Gold investment is among the oldest investment vehicles in the world and the wealthiest families of the world hold a strong gold reserve that they have carried forward for generations to build their wealth. Gold coins are among the earliest traded forms of gold, and though the large institutional investors and banks worldwide trade gold in the form of bars, gold coins have their allure. Many gold coins in the market are released by nationalized banks and local mints. However, there are a few gold coins that are recognized worldwide and command high value worldwide. So, when you are considering a gold investment, do thorough research of which gold to buy before rushing to “gold stores near me”.
Begin with gold coins
The easiest way to start gold investment is with gold coins. Gold coins can be purchased as gold bullion or as numismatic coins. As bullion, gold coins are traded at the spot price for gold depending on their purity and weight. As a numismatic coin, gold coins are traded for their rarity and demand. Several gold coins in circulation are bought and sold as collectible coins and though they may have lower gold content, they may command higher rates than a gold coin of heavier weight and higher gold content.
Some famous gold coins that have global renown
American Eagle gold coin
The American Golden Eagle coin minted by the U.S. Mint is among the most sought-after gold coins in the world. It is an apt choice to begin one’s gold investment. One can start with buying modest-sized Gold Eagles of 1/4 oz or 1/2 oz or 1-ounce sizes that are beautifully crafted and have purity of .994. These coins can be bought and sold easily across the USA. Just search for “find gold stores near me” and they will have a selection of the American Golden Eagle. However, it is better to buy one’s golden Eagle from U.S. Mint-approved dealers.
South African Gold Krugerrand gold coin
The Krugerrand is manufactured by the Rand Refinery on behalf of the South African government and is recognized globally for its numismatic value. The Krugerrand gold coin is purchased in sizes of ¼ oz, ½ oz, 1/10 oz, or 1 oz. It can be traded anywhere in the world and fetch the same rate. The “gold stores near me” may not have a wide selection of Krugerrand, although one may find many online dealers who sell the coins at competitive rates and lower premiums.
Canadian Maple Leaf gold coin
Manufactured by the Royal Canadian Mint, the Canadian Maple Leaf is easily associated with the country. It was first introduced as an alternative to the South African Krugerrand. It is available in the standard 1/10 oz, ¼ oz, ½ oz, and 1 oz sizes. These coins are widespread and easily available among “gold stores near me”.
Vienna Philharmonic gold coin
The Vienna Philharmonic gold coin was first introduced in 1989 and set a sales record for several decades as the choice product for gold investment. It is manufactured by the Austrian Mint to commemorate the country’s musical legacy. It can also be purchased in the sizes of 1/10 oz, ¼ oz, ½ oz, and 1 oz.
Apart from these, there are the Australian Kangaroo that is manufactured by the Perth Mint and the Chinese Panda design manufactured by the People’s Bank of China. Many other gold coins are well-known, but these are among the most famous coins and can be easily procured from local stores when you search for “find gold stores near me”.
Gold investment with “gold stores near me”
Just because you found local “gold stores near me” does not mean that one must be wary of the products sold. All the reputed gold coins come in assay packages and unique identification numbers to signify their authenticity. Further, their purity and weight are clearly mentioned on the coins along with their designs and other unique engravings. One can visit the manufacturer’s website to confirm these. The difference in price occurs due to the varied premium charged by different stores.
When purchasing gold coins for gold investment, it is important to be cautious and careful to ensure you get genuine products.