Gold investment coinsprovide hedges against currency debasem*nt and devaluation. Yet when investors search the Internet forinformation aboutgold investments, they often are confused by the many sites that promote numismatic and collector coins, which sell at high premiums to theirgoldcontent.
Gold bullion coins, on the other hand, sell at small premiums over the value of theirgoldcontent and make the bestgold investments. This website attempts to clear up any confusion by offeringinformation on gold, by explaining the advantages of bulliongoldcoin investments over numismatic coins, and by discussing the attributes that makegold bullion coinsthe bestgold investment.
Buying gold investment coins
Americans regained the “right” to owngold bullionon December 31, 1974. Previously, since President Roosevelt’s 1933 “gold call-in,” Americans could own only numismatic coins whose prices were determined more by collector interest than by the value of theirgoldcontent. Numismatic and collector coins sell at huge markups, sometimes at prices many times the value of their goldcontent.Gold bullion coinssell at small markups over the value of theirgoldcontent.
New Era in gold investments
The 1974 restoration launched a new era ingold investments. Trading in restrikes of the Mexican 50 Pesos and Austrian 100 Coronasgold bullion coinsbecame quite popular. However, it was the introduction of South African Krugerrands that laid the foundation for today’s vibrantgold bullion coinmarket.
The best-selling gold investment coins
Today,American Gold Eaglesare the best sellinggold investmentbullion coins in the world. TheKrugerrand, although now rarely imported into the U.S. for the investment market, remains immensely popular, with thousands trading daily in the U.S. Krugerrands generally sell at smaller premiums over spot than Gold Eagles
Still, Gold Eagles are the best selling gold bullion coins in the world, as millions of investors have made them their preferred gold investment. Current year Gold Eagles are available.
Other gold bullion coins
Canadian Maple Leafs, once nearly as popular as Gold Eagles, have fallen into disfavor asgold investmentsbecause the coin’s design results in the coins being easily scratched and damaged, which results a weaker re-sale market.
Gaining popularity in the U.S. are the Perth Mint 1-oz Kangaroos, which are .9999 fine (pure) gold. Each coins comes in a protective plastic capsule, which keeps the coin in pristine condition. Generally, Kangaroos sell at lower premiums than Gold Eagles.
Mexican 50 PesosandAustrian 100 Coronasare lesser knowngold bullion coins, which often can be bought at smaller premiums than Krugerrands, make excellentgold investments. Gold bullioninvestors seeking low premium gold coins should always inquire about the availability of Mexican 50 Pesos and Austrian 100 Coronas.
Gold Eagles and Krugerrands carry greater appeal than 50 Pesos and 100 Coronas for several reasons. First, a Gold Eagle and a Krugerrand contain one ounce ofgold. By contrast, the 50 Pesos contains 37.5 grams (1.2057 ounce) and the 100 Corona .9802 ounce. Americans are more comfortable with ounces than with grams or fractional ounces.
Additionally, Gold Eagles and Krugerrands have theirgoldcontents stamped on them in English. In contrast, 50 Pesos have “37.5 Gms ORO PURO” stamped on them and 100 Coronas do not have theirgoldcontent on them.
Less-known gold investment coins
Less-knowngold investmentcoins include Austrian Philharmonics andHungarian 100 Koronas(sister coins to the Austrian 100 Coronas).
Although there are othergold investmentcoins, mostly old Europeangold bullion coins, they should be avoided by most investors. Old Europeangoldcoins rarely have theirgoldcontent stamped on them. At times though, old European gold coins are available at very low premiums, which appeals to many investors. When CMI Gold & Silver Inc. has low premium old European gold coins, we usually post them on our Gold Specials page.
Gold investments for the long-term
CMI Gold & Silver Inc. is not in the business of predicting short-term price moves in thegoldand silver markets. Yet we are confident thatgoldand silver prices will work their way higher over the long-run because of the financial state of affairs in the U.S.
As noted on this page, we recommendgold bullion coinsthat sell at small premiums over the value of theirgoldcontent, not collector or numismatic coins.
For readers interested ininvesting in gold, we encourage them to follow the links on this page for specific information about the variousgold bullion coinsavailable asgold investments.
After perusing the pages, please call if you have questions or would like to discussgold as an investment. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays. For still more information about doing business with us, visit our Doing Business With CMIGS page.
I am an expert in precious metal investments, particularly gold, with extensive knowledge gained through years of hands-on experience and research in the field. My expertise is grounded in a deep understanding of the historical context, economic implications, and market dynamics surrounding gold investments.
In the provided article, the key concepts revolve around gold investment coins, specifically highlighting the advantages of gold bullion coins over numismatic coins. Let's break down the relevant information:
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Gold Bullion vs. Numismatic Coins:
- Gold bullion coins are recommended for investment due to their small premiums over the value of their gold content. In contrast, numismatic coins, which include collector coins, often sell at high premiums based on collector interest rather than the intrinsic value of their gold content.
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Historical Context:
- The article mentions the pivotal year 1974 when Americans regained the right to own gold bullion, ending restrictions that had been in place since President Roosevelt's 1933 "gold call-in." This event marked a new era in gold investments, allowing for the trading of gold bullion coins.
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Popular Gold Investment Coins:
- American Gold Eagles and South African Krugerrands are highlighted as the best-selling gold investment bullion coins globally. Krugerrands, despite being less imported into the U.S., remain popular, with Gold Eagles leading as the preferred choice for millions of investors.
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Other Gold Bullion Coins:
- Canadian Maple Leafs have fallen out of favor due to design issues affecting resale value. The Perth Mint 1-oz Kangaroos are gaining popularity in the U.S. for their .9999 fine gold and lower premiums compared to Gold Eagles. Mexican 50 Pesos and Austrian 100 Coronas are less-known but can be bought at smaller premiums than Krugerrands.
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Gold Content and Stamping:
- Gold Eagles and Krugerrands are preferred over 50 Pesos and 100 Coronas due to containing one ounce of gold and having their gold content stamped in English. This aligns with the preference of American investors who are more comfortable with ounces.
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Less-Known Gold Investment Coins:
- The article mentions lesser-known options like Austrian Philharmonics and Hungarian 100 Koronas. It advises against old European gold bullion coins, which may lack stamped gold content information.
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Long-Term Perspective:
- The article emphasizes a long-term perspective on gold investments, predicting higher gold and silver prices over time. The recommendation is to focus on gold bullion coins with small premiums over their gold content, avoiding collector or numismatic coins.
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CMI Gold & Silver Inc.:
- The article is associated with CMI Gold & Silver Inc., a company that does not predict short-term price moves but encourages investors to consider gold bullion coins. The company provides specific information about various gold bullion coins available for investment.
In summary, the article aims to guide investors through the complexities of gold investments, emphasizing the benefits of gold bullion coins and providing insights into specific coins and market trends.
