Investing Guide

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Best Gold Coins for Investing

Best Gold Coins for Investing

Gold has been admired in almost all human cultures. This precious metal has unique properties. Gold is enormously malleable, conducts electricity, doesn’t smudge, alloys fine with other metals and is easy to use in wires or any sheets.

Not to mention, gold is incomparable in its natural luster and glossy shine. Because of these unique properties, gold has been used in almost every sphere of modern life in some way, shape or form. Gold usually tends to go up when other investments failure, providing a constant effect for your portfolio. Gold is a wall that is built for protection against inflation.

Some of the best gold coins for investment are:

1. American Eagle Gold Coin

The US Gold Eagles are much popular in United States. This US Eagle Gold Coin was launched in 1986 in four different sizes (1 oz., 1/2 oz., 1/4 oz., and 1/10 oz.) at 22K purity. Because of 22K purity (being mixed with harder alloys) it becomes tougher and has less wear and tear. The market value of the coins depends on the content (weight) of the gold, not on their face value and the price totally depend on the current spot price of gold.

2. Canadian Maple Leaf Gold Coin

The Canadian Maple Leaf Gold Coin is annually issued by Govt. of Canada and produced by the Royal Canadian Mint in 1979. It is the first ever 24K coin with the purity level of 99.9%. Maple Leafs are widely accepted and traded among all bullion and coin markets. It is the most popular gold coin with nearly 40 million Maple Leaves expected to be in circulation.

3. Australian Kangaroo Gold Coin

Kangaroo Gold Coin was produced by the Perth Mint in 1989. It is 24K gold coin with the purity level of 99.99%. Kangaroo Gold Coin is widely traded in gold bullion market.

4. Chinese Panda Gold Coin

China has a rich history of precious metals like gold and silver. China issued first gold coin with Panda design in 1982 with the purity level of 99.9% (24K). Gold panda coins are of 4 sizes: 1 oz., 1/2 oz., 1/4 oz. and 1/10 oz. Chinese Mint usually does not mint mark their coins. China is now the world’s largest gold producer with ambitious growth plans both domestically and worldwide to accumulate as much gold as possible.

5. Indian Jindal Bullion Coins

India also has rich history in precious metals. India is the largest consumer of Gold and Jindal Bullion is one of the leading precious metal dealers in India. Jindal Bullion Coins are widely accepted in all bullion markets. Jindal Bullion produces gold coins with the purity level of 99.5% (24K).

6. Turkish Republic Gold Coin

Turkey is a very big producer of gold coins. Turkey has world’s biggest gold market for selling/buying and fixing of gold. The demand mostly comes from Middle East. Turkey is open to use gold as a form of money and there are no taxes or restrictions in it. Their banking sector openly accepts gold and views it as money, allowing for a range of services like gold checking accounts, gold jewelry to be turned in for cash equivalents, gold ATMs, and other services.

7. Austrian Philharmonic Gold Coin

Austrian Philharmonic is the name of Gold Coin produced by Austrian Mint. First Gold coin was introduced in 1989 which was one troy ounce (oz.) and had a face value of 2,000 Austrian schillings (ATS) and is one of the world's best-selling gold coins. After the adoption of the euro currency in 2002, the value of the one ounce coin was changed to €100.

8. South African Krugerrand Gold Coin

The Krugerrand is the name of South African Gold Coin, produced by South African Mint in 1967. In 1980 the Krugerrand captured 90% of the global gold coin market. Here the name Kruger implies “the man depicted on the obverse” and the Rand is the unit of South African Currency.

DISCLAIMER: The views expressed in this blog are those of the author and may not reflect those of Jindal Bullion Limited. The author has made every effort to ensure accuracy of information provided; however, neither Jindal Bullion Limited nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Jindal Bullion Limited and the author of this article do not accept culpability for losses and/or damages arising from the use of this publication.