Gold coins are a favorite of coin collectors with an eye toward investment. Not only are golden coins lovely to behold, but they also have a value that is guaranteed, due to their precious metal content. The value of gold coins is usually higher than the value of their weight in gold bullion, making them a better investment than the gold market alone.
Many countries produce gold coins for collectors or for commemorative purposes. These coins oftentimes emphasize unique aspects of the country's culture. Australia reveres its national animal with the Gold Kangaroo, for example, while China has a Gold Panda with a lovely design that changes every year. Canada's coin features a powerful national symbol with the golden Maple Leaf, and South Africa mints the Krugerrand. One of the world's best selling coins, the Krugerrand features the South African national animal, the Springbok. Taking its place as one of the most popular gold coins among investors and collectors, however, is the American Gold Eagle. The American Gold Eagle stands out among other bullion coins because of its lovely design, and because its value is backed by the full strength of the United States government.
The Beauty of American Eagle Gold Coins
The Gold Eagle features a representation of Lady Liberty striding with torch in hand through a field of light rays on its front side. This image is inspired by a golden coin designed by Augustus Saint-Gauden and minted from 1907 to 1933. The Augustus Saint-Gauden Double Eagle is widely considered to be one of the most beautiful coins America has ever produced. On the flip side of the American Eagle gold coins is a nest full of bald eagles, the national bird of the United States. The nest represents the American dedication to unity and family. Furthermore, a special die is used when minting these coins, to bring the gold to an especially high shine and to make it easier to see small details in the design.
American Eagle Gold Coins have Guaranteed Value
American Eagle gold coins are valuable not only for their lovely appearance, but also because they are the only bullion coin whose gold content is guaranteed by the United States government. Each American Gold Eagle is stamped with its exact gold weight, as well as its face value. They are minted from 22-karat gold, which by law must be pure gold bullion mined from within the United States. This guarantee of the authenticity of the precious metals used to make American Eagle gold coins is highly valuable to investors.
Buying American Eagle Gold Coins
Golden American Eagles were first produced in 1985 and come in a variety of sizes and values, ranging from the 1/10th oz American Eagle coin with a face value of $5, all the way up to full ounce gold coins with a face value of $50. Remember that most gold coins are worth more than their legal tender amount. Although they are not available for purchase directly from the U.S. Mint, American Eagle can be commonly found for sale in coin shops, on the internet, by gold dealers, and at coin shows. There are also variations on the American Eagle that are minted from silver or platinum instead of gold.
TipAccording to the website USAGold, it is recommended that you run a background check for the gold firm on the BBB website to avoid making a wrong choice.
Many investors want to invest in gold as a hedge against fluctuating stock markets and an uncertain economy. The 2007 economic debacle made investors realize the need to diversify their portfolio by adding a tangible asset like gold.
There are many ways to invest in gold, like ETFs, jewelry, bars, but the most popular is coins. However, there are many pros and cons of investing in gold coins, and you must be completely aware about certain things before you make a vital investment decision. This Buzzle article lists down 12 tips for beginners who wish to invest in gold coins.
Whether it is buying or selling gold coins, you should be aware about the fluctuations in the gold market. You should also keep abreast of the prevailing gold index. If you intend to invest in gold coins to diversify your investment portfolio, do not invest more than 30% of your entire investment sum. Also, try to invest a minimum of 10% in gold coins. Decide why you are buying the gold coins-as a tangible asset or for numismatic possession. This decision will dictate the amount of investment, type of coins and their value, and the returns on it.As gold is a tangible asset, unlike mutual funds or stocks, you will have to take special care about storing the same. You can utilize a safe at your home, or a gold vault or a safe deposit in the bank to store your gold. It is always better to buy a gold coin from a known brand as buyers are more likely to identify with it. You can go for South African Krugerrand Gold Coin, American Eagle Gold Coin, UK Sovereign, Canadian Gold Maple Leaf, Turkish Gold Coin, the Swiss Vrendi, etc. Ensure that you buy a gold coin that has a market and is in considerable demand. This will help you get buyers easily for your gold coins. Buy gold coins with a purity of 22k or 24k. The lesser number of alloys or other metal a coin has, the better price it will fetch. Look at your investment goals before you decide where exactly to invest your money. Ideally, a mix portfolio of pre-1933 gold coins and bullion coins is recommended for beginners. To avoid falling prey to fraudulent schemes, it is a safe bet to choose a gold firm that has been around for more than a decade and is interested in imparting information to you from time to time.Investing in gold coins is less risky than gold futures contract where you can end up losing all your investment. While there are reliable companies who trade in gold online, you can easily fall prey to real-looking counterfeit coins. Hence, it is always better to buy it physically from established gold firms.Before investing in gold, conduct some basic research about the coins you intend to buy. You should also verify the size, mint origin, markings, weight, purity, etc. All this will enable you to make an informed decision.
Also, comparing the prices of gold coins with different dealers can help you get a better bargain. Hope you will make most of these gold coin investment tips for beginners.
What determines gold coin prices? The answer is complicated. Certainly market forces of supply and demand come into play. In addition, smaller gold exchanges often raise their gold coin prices to compensate for low sales volume, and larger gold exchanges charge gold coin prices close to or higher than retail. This of course depends on the integrity of your dealer, and illustrates the importance of buying gold from an exchange or dealer with a track record and expertise in the precious metal market.
What are the most commonly-traded gold coins? First is the Krugerrand, the coveted and most widely-held gold bullion coin, with 46,000,000 troy ounces in circulation. Other common gold bullion coins include the Australian Gold Nugget, Austrian Philharmoniker, Canadian Gold Maple Leaf, Chinese Gold Panda, French Coq d'Or, Mexican Gold 50 Peso, British Sovereign, and the American Gold Eagle.
What else can affect gold coin prices? The condition of the coin, its overall weight, and its rarity. For example, you could well pay a premium for collectible coins. The value of collectible coins is determined by two things. Firstly, the value of the gold itself, and second the value of the desirability, or collectability of the coin. These two factors may have nothing in common with each other. Thus, if the value of the coin you are considering buying is a result of its 'collectible' factor, you need to decide whether you want to invest in gold, or any of a host of other 'collectible' items on the market.
Because gold coin prices are subject to common market forces, and gold coins - unlike gold bars -are readily available, there is a danger in buying fake gold coins. Many dealers, large or small, honest and dishonest deal in the sale of gold coins. Fake gold coins are produced from gold-plated lead, and can be difficult to detect if you are not an expert. That is why it is important that you buy your gold from a gold dealer with a reputation for honesty and integrity. Certainly price alone should never be the determinant for buying gold coins.
An experienced and reputable gold broker will not just be seduced by short term gold coin prices. He or she will help you choose the right gold product mix for your portfolio, ensuring the prices you pay are in line with market expectations and your long term goals. In addition, a reliable, quality firm will not vanish one day like a ship in the night. The right firm - one built on solidity and longevity - will most likely be around to help you liquidate your gold assets when you decide it's time to let them go.
Discerning investors who want to know about gold coin prices and anything else having to do with gold depend on the quality of information and Buy Krugerrands advice at goldprice.net to provide them with high quality analysis, market updates and gold details quickly and efficiently.
With gold coin prices around the world, market research, and direct access to a precious metals trading platform, http://www.goldprice.net/ is the website of choice for gold investors everywhere.
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The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold at the gold dealers stores or online everyday, making Krugerrand one of the most popular Gold Coins among investors and collectors. So what is the Krugerrand Price today?
First minted in 1967 by the South African government, the gold Krugerrand coin is the first coin to be valued at the current market value of 1 troy oz. gold. In other words, the krugerrand coin didnt have monetary value imprinted on it. Its value is based upon the market value of one-ounce 22 carat gold it contains. Once the gold price fluctuates in the market, the price or value of Krugerrand changes correspondingly. For instance, the 1oz krugerrand price would be around $700 when the market value of gold is $700. If at the time, the gold price jumps up to $900, the 1oz Krugerrand price would increase to $900 accordingly.
Besides the spot price indicated above, you have to add premium for Buy Krugerrands the Gold Coin when estimating the gold coins prices. Gold Krugerrands, like Mexican 50 Peso gold coins, usually carry small premiums from 5% to 10% depending on the coin sizes and purchase quantity. Usually 1 oz Krugerrand coins carry the smallest premium, while the smaller fractional sizes coins (1/2 oz, 1/4 oz and 1/10 oz) carry higher premiums.
Because of the recent world economy in turmoil, more and more smart people turn to gold investment as a way to protect their personal wealth instead of buying stocks. The current market trend shows that the Krugerrand Price might continue increasing, making it a safe investment especially for small investors.
I recommend you checking out www.KrugerrandGoldCoins.com. It is a specialized Gold Krugerrand for Sale site, offering a great selection of Krugerrand Gold Coins for sale. This website makes finding your dream Krugerrand Gold Coin a million times easier. Be sure to try this website before you buy.