It is a great time to start the search for “buy gold near me” and check the prices and best investment options. Gold can be bought in the form of futures contracts, gold-mining stock, gold ETF or gold mutual funds. These are secure options, but you won’t. have ownership of physical gold, which many investors prefer. Most financial planners recommend exposure to gold in the form of physical metal for investment.
However, if your search for “buy gold near me” lands you a recommendation for gold jewelry stores, then we must warn you that gold jewelry is not ideal for investment. It is advisable to opt for gold bullion in the form of gold bars or gold coins if you are buying them for investment. Generally, large institutional investors or banks opt for gold bars as they come in heavier weights. For small individual investors, bullion gold coin is recommended.
We list Top 8 “gold coins near me” to invest in 2020.
Canadian Maple Leaf
The Canadian Maple leaf design gold coin comes with the Royal Canadian Mint guarantee for weight and quality. You can procure them in weights of ½ ounce or 1 ounce and along with a small size they come with an added security measure of light-diffracting radial lines which are hard to duplicate.
American Eagle
The American Eagle design is most recognized in the global markets with the American Bald Eagle design. It comes in 1-ounce and ½-ounce sizes and it is made of metals draw from US mines alone. The American Eagle 1-ounce gold coins are issued in limited numbers each year and offers investors two choices. First is “proofs” of finer detail from multiple strikes on a mirrored blank in the minting process. the second is uncirculated coins that have burnished blanks fed by hand into a coin press and carry the West Point mint mark. As they are very popular and easily recognizable, American Eagle coins are easy to value and trade. They are even coveted among numismatics for its beauty and date sets.
Austrian Philharmonic
Austrian Philharmonics are a great purchase for investment and to give as a gift. They come in 1-ounce sizes and feature the Viennese Concert Hall’s famous pipe organ on the obverse side and a host of musical instruments on the reverse side. It is traded in Euros and comes in 1.0-, 1/2-, 1/4- and 1/10-ounce sizes.
South African Krugerrand
Krugerrand are recommended to first-time investors and seasoned investors as they are least expensive and instantly recognized with their springbok antelope. At 22k purity, Krugerrand contains 8.33% copper to stabilize the one troy ounce gold, making it a durable commodity. Each coin is stamped with “FYNGOUD 1 OZ FINE GOLD.” They are usually easy to sell, but in the past when gold prices went down, Krugerrands became harder to purchase as no one wanted to sell them.
British Britannia
The British Royal Mint’s Lady Britannia comes in 1-ounce size and contains one full troy ounce of gold. Along the rim, each Royal Mint coin produced since 2014 has eight stamped galloping horses stamped along the rim as a mark of authenticity.
Bullion gold coins are minted by national banks and some reputed gold refineries for the sole purpose of investment. These are generally of .999 purity and are issues in different weights, with uniquely recognized designs and identification number. Thus, they are recognized and traded at the absolute gold value of the current commodity market. There are many notable “gold coins near me” that are traded globally and trusted for their purity and authenticity, so as you start the “Buy gold coins near me” search, be mindful of picking a recognized design.
