An interesting aspect about gold bullion coins is that they are currency, and today the value of the gold content far exceeds the face value of the coin. They are also a commodity, because the metal is traded by weight on the open market. They are a hedge against economic uncertainty and many people collect gold bullion to insure against economic difficulty. Gold can also be worn as jewelry.
When you are purchasing gold bullion coins it is good to know what gold bullion coins other people are buying so when you sell gold bullion coins you will know which ones have liquidity.
The most widely held gold bullion coin is the South African Krugerrand, which was introduced in 1963 and for a considerable time was the one of a few gold bullion coins minted worldwide. It is estimated that over 50 million Krugerrand bullion coins have been sold.
The 1 ounce American Gold Eagle is the next most popular gold bullion coin. From its introduction in 1986 over 11 million American Gold Eagle bullion coins have been minted. It is legal tender with a face value of $50. It contains exactly one troy ounce of gold and is considered 22 karat because a copper-silver alloy has been added to give the coin the necessary durability to withstand the handling of a legal tender coin. The coin weighs 1.09 troy ounces to account for the addition of the alloy.
The next place in popularity is the Gold Bullion American Gold Eagle in the 1/10th troy ounce size. The minting numbers on this coin, since its introduction also in 1986 is over 10 million. Face value on this coin is $5. This coin is also 22 karat with a copper-silver alloy added for strength. The weight is actually .1091 troy ounces to allow for the addition of the alloy. The gold content is exactly 1/10th of a troy ounce.
The Canadian Maple Leaf has high minting numbers but the design is changed slightly so each year is unique. This coin has some of the purest gold content and it is minted from Gold mined in Canada. Fineness for the Canadian Maple Leaf is .9999 with one year produced at 5 9s for one of the purest gold bullion coins anywhere. This coin, although it is legal tender, is better collected uncirculated because it is so soft.
The Chinese Gold Panda, the Gold Zodiac and the Gold Yuan are some of the most popular Asian coins.
The British Gold Sovereign is one of the oldest gold bullion coins, minted as early as 1489. These coins win the prize for age and rarity. A word of caution is in order because collecting rare coins is a risky business and unless you know exactly what you are doing you can be easily duped into paying a high price for a coin that may not have the necessary collector appeal or value.
Whatever gold bullion you buy, check the spot price of gold and pay no more than 5%-20% over the spot price of gold for gold bullion coins. Check out our Gold Bullion Coins page for more details on each coin and where to buy for the best pricing.