When considering gold coins as a store of wealth, it’s important to recognize that certain gold coins have gained international reputation and are widely recognized as reliable stores of wealth.
For anyone looking to hold gold as a store of wealth or even as a way of bartering in the event of economic collapse, the best gold coins to buy are the most popular and highly recognizable gold coins such as the Gold Eagle, Maple Leaf, and Krugerrand. These gold coins are widely recognized by gold buyers and are very liquid when it is time to sell.
You can sell or exchange these gold coins at almost any coin shop anywhere in the world. Bulk gold bullion, including small bars in assay cards on the other hand, may need to be weighed, assayed and verified by experts before being traded.
Premiums on gold coins increase when demand from investors is high. In the early days of the last financial crisis that started back in 2008, premiums on gold bullion coins rose from 4% to over 10% while the price of gold dropped. At various times since then, we have seen gold premiums rise and fall because of inflation, supply chain issues, global political instability and other issues.
One of the most important factors when you buy gold coins is the premium you pay over spot price. Even though gold prices have been toying with record highs in recent years, the demand for gold and silver bullion continues to be strong with investors due to record amounts of inflation. When demand is low dealer premiums typically drop, which can help lower your dollar-cost average.
Currently, dealer premiums on Random Year American Gold Eagle Coins have been as low as 2% over spot. There have been some dealers that have had premiums even lower. FindBullionPrices.com tracks premiums on gold coin prices across trusted and reputable bullion dealers.
With dealer premiums at record lows, it is a great time to buy gold coins.
Buy Gold Coins for Financial Stability
Gold coins have been used as a store of wealth, as a means of exchange and currency for thousands of years. Some coins have numismatic value in addition to their gold content. This can enhance their value and provide another avenue to find gold buyers in the numismatic market.
A tube of American Gold Eagle coins is roughly the size of an average pill bottle. There are twenty American Gold Eagles in a mint tube. At current gold spot prices the melt value of a tube of Gold Eagles is roughly $25,000.
An American Gold Eagle Monster Box holds 25 tubes with 20 coins in each tube. A Monster Box of Gold Eagles is roughly the size of a shoe box and holds 500 gold coins.
