One must be very careful when choosing to buy gold coins, whether you are a coin collector or a serious investor. Sufficient knowledge about the gold coins is necessary before a purchase should be made. In America, there are 2 basic types of gold coins that one can purchase – the rare gold and the bullion gold.
Gold Bullion Coins
The value of gold bullion coins lies in the content or amount of gold they possess. These gold coins exist in the millions with no outstanding appeal from serious coin collectors. It is easy to possess these as a means of owning in gold.
Many governments have minted their own gold bullion coins such as US mint on the American Eagle Gold coin and the Buffalo Gold coin, the Royal Canadian mint on the Gold Maple Leaf, the South African mint on the Krugerrand, Austrian mint on the Austrian Vienna Philharmonic and the Perth mint on the Australian Gold Nugget.
There are many sizes of these national gold bullion coins.
Rare Gold Coins
Rare gold coins are those minted between 1795 to 1933 in the U.S. which are few in number and thus are considered collectibles that are highly demanded.
The value of rare gold coins is not confined to the gold content within but according to the demand which can range from $1,000 and into the millions.
The U.S. Double Eagle twenty dollars gold pieces are the most popular rare gold coins that were minted between 1850 and 1933.
Buying Options
Although there are many places where you can purchase gold coins, it is best to purchase them at reputable coin dealers, like ITM Trading, especially for the rare gold coins. Local coin shops may also carry some gold coins for your convenience but not a good variety of choices would be available. A coin show is another place of purchase of gold coins which caters mainly for dealers. The public will not likely get the best price from a coin show as they are not knowledgeable enough about gold to negotiate a good deal. The last possible place to purchase gold coins is banks. But these may not always offer good bullion prices or service as gold coins trading is not their forte.
An individual who is an amateur in gold investment should get education on gold before getting involved in investing gold.
Showing posts with label types gold coins. Show all posts
Showing posts with label types gold coins. Show all posts
Monday, January 10, 2011
Thursday, August 5, 2010
Know the Different Types of Gold Coins
Gold coins were used as currency in the olden times. However, their use as currency was put to an end after the period of the Great Depression, in Twentieth Century. At present, different types of gold coins are purchased by collectors and investors. Investors usually prefer bullion coins for investment purposes.
Major Types of Gold Coins
The two popular types of gold coins found across the world are:
American Gold Eagle
One of the most popular types of gold coins is the American Gold Eagle. This type of bullion coin was first produced in 1986, by the US Mint. Minted in 22-karat gold, these coins bear an image of Lady Liberty on one side and a Family of Eagles on the other side.
They are certified by the US government in terms of their weight, purity and content. The advantage of these coins is that they can be easily converted into cash. The American Gold Eagle coins can be bought in four different gradations:
• One-ounce with a face value of $ 50.
• Half-ounce with a face value of $25.
• Quarter-ounce with a $10 face value.
• Tenth-ounce with a face value of $5.
The elevated level of sales of the US Mint’s bullion gold coins continued till July 2010. The Sales figures of the US Mint’s American Gold Eagle coins for the month of July 2010 are as follows:
July 2010
American Gold Eagle 1/10 oz $30,000
American Gold Eagle 1/4 oz $2,000
American Gold Eagle 1/2 oz $2,000
American Gold Eagle 1 oz $147,500
Canadian Gold Maple Leaf
Another famous type of gold coin is the Canadian gold maple leaf. These gold coins were introduced in 1979 for the first time. The Canadian gold maple leaf coins are produced by the Royal Canadian Mint. These gold coins are formed of 99.99% pure gold. These coins feature the image of Great Britain's Queen Elizabeth II on one side. On the reverse side, they bear the image of Canada’s national symbol, the maple leaf. These coins are backed by the Canadian Government, for their purity and weight. The Canadian maple leaf coins can be purchased in following denominations:
• One ounce with 50 Canadian dollar face value.
• Half-ounce with 20 Canadian dollar face value.
• Quarter-ounce with 10 Canadian dollar face value.
• Tenth-ounce with 5 Canadian dollar face value.
The Royal Canadian Mint has issued an exciting new range of finely crafted gold coins in its third release of the 2010 collector products. The new coins include the 25-cent Birds of Canada and the 50-cent Lenticular Dinosaur Exhibit. Also, the half gram pure mint gold coin and 14 Karat ‘gold maple leaf’ have been introduced.
Major Types of Gold Coins
The two popular types of gold coins found across the world are:
American Gold Eagle
One of the most popular types of gold coins is the American Gold Eagle. This type of bullion coin was first produced in 1986, by the US Mint. Minted in 22-karat gold, these coins bear an image of Lady Liberty on one side and a Family of Eagles on the other side.
They are certified by the US government in terms of their weight, purity and content. The advantage of these coins is that they can be easily converted into cash. The American Gold Eagle coins can be bought in four different gradations:
• One-ounce with a face value of $ 50.
• Half-ounce with a face value of $25.
• Quarter-ounce with a $10 face value.
• Tenth-ounce with a face value of $5.
The elevated level of sales of the US Mint’s bullion gold coins continued till July 2010. The Sales figures of the US Mint’s American Gold Eagle coins for the month of July 2010 are as follows:
July 2010
American Gold Eagle 1/10 oz $30,000
American Gold Eagle 1/4 oz $2,000
American Gold Eagle 1/2 oz $2,000
American Gold Eagle 1 oz $147,500
Canadian Gold Maple Leaf
Another famous type of gold coin is the Canadian gold maple leaf. These gold coins were introduced in 1979 for the first time. The Canadian gold maple leaf coins are produced by the Royal Canadian Mint. These gold coins are formed of 99.99% pure gold. These coins feature the image of Great Britain's Queen Elizabeth II on one side. On the reverse side, they bear the image of Canada’s national symbol, the maple leaf. These coins are backed by the Canadian Government, for their purity and weight. The Canadian maple leaf coins can be purchased in following denominations:
• One ounce with 50 Canadian dollar face value.
• Half-ounce with 20 Canadian dollar face value.
• Quarter-ounce with 10 Canadian dollar face value.
• Tenth-ounce with 5 Canadian dollar face value.
The Royal Canadian Mint has issued an exciting new range of finely crafted gold coins in its third release of the 2010 collector products. The new coins include the 25-cent Birds of Canada and the 50-cent Lenticular Dinosaur Exhibit. Also, the half gram pure mint gold coin and 14 Karat ‘gold maple leaf’ have been introduced.
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