Wealth Building with Gold Coins

Wealth Building with Gold Coins

Wealth Building with Gold Coins

Buying gold as an investment is unlike any other that a person can make, and gold coins are one of the most popular examples amongst interested consumers. Whether these are gold bullion coins or gold proof coins, they appeal to astute investors and collectors alike, as either long term financial insurance or items of historical significance. The chief difference between the gold bullion coins and the gold proof coins is how they are valued and priced within the marketplace.

Gold bullion coins are valued solely on the level of gold and precious metal they possess in their design, (a quantity measured in ounces) whereas gold proof coins have their value and market price influenced by other, external factors. They are designed and produced as specific collector items, and therefore individual coins can carry an additional value stipulated by the theme and era of coin and the interested parties involved. A shared trend of both types of gold coin however is the stability of market value and worth through depressed economic climates.

Gold Sovereign Coins

Gold sovereign coins or gold half sovereign coins are the most sought after gold bullion coins within the marketplace, and also examples of the most historic of the type (the modern gold half sovereign coin design has been in existence since 1817). 2010 in particular has seen a huge demand for the gold sovereign, consumer interest building through the summer to peak through late September and October. The sovereign coin holds specific allure to both investors and collectors which ensure its vast appeal. The sovereign coins are amongst the most competitively priced example of gold bullion, with an economical unit price per ounce of gold. Coupled with an exemption from Capital Gains Tax for trade within the UK, it makes the sovereign a prefect item for investment or profitable resale. The attractive designs and rich history of the sovereign (from its inception as legal tender to its life as a collectable) are also particularly attractive to private collectors.

Gold Krugerrands

Gold Krugerrand coins are particularly valuable, and have emerged as one of the most popular investment choices since their introduction in South Africa in 1967. Indeed, the Krugerrand stands as one of the most cost effective investments in terms of having a low percentage premium over gold, and has also been established a key collectable thanks to its steady market value. Whilst not as aesthetically appealing an item as the gold sovereign or half sovereign, they still hold interest for those wishing to invest or build a collection. For an investor, the Krugerrand boasts a steady market value that has been proven over 4 decades. As legitimate legal tender in South Africa, the Krugerrand can also be imported into a host of overseas nations without the burden of duty, VAT or standard import tax. Though their ugly design aesthetics and inflated market cost has historically deterred certain collectors from pursuing the coins, the coin holds a certain mystery due to its rarity within the UK, and also because of trade constraints that made it impossible for the coins to be imported into the UK until 1971.

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