When it comes to precious metals, coins are one of the more widely known forms of gold ownership. The earlier days of King Croesus of Lydia saw the first gold coin struck. Civilisations worldwide marvelled at the allure of gold coins.
Size, finish, design, price, grade, rarity, origin—your options are nearly endless when it comes to gold coins. Choose from gold bullion coins, proof coins, or collectables, depending on your individual goals, budget, and personal preference.
Some gold coins are minted by sovereign governments who guarantee each coin's gold content, weight, and purity. Designs are approved by a legislative body and advisory committee, ensuring consistency and design integrity.
Gold coins offer flexibility given the wide range of prices, designs, and sizes. You can buy and sell small and large amounts, spreading your activity over extended periods to take advantage of different gold prices.
Unlike bars, some gold coins have numismatic potential. The term numismatic means that in addition to their intrinsic metal value, they also have a proven high rate of appreciation based on their rarity, condition, and demand. Like art, their "worth" includes historical and aesthetic appeal.
Gold coins can also make great gifts. They're often stamped with a date and can be given to commemorate important events such as birthdays, anniversaries, weddings, etc. A coin's design can also hold special meaning to both the giver and the recipient, meaning that goes far beyond the coin's monetary appeal.
Global gold output has been contracting since 2013, writes Business Insider, a phenomenon reflected in shrinking gold mining reserves and fewer new mine projects and expansions. With gold dwindling each year, owning some gold may be better than owning no gold.
Together, gold bars and gold coins can work side-by-side to fortify your precious metals portfolio against life's many uncertainties and bring you peace of mind.