From Krugerrands to Eagles
Investing in gold and silver coins has many benefits, and is a more flexible way of owning precious metals when compared to owning metal bars. Because coins offer low premiums and are free of Capital Gains Tax (when speaking of British minted coins), they can be an affordable way to begin, or continue, investing.
If you are interested in owning gold more flexibly, here are some popular coins to consider investing in.
The South African Krugerrand coin is perhaps one of the best-known gold coins. It is the original bullion coin, and continues to be popular with investors today. Today, more gold coin is held in Krugerrands than in all other gold coins.
Krugerrands weigh 33.93 grams, and contain exactly 1 troy ounce of gold content, making it easily tradable should you so desire.
American Eagle Gold Coin
The US American Eagle is a popular choice for American collectors. While it may not be as popular in Europe and Asia, one of its benefits is that it is 22-karat gold, like the Krugerrand. Other gold coins may only be 24-karat gold, and thus, smaller.
However, the American Gold Eagle is still a gold bullion coin, and could be an interesting addition if you are looking to internationalise your investments.
Canadian Maple Leaf
The Canadian Maple Leaf is the second gold bullion coin after the Krugerrand, and is widely accepted around the world. They are also one ounce, mint issued coins, and have a gold content of .9999 percent.
If you are considering buying international gold coins, a Canadian Maple Leaf could be a good way to diversify your portfolio.
Gold Sovereign Coin
One of the big benefits to buying a British gold Sovereign is that it is not subject to CGT. This applies to the Britannia gold coin as well. Investors only pay CGT on foreign coins that realise a profit of £11,000 (at the current moment).
Buying Gold Coins through Gold Investments
Gold Investments makes purchasing gold coins from all over the world easy, and we never list anything on our website that we do not have in stock. When purchasing gold coins, we accept cheques, bank transfers, debit cards and cash. Please be aware that we only accept cash up to £7,500 per person to adhere to UK money laundering regulations.
We offer insured delivery worldwide, as well as secure storage with the London Silver Vault for any Gold Investments customer for as little as £4 per ounce per annum.
You may also pick up your purchase in person at our London office, if you would prefer to do so. Please call us or send us an email to arrange an appointment, and we will be happy to set one up for you.
Ensure the safety of your investments with our certified storage solution. We offer gold and silver storage with London Silver Vaults.