What are the Best Gold Coins to Invest In?
Finding the perfect gold coin to invest in may be too complicated. Investing in gold coins is a better decision, as a coin represents the correct weight and metal integrity. A gold coin, once again, has a face value in addition to its melt value as precious metals.
The face value of the coin constitutes its primary value, and the remainder of the price tag is added to the metal or gold value. Your geographical location, as well as your finances and, of course, your preferences, will determine whichever coin is appropriate for you.
You may use your money to invest in coins in many ways. You can pay for collectibles by obtaining coins for your collection, subject to capital gains tax.
And investing in coins through a gold IRA or precious metals IRA is a tax-deferred option to invest in gold or other precious metals. Gold coins are valued in their way, and the price varies across time based on the mint and date.
We’ve also published a full list of IRA approved precious metals. Any of these metals will suffice for investing (completely legal and actually a huge tax advantage, not to mention a serious hedge against inflation when you rollover your IRA to gold.)
The top way to safeguard your retirement is to open a precious metals IRA. Check out the below providers and request a free kit.
Company | Personal Findings | Review | Free Guide | |
 | #1 Goldco | Best Overall Rating (Where I Invested) | ||
 | #2 American Hartford Gold | Best Buyback Program | ||
 | #3 Augusta Precious Metals | Most Educational ($50,000 Minimum) | ||
 | #4 Noble Gold | Best Metals Selection |
What Will I Learn?
How are Gold Coins Valued?
Why are the values of gold coins of the same size relatively different? So, the answer is a little twisted, and for our sake, we can pretend it’s also a little complicated. Several factors influence the price of a gold coin. Even though two distinct coins seem and weigh the same, they will vary when you buy them.
First, let’s go through the different varieties of coins. This will be the first to establish the value of a coin. Both circulated and uncirculated, bullion gold coins are the most common forms of coins on the market.
Most gold investors would choose any of these, and bullion coins are mostly utilized for investment since they contain the bulk of gold and impact the current gold rate.
The second item on the list is coin size. It is pretty clear that the more the weight, the higher the price. As a result, a coin weighing 1 ounce, or 28.8 grams of gold, will cost more than a coin weighing 1/5 ounces, or 5.7 grams of gold.
Coin grade is another aspect related to the different sorts of gold bullions. Not every gold coin is graded or certified—however, the higher the grading, the better the quality of the gold coin. You’ll get a properly made coin with exquisite finishing and construction with the grade 70. The coin’s grade is examined while selling and purchasing gold coins and is an essential determinant in the gold rate.
If you are going to buy gold coins, we recommend buying them from top-rated gold coin producers. This will very certainly affect the price at which your currency sells. A well-known organization featured on famous sites with the greatest rating will get you a good rate while investing.
Type of Gold Coin
As previously said, the price of gold coins varies according to the type of coin. We have included several different coins for you to pick from. Gold coins come at different prices and can undoubtedly help you diversify your portfolio.
Gold Bullion Coins
Gold bullion coin features a bulk rate investing plan. Bullion coins are mostly exchanged as investments, generally for the gold rate and face value. Silver and platinum bullion coins can also be traded. Gold bullion is available in quantities ranging from 1/10 ounce to 1 ounce. These coins are plastic-sealed and have a matte finish. What is a 1 oz gold coin worth? For bullion, it’ll depend on the spot price of gold.
It will be a statement of their affluence, representing it to the world for a spectacle. As a result, the worth of a jewel will be determined by its artistry as much as its gold value. However, as we approach the twenty-first century, most individuals invest in gold to secure and diversify their investment portfolios. This is when coins come in handy.
Gold coins are traded based on the current market value of gold. The coin condition is unimportant in this case since the melt values are considerably more relevant. The Gold Eagle and American Buffalo are two gold coins minted in the United States, and the Royal Mint of Canada minted the Canadian Maple Leaf.
Gold Proof Coins
The proof of gold coins to buy mainly denotes the finish and manner of production of the piece. The majority of gold-proof coins have mirror-like finishes, and the details on the coin determine the piece’s value.
Though proof coins’ quality and availability are still considered, not every proof coin is graded or certified. However, unlike bullion coins, the value of proof coins is not affected by the spot price of gold. Producing proof coins is time-consuming, and a mint can only produce 50 proof coins per hour with such standards.
Gold Uncirculated Coins
The term “gold uncirculated coin” can be interpreted in various ways. These coins are not frequently circulated and, as a result, are difficult to find. These coins exhibit no wear on their surface in this location. The uncirculated coins were likely struck for a purpose other than the general public. Alternatively, if the coin had a grade of 60 or higher, it might be an uncirculated coin. At this time, you should also think about how a coin is constructed.
Graded Gold Coins
The grading of a coin indicates the overall condition of the coin. The coin’s grade can range from bad to excellent uncirculated. The highest was in excellent condition. And the majority of gold coins fall somewhere in between these two categories. If a coin is properly stored, it is said to be minted, and if the grade is 60 or higher, it is an uncirculated or nearly uncirculated coin.
Certified Gold Coins
These coins are verified by a third party, such as the Professional Coin Grading Service (PCGS). These gold coins are graded based on their condition and are often assigned a 1 to 70 rating. The weight of gold is important, but the condition is the most important element. The majority of these coins are encapsulated and sealed in tamper-resistant slabs.
The Best Gold Coin to Buy in 2022
According to the World Gold Council, the production of coins has quadrupled since the 1970s. As a result, the market’s expansion has shifted gold investors’ perceptions. People, for example, would undoubtedly invest in gold, but only in the form of jewelry.
Gold coins with a grade and rating are not only the purest type of gold, but they are also ideal for safekeeping. These coins are also more suitable for retirement funds. Even though the yearly trade of coins has doubled, the price of gold, in general, has not.
There are so many possibilities on the market that you must select the ideal one for you as an investment. So, we’ve prepared a list of the best ten gold coins to buy.
Gold Canadian Maple Leaf Coin
The Royal Canadian Mint issues the Canadian Gold Maple Leaf Coin every year. This is the official top gold coin minted by the Canadian government, and it is the legal tender value of 50 Canadian dollars. The Maple Leaf Coin is often regarded as gold bullion, and it has a millesimal quality of 99.99 percent. First and only gold bullion coin to hold such high prestige from the Royal Canadian Mint.
The coin was initially issued in 1979, and the standard size is one troy ounce or 31.10 grams in total. The 79-year-old Queen Elizabeth II is shown as the Queen of Canada on the coin’s obverse side, while the Canadian Maple leaf is depicted as the country’s national symbol on the reverse side. This coin is regarded as one of the world’s purest official bullion coins.
Sizes: 1 gran, 1/25 ounces, 1/20 ounces, 1/10 ounces, ¼ ounces, ½ ounces.
British Britannia Gold Coin
The Royal Mint initially issued the gold Britannia coin in 1987. The coin is also available in silver and platinum. One troy ounce of British Britannia had a face value of one hundred pounds.
If we look at the former mintage of gold Britannia from 1987 to 2012, the fine gold coins were 22 karats and made with copper alloys. In 2013, the first 24 karats British Britannia was created with 99.99 percent fine gold.
This coin may be purchased for as little as $40 as physical gold, and it is also available in proof versions and sets. The legal tender value of these coins varies according to their weight.
Sizes: 5 ounces, 1 ounce, ½ounce, ¼ ounce, 1/10-ounce, 1/20 ounce.
British Sovereign Gold Coin
The Royal Mint of the United Kingdom produced these fine gold coins to buy, among the oldest on our list. The coin was originally issued in 1817, during the reign of King George III. The British Sovereign was well-known and sold worldwide as a symbol of the growth of the British Empire during the Victorian era.
This denomination is popular among collectors, and the reverse side of the coin frequently portrays the current British Monarch. Saint George and the Dragon are shown on the backside.
Sizes: 1 troy ounce.
Gold Australian Kangaroo
The Perth Mint designed the Kangaroo series of best gold coins to symbolize the power of Australia. The Kangaroo’s design changes every year, making it a well-known collection piece. The Gold Kangaroo coin is constructed of 99.99 percent fine gold and has a markup value of 100 Australian dollars.
These fine gold coins, known as Australian gold Nuggets by Perth Mint, were initially struck in 2011, making an excellent statement for Perth Mints’ parent firm. This currency was the world’s first gold bullion coin as a one-ton gold coin, and it was the first one to be produced. The coin’s reverse side depicts Queen Elizabeth II as the Commonwealth’s Monarch.
Sizes: 1/20 ounces, 1/10 ounces, ½ ounces, 1 ounce, 2 ounces, 10 ounces, 1 kilogram.
Gold Philharmonic Coin
The Austrian mint initially manufactured the Austrian Philharmonic Gold coins coin in 1989, and it was rated one of the best-selling gold coins in 1992. On the observe side, the coin depicts the Vienna Philharmonic Orchestra, an Austrian treasure. On the reverse side, the Great Organ, located in Vienna’s concert hall, and other instruments.
The Gold Philharmonic Coins is 99.99 percent pure gold and is generally accepted for gold investments in the United States and Europe. Some consider the Philharmonic coin by Austrian mint to be more detailed and beautiful than the Gold Maple Leaf Coin. This coin has a reasonable price and is well-known for its limited mintage as an iconic gold coin.
Sizes: 1/25 ounces, 1/10 ounces, ¼ ounces, 1 ounce, and 10 ounces.
Gold South African Krugerrand
This was the world’s first bullion coin and the purest gold coin ever minted. It’s also one of the most reasonably priced best gold coins. The South African Gold coin was initially struck in 1967 and has gone through various revisions. The coin is made up of 0.9167 pure gold and copper alloys.
The coin is embellished with wealth and prestige and was initially struck with the intention of trading with South African Gold Coins. Krugerrand coins, weighing 1.1 ounces or one troy ounce, are famed for their antelope design. Paul Kruger, South Africa’s first president, is shown on the observe side.
Sizes: 1/50 ounces, 1/10 ounce, ¼ ounce, ½ ounce, 1 ounce, 1.85 ounces, and 2 ounces.
American Gold Eagle
The American Gold Eagle gold bullion coin was issued in 1986 and has been in high demand. Augustus Saint-Gaudens created the coins, which are universally acknowledged.
This American Gold Eagle was simply referred to as American currency. Lady Liberty is shown on the gold bullion coins observe side, where she stands in all her splendor. The opposite side of the gold Eagles depicts a soaring eagle and its family, which signifies America’s power.
Outside of the United States, the American Gold Eagle is most well-known in the United States and Hong Kong, and Singapore. The American Gold Eagle coin carries 22 and 24-karat gold. The product contains silver and copper in addition to the 0.9167 pure gold.
As more alloy is added to the American eagle coins, it becomes more robust and easier to exchange. If you’re thinking of investing in gold or precious metals individual retirement accounts, then the American Eagle will be your perfect choice.
Sizes: 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce.
American Gold Buffalo Coin
The Buffalo Nickel was the first currency struck by the US Mint in 1913. James Earle Fraser formerly created the currency with a picture of a Native Chief on one side and the glorious American Buffalo on the other.
This gold Buffalo Coin outperforms the American Eagle in terms of performance. The coin has a legal tender for a markup value of $50.
The coin’s thickness varies, although it is usually half a milometer. The coin is supposed to be complete with a Canadian gold maple leaf and is available in various sizes as an original bullion coin.
Sizes: 1/10 ounces, ¼ ounces, ½ ounces, 1 ounce, and 20 ounces.
Chinese Panda Gold Coin
The Chinese Gold Panda Currency was the first coin issued by the Chinese government and is sometimes regarded as the third most popular gold coin, after the American Gold Eagle Coin and Canada’s gold Maple Leaf by the Royal Canadian Mint.
The China Gold Panda features a changeable picture of the Chinese Panda, while the reverse side depicts the Temple of Heaven.
The Panda is China’s national animal, and the Chinese Gold Panda has limited mintage compared to other bullion coins. The coin was created in 1982 and comprises 99.99 percent pure gold. The low mintage is due to the coin’s exceptional artistry and design. Beijing, Shenzhen, Shenyang, and Shanghai mint the Chinese Panda.
Sizes: 1/20 ounces, 1/10 ounces, ¼ ounces, ½ ounces, 1 ounce, 5 ounces, 12 ounces, 1 gram, 8 grams, 15 grams, 100 grams, and 1 kilogram.
French Rooster Gold Coin
The 20-franc Roosters are one of Europe’s oldest and purest gold coins, first produced in 1899. The coin’s obverse side depicts the Goddess Marianne, while the reverse depicts the Gallic Rooster, France’s unofficial symbol. Monnaie de Paris manufactured the piece.
The coin is about the size comparison near American nickel and contains 0.187 ounces of gold. With a face value of 20, this coin was struck long ago and is traded alongside British Sovereign coins. These coins are old, and the little premiums on them are well-known.
Sizes: 5.8 grams.
What Size of Coin Would be Better?
We recommend purchasing a 1-ounce gold coin rather than fractional quantities because they are significantly less expensive. Furthermore, the most popular coins in the world do not have fractional sizes.
On the other hand, premiums for fractional coin sizes grow by more than one ounce. So, pick anything inside your price range. And what is the best 1 oz gold coin to buy? You can choose from the options we mentioned above.
Conclusion
It’s always thrilling for coin collectors to come across a new coin now and again. However, it is also crucial to remember that you must select a coin that will retain its original gold prices when sold while investing.
Also, before acquiring a coin, make sure you complete your homework. It is not just about the coin’s price but also its condition and grade. However, if you are going to liquidate the coins, you should go for something that is 99.99% pure.
We’ve compiled a list of the world’s most popular gold bullion coins for you to pick from. So, choose wisely, paying attention to the weight and purity and the grading, certifications, and circulation of these coins.
About Arthur Karter
Hi, I’m Arthur, and nobody wants to wake up in their 50s like me that they are in serious debt with minimal assets. This wake-up call forced me to reevaluate everything. After going through the school of Hard Knocks, I’m ready to help you by sharing the best retirement choices and how they differ from all the same-old, same-old options that financial advisors sell. These alternatives will help you build and protect your wealth.
