Making Ends Meet
Gold Coin Buying: Investing Or Collecting Makes A Difference
Judy Gomez
When you want to buy gold coins, you first have to decide if you are trying to grow a unique collection, or you are buying gold coins for investment purposes only. While both common and rare gold coins will retain their value in gold, rare coins may increase in value more significantly. The problem is, you may also pay a very high price for a rare gold coin, only to discover in a few years that the value of the coin has decreased rapidly. If you are a coin collector interested in rare coins from around the world, you will have different criteria for purchasing a gold coin than a person looking to increase their investment in gold overall.
Consider Purity and Guarantee
One of the best gold coins to purchase when you are looking to invest in gold is the American Eagle 1-ounce gold coin. It's easy to recognize this coin, lady liberty is on one side, and bald eagles in a nest are found on the opposite side. The coin boasts .916 fineness, and it is guaranteed by the U.S. Mint for purity. The coin is stamped one ounce find gold, and the worth of the coin goes up and down with the gold index.
The Canadian Maple Leaf 1-ounce gold coin is also a popular choice for investors, as this too is a coin backed with a guarantee. The Royal Canadian Mint guarantees that these coins, and boasts .99999 purity. These coins have been produced since 1979, and they are popular among gold investors who want to increase their collection of fine gold.
Purchasing Rare Gold Coins
When you get into purchasing coins because of their rarity, it becomes more complicated to identify gold coins that are going to be a solid investment. While a coin that's hundreds of years old may be rare, the purity may be in question In addition, if the condition of the coin is poor, it may not retain value over time. Purchasing gold coins as a collector means that you are taking more of a risk when it comes to your investment. While you can still add plenty of rare coins that interest you to your collection in the hopes of growing your investment, you have to diversify your portfolio.
When you want to invest in gold, buying guaranteed coins from the U.S. Mint or the Royal Canadian Mint is going to give you the best investment possible.
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