What kind of gold coins to buy is the kind of question that can only be answered if you know the main reason you are buying gold coins. If your main reason for buying gold coins is to protect your wealth and not to collect rear or numismatic coins, I have some tips and suggestions for you. When wealth preservation from inflation is your main gold it is recommended to stick to gold bullion. It is also recommended to buy gold bullion coins that are minted in, or if not a close by country that you intend to liquidate. Bullion coins are coins that are usually a little above spot price (if they are one troy ounce coins). The reason they are above spot price is because of the cost of manufacturing the coin. Bullion coins will always have the amount of gold it contains stated on it. It is also recommended that you stay away from proof coins. The reason for this is proof coins are considered collectibles and will have a higher mark up than its generic counterpart. Proof coins are coins that are struck with specially treated dies and will have a more polish mirror like finish.
Here is a list of bullion coins, the country of origin and the purity of the coin. These are the only coins that I know to be considered as bullion coins, so if you’re looking to buy a coin that is not on the list chances is it’s not considered as a bullion coin.
South African Krugerrand, 22 karat, pure .9167
Canadian Gold Maple Leaf, 24 karat, pure .999
American Gold Eagle, 22 karat, pure .9167
American Buffalo, 24 karat, pure .9999
Mexican Gold Libertad, 24 karat, pure .999
Austrian Vienna Philharmonic, 24 karat, pure .999
Australian Nugget Kangaroo, 24 karat, pure .999
2 comments:
A very good point. You need to know the reason to know the answer. If you buy or sell coins, you really need to consider your reasons before you will succeed in your business.
I found that site very usefull and this survey is very cirious, I ' ve never seen a blog that demand a survey for this actions, very curious... how to sell gold bullion
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