What is the Best Size Gold Coin to Buy?
Gold has long been a go-to investment choice among many investors, thanks to its resistance to corrosion, easy storage space requirements and reduced capital gains taxes upon sale.
Your investment goals and budget should determine which gold coin size to purchase. JM Bullion advises investing in bullion coins over collectible or numismatic coins.
The 1 oz gold coin is one of the most sought-after investments, as its dimensions make it easy for investors to store, have high liquidity and feature various designs. First issued for circulation by the bullion market in 1967.
The Krugerrand coin is a highly desired investment among buyers due to its relatively lower markup compared with other 1 oz coins and its excellent purity and liquidity.
Krugerrand coins offer investors another benefit by being eligible as legal tender in the UK and thus exempt from Capital Gains Tax (CGT). This makes them a highly sought-after choice of investment coin.
Gold coins are popular investment choices, offering a range of designs, sizes, and price ranges to meet individual investor preferences. As sovereign governments certify the authenticity and gold content, these coins tend to carry lower premiums than bars; however, due to their smaller size they require more careful storage and may be difficult to sell in large units.
The Saint-Gaudens Double Eagle coin, with its striking design by Augustus Saint-Gaudens, is an increasingly popular collectible among collectors and investors. Containing just over an ounce of gold, it makes an excellent way to diversify portfolios or hedge against inflation. Meanwhile, Krugerrands are an attractive option for increasing liquidity due to their similar diameter (around 1 inches) but slightly thicker profile compared to nickels.
These fractional gold coins, the smallest unit of precious metal available, contain one-quarter troy ounce. Ideal for investors or collectors who cannot afford or don’t wish to buy an entire ounce at once, fractional coins make an affordable way of buying gold as investments or collectibles.
Small units are easier to sell or liquidate than large bars, making them more flexible investments. Investors should take precautions to store their investments safely.
Augustus Saint-Gaudens created the iconic gold double eagle coin, making it an essential component of many successful gold bullion portfolios. Featuring Miss Liberty with torch in hand alongside an eagle soaring above a sun disc on both sides, its timeless design remains popular today.
Gold coins come in all sorts of styles and varieties, from bullion to collectible coins. Many sovereign governments mint these coins, guaranteeing its gold content, weight, purity, price, finish design and origin.
Investors looking for greater flexibility when liquidating their investment should consider fractional gold coins. Available in one-half, one-quarter, and one-tenth ounce denominations, these coins typically carry lower premiums than larger gold bullion coins despite having smaller dimensions that make storing and protecting against theft and damage more challenging. In addition, markup over spot price may be higher due to mint costs for dies, material, marketing costs, distribution fees associated with each individual coin produced.
The ideal gold size depends on your emergency preparedness goals. From investors seeking diversification to collectors searching for unique designs, there are multiple options to fit every need and budget.
A kilo bar measures over three Troy ounces and makes a solid statement, but transporting 400 oz worth of gold ingots might not be optimal if you want the flexibility to trade smaller amounts at a time.
For maximum versatility, purchase fractional gold coins in 1/2 oz, 1 oz or 2 oz denominations for optimal convenience and affordability. They can easily be liquidated if necessary while remaining more accessible for beginners due to their smaller size. Usually produced by sovereign governments who guarantee weight, purity and quality when they mint such coins.