Purchasing gold coins either for your investment portfolio or collection is a great idea that could yield attractive benefits in the long run. Gold coins are simple to buy, easy to store and offer financial security as well. However, buyers often wonder about how they can buy gold coins and how much they should pay for them?
If you are also thinking about purchasing gold coins in Canada, here are some things you should take into consideration:
Types of Gold Coins To Buy
Gold Coins are available in different forms for buyers. Basically, there are vintage gold coins and bullion gold coins. Both of them have their own importance in the market, however, Canadian bullion gold coins are designed for modern-day investors.
They are available in different sizes and are focused on increasing their accessibility by making them affordable. The modern bullion coins are typically sold in the following sizes:
- 1/25th ounce
- 1/20th ounce
- 1/10th ounce
- 1/4 ounce
- 1/2 ounce
- 1 ounce
Popular Gold Bullion Coins
Below we have listed some of the most popular gold bullion coins around the world, that makes a great choice for purchasing,:
1. Canadian Gold Maple Leaf
Canadian Bullion Coins are very popular worldwide from an investment perspective. The Canadian Gold Maple Leaf was introduced in 1979 and it is the first 24K gold bullion coin.
2. British Gold Britannia
The Gold Britannia belongs to the UK’s Royal Mint. Over the years the purity of the coin has been improved which also improved its competitiveness among other bullion coins.
3. American Gold Eagle
The American Gold Eagle and the American Silver Eagle has been authorized by the Bullion Coin Act in 1986. It is produced by the US mint.
4. South African Gold Krugerrand
South African Gold Krugerrand was introduced in 1967 and it was the first coin to have exactly one troy ounce of gold. This is the longest running gold bullion coin in the world still.
5. Australian Gold Kangaroo (Nugget)
Belonging to Perth Mint, the Australian Gold Kangaroo was released one year after the American Gold Eagle. The modern day coin features a Kangaroo.
6. Australian Gold Philharmonic
Struck at Vienna Mint, the Australian Gold Philharmonic features the image of grand organ. It is in high demand, in Europe and worldwide.
7. Chinese Panda
The Chinese Panda is the official gold bullion coin of the Peoples Republic of China. Each year the coin feature a new design so that they can have a numismatic value.
Where To Buy Gold Coins
For buyers residing in Canada, their best bet would be to invest in Canadian bullion gold coins. You can buy them via an online method or offline. Following are the ways to buy a gold bullion coin:
- Coin Auctions
- Offline Store
- Reliable Online Websites
- Peer to Peer
It is important to make sure that no matter where you are getting your gold coins from, but it must be a reliable source.
The Bottom Line
Gold bullion coins are a popular choice of investment in Canada. And finding a coin dealer that could guarantee the authenticity of the coins is an equally important part of buying gold coins. Canadian Bullion Services being the experts in the industry are leading precious dealers and have also established themselves as a reliable source over the years.