Gold Coins

Best Way to Buy Gold Coins

Gold coins are coins which are made out from most or entire of gold. These coins have been used by a lot of investors in the market for various kinds of transactions. They have been regarded as one of the best investments that the individual can have. The prices of gold are up to approximately fifteen percent in the economic turmoil of 2016 which makes this kind of metal as one among the strongest market performers of the year.

There are several ways of owning gold. The people who have interest in purchasing gold coins must be aware of the distinctive varied markets that exist. It is essential to have an idea about some important things before buying gold coins and these include the following:

• the various types of gold coins available
• the best kind of gold coin to purchase suiting your personal objectives
• the safe way of buying the correct gold coins

There are two basic kinds of gold coins namely the bullion coins and the numismatic coins or collector coins. The prices of the gold bullion coins are transparent. The investors are seeking for gold bullion coins reflecting the market value of gold which is referred to as the “spot” gold price. The numismatic coins are bought by the coin collectors most of the time and the value of the coins are subjective depending on several factors out of the gold spot price. These coins are the ones for collection that also have a price premium according to their conditions as well as rarity.

There are a lot of factors to consider when selecting the best gold coin for your investing objective and these include the location geographically, the vitality of privacy upon selling the gold coins to the dealers of gold, and the premiums particularly for both the buying and selling side. The gold bullion coins are indeed considered as the best option for the gold investors. Among the most known gold bullion coins include the American Gold Eagles which is followed by the Canadian Gold Maple Leafs.

Gold coins can be bought in various ways including purchasing them in online websites, buying them at local coin shops, or purchasing the gold coins directly from the banks. To safely buy gold coins, have consideration that gold coin dealers differ. The gold dealers that have the lowest price do not mean that they have the best option.

The investors must have diligence in understanding all of the costs that are involved in buying the gold coins. The expenses may add up so fast so it is a good idea to be aware of any possible hidden charges like commissions, insurance fees, cost of shipping, and many more. Regardless of which gold dealer you opt to utilize, be certain of the verification of the volume or complaints as well as the reputation of the company through the third party resources. Make sure to do business only with the trusted and reputable gold dealers who already have positive peer reviews. Before you buy the gold coins, have advance thinking as to how you will be selling your gold in the future at a good profit and what strategy you may consider to use.

Buy Gold Sovereigns

If you are wishing to make an investment in gold, then you should buy gold sovereigns. These coins are one of the most popular in the world and they have a ready buyer in almost any part in the world. The beauty and rarity of the coin is one of its most attractive characteristic which makes it one of the most valuable investments when it comes to gold. You can buy gold sovereigns in different weights which make it available for almost any type of investor who would like to buy them.

With the unreliability of paper money when it comes to storing and protecting your wealth, gold has become one of the most in-demand investments. Gold does not lose its value during economic depressions, do not experience any wear or tear, is not destroyed by fire, and increases in value over time and when it comes to gold investing, one can either buy them for their market demand and their economic value. Both can be obtained by buying gold sovereigns which is one of the more well-known gold coins in the world. They are popular in Britain, Australia, Africa, Greece, Canada, Serbia and Portugal. So with such a worldwide following, you would not find it hard to find a buyer who would be willing to pay more than the actual gold that it contains.

Gold sovereigns became popular during the reign of Henry Tudor. They were used as payments for shipments from the United States by the British monarch. On its first minting, the coin featured the monarch on one side and a rose with a shield on the other side. As time went on however, its features have changed into the now known image of St. George and the dragon with the British monarch on the other side. The coin was first made with 23 carats of gold hence making it one of the purest forms of gold coins known back then. Then it was changed and was lowered to 20 carats but in modern times, has been changed to 22 carats.

Most gold sovereigns were melted down in the United States during the Depression and so most of them which dates back to the 1800’s have become quite a collector’s item. The rarity of the coin has made it one of the most sought after gold coin although it is not classified as a numismatist coin. Buying a gold sovereign would therefore give you two advantages: a rare collector’s item as well as high quality gold content, being one of the purer types of gold coins.

If you are seeking to invest in gold, a gold sovereign would be one of the best assets that you can bring to your portfolio. They provide a high percentage of gold which is of high value in the market as well as give you an investment which would have a great demand in the future due to its beauty and rarity. You can buy gold sovereigns in varying denominations: five pounds, two pounds, one, half, and quarter coins.

1 oz Gold Coins

Most experts agree that 1 oz gold coins are the best types of investment when it comes to buying gold. Aside from the ease with which these coins can be stored, they also entail lesser expenses for the buyer. The characteristics of this type of coin make them one of the most sought after coin in the market in terms of investing. The one ounce coin has been the most popular in the Western hemisphere and has become a sort of standard when it comes to buying gold coins. Aside from that, you can easily know how much your coin is worth since the amount or price of gold at the market is usually expressed in terms of one troy ounce.

One ounce gold coins became a fad with the advent of the African Krugerrand. This coin, which was made from a lower karat of gold but has a weight of one ounce, became popular with investors since they are able to get a larger amount of gold at a lesser premium. Most of the coins that time were smaller in weight but could be bought at a higher price only due to the cost of production. With the lesser premiums came greater demand for the coinage which was produced by South Africa. Although this demand was checked by the temporary ban on the coin due to the apartheid system during that time, it nonetheless left its imprint in the international market for gold.

After this, other countries began developing their own one ounce gold coins – the Australian Kangaroo, the Canadian Maple Leaf, the Chinese Panda, the Austrian Philharmonic, and the American Eagles and the American Buffalo. Most of these coins are made from 24 karat gold exempting the American Eagle which has an alloy to make it sturdier against handling. Pure gold is very soft and is not good if handled too much or dropped. They are easily disfigured but with an alloy, it becomes more viable for storage.

Compared with other sizes, the one ounce coin is still considered to be the best when it comes to investing purposes. The smaller types of coinage have higher premiums than that of the one ounce coin since the cost of production is usually just the same but the gold content is lesser. Larger pieces such as ten-ounce and one-kilogram coins are just not that easily to transport and cannot be divided or split easily if you are in need of smaller quantities. Hence, these types of coins are usually produced at lesser quantities and are only bought for other purposes aside from investing.

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Aside from these reasons, it is also good if you can easily assess the value or worth of your gold at the current market price – which is expressed in one-ounce terms. When investing, information is definitely a good device. So if you can easily compute your investment’s worth – which is in one ounce coins – then it will be better for you. One ounce gold coins are definitely a better choice when thinking of investing your wealth in gold coins.

$7.4 Million Dollars Received For Gold Coin at Auction

In what was near the highest amount ever paid for a gold coin, a 1787 Gold Brasher Doubloon recently received $7.4 Million Dollars at Auction. The deal was brokered by precious metals company, Blanchard and Co. The identities of the seller and buyer were not revealed. However according to Blanchard and Co the gold coin was delivered via armored car to the buyer over the weekend.

The 1787 gold Brasher doubloon has been considered by some coin collectors to be the holy grail of all collectible gold coins. This coin in particular was minted by Ephraim Brasher, who was a popular goldsmith and neighbor of George Washington. The coin itself contains 26.66 grams of gold which is actually a little less than one ounce. This particular Brasher doubloon is highly sought after because it is the only one to have a distinctive hallmark punch on the eagles breast.

The only other coin to fetch more at auction was a 1933 $20 gold Double Eagle. This coin sold in 2002 four $7.5 million at auction. It is interesting to note that the Brasher doubloon that recently sold for $7.4 million last changed hands in 2004 for $3 million. Since these types of auctions are shrouded in secrecy we do not know much about the fees paid, or where the coin ends up. According to John Albanese, a consulting partner of Blanchard, and well-known coin appraiser, “there are only five or six individuals in the world with the interest in money to buy such a coin.”

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You can see a picture of the near record breaking gold doubloon and read more about the details of this auction at this link.

Gold Dinars

Gold dinars are now being suggested by the Malaysian government as a means of exchange in the Arab countries. Although a gold dinar has been used during the seventh century by Islamic rulers, the coin has since stopped circulation and minting due to the common wars and other political and economic problems that those rulers incurred during their reign. But now, the use of the gold dinar is being proposed as a way of either ending the dependence of the Islamic world in the gold of European and Western countries and also to take some control in the global economy.

It was in 2003 that the Malaysian Prime Minister proposed to create a gold dinar in order to boost the economy of the Arab countries and also to be a means of exchange for the trades that are done between Islamic nations. It will perhaps be a way of equalizing the differences between the various Arab currencies who in their own are experiencing some economic problems. So, with this in mind, the Arabs are now finding a way on how they can even out the problems that the Arab countries are now facing.

It is not yet known which country would be producing the gold dinars and what they would weigh exactly but if they will be used as a contender for the gold bullion coins that are now being used and circulated in the world, then they would probably be at about one ounce being a standard unit of measure for bullion coins. Aside from that, they may try to catch up with the purity of the Canadian Maple which is pure gold. If the coin will be produced in Malaysia, then it will probably have a face value based on the Malaysian currency which is the Ringgit. According to some sources, it might probably be about the same weight that was used by the earlier versions of gold dinars which is about .12 of an ounce.

If the idea will be carried out in the future, then the West will definitely have a tough competitor for the gold bullion market. Aside from the current leader, the Krugerrand, there will then be a lesser consumption from the Arab nations as they produce a gold coin of their own. Aside from the gold value of the coin, it will also even be used as a currency which will make it as a standard unit of trade in the Arab countries. There has been a push recently by some countries to stop dealing in the U.S dollar in exchange for buying and selling gold dinars in exchange for goods, and commodities.

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If this will be the end result of the production of Arab gold dinars, then there will definitely be a change in the world economy in the future. Since the price of gold is usually dictated by demand, then a lessening of the amount purchased will produce a significant effect on the price of gold in the international market. Although this might mean some possible disaster for some, it may a great boost for the failing Arab economy in the future. Aside from that, it will give them a type of identity in the area of gold coins.