Best Gold Coin
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Which is the best gold coin to invest in?
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In the case of liquidity, it’s easier to move many of one coin rather than trying to sell several numerous different coins. Therefore, the best gold coin to buy is the coin of your Country.
Here, in the United States of America, the most liquid gold coin is the 1-ounce 22 kt American Gold Eagle.
It has a wide buyer pool, is recognizable, and is easy to sell.
The 22 kt alloy is meant to harden the coin. It has 91.67% gold, 3% silver, and the rest is copper. This gives it a different tone than found in 24 kt coins. Most people could care less because the coin does contain a full troy ounce of gold.
Gold Eagles are available in 22-karat gold in weights of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
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Your investment in the 1-ounce United States American Eagle is a wise choice.
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If unable to afford 1-ounce coins, you can go with a fractional option…
The 1/4-ounce American Gold Eagle, although more affordable to a beginner, has a premium that is a lot higher. At about 20 – 25% more premium.
Buying the 1/10-ounce American Gold Eagle monthly is a reasonable plan and will cost you approximately $260 monthly, but will end up costing you more to get the most out of your investment in the long run.
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This plan will get you to your goal on a small budget but this makes them tough to buy if you are looking to decrease your overall cost of acquisition.
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The second best gold coin to invest in?
The 24 kt 1-ounce American Gold Buffalo from the United States Mint is an excellent choice. 24 kt is a soft gold and easy to scratch, therefore you should keep it in a capsule.
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The third best gold coin to invest in?
The 1-ounce Canadian Gold Maple Leaf, available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz coins. The Canadian Gold Maple Leaf coin feature .9999 pure gold content.
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These picks are based on liquidity such as buyer pool, recognition, and sellability. But the best coin to buy is as simple as buying the coin of your Country.
If you live in the United Kingdom, consider the Britannia. In China?, the Chinese Gold Panda. If you are down under, look for the Kangaroo. The coin of your country will be the most liquid and accepted when you need to sell.
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Bottom line
Saving your money, buying larger quantities, and making fewer purchases will cut spending on premiums and shipping; if storing them yourself.
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