Buying gold is a great way to hedge against inflation. Gold can also preserve the value of your investment when currency prices fluctuate. Gold generally maintains its value over time and is a good way to pass down investments or diversify your investment portfolio. It can also be beneficial to have during times of crisis in the economy. It is an asset that is easy to liquidate and will always maintain its value, even increasing as the global gold supply shrinks.
One of the most common forms of investing in gold is via gold coins, compact and collectible items that increase in value over time. We wrote a small list of 5 coins to consider when putting your investment money in gold.
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1. United States: Eagle 1-Ounce Gold Coin (United States Mint)
The Eagle is by far the most popular gold coin to buy in the USA. Since their first minting in 1986, these 1-ounce coins are produced exclusively from gold mined in the U.S. They have a face value of USD $50 as of 2017.
The coins feature Lady Liberty on one side and bald eagles on the other. From 1986 to 1991, the coins were dated with Roman Numerals. In 1992, the Mint adopted Arabic numerals.
These coins are the favorite coin of U.S. investors and collectors for many reasons. Because these coins are so popular, they are generally easy to value, trade, or sell. They are even an approved investment method for Individual Retirement Accounts (IRAs).
Did you purchase the American Eagle 1-Ounce Gold Coin and want to know what your investment is currently worth? Contact us today for a consultation.
2. United States: The 1 oz. Gold Buffalo Coin (United States Mint)
The 1 oz. American Buffalo was first minted in 2006, becoming the U.S.’s answer to Canada’s Gold Maple Leaf. Offering .9999 fine 24k gold, it is the highest content gold coin the U.S. Mint produces. Each coin has a “1 OZ .9999 FINE GOLD” stamp on the back.
These coins have a buffalo on one side and a classic Native American profile representation on the other. Also carrying a USD $50 face value, the edges of these coins are somewhat irregular, with thickness varying half a millimeter or more, as a rustic tribute to the American West.
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3. Canada: The 1 oz. Gold Maple Leaf Coin (Royal Canadian Mint)
The Canadian Gold Maple Leaf is one of the most purchased bullion coins on the market.
Gold coins produced from 1979 to 1982 carry three 9’s, with those after carrying four. One exception was in 2004, when the Royal Canadian Mint produced 24k coins .99999 fine for its 25th anniversary.
The Gold Maple Leaf is considered the purest gold bullion, and each coin is stamped with the .9999 purity guarantee and “1 OZ OR PUR.” The Maple Leaf remains unchanged; however, The Queen’s Effigy is updated along with other Canadian coins.
Since 1979, Canada’s Mint has been minting these coins and many investors continue to favor them.
4. Mexico: The 1.2 oz. 50 Peso, or Centenario (Banco de Mexico)
The 50 Peso Gold Coin was minted by the Banco de Mexico between 1921 and 1947. The Centenario de Oro was first minted in 1921 to celebrate the first 100 years of the Independence of Mexico. Production of this coin was briefly suspended in 1931, then re-established in 1943, and continued until 1947.
Each coin contains approximately 1.2 oz of pure gold. They are minted of an alloy that contains 90% pure gold combined with 10% copper, giving it an orange hue. This makes it generally more durable than other 24k gold coins.
One side features the Winged Victory (the “Angel of Independence”), a statue that appears on the victory column in Mexico City. Victory holds a wreath in one hand and broken chains in the other. Behind her, Mexico’s famous volcanoes are depicted. The other side depicts a golden eagle on a cactus, holding a snake in its mouth.
Gold 50 Peso coins will continue to be an ideal investment for gold collectors for their commonality and low premiums.
5. Austria: 1 oz. Gold Philharmonic Coin (Austrian Mint)
The Austrian Mint has produced Gold Philharmonics as a tribute to the Vienna Philharmonic Orchestra. This classic entry on the list of best gold coins to buy features the Vienna Concert Hall‘s pipe organ of Vienna’s Concert Hall (the Musikverein) on one side and various orchestral instruments on the other.
First minted in 1989, this is the only gold bullion coin issued in Euros. The coins come in a variety of oz sizes, with face values of 100, 50, 25, or 10 euros. Each coin is stamped with the marking “1 UNZE GOLD 999.9.”
Coins are considered classic members of the top coins to buy for investment, and current production levels with mint run 500,000 or more, making them readily purchased.
Do you have any of the gold coins mentioned in this article, and want to know how much your investment is currently worth? Contact us today for a free consultation.