The gold market in general is absolutely full of opportunities for those people who are prepared to exploit it. From gold coins to mining companies to the gold based funds that are becoming so popular, how are people supposed to choose? The best approach is to use a bunch of different gold investment options, one of which must be gold coins. The big decision that must be made is as follows: Which gold coin is the right one for me? Here are the top 10 coins to buy and own.
1. Canadian Maple Leafs
It all starts with costs for these coins and the Maple Leafs have some of the lowest costs around. You will pay less markup on this coin than you will with similar American coins and you still get the value that comes along with buying one of the market’s most popular items.
2. American Eagles
The old, trusty American choice is the American Eagle coin. The benefit of owning one of these coins has to do with its remarkable resale ability. People always want these coins, which gives you the power to sell when you want to. In a market where the price is constantly fluctuating, it is easier to play the market’s game when you have a coin that’s in high demand.
3. UK Sovereigns
The United Kingdom’s version of the Sovereign Coin has been around for centuries and it retains its value as well as any coin in the world. The only downside is that it can be difficult to locate if you are an investor in the United States. If you do find the Sovereign, it makes sense to add it to your coin portfolio.
4. Australian Sovereigns
Similar to the UK version, this Australian bullion coin is a spin off. It is becoming a more popular choice for gold investors around the world and part of the appeal of this coin has to do with the strength of the Australian economy, even in difficult times.
5. South African Krugerrand
South Africa has always been a player in the gold world, especially with such large mines being located in close proximity to the country. The Krugerrand is thought by many to be the best gold coin in the world, so that is worth taking into consideration.
6. Chinese Pandas
The Chinese entry into the coin world is a popular choice because the Panda is one of the only gold coins out there that is a part of the legal tender. If you own this coin, you can actually spend it liberally in China without having to find a gold buyer.
7. Austrian 24k Philharmonics
These coins are some of the best out there for short term growth, so if you are looking to strike it rich with gold coins, this is a good buy right now.
8. 22K Saint Gaudens Double Eagles
In terms of buying coins for the run, these are a good bet. They have all of the qualities that investors look for in coins that are going to hold their value over the long run.
9. Lady Liberty Double Eagles
Similar to the Saint Gaudens Double Eagles, the Lady Liberty version is another long-range type of coin. Its purity, long range demand, and other factors create the perfect storm for preservation.
10. Australian Gold Nugget
Many of the Australian coins have come on strong in the last couple of years and the Nugget is no different. The growth potential is strong with this coin and it’s a nice diversification tool for those highly invested in Western coins.
Coins are an excellent choice because you can hold them right in the palm of your hand. You know that they are real and you have a tangible asset to handle in a manner that you please.