9 Popular Gold Coins You Must Know About

There are two options for buying physical gold namely gold coins and gold bullion

. Large investors prefer gold bullion while coins are sought after by small investors and beginners. If you have decided on investing in gold coins, there are 9 popular gold coins you must know about.

1.At least 1400 tonnes of Krugerrand gold bullion coins are in circulation now. This popular coin is made of an alloy of gold and copper. It contains 8.33 percent copper and therefore cannot be a part of retirement accounts as these accounts demand the gold to be absolutely pure. This coin is available in one, half, one fourth and one tenth ounce of gold.

2.Austrian Philharmonic coins have a face value of 10 to 100 Euros. These coins are available in one tenth, one fourth, half and one ounce denominations and are 999.9 percent pure. This coin is available in silver too.

3.Australian Gold Nugget coin also known as the Kangaroo is available in one twentieth, one tenth, one fourth, half , one, two, ten ounces and one kilo coins. These 999.99 percent legal tender coins are minted at the Perth Mint.

4.Chinese Gold Panda coins are in existence since 1982. These coins come with a different panda design every year. China produces this coin in one twentieth, one tenth, one fourth, half and one ounce denominations. These coins are legal tender with Chinese Yuan denomination issued in almost Proof like state.

5.One of the purest coins available today is the Canadian Maple Leaf. Some of them are even .99999 fine. These legal tender coins available in one twentieth, one tenth, one fourth, half and one ounce denomination range from a one dollar through fifty dollars face value.

6.British Sovereign coins were minted in 1817 and are available as quintuple, double and half sovereigns. These coins have always been used as bullion even though they have a nominal value of a pound.

7.Mexican Gold 50 Peso coins come in one size and contain 37.59 grams of gold. These coins were issued in 1921 and contain ten percent copper alloy. Even though the 50 peso denomination can be found on this coin, it is not regarded as a legal tender.

8.American Buffalo are one ounce .9999 pure gold coins with a $50 legal tender face value.

9.American Gold Eagle has 8.33 percent copper and silver alloys and has a face value between 5 and 50 dollars. These legal tender coins come in one tenth, one fourth, half and one ounce denominations.

Depending on your requirement and budget, you can choose to buy any of the above gold coins that offer great value for money.

by: Adrian Getty

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