Investing in Gold: How to Choose Between Different Types of Gold Coins

types of gold coins

Can you believe that less than 11% of the American population owns some form of gold?

If all your money is tied up in fiat currency, for instance, you could be putting your finances at risk. Unlike paper money, gold has a much more solid worth and would even have worth if the entire economy collapsed. This is why it’s a good idea to start adding gold to your financial portfolio.

Are you intimidated by the many choices you’ll face when investing in gold? Keep reading to learn how to choose between different types of gold coins.

British Horses

If you want to buy gold coins, then you can’t go wrong with the high purity of the Royal Mint’s coins. These have a whopping .9999 of pure gold that would truly boost the worth of your precious metal collection.

Adding to the elegance of these coins are original horse designs by Wuon-Gean Ho. This mint is new in the grand scheme of things, dating back to 2014 and inspired by the Lunar Year of the Horse.

American Gold Eagle

Simply put, the American Gold Eagle is one of the most popular gold coins. When investing in this coin, you’ll be glad to know that each one boasts 31.1 grams of pure gold. As if that wasn’t enough, they also come with an alloy made of silver.

Counting the copper in the alloy, the coin’s weight clocks in at almost 34 grams. Depending on the size of the American Gold Eagle, you could have one that’s rarer than the others and thus worth more.

South African Krugerrand

The first minting of this coin dates back to the late 60s. The South African government minted it with the specific purpose of using it for gold trading and legal tender.

This one-ounce coin has almost 92% fine gold content and is the perfect choice for someone who wants to introduce variety to their precious metal collection. There are several other versions of this count that have different weights. The smallest one is 1/10 of an ounce.

Double Eagles

The history of this vintage coin dates back to 1849. The name “double eagle” comes from the fact that these were originally worth double the price of the largest coin that had been minted until that time.

The fine gold content is a hefty 90%. The worth of this coin is even higher if it’s closer to mint condition.

Are You Ready to Choose Between Types of Gold Coins?

Now that you’ve learned how to choose between types of gold coins, you can make sure you curate one of the most valuable collections. Diversifying your portfolio is the foundation of financial success. Be sure to let your friends and family members know how they can do it too.

We’re proud to offer you the best precious metals on the market. From gold coins to silver ones, you’re sure to love our highly-rated selection. Our prices allow you to save money, especially when buying in bulk.

Feel free to contact us if you have questions.