Are you looking to invest your money in one of the safest assets? Well, Gold coins are your safest bet. Not only are these gold coins an area of interest for the inventors, but if you are a collector, you should definitely look into this category of commodities. But how can this particular category of coins be of interest to investors? Let’s look at some of the best gold coins to buy
Being one of the safest coins, the Canadian Gold Maple Leaf is a highly sought-after coin that can easily compete with the highly in-demand coins like the Gold American Eagle. Its producer, the Royal Canadian Mint, has adopted recent technology to help protect the Maple Leaf against counterfeiting. A small hologram of a Maple Leaf is inscribed on the front of each coin. These holograms are almost impossible to replicate. These immensely popular coins are made up of 0.99p9 pure gold, making them 24-karat. The coin features a picture of Queen Elizabeth wearing pearls, and the reverse features the national symbol of Canada: a Maple Leaf.
An amalgam of 91.67% gold and 8.33% copper, the Krugerrand is a differently colored gold coin, with an interesting history. As this gold coin is from South Africa, it was banned to import Krugerrands into the United States, in the 1980s as part of Apartheid. At one point in the late 1970s however, the Krugerrand was the most popular coin in the gold market, with Krugerrands making up over 90% of gold coins sold annually at that time. It is one of the most traded and recognized coins, hence, it remains a secure investment for the investors.
Looking for a smaller gold coin to invest in? Well, gold Sovereign coins are a great option. If you want a diverse range of gold coins, this 0.2354 troy ounce (7.3 gram) British sovereign coin is a great option. The United Kingdom started producing these gold coins in 1817. These coins were used to conduct trade throughout the British Empire, and in the 1800s were manufactured worldwide, including in India, Canada, and Australia. These coins were also used as official British currency.
At the time of the ban on Krugerrands, several other gold coins came into circulation to fill the void in the market. One such coin was the Austrian Philharmonic, released in 1989 by Münze Österreich AG, the Austrian Mint. They were the first European coin to be mined and they were successful in securing a position in the Gold coin market. Philharmonics become a number one selling coin. They are the only gold coin issued today to be denominated in Euros. Over the years the image on these coins has remained the same. They are 99.99 pure gold coins.
The gold American Eagle was minted in 1986 by the West Point Mint and these 22-karat gold coins come in different weights ranging from 1/10 ounce to 1 ounce. These beautifully designed 22-karat gold coins are an amalgam of alloy and gold. The reason alloys are incorporated into the coin is that it hardens the coin and makes it more durable. These coins are backed by the United States government, and by law are minted using gold that is mined in the United States.