Tips for Buying Gold Coins

Gold has been used for currency for hundreds of years. It is often considered a symbol of wealth and is known for its value and beauty. The price of gold continues to rise, making it a good investment. Buying gold coins is one of the best ways to invest in gold. Gold bullion is used to make investment quality coins that are minted by the United States Mint in West Point, New York.

There are two popular choices for buying gold coins. These include the gold American Buffalo and the gold American Eagle. Both are high quality coins that will add value to your investment portfolio. The gold American Eagle is a stunning patriotic coin that features the American bald eagle on one side and Lady Liberty on the other. Lady Liberty appears on other coins and was originally designed for use on the “Walking Liberty” half-dollar in the beginning of the 1900’s.

The gold American Eagle contains one troy ounce of pure gold. The face value of the coin is marked $50; however, the actual value of the coin is based on the current market price of gold. Gold, along with other precious metals, is traded on the worldwide commodities market. The American Eagle coin is sold in units of 10 one-ounce coins.

The American Eagle gold coin is also sold in fractional denominations. When buying gold coins, always purchase them from a reputable coin dealer. The dealer will provide you with a certificate of authenticity to ensure that the coins are genuine. With the price of gold rising, many fake coins have been sold on the market. Avoid buying gold coins from auction sites. Instead, make sure that you buy from a reliable dealer that provides a guarantee.

The gold American Buffalo is another popular coin for collectors. It is the only U.S. gold coin that is minted using .9999 pure gold bullion. This purity is also known as “four nines” and is the highest purity of gold available. The coin is very beautiful and features the American bison on one side and a Native American man on the other. The design is based on the original design of the “Indian Head” nickel minted in the U.S. from 1913 to 1938. The gold American Buffalo has a face value of $50. The actual price of the coin is based on the current price of gold on the market.