Which Gold Coins Are The Best To Buy
Every coin on this list is guaranteed to be a solid and worthwhile investment. Thats because every option has high purity, great value, and is popular around the world. The latter is a vital element as it has a huge effect on the ease ofbuying and selling your gold coins. The more prolific a specific mintage is, the easier it is to find buyers and profit from your investment.
Our favorite gold coin remains the American Gold Eagle, as the classics are hard to beat. This popular design has remained unchanged since 1986 and is still one of the most traded gold coins around the world. Proudly displaying patriotic American emblems, this coin features lady liberty on one side and a family of bald eagles on the reverse. If a single investment could represent the greatness of American opportunity, it would be the Gold American Eagle bullion coin.
Is Buying Gold Online Safe
Buying gold online is as safe as any other transaction you make over the internet as long as you know you’re dealing with a reputable company. The best dealers use SSL encryption and are PCI compliant. Plus, all their shipments are insured for their full value.
The most significant risk you face is purchasing from an illegitimate company that sells fake products, overpriced inventory, or simply runs off with your money. As with any online purchase, you are your first and last line of defense against scammers. You need to do your due diligence on gold dealers by researching them online.
The Cheapest Method Of Buying Gold: In Bulk
Another simple principle is buying in bulk is virtually always cheaper. Most dealers offer a lower premium per ounce when you purchase a certain amount of bullion at once.
This concept generally applies no matter which kind of gold you buy. Let’s use a quick example.
We’ll compare a 1/2 oz American Gold Eagle and a British Gold Sovereign. The Gold Eagle has about twice as much gold per coin as the Sovereign. As a result, you get more gold for each dollar you spend when choosing the larger coin. Notice that this is true even though the Gold Sovereign has a lower overall price .
A pair of British Gold Sovereigns.
We will revisit this comparison in the last section with more specific math.
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Buying Gold Etfs Vs Physical Gold
One last consideration is buying a gold ETF. ETF shares trade on stock exchanges very similarly to other financial products. This makes ETFs a convenient way to get exposure to gold.
Unfortunately, ETFs come with fees that will increase your effective cost-per-ounce. Moreover, you aren’t entitled to any real gold when you sell your shares. Instead, the transaction will be settled in cash, much like gold futures.
Gold ETFs are geared more toward short-term speculation. If you plan on holding your gold as a long-term investment, stick with physical gold rather than derivatives.
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Investment Grade Gold Coins
Investment Grade Coins are higher quality and rarer than bullion coins. These coins are also graded at a magnification of 5x what the naked eye can see and are enclosed in a protective slab to preserve the mint condition of the coin. Investment Grade Coins are for investors planning to hold onto their investment for at least 5 years.
At Atlantic Gold Exchange We Buy A Variety Of Gold Silver Platinum And Palladium Items Regardless Of Condition Including Broken And Unbroken Jewelry Coins Flatware Collectibles Bullion Ingots And Dental Scrap
All purchases are transported to our precious metal refinery right here in Pittsburgh, Pennsylvania where we smelt and chemically refine them into pure precious metal.
We dont outsource any step of the refining process nor do we ship your precious metals to another state or overseas to be refined. We buy it here, we refine it here, and the money generated by your precious metal materials is invested right back into our community.
We are not a re-seller which means our prices are based strictly on the precious metal content your items contain. Well give you an honest appraisal and accurate estimate of your materials and write you a check on-the-spot, but youre never obligated to accept our offer. In fact, we encourage you to shop around at other local gold, silver, jewelry, and coin buyers before visiting us here at Atlantic. Were confident that once you come to us, you wont waste your valuable time or sell your valuable items anywhere else.
We run an honest business in compliance with local laws, hold all items in their unaltered state for 5 days, and report all purchases to local police. Our stores are open Monday through Thursday from 9:00 am to 6:00 pm and Friday and Saturday from 9:00 am to 5:00 pm. We also offer Sunday appointments and private parties.
So when youre ready to sell your unwanted gold, silver, platinum, palladium, jewelry, and coins, come to Atlantic. We look forward to your visit.
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What Is An Online Gold Dealer
The top online gold dealers are trusted vendors offering everything from investment-grade bullion, coins, collectible gold pieces, and more. Customers can easily compare prices across multiple sellers and make a buying decision based on price and shipping speed. The top dealers offer options to take physical delivery of the gold or store it in a secured vault. Customers also have the option of selling their gold back to the dealer.
Where To Buy Gold
CMI Gold & Silver Inc. is now in its fourth decade of buying and selling gold bullion products. We usually have one-ounce gold bars available at all times. Shipment is normally made within a day or two of receipt of good funds. When you buy gold from CMI Gold & Silver Inc, you will be told expected shipment date at your time of order.
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Gold American Buffalo Coins
This famous piece of currency, also coined the Gold Buffalo, carries quite a bit of history along with it. Although it was first minted in 2006, the design of the piece dates all the way back to 1913. James Earle Fraser, an American sculptor from Minnesota, originally designed what you see on the American Buffalo for the Buffalo nickel. The design’s popularity throughout the decades helped cement its inclusion in today’s minting of American coins. The obverse side of this gold coin features the iconic profile of a Native American, with the word LIBERTY just to the right of his head. The reverse has a left-facing buffalo with the face value of $50 just beneath its feet. The coin contains 1 Troy ounce of 24-karat gold, ensuring that the piece is worth quite a bit more than just its face value. You can find both American Buffalo bullion and graded proof coins on our site.
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Our investing reporters and editors focus on the points consumers care about most how to get started, the best brokers, types of investment accounts, how to choose investments and more so you can feel confident when investing your money.
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The Best Places To Buy Gold Coins
Most gold coins are bought in one of two places: at a local coin shop, or online.
Believe it or not, youll likely find better pricing online than at a coin shop, even after factoring in shipping costs. Thats because the overhead at a brick-and-mortar store is higher. But thats just part of the difference between them.
Heres the pros and cons of your two basic options
Buy Gold Bars & Bullion
Buying gold bars and gold ingots are the most popular way to invest in gold and generally the form of gold bullion that most people think about. You can buy gold bars in a variety of sizes from 1 gram to 1 kilo. Actually, a gold bar can be as big as someones imagination. Currently, the largest gold bar in history was produced by Mitsubishi Materials Corporation. The bar weighed 551 pounds and would be worth over $11 million with a spot price of $1275.
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How To Buy Gold Bars
One ounce .9999 fine gold bars have grown in popularity since the 2008 Financial Crisis mainly because they carry lower premiums than the popular one-ounce gold bullion coins, of which the most popular are American Gold Eagles and South African Krugerrands. Several refineries and mints produce 1-oz gold bars for the US market.
How To Calculate If You’re Overpaying For Gold
The surest way to buy the least expensive gold is simply to avoid overpaying. The trick here is to determine the cost per unit of weight not the overall dollar price.
This is best illustrated by referring back to our original example.
Let’s say you see the 1/2 ounce American Gold Eagle coin for sale for $1,000. That would mean the per-ounce cost of the coin is $2,000. In other words you’re paying $2,000 for each troy ounce of gold with this particular product.
An American Gold Eagle coin.
This calculation is easiest when the gold item is a round number like 1 troy oz. Yet you could also break it down on a per-gram basis for more difficult numbers. We’ll again use a British Gold Sovereign to illustrate this.
The Gold Sovereign contains 0.2354 troy ounce of pure goldslightly less than 1/4 oz. We multiply 0.2354 x 31.1 to arrive at 7.32 grams of gold. The price of the coin is $500, so we divide the cost by the gold weight: $500 / 7.32 = $68.30 per gram.
Now we can compare the prices of the two items on an apples-to-apples basis. There are two methods:
Convert both prices to ounces. We already have $2,000 per ounce for the Gold Eagle. We take the Gold Sovereign’s cost per gram and multiply it by 31.1, which gives us $2,124.04. The 1/2 oz Gold Eagle is about $120 cheaper per ounce.
You can use these calculations to compare the true cost of different gold products. This type of comparison shopping will always show you which gold product is cheaper per each unit of weight.
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South African Gold Coins
Without question, the South African Gold Krugerrand is the most widely known gold coin in the world. The first bullion coin introduced for private investment, the Gold Krugerrand arrived from the South African Mint in 1967. For more than a decade, the Krugerrand was the only gold coin available to private buyers and has survived a Western economic boycott and the end of apartheid to remain a worldwide symbol of South African gold. The Gold Krugerrand features the following designs:
- On the obverse is the effigy of Paul Kruger. The modern coins feature a modified image of Kruger which was refined in 1984 by Otto Schultz.
- The reverse includes the Springbok antelope, the official symbol of South Africa. This design was also modified and modernized in 1984, with Coert Steynberg responsible for the artwork.
Gold Bullion: Bars Rounds & Coins
Gold Bullion Bars
A flat bar struck using .999+ pure gold is known as a gold bullion bar. Ranging from 1 troy ounce to even 32 troy ounces, gold bars are available in various sizes. However, 1 gram, 1 oz, 100 gram and kilo size remain the most common weights available in the bullion market. Their popularity stems from the fact that they are worth very close to their gold melt values making them a solid investment choice.
Even though gold bars were usually struck by private mints, government mints have also started to strike gold bars for sale to the public as well.
Gold Bullion Rounds
Gold bullion rounds are flat, disk-shaped pieces of .9167+ pure gold. Although their weights may range from fractions of a troy ounce to 5 troy ounces, 1 oz gold rounds are far more popular than their heavier and lighter counterparts.
Gold rounds are generally struck by private mints, and they are worth close to their melt value as well, making them popular choices for investment.
Gold Bullion Coins
Gold coins are also flat, disk-shaped 0.999+ pure gold pieces. However, most gold coins, unlike gold rounds, carry an official face value in the country of issue. These investment instruments carry one of the highest premiums over the spot price of gold due to collector demand and official recognition from sovereign governments.
Some factors that need to be considered while comparing these gold instruments are:
1. Premium over Spot
2. Purity
3. Susceptibility to Counterfeit
4. Stackability
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The Most Popular Gold Coins
The most popular sovereign gold coins in the world are the following six. Some are 22-karat and most are 24-karat, but they all contain a full ounce of gold. Youll see their content and purity are guaranteed by a government, and other than the Krugerrand, are all legal tender in the country of issue. Theyre also all eligible to put in your IRA
Why Invest In Gold Britannias
Gold Britannias are also classed as legal tender, thereby making tax free just like gold sovereigns. This makes them a very attractive and in-demand investment opportunity.
- Gold Britannias are divisible, which means they can be easily split up when selling.
- All gold coins sold by The Pure Gold Company are provided with a certificate of authenticity which assures potential buyers that they are genuine.
- Demand is higher for smaller gold coins as costs are lower, and this is reflected in buy-back prices.
- UK gold coins like the Britannia are also free from Capital Gains Tax.
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Gold Coins For Auspicious Occasions
Gifting gold coins on special occasions is an age-old tradition in India. Be it a festival or wedding, baby shower or first birthday of the baby, gold bar or coins come across as the best gifting options. Also, many people buy gold coins to add up to their assets and use them at the time of emergencies. Whatever the reason be you can now buy gold coins online at Malabar.
Best Gold Coins To Buy
Gold coins are the ideal investment no matter what financial level youre starting at. A single round can be purchased for as little as $25, meaning everyone can get their start in the world of precious metals investing. Gold bullion bars are a big commitment and are probably too expensive for the beginner investor. Gold coins, on the other hand, are cheap, convenient, and easy to build a collection. With so many different mints around the world producing gold bullion coins, investors today have a variety of choices.
In this article, well tell you all about each of the most popular gold bullion coins you could buy. There are manyreasons to buy gold, but as a starting point, small valuable minted coins are the perfect entry point for investors. When it comes to gold, the most popular coin is the best choice as these coins are easier to buy and sell. Its better to stay away from less-well-known coins from smaller mints, as the market for these coins is much smaller. Selling off investment coins from less known mints could prove difficult. Read on to find out about all of the best gold coins to buy for investment.
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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.
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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