Buy Gold Coins – The Best Types of Gold Coins to Buy

Gold has always held a unique fascination with people. Even if you are not a collector of gold-related pieces you have still bought some at one point or another in your life. Whether you have bought gold jewelry, gold coins, or even a small bar of gold there is usually a nice upside to it.

 

Gold seems to be on the rise right now. Prices per ounce are at an all-time high and are only projected to go up. A great way to get yourself invested in gold is to see out and purchase gold coins.

 

Gold coins are near the top-if not already at the top of almost every collector’s list of items to buy. There are a few reasons for this…

 

 

When trying to determine what coins you should really go after it can be difficult. There are hundreds of different gold coins in the world and most of them are highly sought after. That being said I have put together a list of 10 of the most prized and sought-after gold coins. This list may differ from other lists and the list is not in any order. The following coins are proven collector items and the value they possess is unmatched by other coins.

 

 

This gold coin known as the “Saint”, has over the years assumed a very high place in the hearts of collectors worldwide. Most collectors and issuers consider this coin to be the greatest gold coin ever issued. The coin is named after its designer, Augustus Saint-Gaudens, who was in a major player in U.S. sculpture. Also known as the $20 gold piece it is a reflection of old Greek art. While not as pricey as some of the other coins, it holds a distinction over other coins in its beautiful and sought-after layout and design. Expect to pay between $550-$1000 for this classic piece.

 

 

This coin was originally rolled out in 1907. The Indian Head Eagle or $10 gold piece, is a gorgeous piece of work and has earned the right to be on every collector’s list. In high mint grades, this coin would run around $600 but in lower mint grades from 1908 to 1933 you can purchase one without any major defects for around $400.

 

 

The Capped Bust series of eagles only lasted for about a decade yet it remains one of the more popular finds among collectors. It is said that the entire montage for the series was only about 65,000. The Capped Bust series has a very appealing design with the right-facing bust of Liberty on the front and either a small eagle or heraldic eagle on the back. A collector can expect to pay anywhere from $2,800-$11,000 on this coin, depending on the grade.

 

 

Between 1854-1889 there was a series of $3 gold pieces issued. The mintage of these coins was very low, usually under 10,000 and in some cases under 1,000. This in turn (along with the interesting Princess design) makes these coins even more sought after. Though these coins are not for the low-budget buyer they are in fact still worthy of the price. Expect to pay anywhere from $4,000-$10,000. Considering the rarity of the coin it is a very good investment.

 

This coin is one on the list that has a direct connection to what it commemorates, which in many collectors’ eyes makes finding this coin even more significant. The 5 coins were released for the Panama-Pacific Exposition which marked one of the most important events in U.S. history, the completion of the Panama Canal. Depending on the grade you can expect to pay between $3,000 to upwards of $15,000 — another reason you should buy gold coins before the price rises even more.

 

These $20 gold coins are not only beautiful but also rare. Only 35 coins were made with the date and this particular proof coin is considered the Rolls Royce of gold coins. For the high-end buyer, expect to pay between $9,000 and $35,000 for a chance to own one of these proofs.

 

Humbert was responsible for a series of gold coins and his $50 “slugs” seem to get the most attention. Collectors enjoy this coin as it has a significant story to tell, coming directly out of the gold rush in 1849. It tells a little about the rush as one of the most important pieces of American history when it comes to gold. Pricing was not available for this coin although an original $50 gold piece would be worth thousands upon thousands today.

 

Sometimes designated as the Coronet Eagles, these coins were issued as part of American life for over 75 years. Though minted for a long period of time these cons are extremely valuable as the starting price for collectors is usually no less than $10,000. Although you may obtain a common date one for just a few hundred dollars if this is a route that interests you.

 

These coins are unique to other collectible coins in the fact that their main design is “incuse”, or, recessed below the surface. This makes it more difficult for graders to grade them with constant consistency and accuracy. The Indian $5 gold piece is on the top of many collectors’ lists and is considered one of the more collectible coins of all time. While you may pay over $10,000 for a coin like this you may be able to find a steal for a few hundred because of the grading difficulty.

 

The Liberty Head $20 gold piece does not get the same attention as other pieces but nonetheless is still a very desirable coin. What makes it appealing is it contains a full ounce of gold and along with its size makes it an attractive piece to own. 1857 S-type 1 is worth over $100,000 and even has a web page dedicated to its beauty. Don’t fret as a collector can find lower grades from $400-$600.

 

 

 

Gold coins auction are circular coins that are partially or wholly made up of gold. The use of coins in business was common in older times and its exchange gave birth to the era of coinage. However, coinage came to an end in the twentieth century after the great depression. The end of coinage put a full stop to the trade of gold coins. Nowadays coins are not only collected by history enthusiasts but also used as bullion coins. Bullion coins are those coins, which are used for investing in gold without considering their nominal value.

 

 

Metals like gold and silver have been an essential part of trade and their use in business dates back to the ancient civilizations of Egypt and present Iraq. Fernand Braudel, the famous French historian said that gold and silver were the lifeblood of Mediterranean business deals in the 2nd millennium BC. However, the first coins to be produced were in the 6th millennium BC in present Western Turkey. These coins bore faces of bull or lion on one side of the coin and a seal or punch mark on the opposite side. This gave birth to the coinage era that kept on evolving in different cultures and civilizations. The use of gold coins remained popular until the Great Depression in 1933, when the American government took over all the gold coins to restore national wealth. This put an end to the coinage era in all parts of the world.

 

 

The reason why gold is considered a good way to exchange value is that it can be broken down into smaller portions without affecting its value. Generally, gold coins are preferred to silver coins because they have a higher value and lesser weight, making them easy to transport from one place to one. Molten gold is used to form ingots, which are purchased for their high value. Unlike other metals, gold takes much longer to decay. It has a higher density than most of the other metals and can be distinguished from the fake. Due to the scarcity of gold, it has a very high value – this makes finding out ways to invest in gold extremely important.

 

 

There are many kinds of coins in different parts of the world. American Eagles, Australian and UK Gold sovereigns, Chinese Pandas, South African Krugerrands, and Canadian Maple Leafs are famous coins. Amongst different types of coins, Australia and UK sovereigns and American Eagles are the most famous ones. Since these coins do not have a fixed size, their resale value is decided by calculating the amount of gold in them. The value of coins is irrespective of their nominal value and is determined by the weight of the coin.

 

 

Nowadays, gold coins are considered a profitable investment. Since the value of gold always remains high, it is considered a profitable asset. Another reason why gold holds an important place is because the national wealth of most countries is assessed by the amount of gold they have. Regardless of your location, investing in gold coins is profitable. Gold is highly valued in all cultures and countries.

 

 

Before buying gold, you should conduct thorough research on the prevalent prices of gold in different markets. The purest form of gold is measured as 999 parts to 1000. A moderate type of gold is measured on a scale of 917 gold parts to 1000. The purer the gold coin is, the higher is its value. The value of gold depends upon various factors. Hence, it is necessary to have prior knowledge about coins, their make, amount of gold, and the type of gold coin before purchasing them.