Investing in Gold Coins
Sell Price Metal
Gold coins are available in four sizes, a popular way for investors and collectors to add the beauty and timeless value of pure, unaltered gold to their portfolio. Unlike gold bars, which have more of a bullion investment appeal, gold coins also carry an intrinsic collectible value that is based on their unique design and history.
Because they are portable, non-perishable, and very difficult to counterfeit, gold coins have held a special place in the hearts of people throughout the world for thousands of years. They are also a trusted store of value that can be easily sold or traded to other owners, helping you diversify your investment portfolio and safeguard your wealth against financial uncertainty. Julius Caesar even gave 200 gold coins – worth 27 years’ pay – to each of his veteran legionnaires to celebrate their victory in the Gallic War!
Choosing the right gold coin for your investment strategy can be tricky. It is important to stick with highly recognized and liquid coins that have a strong market. This means avoiding rare or illiquid coins that have a small audience of collectors or investors. The American Eagle and Chinese Panda are two examples of widely recognized and liquid gold coins.
Gold bullion coins are an excellent choice for any investment portfolio, and come in a variety of sizes. The most common is the one-ounce bullion coin, which is similar to a half dollar or dime. You can also find fractional-sized gold coins, such as the 1/10 ounce coin that is popular in Europe and Asia.
The premium that a gold coin can be worth over its basic metal value is determined by many factors. These can include the quality of the coin, such as whether it is produced to a higher standard as a Proof or Brilliant Uncirculated coin. Collectors will often choose these types of coins because they offer a high level of detail and are limited in mintage numbers. They can also be commemorative coins, or have a design that is associated with a particular event or person.
When deciding to buy gold coins, it is essential to work with a reputable dealer that has an impeccable reputation and an easy-to-use website. Avoid shady dealers that use misleading marketing or try to pressure you into buying their overpriced coins. A reputable dealer will always be transparent with their prices and have an easy-to-use product page that displays current buy and sell pricing.
Where to buy gold coins
You can purchase gold coins from online precious metals dealers, or from local coin and bullion stores. These dealers typically have a good selection and a competitive price. However, they may not have the same level of attentive customer service that you would expect from an online dealer. You can also purchase gold coins at coin shows, but they should be viewed as a riskier option because they are more likely to feature illiquid collectible coins and may charge high premiums over the spot price of gold.