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.

How to Deal in Gold Coins to Attain Most Value with Minimal Effort?

Let’s face it. There have been better times in the past as far as our economy goes, and it is predicted that things are not going to improve neither this year nor the next one. But while the economy is going down, and taking the currency down with it, the value of gold is on the rise, making it a good commodity to trade for profit.

You may be thinking about selling your gold coins for profit, especially if you have been able to build up a sizable stash of them. Now is a good time to sell gold coins for profit because the price has gone up; however, the price could continue to rise.

It is easy to find gold buyers owing to the fact that many people see gold as the best investment there is. If you want to get rid of the gold coins in your possession, there are basically two options for doing that. First, you can be a Gold Eagle Coin dealer if you have a large stash of gold coins and you want to sell them out. It is a requirement that you are an expert in this subject, also knowing the marketing and pricing, as this business is serious. You should attempt to learn all you can about the business to avoid losing money. Other expenses that you should expect include, the cost of setting up a formal shop, and requisite government licenses and taxes from where you want to operate

If that sounds too complicated for you, you can also sell your Gold Eagle Coin as a private seller. If you are only looking to sell a few coins for profit, then this is probably your best option. A great number of gold coin collectors, dealers, and traders actively look for private sellers because their products don't have high markups as they don't need to waste money on overhead expenses. You will be certain to find a ready market, if you do determine to become a private seller, more so if you sell with computer online auctions.

Creating online auctions is a nicer alternative to selling privately to a dealer, who usually gives just the average price point. Online auctions connect you directly with individual buyers who can offer more for your gold Eagle Coin that dealers would. Individual buyers can generally offer more for your gold than a dealer would; online auctions allow you a direct connection to them. These are naturally the more popular ones and are likely to sell fast when you offer them at auction.

Having said all these, the question goes back to whether or not it is a wise move to sell out at this time. Some experts state that gold is still below value at current prices, suggesting that a "wait and see" policy prior to selling may be best.