COLORADO PRECIOUS METALS EXCHANGE
Where to Buy Gold Coins In Denver
Owning some real gold offers many advantages you don't get with other investments. Gold is traditionally a great hedge against inflation and a falling dollar.
We will cover the do's and don't to buying gold coins. Where to buy gold coins and where not to buy gold coins. Investing in bullion gold coins is not complicated. Things we will cover:
- Why buy gold coins?
- How & where to buy?
- Which gold coins should you buy?
- Should you invest in numismatic gold coins?
- What are the most popular gold coins?
- What's the best place to buy gold coins?
The Many Reasons for Buying Gold Coins
-You can hold it in your hands
- No counterparty risk. If you own physical gold your investment is not tied to any government or bank.
- Gold is highly liquid through the world. Gold is always in demand and can be easily converted to cash or traded for goods.
- Gold coins can be easily stored in a safe or in a safe deposit box.
- Gold coins are great for also being a private investment. Unlike other investments gold is not easily tracked.
- Gold is very easy to transport. You can bring gold coins anywhere in the world and exchange them for local currency.
- Gold is traditionally a great store of value.
- No special knowledge is need when investing in Bullion Gold Coins.
The Best Gold Coins to Buy
Unless you are knowledgeable in numismatic coins it is best to stick with Bullion Gold Coins.
Gold Bullion coins are gold coins that's value is derived from the gold coins amount of gold. For example a 1 oz Gold Maple is priced off the 1 oz spot price of gold.
There are a number of government mints that produced gold coins each year. These gold coins are usually referred to as "sovereign" coins because they where issued by governments.
Gold Coins are also produced by private mints. Most of the time these coins are less desirable.
When investing in Gold coins it is best to buy sovereign coins because they are recognizable around the world.
The Most Popular Gold Coins
The most popular sovereign gold coins in the world are the following six. They are also all eligible to put in your IRA.
One Ounce American Gold Eagle
Purity .9167 (22-karat)
$50 face value
Backed by: United States government
Can also be bought in half, quarter, and tenth-ounce denominations
Special Note: Most popular gold coin in the world
One Ounce Canadian Maple Leaf
Purity .9999 ; $50 Canadian face value
Backed by: Commonwealth of Canada
Can also be bought in half, quarter, tenth, and twentieth-ounce denominations
Special Note: Royal Canadian MintâÃÂÃÂs advanced security measures make this the most secure gold coin in the world.
One Ounce Austrian Philharmonic
Purity .9999
Backed by: Republic of Austria
Can also be bought in half, quarter, tenth, and twentieth-fifth-ounce denominations
Special Note: Widest coin currently made; until 2001, was the worldâÃÂÃÂs top selling gold coin
One Ounce Australian Kangaroo
Purity .9999
$100 Australian face value
Backed by: Australian government
Can also be bought in half, quarter, and tenth-ounce denominations
Special Note: The Perth Mint produces a new depiction of the Kangaroo every year
One Ounce South African Gold Krugerrand
Purity .9167 (22-karat)
No face value
Backed by: Government of South Africa
Can also be bought in half, quarter, and tenth-ounce denominations
Special Note: Oldest circulating bullion coin in modern history
One Ounce American Gold Buffalo
Purity .9999
$50 face value
Backed by: United States government
Special Note: The newest sovereign coin, first manufactured in 2006; greater purity than the Eagle.