Over time, gold coins have been collected, as an investment or savings, or in earlier times, as a simple display of wealth. Gold coins have increased in popularity and value in recent years. Many countries have their own national gold bullion
coin, often with a new design to commemorate the beginning of a new
year. Some of these coins include the South African krugerrand, the
British Brittania, the American gold eagle, the Canadian maple leaf, the
Chinese gold panda, and the Australian gold nugget. Gold coin prices depend on a variety of different factors including age, rarity, and condition. Other things to consider when looking at gold coins for sale is the liquidity of the coin, its weight, purity and status in the gold bullion coin market.
Investing in and buying gold coins for sale
Finding gold coins
There are a variety of ways in which to find gold coins for sale. Gold buyers are always on the lookout for gold coins. Some of the places to go, as an investor or gold buyer include online auction websites, private gold dealers,
secondhand jewellery stores, through coin collecting publications, or
simply by doing an online search. Some coins are easier to source and
purchase than others, and the prices usually reflect how accessible a
particular coin is on the market. Some coins start at around US$100 in
contrary to some coins that can reach up to US$25,000 each. It is really
up to the investor to decide how much they will invest in each gold
bullion coin.
The South African Krugerrand
The South African gold krugerrand
has been the national bullion coin of South Africa since 1967, and was
initially intended to be circulated as currency. In 1980 the krugerrand
accounted for 90% of the gold market, and really set the trend for
national bullion coins. Over 46 million ounces worth of gold krugerrand
coin has been produced since it was first minted in 1967. The krugerrand
comes in denominations of 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce.
The "proof krugerrands", are rarer and are therefore sold at a higher
margin than standard krugerrand coins. There are also several
collector"s and commemorative gold coins for sale on the market.