How to Buy Gold Coins

How to Buy Gold Coins








[You must be registered and logged in to see this image.]The
very first gold coins were struck in Lydia by King Croesus around 560
to 547 BC. Gold coins have been a favorite for exchange and legal
tender since that time.

As well as legal tender gold coins are a
great way for coin collectors and investors to accumulate gold in small
gradual amounts. Gold coins are generally not subject to tax, being
legal tender.

American Eagle Gold Bullion coins, for example,
are an excellent investment and they are perfect for first-time gold
buyers. Canadian Gold Maples as well as Krugerrands and many other gold
coins also come in the same category.

The Krugerrand was the
first bullion coin, in fact, to be marketed as an investment product and
the first gold coin Americans were allowed to own, not because it was
gold but because it was a legal tender coin which US citizens were
allowed to own at the time of its introduction. Indeed it has been said
that the origin of Krugerrands was prompted by this very fact. Of
course US citizens are allowed to own gold these days and it is unlikely
this will change in the future.

Today, however, investors can
choose from a wide range of bullion and commemorative or numismatic
coins issued by various governments throughout the world. All these
coins, mint, proof and uncirculated included, are legal tender in their
country of issue, although this would be for their face value rather
than for their gold content. The face value is usually much less than
the gold content but does conform to the legal requirement of being
legal tender.

Gold bullion coins invariably range in size from
1/20 ounce through to the 1000 gram. The most common weights in troy
ounces usually are 1/20, 1/10, 1/4, 1/2, and 1 ounce. The value of gold
coins is determined by the value of their fine gold content as well as
the condition and rarity of the coins, particularly the older coins. The
dealers that sell the coins have their mark up or premium of course and
this should be added to any value plus a premium or mark-up that varies
between coins and dealers and this will be higher for the smaller
denominations of course.

So whether you are buying for investment
or just because you like collecting gold coins, buying gold coins are a
lot of fun and can give great enjoyment for any coin enthusiast.