10 Most Popular Gold Coins in the World For Investment

Author: Focus on the User | 19 min read
Most Popular Gold Coins in the World

Investors can purchase many gold coins in the market, but which ones are the best? In this article, we will discuss the most popular gold coin in the market and the characteristics of other popular gold coins for investors.

The Most Popular Gold Coin?

Whether you are interested in investing in Gold Bullion or Gold legal tender, even investing in one troy ounce of gold is beneficial.

Before investing in precious metals, you should always go over the pros and cons of the investment with a professional or a financial advisor. Here is the list of coins:

1. Gold American Eagle

Gold American Eagle

The Gold American Eagle is an expression of the American Spirit and is based on the popular design by Augustus Saint-Gaudens. The American Eagle gold coin is famous globally.

The coin bears a design of Lady Liberty and a Bald Eagle, which is either standing with its head in reverse, nesting, or standing. The icon United States Gold Eagle comes in many fractional sizes and can fit all types of budgets. The sizes of the coin are:

  • 1/4 ounces
  • 1/2 ounces
  • 1/10 ounces

The Gold American Eagle is easily liquated and has unparalleled recognition. This coin is eligble for a gold IRA rollover in your retirement account.

Master Your Gold IRA with the Best Coin Choices

2. Canadian Maple Leaf

Canadian Maple Leaf

The Maple Leaf coin enjoys great international popularity and recognition and boasts innovative features and iconic beauty. The Royal Canadian Mint mints the coin with a gold content of 0.999, making it one of the purest bullion coins globally by mints.

The Canadian Maple Leaf coin bears a Maple leaf design on the reserve. On the observe, there is a beautiful portrait of Queen Elizabeth II. These are the sizes for this coin:

  • 1/20 ounces
  • 1/10 ounces
  • 1/4 ounces
  • 1/2 ounces
  • 1 ounce
  • 10 ounces
  • 1 gram

The variety in sizes enables investors with a modest budget to enter the Gold coin market. Understand the crucial gold coin and gold bar differences to optimize your investment strategy.

3. American Gold Buffalo

American Gold Buffalo

Another popular coin from the United States, this beautiful coin is famous because of its artwork which is a depiction of the 1913 Buffalo Nickel, by James Earl Fraser. The observe of the coin features a portrait of a Native chief.

On the reverse, is a beautiful depiction of an American Buffalo. The inspiration for the Buffalo is Black Diamond, a bison that lived in the Central Park Zoo in New York in the 1910s.

The American Gold Buffalo has 0.9999 fineness, and its unique appearance makes it a perfect choice for precious metal investors. These are the sizes for the coin:

  • 1/10 ounces
  • 1/4 ounces
  • 1/2 ounces
  • 1 ounce
  • 20 ounces

4. Gold South African Krugerrand

Gold South African Krugerrand

This was the first Bullion coin introduced in the market and is popular outside the United States. This coin is one of the cheapest coins on the market, and the artwork depicts a Springbok antelope.

In the market, the Gold South African Krugerrand is the most purchased coin, and it has a gold content of 0.9167 and 8.33% copper. This coin is recommended as a perfect investment for experienced investors and newcomers since the coin is generally liquid in global open markets. The sizes of this coin are:

  • 1/50 ounces
  • 1/10 ounces
  • 1/4 ounces
  • 1/2 ounces
  • 1 ounce
  • 1.85 ounces
  • 2 ounces

5. Gold British Brittania

Gold British Brittania

These coins are made in Great Britain and were first issued in 2013 by the Royal Mint. The gold fineness of these coins improves every year and right now sits at 0.9999. The Gold Brittania offers good liquidity and holds an excellent value.

The coins feature an artistic design, and one of the reasons for their popularity is the well-respected reputation of the Royal Mint. These are the sizes for the coin:

  • 1 ounce
  • 10 ounces

6. Australian Gold Kangaroo

Australian Gold Kangaroo

This coin is also known as the Australian Gold Nugget and is one of the few legal tender popular Gold Bullion coins in the world. The design of the coin is changed annually, and from 1986 to 1989, it featured Gold nuggets in the reverse.

However, since then, the Gold Kangaroo coin depicts kangaroos. The limited annual mintage and the annual design change of the coin have increased its Numastic value. The Gold Kangaroo holds the title of the most valuable and biggest gold coin in the market. Here are the sizes of the coin:

  • 1/20 troy ounce
  • 1/10 troy ounce
  • 1/4 troy ounce
  • 1/2 troy ounce
  • 1 troy ounce
  • 2 troy ounce
  • 20 troy ounces
  • 10 troy ounces

7. Gold Austrian Philharmonic

Gold Austrian Philharmonic

These coins are manufactured by the Austrian Mint and are inspired by the Vienna Philharmonic orchestra. On the front side, the coin features a Pipe organ, in the Vienna Musikverein's Gold hall.

This coin was first introduced in 1989, as a one-troy-ounce coin with a face value of 2000 Austrian Schillings. Today, the face value of the Gold Austrian Philharmonic is 100 Euros. The fineness of this coin is 999.9, meaning it is 99.9 % pure.

This coin is among the best-selling Bullion gold coins in the world. These are the sizes for the coin:

  • 1/25 troy ounce
  • 1/10 troy ounce
  • 1/4 troy ounce
  • 1/2 troy ounce
  • 1 troy ounce

8. Chinese Panda Coins

Chinese Panda Coins

This is a gold coin from China, and its design is changed yearly. The coin was first introduced in 1982. On the front, the coin depicts the Temple of Heaven, and on the back, there are designs of Giant Pandas.

The low mintage and the unique size of the Gold Panda coin make it a good investment, as it boasts more limited mintages than other coins. Here are the sizes for the coin:

  • 30 grams
  • 15 grams
  • 8 grams
  • 3 grams
  • 1 gram

9. Mexican Gold Libertads

Mexican Gold Libertads

These coins originate from the oldest mint in the Americas, the La Casa de Moneda de Mexico, also known as the Mexican Mint. All Gold Libertads have the same design, on the reverse, a design of the Mexican Court of Arms is featured.

On the front side of the Libertad Gold coin, there is a depiction of the Angel of Independence with the Popocatepetl volcanoes in the front and Iztacclhuatl in the back. The design of the coin has not changed since it was first minted.

From 1981 to 1990, The Mexican Libertad Gold coin contained 10% copper and 90% gold. However, in 1991, the gold content increased to 99.9%. These are the sizes for the coin:

  • 1/20 troy ounce
  • 1/10 troy ounce
  • 1/4 troy ounce
  • 1/2 troy ounce
  • 1 troy ounce

10. Gold Somalian Elephant

Gold Somalian Elephant

The second African gold coin on the list, the attractive Gold Somalian Elephant, was issued by the Bavarian State Mint, and it's popular worldwide because of its ever-changing reverse design.

The design change attracts gold investors. While 1 ounce of this coin bears a face value of 1000 Shillings, it has a much higher intrinsic value. Here are the sizes this coin is available in:

  • 1 ounce
  • 1/2 ounces
  • 1/10 ounces
  • 1/2 gram

Benefits of Investing in Coins

One of the easiest ways of investing in gold is by investing in gold coins. In fact, gold coins are one of the preferred choices of precious metal investors. Not only is an investment in gold coins low-risk, but it also offers security.

Gold is a tangible asset, and has a great market value, so investing in gold coins will result in good future returns. Gold is also relatively stable compared to other investment options and will enable you to protect your money in the long run.

Here are some advantages of investing in gold coins:

Gives Protection Against Inflation Risk

Gold acts as a hedge against inflation. In fact, some studies even indicate that gold has outperformed the rate of inflation and decreased the risk by a large margin. Some investors even consider gold an alternative currency, particularly when there is a decrease in the value of the native currency.

Great Way to Save Money

Investment in precious metals, especially gold coins, is a great way of saving money for those investors who cannot do so in currency money. Gold investment is so important in today's economy because it can preserve wealth.

However, the paper currency is not a good preserver of wealth, which gives investors an incentive to invest in gold coins.

Gold Coins are Easier to Purchase and Sell

Buying gold coins for investment purposes is easier than purchasing gold jewelry. Investment in the purest form of gold comes with no charges. Since gold is so high in demand, you can always check the latest gold price and sell the gold coins without a fuss.

However, if you don't want to sell the coins, you can pledge them to borrow a loan from a reputable financial institution.

Price Stability

Price stability is a big advantage of purchasing gold coins, especially compared to other market investment choices. The price of gold never decreases by a big margin and is usually stable even during a global economic crisis. When there is an economic crisis, investors are more willing to invest in gold than other investment options.

Easy to Transfer

Once the investor purchases the gold coins, they can be passed to future generations without any fuss and complications, unlike other investment assets. Most people give gold jewelry or coins to their relatives or children during events like weddings. This is a great way to save money in the long term and safeguard the future.

Disadvantage of Investing in Coins

However, before you make an investment in gold coins, you should also be aware of the disadvantages:

Issues of Storage

Gold coins are a physical asset, which means you need to have a place to store the coins securely. This makes gold coin investment tough, and you don't have to deal with storage-related issues when it comes to other investment options.

If you own gold coins or a gold bar, you will either have to store them in a safe place at home or give it to a storage company. Unfortunately, hiring a storage company will cost money. You will also have to take care of transporting the gold coins to the storage company.

Cost

Another disadvantage of investing in coins is the hefty cost. If you have ever visited a jeweler, you will know how costly gold is. From 2010 to 2022, the value of gold increased substantially and once reached a cost of $2000 per ounce.

The high price tag of gold coins can make it tough for investors to purchase them in bulk, especially on a moderate budget.

Short-Term Volatility is High

Gold is often considered a store of value that works as a hedge against inflation and market crash. This is true in the long run because gold isn't volatile. However, in the short-run, gold can experience volatility.

For instance, in the period between 1st November and 31st December 2021, the price of gold per ounce rose to $1,865 from $1,780. However, shortly after the increase, the price dropped to $1,780 and then rose again to $1,865.

Investors, who are looking for a stable form of investment, will be hesitant to invest in the coins when the volatility is so high and will not appreciate the abrupt price changes.

Liquidity

Another risk of investing in coins is liquidity. If you want to purchase or sell precious metal, you will need to find a company or person who can trade with you. Then, you will have to cut a deal with them and arrange transportation for the coins.

The whole process can take a while and takes longer than investing in an asset like a bond or a stock. It is even more problematic if the coins you invest in are a collectible or a rare variety.

As with illiquid assets such as collectibles and real estate, precious metals, especially gold, are characterized by high transaction costs and pricing inefficiencies. While you can always alleviate the liquidity of gold by investing in ETFs, it eliminates the advantage of owning gold bars or coins.

Taxes

Investment always involves taxes, however, when it comes to gold investment, taxes can be a real headache. As a gold investor, the tax you should be aware of the capital gains tax.

When you sell an investment for a profitable gain, you will have to pay the tax on the profit you earned. For instance, if you purchase something for 100 dollars, and sell it for 150 dollars, you will have to pay taxes on the 50-dollar profit you earned.

With investments like bonds and stocks, the brokerage will keep track of the amount paid for an investment and the amount an asset was sold for. If you invest in coins, it is up to you to keep track of the cost you paid for each coin.

See also: Coins Vs Rounds

Making Your Purchase in Gold Coins

There are many popular coins in the world, such as the Gold Eagle, Gold Libertad, and the Gold Maple Leaf coin. However, before you make an investment, you need to evaluate your risk-taking ability and the pros and cons of making a gold investment.

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Disclaimer: Content on this website is not intended to be used as financial advice. It is not to be used as a recommendation to buy, sell, or trade an asset that requires a licensed broker. Consult a financial advisor.

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