The Most Purest Gold Coin in the World
In this article, we will discuss the purest gold coins in the world. We will also go through the level of gold purity and its importance. If you are a precious metal investor, then it is crucial for you to know which gold coins are the purest.
Purest Gold Coin?
Here is a brief list of the purest gold coins in the world:
American Gold Eagle
The purity of the American Gold Eagle coin is 97.1 %, and its classic design makes it globally recognizable. However, while the American Gold Eagle is popular in the United States, it is not so common abroad.
For instance, it is almost impossible to find the American Gold Eagle in countries like Singapore and Hong Kong, the two largest gold markets in the world. The Gold Eagle coin has 22-karat gold, which makes it purer than other gold coins since most of them have just 24-karat gold.
Canadian Maple Leaf
The Canadian Maple leaf is the gold standard among Gold coins and has an iconic design. Canadian Maple Leaf coins are traded in countries like Hong Kong and were introduced into the market decades ago.
The Maple Leaf is internationally accepted and is one of the purest Gold coins, having a gold content of 0.999. The Maple leaf coin will be a great addition to your portfolio.
South African Gold Krugerrand
The South African Gold Krugerrand is the original Bullion Gold coin and is one of the most popular gold coins for investors. The Gold Krugerrand coin was first minted around 50 years ago, and the coins have 0.9167 gold, which is the same as the United States Gold Eagle. The total weight of the coin is roughly 1.1 ounces.
These are one of the most beautiful Gold Bullion coins and are also available in silver. While the Austrian Gold Philharmonic is not popular in Asian markets, it is widely accepted in the United States and Europe.
The premium on the Austrian Gold Philharmonic is mostly in line with the Maple Leaf. While the Gold Philharmonic is available to dealers in the United States, they are less popular than the Gold Eagle and Maple Leaf gold coins.
Australia's closeness to Asia has made the country's gold coins popular among investors in Asia, who don't trust coins such as the Gold Panda.The Australian Gold Kangaroo, also referred to as the Australian Gold Nugget, has a design change every year, which is rare since Gold Bullion coins such as Gold Maple Leaf and American Gold Eagle never have their design changed.
The coin has 0.999 gold content and briefly appeared in the news in 2011 when the Perth Mint made the first-ever one-ton gold coin.
The Chinese Gold Panda coin is a Gold Bullion coin issued by the Chinese government. The Gold Panda was introduced in the market in 1982 and has a gold content of 0.999.
However, the reason this coin is unattractive for investors is that it has a higher premium than coins such as the Maple Leaf. That being said, the Gold Panda is extremely pretty, and the reverse design is changed annually.
Which Gold Coin is Best for Investment?
Now you have a vast list of 6 Gold Bullion coins to choose from, but which coin should Bullion investors go for? Is the Maple Leaf better than the American Eagle? Or do you go for a different Gold Bullion Coin?
The key for most investors is to think about investing internationally, not globally. This can improve the investor's ability to preserve their wealth, including gold or precious metal investments.
What is Gold Purity?
Karats or Carats are numbers stamped on a piece of gold or a gold coin in the format of xxKT or xxK. The numbers refer to the variety of gold and actual gold content in the piece of jewelry.
- Karat is a measuring unit, that measures the ratio of gold to other alloys or metals.
- The measurement of karat is on a scale of 0 to 24.
- The higher the number, the more gold the piece contains and its metal content is low.
- Other alloys or metals usually found in gold are silver, nickel, copper, or palladium.
It is essential to know the karat value of a particular gold piece because it enables you to accurately calculate the content of gold and know its level of purity.
For instance, you buy a gold ring that has a 14 karat purity level. The number of karats you have is 14k, so now you will need to divide the 14k by 24. Your answer will be 0.583. This means that % of gold content is 58.7%.
This information will help you better understand the concept of karats:
- Parts of Gold: 9/24
- % of Gold purity: 37.5%
- Millesimal Fineness: 735
- Parts of Gold: 10/24
- % of Gold purity: 41.7%
- Millesimal Fineness: 416/417
- Parts of Gold: 12/24
- % of Gold purity: 50%
- Millesimal Fineness: 500
- Parts of Gold: 14/24
- % of Gold purity: 58.3%
- Millesimal Fineness: 583/585
- Partsof Gold: 18/24
- % of Gold purity: 75%
- Millesimal Fineness: 750
What is Millesimal Fineness?
This is a system that shows the purity level of precious metals by parts per 1000 rather than karats.
What Does Bullion Mean?
Bullion is a precious metal in bulk and in uncoined form. An example of bullion can be gold in the form of bars.
What are Sovereign Coins?
The sovereign is a gold coin from the United Kingdom, that contains 0.2354 troy ounces of gold. This coin was first minted in 1817 and was initially a circulating coin, accepted in the United Kingdom.
In this article, we went through several gold coins such as the China Gold Panda, Gold Eagle, Gold Maple Leafs, Gold Krugerrand, etc. While all these coins are valuable, it is always essential to diversify your investment portfolio.
Investors should always opt for International investment rather than domestic, as it will increase your ability to enhance your wealth. In addition to that, it is also necessary to understand the concept of purity of gold.
- Difference Between Bullion and Gold
- Can You Buy Gold From a Bank?
- Difference Between Investing in Gold and Gambling
- Gold Vs. Inflation: Factors to Consider
- Can you Buy Gold Anonymously?