What Is The Best Gold Coin To Invest In And Why Is It The Best?

People wanting to be gold Eagle Coin collectors will often start with one basic question: What gold coin should I purchase? This is the equivalent of asking which gold coins minted all over the world are the best. The truth is that it depends on what you desire.

It's true that individual coins have their own unique benefits or "strengths". All gold coin collectors have their favorite characteristics, and they usually buy coins based on a ranking of these characteristics. Among the most popular gold coins these days are American Eagles from the U.S., Sovereigns from Australia and the United Kingdom, Krugerrands minted in South Africa, Canada’s Maple Leafs, and the Chinese Panda. There are many more, however the rest are the lesser known gold coin types.

If you were to pick between these gold coins, you normally have several criteria that you're thinking about. Most gold coin collectors and traders use the following criteria for evaluating the best buys in gold coins.

To begin with, the type of gold Eagle Coin itself is considered to price it in the market. For example, American Eagle Gold Coins are most preferred because their contents are guaranteed by the US Government. Another criterion for evaluating gold coins is the size, which can vary according to either the value or the weight of the gold coin. Another item to consider is the face value. The Krugerrands, for example, are available both in 1 rand or 10 rands denominations.

Weight and fineness are the most important things to look at when deciding the best gold coin to buy. Weight is generally pointed out on the face of the coin, either in troy ounces or grams. However, the fineness refers to the percentage of pure gold in relation to other metals that are in the coin. A typical gold coin has a fineness of 917 parts per 1000. Other soft metals are added to make the coin easier to form. Those two factors are critical in determining the gold content in troy ounces or grams, either of which simply refers to the actual weight of the gold contained inside the coin.

All these factors go into the price of the coin, along with any markup the dealer adds on. People who buy coins in order to resell them will obviously prefer the gold Eagle Coin of the best quality, the heaviest weight, and at a moderate price, in order to obtain the highest possible profit. Those, however, who purchase coins for their personal collections are drawn to gold coins for the beauty of the design and the details. It is the buyers' preferences which determine what is the "best" gold coin. That determines the value far more than the amount of gold the coin contains, its condition (either previously owned or a new issue, called "mint issue"), the weight of the coin, or its price.