Gold is considered a good investment and gold coins provide an easy and accessible way for anyone to add gold to their investment portfolio.
In this article, we profile nine of the world’s best gold coins for investors and look at some of the advantages and disadvantages of gold coins as an investment.
The pros and cons of gold coins for investors
Investments always carry a certain amount of risk. Gold as an asset is considered one of the most stable investments, but even gold coins come with pros and cons.
Pros of gold coins for investors
- easy way to invest in gold
- often increases in value during uncertain times
- safeguards against inflation
- no capital gains tax unless you sell
- discreet investment
- in extreme destabilisation, gold can be used to buy essential goods.
Cons of gold coins for investors
- significant monetary investment
- must be kept safe from theft
- doesn’t gather interest
- price is sometimes stagnant for years.
1. Krugerrand
South Africa’s original Krugerrand was minted in 1967, making it the first gold bullion coin in the world! The one-ounce Krugerrand is made from 22-karat gold alloyed with 8.3% copper for durability.
Krugerrands are one of the most recognisable and widely available gold coins in the world. They are often the most cost-effective way to invest in a one-ounce gold coin. Other weight options range from two ounces to 1/50 ounce.
2. American Eagle
The American Eagle is a popular coin among investors. It’s the official gold bullion coin of the US. The coin contains 91.67% pure gold (22 karat) alloyed with silver and copper for added durability and scratch resistance.
They are popular among investors because of their availability and tradability. They are a very good liquid investment option. The one-ounce coin is legal tender with a face value of US$50.
3. Austrian Philharmonic
The Austrian Philharmonic, also known as the Gold Phili, is one of the most popular gold bullion coins in Europe. It contains 99.99% pure gold (24 karat). The coin is prized for its beautiful homage to the world-renowned Vienna Philharmonic Orchestra.
The Austrian Philharmonic is frequently named the world’s best-selling gold coin by the World Gold Council. It’s the only gold bullion coin with a face value in euros. When the euro was introduced, the coin’s nominal value was changed to €100.
4. Canadian Maple Leaf
The Canadian Maple Leaf is known for its purity. It contains 99.99% pure gold (24 karat). It was the first gold coin to achieve this level of purity. The one-ounce coin is considered legal tender with a face value of CA$50.
It’s a popular coin with investors because of its recognisability and reliability. It boasts exceptional security features, including radial lines behind the laser micro-engraved maple leaf.
5. Australian Kangaroo
The Australian Kangaroo, also known as the Australian Gold Nugget, is produced by the Perth Mint. The coin is made from 24-karat fine gold and features a new design every year, making each one a collector’s item.
The one-ounce Gold Kangaroo is legal tender in Australia with a face value of A$100. The coin is available in multiple different weights, ranging from 0.01 ounce up to one kilogram.
6. British Britannia
The British Britannia is produced by the Royal Mint and contains 24-karat gold. Britannia coins are also collector’s items due to their historical significance. The coins feature Britannia, the personification of Britain.
The coin has a face value of £100 and is exempt from Capital Gains Tax (CGT). This makes them popular with investors buying gold coins for the first time and investors looking for a low-margin gold investment.
7. Chinese Gold Panda
The Chinese Gold Panda is among the purest gold bullion coins in the world. It is issued by the People’s Bank of China and contains 99.99% pure gold (24 karat).
The design on the back changes every year, making them both an investment and a coveted collector’s item. The gold panda has a strictly limited mintage. The one-ounce Chinese Gold Panda has a face value of 500 Yuan.
8. American Buffalo
The American Buffalo, also known as the American Bison, is the first 24-karat gold coin minted by the US government. It was immediately popular, so it has increased dramatically in value since its release in 2006.
The coin is popular with investors for its purity and cultural and historical relevance. The one-ounce American Buffalo coin has a face value of US$50.
9. Mexican Libertad
The Libertad is minted by La Casa de Moneda de Mexico, the oldest mint in the Americas. The coin contains 99.9% gold, making the coin popular for its purity.
It is coveted for its representation of Mexican culture on the face. The design is reminiscent of the famous Centenario, a 50 peso gold coin. This makes it a collector’s item as well as a good gold investment.
Loans against gold coins in South Africa
At LoanAgainst, your gold coins can be used as collateral for a short-term loan. This is an easy way to access the value of your gold coins without having to sell them.
Your gold coins will be stored securely while they stand surety against the loan. When the loan is repaid, they are returned to you.
You don’t have to break up your investment portfolio, but you can still make your assets work for you.
Contact us on 079 726 4690 to find out how you can use gold coins for investors as collateral on a loan. Alternatively, you can apply online now for a loan.