Last Updated on November 14, 2023 by Ben
Best Gold Coins to Buy
Gold is a popular investment nowadays. It’s also a great time to purchase gold coins, but which ones? Choosing the Best Gold Coins to Buy can be a difficult decision. There are a lot of different types of coins with different values. It is easy to get overwhelmed.
At a Glance Ratings:
1. Goldco: Editor’s Choice – Best and Most Trusted Gold IRA Company Overall (4.9/5)
2. American Hartford Gold: Runner up – Best Price for Bullion (4.8/5)
3. Augusta Precious Metals: Great Buyback Program (4.6/5)
4. Birch Gold Corporation: Great Staff Overall (4.5/5)
5 Red Rock Secured: Best at Home Gold IRA (4.2/5)
Gold IRA Companies Review
Here’s the review of 5 best companies that sells gold coins.
Goldco: Editor’s Choice – Best and Most Trusted Gold IRA Company Overall (4.9/5)
Individuals who believe the stock and bond markets are too volatile may opt to establish a Precious Metals IRA. People who want something real for their money and those who want the security of owning something tangible may benefit from precious metals IRAs.
Goldco does not provide custodian services or storage. If clients are unable to find suppliers on their own, Goldco may assist them in doing so through its suggested vendors. Goldco is well-known for its national profile and rapid development. In 2015, 2016, and 2017, Goldco was listed among the 5,000 list of America’s fastest-growing private companies, which ranks them among the country’s 5000 Fastest-Growing Private Companies.
- Low fees
- Non-IRA precious metals may be stored for free.
- A+ rating by the BBB
- Exceptional client service
- You can’t create an account online
- IRA minimum deposits start at $25,000
American Hartford Gold: Runner up – Best Price for Bullion (4.8/5)
A wonderful technique to diversify retirement assets in a tax-deferred account is through Gold IRAs. Throughout the process of purchasing and trading precious metals, American Hartford Gold’s experts can be relied on. The American Hartford Gold IRA is a precious metal IRA service with exceptional customer care, industry experts, comprehensive historical investment data, and up-to-date market research. To make things easier for you, they employ a three-step method to create and maintain a Gold IRA.
A solid retirement plan is essential for a good financial future. American Hartford Gold strives to help investors attain financial well-being by diversifying assets with gold IRAs or precious metals purchases. With highly certified experts and excellent client care, the firm is well-positioned to educate clients about the advantages of precious metals investment.
- Up to $2,500 in free silver.
- Expert Account Executives are on hand to assist you.
- Price match guarantee
- Up to 3 years of free storage
- It doesn’t ship outside of the United States.
- No yearly pricing is listed on their website.
Augusta Precious Metals: Great Buyback Program (4.6/5)
If you’re looking for a gold IRA option that’s trustworthy, secure, and reputable, Augusta Precious Metals is the place to go. This family-owned precious metals vendor and gold IRA provider have over 50 years of experience. A gold or silver IRA is a reliable partner in the accumulation of wealth while also ensuring financial stability in retirement because it offers the service. They assist people in establishing a self-directed precious metals IRA and buying gold and silver outside of a retirement arrangement.
Augusta Precious Metals is a gold IRA industry leader with over 50 years of experience assisting consumers in balancing their retirement accounts. Augusta offers superior client service and consumer education to customers who want to diversify their portfolios. From the time they open a gold IRA through paying retirements, Augusta Precious Metals representatives provide outstanding customer service.
- Customer support is provided for life.
- It’s simple to set up
- Lower costs, streamlined approach
- You’ll need at least $50,000 in savings to qualify.
Birch Gold Corporation: Great Staff Overall (4.5/5)
Birch Gold is a precious metals firm with over 20 years of expertise handling precious metals and gold IRAs for IRA investors. Actual gold, silver, platinum, and palladium are available for IRA assets or personal ownership through the company.
Birch Gold IRA’s in-house IRA Department is dedicated to making it simple for clients to establish Precious Metals IRAs or move existing retirement accounts. With a strong emphasis on client education, Birch Gold carefully considers each investor’s goals while educating them on the advantages and drawbacks of precious metals investing in order to guarantee that each customer understands the benefits and drawbacks of gold investment.
- Allows investors to access precious metals.
- Hard asset IRA availability.
- The firm’s long history gives it credibility.
- Gold and other precious metals have distinct risks.
Red Rock Secured: Best at Home Gold IRA (4.2/5)
Protecting your assets is paramount for you and your family’s future, so Red Rock Secured offers top-of-the-line security measures and storage options for your precious metals and other valuables. With over a decade of experience securing physical assets, Red Rock Secured provides state-of-the-art security measures, including 24/7 monitoring, armed security personnel, biometric identification, and advanced surveillance systems.
The facility is also heavily insured to protect against any unforeseeable circumstances. Red Rock Secured multiple storage options range from domestic to international locations, ensuring that your assets are always nearby yet secure. Trust Red Rock Secured to keep your assets safe and secure for the long term
- Red Rock Secured offers secure storage options for various assets, including precious metals, coins, and bullions.
- Their highly secure storage facilities use advanced security measures such as 24/7 video surveillance, motion detectors, armed guards, and biometric access systems.
- Red Rock Secured storage facilities are also insured against theft, loss, and damage, which gives their customers added peace of mind.
- They offer a wide range of storage options that cater to different needs and budgets, including segregated storage, unsegregated storage, and private vaulting.
- The company has a proven track record of providing its customers with top-notch security and storage services, and its online reviews and testimonials attest to this fact.
- Red Rock Secured offers competitive pricing and flexible payment options, which makes it easy and affordable for customers to secure their assets.
- The storage and security services offered by Red Rock Secured may only be suitable for some, especially those who prefer to keep their assets close to them or invest in other types of assets.
- The cost of using Red Rock Secured secure storage services may be higher than other storage options, which could affect the overall returns of the investments.
- Red Rock Secured storage and security services, may not be available in all areas, which could limit the accessibility for some customers.
Gold as an Investment
Gold is not synonymous with equities or bonds. You may own gold in the form of gold coins or bullion. Bullion is gold in bar form with a stamp on it. The purity level and amount of gold inside the bar are both inscribed on the stamp. The purity of the precious metals, rather than its scarcity or condition, determines the value of bullion or coin, which can vary throughout the day. Some banks, dealers, brokerage companies, and the United States Mint offer bullion and coins.
Top 10 Best Gold Coins to Buy
Gold American Eagle Coin
The American Gold Eagle is a gold coin available in one-tenth-ounce, quarter-ounce, half-ounce, and one-ounce coins. It should be part of the top of your “must-have” list. This coin was first designed and produced in 1986, and it has proved to be durable. The United States government produces a small quantity of these coins each year. They may be bought as proof coins, uncirculated coins, or proof packages.
The American Eagle consists of 91.67% gold (22 karats), 5.33% copper, and 3% silver. The United States government guarantees the weight, content, and purity of these coins, making them one of the most popular investment coins available. They are readily valued and extremely liquid.
The legal tender value of gold coins is determined by the spot price, which ranges from $50 for one troy-ounce coin to $5 for one tenth-ounce piece. This is also available in silver.
The coin’s face is dominated by a robust Lady Liberty, who appears to be standing in the middle of a storm with her hair blowing out. She raises her torch high in her right hand and grasps an olive branch in her left. On the outskirts of the coin, stars march clockwise. The year that the coin was minted is on the face of the coin.
On the back, a touching vignette depicts a family of eagles. The male furls his wings and prepares to land in his nest, where his spouse and youngster are waiting. In the eagle’s talons, it holds an olive branch.
Canadian Gold Maple Leaf
The Canadian Maple Leaf gold coin is one of the most secure assets in the world. The exquisite Canadian Gold Maple Leaf coin has a similar level of security as the beautiful Gold American Eagles.
The Royal Canadian Mint is always at the forefront of innovation. Bullion DNA (Digital Non-destructive Activation) technology, which was introduced in 2013, is one of its most significant improvements.
The 1-ounce gold bullion Maple Leaf Coin has micro-engraved images on the face and reverse, which are evident when held to a light source. Every one of these breathtaking coins is photographed at 300 dpi resolution by the Mint and saved on secure servers. A unique reader, only available to authorized dealers and distributors, verifies the authenticity of one-ounce Maple Leaf coins produced after 2013 in real-time.
The introduction of anti-counterfeiting measures has increased buyer confidence. The Mint has subsequently started utilizing the same technology to produce one-ounce silver and one-ounce platinum Maple Leaf coins.
The Canadian Maple Leaf is made of .9999 pure gold and comes in fractional sizes ranging from five to one hundred ounces.
The coin’s front appears to have a right-facing bust of Queen Elizabeth in pearls, as seen from the front. The reverse includes a single maple leaf, Canada’s national symbol.
The Canadian government guarantees the coins, making the Canadian Maple Leaf gold coin a safe investment for beginners and experts alike.
American Buffalo Gold Coin
The American Gold Buffalo is the first coin struck in the United States with a purity of 24 karats. The U.S. government created the coins, which must be made from gold mined in the United States, in 2006. The Buffalo Nickel, which was designed by James Earle Fraser in 1913, is the source of its distinctive appearance. Franklin Roosevelt commissioned this design in the 1900s as a United States president.
To compete with the Canadian Maple Leaf, Austrian Philharmonic, and other 24-karat coins available to collectors and investors alike. Because of the purity (.9999 fine gold), the coin is softer than the American Eagle. Look after when handling it, so you don’t scratch or scuff the surface.
This has a face value of $50. However, this distinctive American coin, which is produced in the United States, stamped by an American Mint, and guaranteed by the U.S. government, is a reliable investment.
South African Gold Krugerrand
The Krugerrand has had a long and illustrious history since its debut in 1967. The coin is 91.67 percent gold and 8.33% copper, with a distinct hue. It was named for South Africa’s first president, Paul Kruger, and the Rand Refinery, which produces it.
From 1883 to 1900, Kruger served as president of the South African Republic. The Witwatersrand Gold Rush and the Durban Deep Mine were both founded during his term in office. Johannesburg, one of South Africa’s major cities, was established as a result of these events.
The Gold Krugerrand is still one of the world’s most frequently traded gold coins today.
The face of the coin is that of President Paul Kruger in profile, with his flowing beard cascading down to his chest. A wonderful springbok mid-leap is shown on the reverse side of the coin. The springbok is South Africa’s national animal and the name of its rugby team.
The South African Krugerrand is a popular investment choice available in one-tenth-, quarter-, half-and one-ounce coins and four-coin collections. It’s also available in silver.
Austrian Philharmonic Gold Coin
The Austrian Philharmonic, which debuted in 1989 and filled the gap created by South Africa’s sanctions on the Krugerrand, is an excellent illustration of how a relatively obscure song title can be revived. The Philharmonic, a favorite of investors and music fans alike, was the first European one-ounce gold investment coin on the market. It was produced by the Münze Österreich AG, Austrian Mint, and was Europe’s most popular gold coin in 1990.
The popular pipe organ of the Vienna Musikverein’s Golden Hall is shown on the coin’s front, where some of the greatest musicians in the world perform. The Musikverein is a major music venue in Vienna, Austria, and hosts several renowned orchestras, including the Vienna Mozart Orchestra and Vienna Philharmonic.
The coin’s reverse side depicts a group of instruments, including the bassoon, Vienna horn, four violins, and harp, with a cello in the center.
In most European nations, the Gold Philharmonic is not taxed, whereas the silver version is. It’s one of the rare coins to have a face value in euros. Platinum versions are also available.
Gold Sovereign Coin
The British gold Sovereign is made up of .2354 troy ounces of pure gold, making it a good investment choice for bullion diversification.
The obverse of the quarter features a mounted Saint George brandishing a short sword while toppling a dying dragon at his feet. The profile of a Monarch of England, including Queen Victoria, King William IV, King George IV, and Queen Elizabeth II, appears on the reverse.
Chinese Panda Gold Coin
China’s first gold coin was the Chinese Gold Panda, which came after the American Eagle and Canadian Maple Leaf.
The obverse depicts the Giant Panda (China’s national animal) in various postures, while the reverse features the Temple of Heaven. The Temple of Heaven is located on the reverse. The coin is made entirely of gold and has a purity of 99 percent.
The Pandas are metric weights originally available in the ounce sizes. They changed to metric units in 2016. One-gram, three-gram, eight-gram, fifteen-gram, and thirty-gram coins are also offered.
Australian Gold Kangaroo Coin
This coin was initially known as the Gold Nugget because that was the design on its reverse face. However, in 1989, the Perth Mint altered the nugget to a kangaroo, resulting in a name change for the coin.
On the reverse face of the coin, Queen Elizabeth II is depicted wearing her crown, facing regally to the right.
The Kangaroo comes in one kilogram (just over two pounds), one troy ounce, half troy ounce, quarter troy ounce, and tenth troy ounce denominations. It’s also available in high relief forms as well as proof sets.
1/2 Gold American Eagle
The American Eagle gold coin’s half-ounce is so appealing as a bullion investment that it must be recognized separately.
This coin, which was first minted in 1986 and bore a face value of $25 (U.S.), is quite popular among collectors. It’s made up of 91.67 percent gold, 3 percent silver, and 5.33 percent copper and is therefore sturdy.
1/4 Gold American Eagle
The Quarter Eagle is another popular investment choice, offering a fantastic place to start for those just getting started in the market. It’s composed of a quarter ounce of gold bullion that has been verified by the United States government and has a face value of $10 (U.S.).
4 Ways to Buy Gold Coin
Bullion or Bars
Gold bars—also known as bullion—are a popular option for individuals looking to acquire gold. Bullion is most often sold by gram or ounce, and the bar’s purity, manufacturer, and weight should all be legibly stamped on its surface.
Purity is essential when purchasing gold: investment-quality gold bars must be at least 99.5 percent pure gold. If you want to store bars in a gold IRA, this is especially significant; less pure gold, unless it’s a pre-approved gold coin, cannot be kept in an IRA.
Gold Stocks and Exchange Traded Funds (ETFs)
The most significant advantages of equities and ETFs are that you don’t have to keep the metal, and there is a chance for dividend payments. Aside from individual mining stocks, mutual funds may be purchased that invest part or entirely in mining firms. You can look into precious metals other than gold, such as platinum, palladium, and silver. You may also get calls to buy gold futures contracts with an agreed-upon strike price.
SPDR Gold Shares ETF (GLD) holds gold on your behalf. The symbol for the SPDR Gold Shares ETF is GLD. Like equities, the ETF trades intraday and has low expenses.
Gold stocks and bullion prices do not necessarily move in tandem because mining firms succeed or fail based on their own operating success. If the companies you purchase are unsuccessful, you won’t have the physical metal.
Another potential means of obtaining gold is to buy jewelry, especially antique pieces with higher gold content. However, keep in mind that because you’ll be paying extra for the quantity of gold you’re receiving, it may be anywhere from 20% to 300 percent more expensive.
Keep in mind that not everything that shines is genuine gold. To make their products more resilient or alter the color, manufacturers combine gold with other metals.
Gold jewelry is no different from coins in that you should exercise caution while purchasing it. Make sure the individual you buy your jewelry from is reputable.
When you’re selling gold, you’ll want to have as much documentation as possible so that you can vouch for the quality of your gold when it comes time to resell.
Gold coins are attractive collector items. This collector appeal means you’ll pay a higher price for the same amount of gold in coin form than you would for the same amount of gold in bar form. Furthermore, while bars have a greater proportion of gold, coins usually contain less gold. The amount of gold in a one-ounce American Eagle coin is only 91.67 percent, with the rest made up of silver and copper. (However, gold Eagles can still be kept in IRAs.)
You may acquire gold coins from dealers, pawnshops, and individual sellers with who you have faith. If you want to buy your gold coins online, be sure they are from a dealer listed in the U.S. Mint’s database. Whether you purchase your gold coins in-person or online, you don’t want to pay for fakes or bullion that isn’t as pure as you were led to believe.
Should You Buy Gold Coins? Pros and Cons
Gold has the potential to diversify your investment portfolio, which involves holding a variety of assets so that when one sort of investment falls, others will be rising. Gold is also a smart way to safeguard your assets against inflation. However, just like any other investment, there are hazards.
- Gold IRA Transfer Guidelines
- Gold Ira fidelity
- Buying Gold Bars in USA
- Measuring Gold Grams in an Ounce
- Pros and Cons of American Hartford Gold
- Pros and Cons of Noble Gold
- Pros and Cons of Augusta Precious Metals
- Pros and Cons of Goldco
Financial advisors usually advise that you invest no more than 10% of your savings in gold because, unlike a stock or a bond, it is volatile in the short term and will not rise over time like other assets.
Make sure that the gold or financial instrument you’re buying is suitable with your financial objectives, and risk tolerance before making a purchase.
- Gold is a physical asset that is readily available, making it simple to find a buyer if you need to sell.
- The price of gold has long been regarded as a hedge against inflation since, like other commodities, it has tended to keep pace with the cost of living.
- Gold is a good way to diversify your portfolio because it typically rises when other assets, such as equities and property fall in value.
- Gold does not generate a profit or pay a dividend, as do bonds or stock. These other assets are more likely to outperform gold.
- Gold prices can be volatile.
- Buying, selling, and keeping gold as an investment comes with a number of additional expenses.
When it comes to buying a coin, you should always ask what your long-term investment objective is. While the cut and finishing quality of gold coins can have an immense impact on their short-term premium, commodity value will take precedence in the long run. The best way to find out which set of qualities matter most for your needs is by doing some research online or with a knowledgeable dealer that specializes in this area.