For those new to the precious metals investment market, it's okay to feel overwhelmed by the long list of investment options available to explore. The precious metals market is so diverse with investment options ranging from mutual funds to gold-backed exchange funds or gold mining stock among others. There is even "digital gold" for those interested in alternatives like that. But even if you are a fan of the more physical precious metals investment options and you prefer to buy good old gold coins or gold bullions, there are still a lot of investment options there for you as well. There are several types of gold bullion coins to invest in. Here are some of the most popular options in the market.
The American Eagle
The Gold American Eagle coin was introduced in 1986 and has been in really high demand ever since. Not only is this coin one of the most popular gold coins out there, but its design is also considered as one of the most beautiful of the American coins. It is based on the design of the very popular Augustus Saint-Gaudens Double Eagle of 1907. Given its widespread popularity, this coin will most likely be a very smart investment option for anyone.
Canadian Maple Leaf
Another coin widely reputed for its beauty is the Canadian Maple Leaf. This coin is often called the most beautiful coin in the world by many. The Maple leaf was introduced in 1979 and was intended to be an alternative to the South African Krugerrand. The Maple Leaf is backed by the Canadian government and it is regarded as the official gold bullion coin of Canada. It is also quite famous for its weight and purity. It is available in five different weight sizes going upward from 1/20 oz to 1 oz. Its popularity has been on the rise over the past few years.
The Australian Gold Kangaroo bullion coins have remained a favorite of collectors and investors everywhere. It was introduced back in 1987. The observe side of the coin features a portrait of the Queen while the reverse of the coin has seen several changes over the years. The coin is minted by the Western Australian Government-owned Perth Mint. It has a very limited annual mintage which is one of the factors that contributes to its numismatic value. The Australian Kangaroo gold coin is meticulously minted in 5 different size ranges and the face value is in Australian dollars.
South African Krugerrand
This Gold Bullion coin is widely reputed as the very first modern bullion gold coin. From its first release back in 1967, the Krugerrand has been one of the most popular gold coins in the world and remains so till date. It is minted and backed by the South African government. It is not only legal tender, but it is also seen as a symbol of wealth and prestige internationally. The obverse side bears the face of four-time South African president Paul Kruger after which the coin is named. While the South African national symbol, the Springbok Gazelle is on the reverse side.
You can learn more about the South African Krugerrand here.
The Chinese Gold Panda came into the market in 1982. It is typically minted in four sizes ranging from 1/2 oz to 1/20 oz. However, bigger versions of the coin have also been minted in the past including 5 and 12 oz weights. The Chinese Panda gold bullion coin is the official mint of the People’s Republic of China and is produced in the Chinese cities of Beijing, Shenzhen, Shanghai, and Shenyang. Considering the fact that this coin is legal tender in China, it comes as no surprise that it is one of the most popular gold coins in the market. The design of the reverse side varies every year but it is almost always a panda. The obverse side bears the Image of the Chinese Temple of Heaven.
In addition to these, there are several other gold coins that old investors looking to divest their portfolios and new investors can buy. These six are among the most popular but do not necessarily have to be the most profitable to invest in. Be sure to do your own research of the market to find out which investment option is best for you.