September 16, 2020 (Investorideas.com Newswire) The spot price of gold has a tendency of going up when many other types of investment go down in price. It is a gift that keeps giving.
With money viewed as temporary and the fall of fiat currencies, one might want to consider investing their hard-earned money into more tangible, precious metal assets.
There are many forms of gold bullion items, but most seasoned investors will tell you to go for coins.
Why?
Not only are they one of the most liquid forms of gold, which gives them excellent resale potential, but they can also hold a certain numismatic value and almost all carry an official legal tender value.
With so many gold coins available out there, one can't help but feel a little bit flustered and overwhelmed.
Not to mention how many of them are beautiful and feature dazzling designs. But you need to take more into consideration that purely the aesthetic aspect.
So, where to begin? Which coins to choose?
Here are the five most popular and globally best-selling gold coins.
#1 - American Gold Eagle
The American Gold Eagle is one of the most popular coins among investors and collectors, especially in the US.
The United States Mint first introduced it in 1986. Since then, it has been produced exclusively from the native US mined gold.
As an official sovereign gold coin of the United States, it has a face value of $50. Of course, no one in their right mind won't buy them for their legal tender value, but for the 22k gold content and favorable status amongst investors. The coin is 22k so that leaves some people with the impression that the coin, not being pure, has less gold than its pure gold coin counterparts. That is not the case.
The American Gold Eagle does indeed contain 1 troy ounce of fine gold. The US Mint adds a little copper and silver to the mix to make the coin much more durable and scratch resistant. So if you put the Gold Eagle on a scale, it actually weighs about 1.091 troy ounces.
Augustus Saint-Gaudens designed Lady Liberty on the obverse. On the reverse, there is an eagle carrying an olive branch to the nest.
#2 - American Gold Buffalo
The Gold Buffalo was the first US Mint coin to feature 24-carat gold, that is, with the gold content of .9999 fineness.
Its design has a rich and enticing story behind it.
James Earle Fraser got the inspiration from his own life in the American Plains. He used the profile of an American Indian for one side, and a bison named Black Diamond from New York City's Central Park Zoo for the other. The profile of the American Indian was not of just one person, but rather a compilation of three Native American tribal chiefs.
Hence, its authentic historical value and symbolism, along with the pure gold, make it a worthy gold asset. The proof version of the American Gold Buffalo is probably one of the most beautiful coins, in my opinion, in the world. The ultra cameo finish of the back ground with the matte finish of the Indian and the Bison make the design "pop" out of the coin. It looks even better on the gold coin than it did on the original "Buffalo Nickel" design that was used in the early 1900s.
#3 - Canadian Maple Leaf
Hands down, the most sought after coin is the Canadian Gold Maple Leaf from the Royal Canadian Mint. Its demand is so high that you could probably sell it over the price you bought it for on the same day. Well, that is an exaggeration, but you get my point. Its popularity is not likely to change in the foreseeable future.
This coin was introduced in 1979, when investors had just one coin option for investing (the Krugerrand). The Royal Canadian Mint took the opportunity and introduced the coin as the second-ever aimed strictly at private investors. And the RCM took a different approach, making the Gold Maple the first major sovereign mint coin to be produced as pure gold.
The obverse of the Canadian Maple Leaf shows the right profile of Queen Elizabeth II (with varying effigies during the course of years). The reverse shows a beautiful depiction of the sugar maple leaf, a Canadian national symbol.
#4 - South African Krugerrand
The Krugerrand was first produced in 1967 by South African Mint and Rand Refinery.
It became popular right off the bat, as it was the only option for private investors at the time. It hasn't lost its significance to this day. An interesting fact is that this is the only gold coin that has no face value, yet the South African Bank recognizes it as legal tender.
The coin features former South African president Paul Kruger on the obverse, and springbok antelope, South Africa's national animal, on the reverse.
#5 - Chinese Gold Panda
The Chinese Gold Panda coin is certainly an appealing way to invest in the highest quality gold bullion available from the People's Republic of China.
First minted in 1982, the obverse side of the coins depicts the Temple of Heaven.
Here's the iconic thing about this coin: the reverse side changes annually. Every year, there is a new design of the Giant Panda.
Due to the frequent change in its stunning design and low mintage, some Gold Panda editions, such as the one from 2001, became quite popular. The 1982 version, the first year also can carry a significant amount of numismatic value above the gold value. In 2016, the Chinese mint changed the weights it produces of the Gold Panda to 30 grams instead of 1 oz. This was to accommodate the domestic demand for metric sizes v the European tradition.
Where to Get Gold Coins?
Now you're familiar with some of the top gold coins on the market to make a lucrative investment.
Any of them is a good starting point. As you grow as an investor, you will diversify your bullion portfolio and might even own each one of them.
Okay, but where to get gold coins?
The best option for buying gold coins are authorized precious metal dealers.
They hold high ethical standards and have a reputation among traders in coins. By obtaining gold coins directly from the most creditable sovereign mints in the world, gold bullion dealers guarantee you the authenticity of a gold coin. Be sure that your dealer can show you in person how they test gold coins (non-destructively, of course) to validate that the coin is genuine and actually made of gold!
Author Bio: Dan Barett is an avid specialist in investments who works at Pacific Precious Metals, where he helps people diversify their investment portfolio.
LinkedIn: https://www.linkedin.com/in/dan-barrett-658ba4b/
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