Gold coins are often seen as a great investment because they hold their value and can even increase over time. While some of the rarest gold coins can sell for millions, you don’t need to spend that much to start investing. In fact, there are gold coins available for as little as $260 that still make a solid investment.
According to experts at the United States Gold Bureau, there are several factors to consider when buying gold coins, such as how easy they are to recognize and how liquid they are if you decide to sell.
Gold is known for being a hedge against inflation, and since it’s a limited resource, its value generally remains stable over the long term. If you’re considering buying gold coins, here are four that offer good value for your money.
Gold American Eagle
One of the most popular coins in the U.S., the Gold American Eagle, is a trusted option for both collectors and investors. The 2023 version features an image of Lady Liberty on one side and a bald eagle on the other. Made from 22-karat gold, it’s durable and resistant to scratches.
Plus, the Gold American Eagle is backed by the U.S. government, making it a safe and reliable choice. Authorized under the Gold Bullion Coin Act of 1985, these coins are made with gold sourced entirely from the United States and are alloyed with silver and copper for extra durability.
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Austrian Gold Philharmonic Coin
Austria’s Gold Philharmonic Coin is another great investment. Made from 0.9999 fine gold, this coin is not only valuable for its gold content but also appreciated for its beautiful design, featuring musical instruments like the cello, violin, and harp.
Whether you’re a coin collector or a precious metals investor, this coin stands out. Coins minted before 2002 show their value as 2000 Schilling, while those from 2002 onward are marked with a 100-euro denomination. Currently, you can get a 1/10-ounce Gold Philharmonic Coin for as low as $260 on the Ampex website.
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South African Gold Krugerrand
The South African Gold Krugerrand has been a favorite for investors since it was introduced in 1967. Initially created to encourage South Africans to own gold, the coin quickly gained international popularity.
Despite a ban on imports due to apartheid policies in the 1970s and 80s, the Krugerrand still managed to become one of the most widely recognized gold coins in the world.
Today, it is available in various sizes, with 1/10-ounce coins selling for under $300 on sites like JM Bullion. Each coin is made from 22-karat gold with a small amount of copper added for durability.
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Canadian Maple Leaf Coin
Finally, the Canadian Maple Leaf Coin is a solid choice for those looking to invest in gold. Made with either 0.999 or 0.9999 pure gold, depending on the date, this coin features an image of Queen Elizabeth II on one side and a maple leaf on the other.
It has a face value of $50 Canadian but is worth much more due to its gold content. Currently, you can purchase a 1/20-ounce Gold Canadian Maple Leaf Coin for less than $200 on the Kitco website, making it an affordable entry point for new investors.