Gold has been a popular investment for many centuries. The limited commodity has a lot of value, and many people use it to display their wealth. So if you want to invest or purchase gold, specifically gold coins, what is the best gold coin to buy?
The best gold coins to buy are the American Eagle, the American Buffalo, the Royal Canadian Maple Leaf, and the British Brittania. Which one you get depends on whether you want different sizes backed by the government, a pure gold coin, a collectors edition, or an international coin.
This article will detail the 4 best gold coins, explain why each one is one of the best to buy, and provide resources you can use to learn more about gold coins and how to buy them.
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American Eagle Gold Coin
The Eagle coins are made in the United States, and they are popular among gold buyers in the country. These coins are newer, with the oldest ones created in 1986 and new ones still being created today.
A benefit of these coins is that they are easy to buy since they are still being produced. They are also guaranteed to be genuine by the United States government, so you know they are pure.
The coin comes in 4 sizes:
- 1 oz (28.34 g) coin worth $50
- ½ oz (14.17 g) coin worth $25
- ¼ oz (7.08 g) coin worth $10
- 1/10 oz (3.93 g) coin worth $5
These dollar amounts are the face value of each coin and are in United States dollars. The actual purchase price is based on the current market value of gold.
American Buffalo Gold Coin
Another gold coin made by the United States government is the American Buffalo. It was released in 2006, a recreation of an old nickel produced from 1913 to 1938.
The biggest pull of these coins is that they are pure 0.9999 gold made of 24-karat gold. These American Buffalo coins have had steady popularity since their inception, and the market value continues to increase.
The face value of these coins is $50. If you want to purchase one of these coins, called the bullion coins, you will need to purchase it through an authorized dealer approved by the US government.
You can also buy an American Buffalo Gold Proof coin which is more of a collectors version of the coin. The coin goes through a special minting process, making the images on the coin more detailed and colored than the bullion coin.
These proof coins are often displayed, usually in a coin or gold collection, or as a way to show off one's wealth.
Royal Canadian Gold Maple Leaf Coin
If you are looking for a coin minted outside the United States, the best gold coin to buy is the Canadian Maple Leaf. The 1 oz (28.34 g) coin was created in 1979 and is still being produced today.
Similar to the American Buffalo, the Maple Leaf is 0.9999 pure gold. And similar to both coins above, the face value of the 1 oz (28.34 g) coin is C$50. This coin is one of the most popular gold coins on the market.
Since they are bought and traded often, the market value is higher than the face value.
The newest Maple Leaf coins have security features to keep the coin's authenticity. These security features include the Billion DNA Anti-Counterfeiting Technology, allowing the coin's sellers to verify the authenticity of a coin at the point of sale.
The other 2 security features are the lines on the coin, precisely marked, and the maple leaf engraving, which has micro-detail.
British Britannia Gold Coin
Another great coin made outside of the United States, and the final on our list, is the British Britannia Gold Coin. This coin is great for UK residents because there are no taxes on the coin.
This coin was made in Great Britain and has been around since 1987. Coins made in 2013 or later are 0.9999 pure gold. Before this, the coins were 24-karat, which was slightly less pure but more durable.
You can buy the coin in 5 different sizes ranging from 1/20 oz to 1 oz (1.41 g to 28.34 g). The coin's face value is £100, but the market value is much higher, so are other coins on the list.
If you want to pair this coin with others, you can buy it with the others on the list or buy other Britannia coins. Along with the gold, there are 2 other coins in the services.
Silver Britannia coins come in 1 oz, and ½ oz (28.34 g and 14.17 g), and a platinum coin.
Best Place to Buy a Gold Coin
There are 4 great gold coins in this article. When deciding which gold coin is best, you need to consider a few factors, including what weight of coin you want, which country you want to buy from, and how important security is.
You can also choose a coin with high purity, a coin from a certain year, or a coin with high future potential, which means you can hold the coin as a long-term investment.
American Hartford Gold
American Hartford Gold helps individuals and families invest in precious metals. Because of their thorough process and well-versed staff, American Hartford Gold is a great choice if you're new to investing in gold and metals.
I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.