subject: Top Things You Must Know About Investing In Gold Coins [print this page] Smart investors will tell you how investing in gold coins is the best way to provide cushioning against currency devaluation and economic instability. As you search on the internet for information on investing in gold coins, you will find a number of sites promoting collector and numismatic coins. These are coins that always sell at a higher premium to their gold content value.
If you wish to purchase gold that sells at a smaller premium over the gold content value, the best option is to buy the gold bullion coins. Here are top things you must know about investing in gold coins -
1.Until December 31st, 1974, Americans did not have the right to own gold bullion coins. They could only buy numismatic coins. These coins were priced based more on interest of collectors rather than on the actual gold content value. Collector coins and numismatic coins continue to sell with huge markups and are overpriced as compared to their actual gold content value. If you wish to purchase coins that sell at minimal markups, you must opt for the gold bullion coins.
2.After 1974, when Americans regained the right to own gold coins, bullion coins such as the Austrian 100 Coronas and the Mexican 50 Pesos became very popular. However the foundation for today's energetic gold bullion market was laid by the introduction of Krugerrands by South African government.
3.Today, Krugerrands are not imported into US and American Gold Eagles remain the top best selling bullion coin in the world. However, in the world investment market, more number of Krugerrands sells over smaller premiums as compared to the American Gold Eagles.
4.Canadian Maple Leafs gold bullion coins were once very popular but not anymore. This is because of their design that allows them to be easily damaged and scratched. Another good gold investment option is to purchase the lesser known Austrian 100 Coronas and Mexican 50 Pesos at much lesser premiums.
5.There are many reasons why Krugerrands and Gold Eagles are preferred over the 100 Coronas and 50 Pesos. As compared to the other two which contain less than one ounce gold, Krugerrands and Gold Eagles contain one full ounce.
There are many other gold bullion coins that are not as popular. These include the Hungarian 100 Koronas, Austrian Philharmonics and the Australian Nuggets/Kangaroo. European gold bullion coins are also not preferred by smart investors as most of them do not feature information on gold content.
by: Adrian Getty
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