Investing In Gold Coins: Value, Facts & Tips

Gold is a precious metal that has been used in jewelry and coinage for thousands of years. The currency value is often guaranteed by gold in nations around the globe. This precious metal has long been a staple for both collectors and investors alike, but savvy investors often seek out gold coins to help strengthen and diversify their portfolios. Fine mints should issue gold coins to ensure their value and purity. 

The price of gold continues to rise as demand exceeds supply. Even with declining production, foreign governments, and central banks are purchasing large quantities of gold and gold bullion. This spike in demand helps guarantee the value of gold, and gold coins are an even better investment. The value of coins does not depend only on the spot price of gold. A coin’s condition, historical significance, and rarity directly impact its value. Here’s what you need to know about investing in gold coins. 

Coin Condition

The purity of gold used in coins is measured in karats, and a higher karat count is purer gold. Typically, 22 and 24 karat are the most sought-after gold purity because gold that is too pure can be softer and more prone to damage. The condition of coins always affects their value. Coins with minimal wear and visible damage are worth more and tend to hold their value. 

A coin’s weight, size, and rarity will also impact its value. Larger coins are more valuable, and full-ounce coins like the American Gold Eagle are extremely popular around the world. However, many coins are available in smaller denominations offering financial flexibility. Rare coins possess a value above their gold content, but bullion coins may be easier to liquidate because of their global recognition.

Facts and Tips

Investing in gold coins or gold bullion rounds can be fun and profitable. It can help diversify your portfolio while adding value. The price of gold continues to rise annually, and it hasn’t dipped below $1,000 per ounce since 2008. This makes gold rounds and coins a stable investment that can offer a handsome return. 

You must only purchase coins and rounds from a reliable dealer who is licensed to buy and sell precious metals. Many government mints do not sell directly to the public, but they do sell to authorized dealers. Investors can reliably purchase from authorized dealers who work with the best government mints around the globe. These mints include the U.S. Mint, the Perth Mint, the Royal Mint, and the Royal Canadian Mint.

Depending on the size of your investment, you’ll also want to consider storage options before making your purchase. Some investors do choose to keep their coins at home but many also pay for secure storage at a specialized facility. Storing your gold at home may give you more access but also requires special attention. It should be skillfully hidden in a safe or secure container that is not subject to humidity or temperature fluctuations. Properly insuring your investment is also an important consideration. 

Invest in Gold Coins Today

Investing in gold coins can be lucrative and enjoyable. It can also pay big dividends when you invest wisely as the price of gold is continuing to rise. Be sure to purchase your coins and rounds from a reliable dealer who is authorized to buy and sell precious metals. It is also critical that the dealer you purchase from works with the finest mints in the world to help guarantee the value of your investment. You’ll also want to plan for properly storing your investment gold and obtaining adequate insurance for your purchase. If you are ready to diversify your portfolio by making a wise investment that will produce high returns, purchase gold coins today.