If you’re looking for a safe haven asset that will always be worth something, gold is a great choice. It is one of the world’s oldest forms of money and is also a good diversifier for an investment portfolio.
However, it’s important to understand which coins are best suited for investing. This will help you avoid getting ripped off and keep your money safe.
Krugerrand
Krugerrands are one of the most popular gold bullion coins in the world. They are minted from one of South Africa’s largest gold mines and are available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes.
The Krugerrand was first minted in 1967 to promote South Africa’s vast natural resources and help make investing in gold more accessible. At the time, many countries still adhered to the Gold Standard, which made purchasing gold bars and ingots for personal use a criminal offense.
As the global gold standard ended in 1971, South Africa began to produce its own coins to showcase their resources and promote private ownership. The Krugerrand quickly became the most popular gold coin in the world.
American Buffalo
Aside from its beautiful design and purity, the American Buffalo is one of the best-selling gold bullion coins. In fact, this coin is so popular that it has been minted since 2006.
These coins are considered legal tender in the United States and can be a great addition to any investment portfolio. In fact, they are often seen as a safe place to stash cash because they tend to retain value over time.
They are also less prone to devaluation than many other types of gold, which makes them an excellent choice for investors looking for a way to diversify their investments.
The American Buffalo is a 24-karat gold coin that was introduced in 2006 by the United States Mint. It features a design inspired by the historic Buffalo Nickel. It has a gold content of.9999 fineness, making it one of the highest-purity 24k coins in the world.
Capped Bust Facing Right
The Capped Bust Facing Right is a design type used on U.S. coins from 1807-1839. It depicts Miss Liberty facing right and wearing a turban-like cap.
Chief Engraver Robert Scot designed the Capped Bust Facing Right. This coin features Liberty facing right, wearing a turban-like cap, and surrounded by thirteen stars with the date below.
This coin was minted in Philadelphia between 1831 and 1838. It was issued in both Small and Large Letters varieties, with the Small Letters being less scarce than the larger letters.
This is an early design type for the gold quarter eagle. It has a very high degree of rarity and is not easily obtainable in problem-free AU or mint condition.
American Gold Eagle
The American Gold Eagle is the most popular gold bullion coin in the world. These coins are produced by the United States Mint and carry a legal tender value of $50 US for each 1 oz, $25 US for each 1/2 oz, $10 US for each 1/4 oz and $5 US for each 1/10 oz.
The obverse of the American Gold Eagle is designed by Augustus Saint-Gaudens and features Lady Liberty holding a torch high in her right arm and an olive branch in her left hand. On the rim are the coins’ legal tender face value, ‘IN GOD WE TRUST’ and ‘UNITED STATES OF AMERICA’.
The reverse side features the same design as all other gold eagles. The image is created by Miley Busiek and shows a male bald eagle clutching an olive branch above a nest containing bald eagle hatchlings. The legal tender face value, ‘IN GODWE TRUST’ and ‘UNITED STATES of AMERICA’ are also stamped on the coin.
