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Want to buy gold coins? Here are your options…

by , 20 May 2014

Governments first introduced gold coins as a way for members of the public to easily invest in gold. Gold coins are a great way to invest in gold. They're very portable due to their small size. You can easily buy and sell them. And they're easy to store. So if you want to invest some of your cash in gold coins, what options do you have? Let's take a closer look…

The amount of gold in gold coins

Different gold coins come with a different gold content, the research team at the Resource and Scarcity Report explain. Most gold coins fall in one of the following two categories:
  • Four nines/24 carat gold (the equivalent of 99.99% gold);
  • 22 carat gold (the equivalent of 91.66% gold).
If you’re investing in gold coins just for the exposure to gold, don’t buy collectors coins. You’ll pay a premium for this, which will make the coin more expensive than the gold content’s worth.

Types of gold coins

There are a wide variety of different gold coins out there to buy. Here’s are a few…

The Kruger Rand
South Africa minted the first Kruger Rand back in 1967. It was the pioneer in the concept of gold coins.

Facts about the Kruger Rand:
  • It weighs 1.09 ounces;
  • It contains 1 ounce of gold; and
  • Its gold purity is 91.67% (22 carat gold).
There are over 44 million Kruger Rands in circulation. There are active markets for them in London, New York and Berlin. And with its weight, it’s very easy to compare its worth with the spot price of gold.

The Maple Leaf
Canada minted the first Maple Leaf in 1979.

Facts about the Maple Leaf:
  • It weighs 1 troy ounce;
  • It has a face value of C$50;
  • There are smaller version available: 0.5, 0.24 and 0.1 ounces;
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The Centenario
Mexico minted the first Centenario in 1921 to make the centenary of the foundation of Mexico in 1821.

Facts about the Centenario:
  • It has a face value of 50 Mexican pesos;
  • It has 9/10th gold content;
It’s not a very liquid coin outside of Mexico.

So there you have it, some of the options you have if you want to buy gold coins.

Want to buy gold coins? Here are your options…
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