If you are looking to diversify your portfolio or make some investments in physical assets, gold coins can be an excellent investment. In 2021 alone, the US Mint sold more than 1,000,000 ounces gold coins. This is a significant increase from previous years.
You should consider buying gold coins now, even though you may not know which type of coins you should buy. For a complete guide to gold coins, and advice on which gold coins are best to buy, read on!
Bullion vs. Numismatic Coins
First, you must understand the differences between bullion and “numismatic” coins. These categories include both gold coins and silver coins. There are some key differences.
Bullion coins are produced by different national governments. They generally contain 1 ounce pure precious metal. These coins can be made from silver, gold, or even platinum and palladium. These bullion coins are beautiful, but they often have a lower value than their intrinsic metal value.
Numismatic coins refer to coins with more value than their “melt value” (or inherent metal value). These coins may be old or rare and are usually issued for circulation just like pennies and quarters.
Sometimes it is difficult for new buyers of these coins to distinguish the differences. People will tell you that a bullion coins is more valuable because it looks like a more valuable numismatic coin. But don’t let them fool you!
It is important to recall that the last US gold coins in circulation were issued in 1933, during the Great Depression. The same happened in other countries around the world, with some minor exceptions.
A bullion coin may also have words such as “1 oz” or “.9999” or something similar. This indicates that the coin is pure gold bullion. It was not intended for regular circulation.
There are many benefits to buying bullion and gold numismatic bullion coin, but we recommend you stick with bullion. This is especially true for those who are just beginning to collect coins and don’t have a lot of knowledge about numismatics.
These are the Best Gold Coins You Can Buy
There are many kinds of gold coins available on the market. However, we recommend that investors only focus on one type. The gold bullion coin is the most popular type of gold coin. While numismatic coins are more popular than older coins, it can be difficult to ensure that you’re making the most of your investment.
There are many excellent gold bullion coins available from different countries. These coins have very little in common. They are often distinguished by the beautiful coin designs and any sociopolitical events that occurred in the country.
Investors love the American Gold Eagle, which has also become a standard among gold buyers. These coins are produced by the US Mint every year in various sizes including 1 oz 1/2 oz and 1/10 oz.
The Canadian Maple Leaf is another option. This beautiful coin, widely regarded as the finest gold coin in the world has been a staple for investors and collectors for many decades.
The South African Krugerrand bullion coin is a great choice. These coins were the first gold bullion coins and became an integral part of the global gold market. Despite being restricted in their sale due to apartheid history, they have been reintroduced to the market over recent years.
There are many other bullion coins that you can choose from. These include the Australian Kangaroo, the British Britannia and the Mexican Libertad. You can either choose to purchase only one type of these coins or you could try to get all of them!
Where can I buy gold coins
Many people are curious about where to purchase gold coins. There are many ways to get them. Each has its own advantages and drawbacks so choose the one that suits you best.
You can also go to your local coin shop (LCS), and speak with the owner about buying gold coins. You will find a lot of information about coins and it is nice to speak with someone in person. These coin shops often sell more numismatic coins than bullion coins and often have higher markups with smaller inventories.
Coin shows are also an option. These events are great for meeting other coin collectors and dealers and finding great deals. You’ll have to navigate through a lot of poor deals and will need to have the knowledge to find what you want.
A dedicated precious metals dealer is the best resource for many buyers. They are often able to supply gold, silver and other metals to customers as quickly and efficiently as possible. You may be able talk to them if you live near one of these centers and plan your investment strategy in gold coins.
You can order precious metal coins online or by phone and have them delivered to your home. This is a popular option for people all over the globe, especially if they live far from an actual store that stocks what they need.
Avoid these Dangers
You might end up paying more for security and investments than you want, even if you are dealing with legitimate precious metals companies. How can you avoid this?
CMI Gold & Silver is a great way to save money. Although they require a minimum order to purchase precious metals, they can save serious investors a lot by selling bulk.
Also, avoid buying with emotions. Many coin dealers will use fear and greed to sell coins at a high markup to make money. Don’t fall for the hype!
It is also a good idea to research the exact value of any coins you are buying. If you are dealing with numismatic coins it is important to know that even small details like the date and condition can have a significant impact on their price.
Learn more about buying gold coins
You now know some of the best gold coins you can buy, and how to purchase them. It’s time to get started investing! Don’t wait for the prices to rise before investing in gold.
Don’t be discouraged if you aren’t sure where to begin or want to learn more.
If you have any questions or concerns regarding precious metals, please feel free to contact our team. We are happy to assist you and ensure that you feel confident about all your investment options.
Your Asset Guide to the Top Gold Coins to Buy CMI Gold & Silver.
