Gold Coins Closest to Spot Price

1 oz Gold Coins

Many governments produce pure gold coins annually for investors that have a weight that is one troy ounce. One ounce gold coins are excellent for investors are an optimal choice for the benefits of owning gold.

Historically, countries with gold backed economies have been able to evolve through the centuries with growth and prosperity. During the mid-20th century, the gold-standard slowly disappeared throughout the world with the introduction of and growth of the use of central banks and fiat currency. This took hold in the United States in 1933 when the President issued an Executive Order declaring it illegal for private citizens to own gold with the swipe of a pen. Millions of Pre-1933 gold coins were swiped from circulation and melted into bars.

First introduced in 1967, the Krugerrand 1 oz gold coin helped establish the modern investment market for bullion. Following the success of the Krugerrand, other coin programs were established including the Libertad, Maple Leaf, Chinese Panda and American Eagle during the late 1970s and 1980s.

During the 1990s, the Perth Mint established various gold coin programs, such as the Gold Nugget, Kangaroo, and Koala. The most prevailing series from Australia is the Lunar Series, which remains trendsetting, stylish and the annual release continues to be all the rage with each subsequent generation of coins.

Modern coins are minted from gold that is refined to the purest known levels, typically to either .999 or .9999 purity. This is the same level of purity required for accreditation from organizations like LBMA & COMEX. The variety of products available to investors, stackers, preppers and collectors continues to grow.

Those looking for options to build a foundation for a secure financial future have choices between random year and current year coins from reputable sovereign mints. Random year coins have a proven track record of being long term asset that can endure variable market conditions.

Based on today's spot gold price, each 1 oz gold coin has a melt value of $1942.90. Buy back prices vary based on dealer, but most will buy gold coins for a premium over spot.

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