Buy Gold Info

1 oz Gold Coins

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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.

Gold Buffalo Coin

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The American Buffalo gold coin is one of the purest types of gold coins in the world today. Having a purity of .9999, it ranks with the Canadian Maple Leaf as one of the most beautiful gold coins in a collection. It has a face value of fifty dollars while the gold content amounts to more than a thousand dollars depending on the prevailing price of gold in the market. It weighs for one ounce and hence makes a perfect coin for investing also. It was issued by the US Mint in order to produce a gold coin that will have the highest karat as a gold coin.

The coin has a diameter of 32.7 mm and its thickness is 2.946 mm. It has the design of the native American Indian and the buffalo at its reverse side. The pricing of this coin depends upon the current spot price of gold in the market which reaches to about $1,600 today plus the premiums that will be added to it. Finding this would be very easy as the internet now produces the current gold price in real time and also you can find the current selling prices from those who are dealing with selling gold coins.

The design of the coin was based on the history of the United States and the most prevalent themes in the past.  The person commissioned to do the job was James Fraser who is one of the best sculptors during that period. The design became so popular that it was used for the bullion coin and the proof silver coins on the past 2001 minting issue. There are several Indians who actually posed for the sculptor in order to serve as models for the Indian head.

The buffalo coin contains 24 Karat gold in one ounce. It was the first type of coin to be issued by the United States Mint having the highest type of gold purity.  The design however was based on the 1913 nickel which featured the buffalo and was henceforth known as the buffalo coin. It was supposed to enable buyers of gold coin to have an investment in .9999 pure gold in their keeping. The first coins to be issued were made during 2006 and has since marked the beginning of the manufacturing of high gold quality coins in the United States Mint. Although the value of the coin itself is already great, one can still appreciate the worth of the design that is contained in it. It is, in a way, a good method of presenting the rich history behind the making of the United States as a nation.  You can learn more about purchasing the coin directly from the U.S Mint here.

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The minting of the coin was temporarily stopped on 2008 due to the subsequent crash of the economic market.  The coin however is still considered to be one of the best coins to have in one’s collection. It has been dubbed as “American Buffalos” or the “Buffalo Gold” as it has now been more commonly known due to its design.

Gold Coins as an Investment

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Have you ever considered purchasing gold coins as a long-term investment strategy? People usually think that buying gold coins is one expensive hobby that is only for those who are foolish enough to spend their money on such things. However, what they do not know is that gold coins can also be a secure form of investment which will surely be worth their purchase price today and for years to come.  Gold coins not only have that precious metal content which determines its value, its designs also is one which will make it worth more than double its price in the future. So it’s not a bad investment after all.

There are various minting stations in the world which produces these gold coins. But the most trusted of them would be those which are owned by their respective governments. They produce only hundreds of such coins since it is not supposed to be used for circulation and neither is there such a great demand for it as those of the circulated coins.

What determines a coins value is the karat of the coin or the parts of gold per thousand and the weight of that gold that is actually contained in it. There are several coins which are made from 999.9 percent gold which is considered to be the highest type of gold karat. Others are made from 997 or 995 percent gold which commands a lower price than that of the purer forms. Gold coin weights come in ounce, half-ounce, quarter of an ounce and one-tenth of an ounce which makes it pretty easy for one to determine its price unlike that of gold jewelries which have varying gold weights. Coins are made in these standard forms through the different countries in the world.

The amount of gold or its percentage in a gold coin will also be a valuable asset since the purer the gold the higher is its price in the gold market. Gold coins can be in 24 karat, 22 or 20 karats. Some of the purer coins are the Canadian Maple Leaf and the American Buffalo coins which are made from 999.9 percent gold. They are much more malleable than the other coins but since they were not made to be manually handled, that should not be a problem. There is also the Austrian Philharmonic which is also 999.9 gold. The South African Krugerrand and the some Australian coins are made from 995 gold which is a bit cheaper than the former purer types of coins. A popular gold coin with less gold content is the 2011 Proof Gold Eagle. This coin has a composition of 91.67% gold, 3% silver, and 5.33% copper. The 2011 Gold Eagle coin began being produced at the U.S mint in April 21, 2011.

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The design of a coin and its rarity will also help increase its value in the market. Those which are produced in limited quantities will command a higher price than the more common bullion coins which are mainly for investment purposes. The less of it that was produced, the higher would be its selling price for the collectors who value them.

The value of gold has been continuously on the rise for the past decade and the record for the past 50 years has shown that it will be one of the most important investments that will continue to improve its value as time goes by.