The gold Krugerrand is a gold coin minted by the government of South Africa. Production began in 1967, making it the first available gold coin in an era when bullion ownership had been effectively outlawed in the United States for decades with the exceptions of coins that had numismatic value. In the nation of South Africa, the gold Krugerrand is legal tender but, like all bullion coins, the value of the underlying metal far exceeds the face value if used as currency, so this is largely symbolic.
With fears of a future decline in the purchasing power of the dollar resulting from the twin deficits and constant talk of possible inflation risk, many readers have been asking about the place of gold in their portfolio. One simple and easy way to diversify into this “metal of the kings” is to purchase American Eagle gold bullion coins. Since they were first offered, American Eagle gold bullion coins have been a great choice for those who want to add precious metals to their portfolio a few thousand dollars at a time.
03Canadian Maple Leaf Gold Bullion Coins
Introduced to the world markets in 1979, Canadian gold maple leaf coins are guaranteed in purity by the Canadian Government and serve as the official gold bullion coin of the nation. Canadian gold maple leaf coins were introduced as a result of the efforts of a man named Walter Ott, who wanted to provide a gold bullion coin alternative to the South African Krugerrand, which was relatively scarce as civilized countries had enacted boycotts against the apartheid policies of the time.
From the moment the Vienna Philharmonic gold coin entered the world stage in 1989, they have been one of the most popular ways to invest in bullion, setting sales records for the past several decades.
Guide to Investing in Gold Coins
One of the easiest ways to begin investing in gold is to invest in gold coins. In this guide to gold investing, we are only going to discuss so-called gold bullion coins, which have little to no numismatic value and instead trade based almost entirely on the value that could be received if the gold were melted down and sold at the current spot prices.