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Sell Gold Coins In Canada
Canada Gold is the countrys highest paying and most trusted precious metals dealer. We pay more cash for your gold coins. We are pleased to offer the top market price for gold bullion, Gold Eagles, Maple Leafs, Krugerrands, Sovereigns and other rare or common gold coins.If another gold buyer offers you more money for your items, well beat their quote with our 120% Best Price Guarantee.