Buy Gold Coins 

Ever wondered why gold has been treasured as wealth for centuries? It’s not just because it’s shiny and beautiful. Gold is a timeless investment, offering a safe haven against inflation and economic uncertainty. Gold bullion possesses an intrinsic value that transcends borders, currencies and financial turbulence. Ready to discover how physical gold can help you fortify your investment portfolio? It’s time to consider buying gold bullion.

Short Summary

• Invest in gold coins as a safe haven for wealth preservation, portfolio diversification and hedging against financial upheaval.
• Choose items from well known government mints such as the American Gold Eagle or Canadian Gold Maple Leaf to ensure purity, weight and content.
• Securely store your gold coins at home or at a private depository.

Understanding How to Buy Gold Coins as an Investment

In today’s economic climate, gold bullion is becoming an increasingly popular investment. So it’s more important than ever to understand the ins and outs of how to buy gold.

In this article, we’ll address everything you need to know to buy gold bullion safely. We’ll cover the many advantages of owning a gold investment. What types of gold bullion coins to buy. Where to buy them from. And how to not get ripped off. Within the next few minutes, you’ll understand everything you need to know to successfully buy gold like a pro.

The Many Reasons to Invest in Gold Coins

Why should you consider gold coins as a cornerstone of your portfolio? Below are a few of the most compelling reasons.

• Gold is money and has been for thousands of years.
• Gold is tangible. You can hold it in your hands.
• Gold is portable. You can easily transport it.
• Gold is liquid. You can sell it anywhere on the planet.
• Gold has always had value. It’s never been worthless.
• You can own gold outright. There is no counterparty risk.
• Gold is a private, confidential asset.
• Gold is a long-term store of value, unlike currency.
• Gold is easy and cheap to store.
• Gold tends to perform well when traditional financial markets don’t.
• Gold will protect your assets during a crisis.
• The price of gold is on the rise.

Best Type of Gold Bullion Coins to Buy

There are many different coins on the gold market but only two main categories: gold bullion coins or coins with collectible value (numismatic).

Gold bullion coins are minted from sovereign or government mints. Sovereign meaning that they’re guaranteed by the federal governments that minted them. They’ll also be considered legal tender and have a face value. Bullion coins will have a fixed weight and fineness of the metal.

Private mints manufacture non-sovereign items such as gold rounds and gold bars.

Rare coins that have collectible value were typically minted prior to 1933. Unlike gold bullion coins, their value is derived from the coin’s condition and how rare it is. Because of that, they tend to fetch a higher price than their gold bullion counterparts. Collectible coins also tend to not move up and down dollar for dollar with the price of gold. They are not considered legal tender.

The most widely traded gold bullion products include the American Gold Eagle, Canadian Gold Maple Leaf, Australian Gold Kangaroo, Austrian Gold Philharmonic, British Gold Britannia and South African Krugerrand. They are all struck by government mints and have a purity, weight and gold content guarantee per troy ounce. Recognized worldwide, they’re highly liquid assets that can be easily traded. Gold bullion coins will move up and down dollar for dollar with the price of gold.

American Gold Eagle

The American Gold Eagle, minted by the United States Mint, was first released in 1986. Gold Eagles are one of the most popular bullion coins in the world. They have a face value of $50 and are available in sizes ranging from 1 oz to ½ oz, ¼ oz and 1/10 oz.

Its obverse features an image of Lady Liberty, and a family of eagles on its reverse. Gold Eagles are an excellent choice for investors seeking to strengthen their portfolios with gold bullion.

Canadian Gold Maple Leaf

The Canadian Gold Maple Leaf, minted by the Royal Canadian Mint, was first released in 1979. The Gold Maple Leaf is one of the purest gold bullion coins available at .9999 pure. Maple Leafs have a face value of $50 and are available in sizes ranging from 1 oz to ½ oz, ¼ oz 1/10 oz and 1/20 oz.

The front of the coin features a profile of Queen Elizabeth II. Its reverse side displays the national symbol of Canada, the maple leaf. For investors seeking a gold coin with global recognition but typically a bit cheaper than Eagles, the Canadian Gold Maple Leaf is an excellent choice.

Australian Gold Kangaroo

The Australian Gold Kangaroo, minted by the Perth Mint, was first introduced in 1987. This gold bullion coin is known for its .9999 purity and its unique kangaroo design. Gold Kangaroos have a face value of $100 and are available in 1 oz, ½ oz, ¼ oz 1/10 oz and 1/20 oz denominations.

The front of the coin features a profile of Queen Elizabeth II. Its reverse features the iconic Kangaroo in its natural habitat. The Australian Kangaroo is a valuable addition to any diversified investment portfolio.

Austrian Gold Philharmonic

The Austrian Gold Philharmonic, minted by the Austrian mint, was first introduced in 1989. This popular gold coin is known for its unique design and its .9999 purity. The Gold Philharmonic has a face value of 100 Euros and is available in 1 oz, ½ oz, ¼ oz 1/10 oz and 1/25 oz denominations.

The front of the coin features the Great Pipe Organ of the Golden Concert Hall. The reverse features a variety of orchestral instruments that pay tribute to the Vienna Philharmonic Orchestra. Investors seeking a cost-effective gold coin with a unique design and superior quality should certainly consider the Austrian Gold Philharmonic.

British Gold Britannia

The British Gold Britannia, not to be confused with the British Sovereign, was first produced in 1987. The Gold Britannia has a face value of 100 pounds and is available in 1 oz, ½ oz, ¼ oz and 1/10 oz denominations.

The front of the coin features a profile of Queen Elizabeth II. The reverse, an image of Britannia, the iconic female personification of the British Isles. The Gold Britannia is a solid choice for investors looking to diversify their portfolios with some physical gold.

South African Krugerrand

The South African Krugerrand, the most widely recognized gold coin in the world, was first produced in 1967. By 1980, the Krugerrand represented 90 percent of the coins in the gold market. Krugerrands do not have a face value and are available in 1oz, ½ oz, ¼ oz and 1/10 oz denominations.

The front of the coin features Paul Kruger, the former South African president. The reverse depicts the Springbok, the national symbol of South Africa. Krugerrands are the only coin featured not permitted in retirement accounts.

Gold Coins You Want to Avoid

Now that we’ve covered the gold coins you may want to consider, let’s discuss the ones you should avoid. Some coins may seem attractive due to their apparent rarity or exclusivity, but they often come with a higher premium. And because of that, they typically won’t help you reach your investment goals. Let’s delve a bit deeper.

Exclusive or Premium Gold Coins

“Exclusive” or “premium” gold coins are a trap. And they are typically very overpriced. Here’s how it all works.

A precious metals dealer will contract the Royal Canadian Mint, for example, to make a unique coin that only they have access to. And because they are the only dealer that sells that coin, it’s very difficult to price check and confirm if you’re getting a fair deal. Oftentimes the coin will be a fraction of an ounce to confuse investors.

“Exclusive” or “premium” coins will typically end up costing you over a 33% buy/sell spread. Many investors are shocked at how much value their physical gold has lost immediately after purchasing exclusive coins. Avoid “exclusive” or “premium” coins at all costs as a gold investment.

Semi-Numismatic Gold Coins

The term semi-numismatic is more a marketing term than anything else. Southern California dealers will frequently use the term in their sales pitch when trying to convince investors to buy their “exclusive” coins. If you speak with a precious metal dealer who’s recommending a supposed semi-numismatic item, watch out because you’re about to be overcharged, and usually by a lot.

Tips for Buying Gold Coins

If you’re going to buy gold, there are a few things you need to be aware of. Buying gold bullion is a straightforward process, but there are some potential pitfalls. But fear not because we’ve got some tips to guide you on your journey. From choosing the right dealer to understanding the premiums associated with different coins, these tips will help ensure you make the most of your gold investment.

Choosing the Right Dealer

When selecting a precious metals dealer, it’s important to do your own research. Start by searching for complaints and lawsuits against the company. The Better Business Bureau is a good place to start. If the dealer you’re considering is located in Southern California, that can be a red flag. If they’re attempting to sell you “exclusive” or “premium” coins, that too is a red flag. A reputable dealer ideally shouldn’t have any complaints. You can also check out their online reviews. For a public Reputation Report on a specific dealer, call us at 800-300-0715.

Understanding Premiums and Buy/Sell Spreads

When you buy gold bullion, you need to understand how premiums work. A premium is the additional cost over the spot price of the metal content. Different items carry different premiums. For example, the premium on gold bars is typically less than on coins. But when you sell gold bars back, they’ll usually buy back for less than gold coins. Understanding how premiums work allows you to compare prices of different gold items and make informed decisions.

A buy/sell spread is the difference between what you can buy a coin for and sell it right back at. For example, if you buy gold Maple Leafs for $2,100 per coin, and can sell them back for $2,000, your buy/sell spread was 5%. Many Southern California precious metals dealers charge spreads of over 33%. They typically do this by selling you on an “exclusive” coin that they grossly mark up. Don’t be fooled by them. You’ve worked hard for your money and don’t deserve to overpay.

How to Buy Gold Coins from the Certified Gold Exchange

Buying gold bullion from the Certified Gold Exchange is as easy as 1, 2, 3.

1. Call CGE at 800-300-0715 and request a quote. We’ll perform a nationwide search and provide you with the best price available per our Price Match Plus Guarantee.
2. We’ll email you an order confirmation and wiring instructions.
3. Upon receipt of funds, we’ll ship and insure your metal free of charge to your home address.

Note: If you want to buy coins for your IRA, call us at 800-300-0715, and our gold IRA team will help you to complete the appropriate documentation.

Securely Storing Your Gold Coins

Now that you have your physical gold, it’s vital to consider where you’ll store it. Your precious metal storage option needs to be discreet and in a safe, secure place.

Secure storage solutions for your physical gold bullion include home safes and other secure storage containers. Let’s delve deeper into these options.

Home Storage Options

Home storage offers the advantage of easy access and personal control over your gold coins. Whether you choose a home safe or a cleverly concealed hiding place, it’s crucial to ensure your gold coins are stored in a dry, secure location. After all, your gold coins are a key part of your investment portfolio.

Private Depositories

If home storage doesn’t quite fit your needs, private depositories offer another layer of security. With high-level security measures and fully segregated storage options, private depositories can provide a sense of ease and peace of mind. Storage fees will typically cost around .005% of the value of your metal annually. For a more in-depth look, visit 4 Best Gold Storage Options.

How to Sell Your Gold Coins to the Certified Gold Exchange

There may come a time when you’ll want to sell your gold coins. To execute a sale with the Certified Gold Exchange simply follow the 3 steps below.

1. Call CGE at 800-300-0715 and request a buyback quote. We’ll perform a nationwide search and provide you with the best price quote available per our Price Match Plus Guarantee.
2. We’ll email you a sales order confirmation and packing and shipping instructions.
3. Upon receipt and inspection of your physical metal, we’ll wire you the proceeds within 48 hours.

Note: If you want to sell gold coins or gold bars in your IRA, please visit our How to Sell a Gold IRA page.

Summary

Investing in gold coins offers an opportunity to preserve wealth. It can help you protect your purchasing power by hedging against inflation caused by central banks. It can also help you achieve your investment goals by diversifying your portfolio.

Understanding which gold bullion coins to buy and which to avoid is important for investors. Choosing a reputable dealer is even more important. By understanding the precious metal market, you can be sure to pay lower premiums. And by knowing how to securely store your physical metal, as well, you can navigate the world of gold coin investing with confidence and success. Remember, every journey begins with a single step – or in this case, a single coin.