Top 5 Best Gold Coin Investments You Can Make By The End Of The Year
If you’ve already made the decision of securing your retirement fund by investing in gold coins, but don’t know which coinage constitutes the best asset at the moment, then you’re reading the right guide. The following list includes the best gold coins you can invest in before the turn of the year and therefore, excludes the rare and historical coinage coin collectors are typically interested in.
Approximately four decades ago, the Rand Refinery of South Africa was the largest gold refiner and controlled over 60% of the global gold resources. The prominent position of the company allowed it to make speculations and predict the upcoming trends of the gold market, including the dramatic fall of the Gold Standard. To account for the latter, the Rand Refinery decided to manufacture modern gold bullion for public consumption, starting with the first 1 troy ounce 22K Krugerrand gold coin in 1968. While nowadays, the refinery is accountable for only 8% of the world’s gold resources, the Krugerrand gold coin has maintained a strong position in its investors’ hearts.
Even though the American Eagle gold coinage appeared much later than its foreign counterparts, the truth is that it enjoys a lot of popularity with US investors. What makes this coin a great asset is the fact that the US currently holds one of the biggest gold supplies in the world and the fact that the US gold coin market is usually rather stable.
Given the fact that China is the place where currency was born approximately 3,000 years ago, it is only natural that the country got into the gold coins for public consumption niche following the success of the Canadian Maple Leaf and the Krugerrand. The Chinese Panda was received with high enthusiasm especially due to the variety of sizes, including the 1/20 ounces and 1-gram versions. However, the biggest novelty provided by the Panda was the China Gold Coin Inc’s decision to create a new design on the reverse of the coin each year. The first of its kind, the Chinese Panda gold coin represents both a great investment for rainy days and a valuable coinage able to enhance the value of any collection.
While nowadays it is referred to as the Australian Kangaroo, during the 1980s and 1990s the gold coin was more commonly known as the Australian Nugget. However, since the designer insisted on creating a different version of a kangaroo on the reverse, the Perth Mint decided to eliminate confusion and changed the coin’s name to Australian Kangaroo in 2008. Similar to the Chinese Panda, the 24K Australian Kangaroo gold coins are available with a different design on the reverse side since 1990.
Inspired by the popularity of the Krugerrand gold coin in the 1970s, the Canadian Royal Mint introduced the popular Canadian Maple Leaf gold coin soon after. The Canadian Maple Leaf is the world’s first 24K gold bullion offered to the public and it was very well received, considering that it is estimated that there are still around 40 million specimens in circulation today.