Compare Gold Coin Prices
Gold coins are one of the most popular investment options when it comes to buying gold bullion. Available in a wide range of sizes and minted by several government mints throughout the world, there are many options to choose from. Coins are available in fractional ounce and 1 troy ounce weights and can range in purity from 22k (.9167) all the way up to 24k (.999 to .99999). Below is a list of some of the most popular gold bullion coins currently available for sale online for you to compare.
Gold Coin Price Comparison Guide
Types of Gold Coins
Gold coins are produced and distributed by dozens of governments and nations around the world today. These types of bullion are minted in either 22k or 24k purity and are one of the most popular ways of acquiring physical gold. With the recent advancements in minting technology, coins are now minted in weights from less than 1/20th oz all the way up to 1 kilogram with many sizes to choose from in between. This makes buying gold coins cost effective and easy with the selection currently available.
Coins have been produced for thousands of years and there are a ton of options to choose from before investing. Gold coin prices differ based on the design of the coin, where it came from and its demand. Below we will go over a few of the most popular gold coin investments available to investors online.
Gold Bullion Coin Prices
Gold bullion coins have only been being produced since the 1970’s with the introduction of the Gold Krugerrand. Over the past 30+ years they have consistently grown in popularity because of their high gold purity and low cost per ounce. Today gold bullion coins are admired by both collectors and investors throughout the world. Available in both raw uncirculated and graded mint-state condition, you have a vast selection of options to choose from when deciding on which coins to buy.
Today most coins are minted with either .9167 (22k), .999 or .9999 (24k) fine gold and are struck in weights of 1/20th oz, 1/10th oz, 1/4 oz, 1/2 oz and 1 oz. When buying gold coins, a general rule of thumb is that the larger the weight and quantity you are purchasing, the lower the cost per ounce. This makes buying 1 oz gold coins one of the most economical options in terms of dealer markups.
Compared to other forms of bullion such as gold bars, coins will usually sell for a higher premium over the spot price of gold due to their collectible nature, limited mintage and the higher costs associated with production. New gold bullion coins like the American Eagle and Gold Maple Leaf can often be found for anywhere from $20 to $70 over the spot price of gold depending on their condition, mintage numbers and size.
Pre-1933 US Gold Coin Prices
Back in the day, US gold coins minted prior to 1933 were being struck in .900 fine gold. Though at the time the gold they contained was not worth much more than their face value, today these coins have become a popular form of physical gold investment due to the high spot value of gold. The US Mint produced these coins in four denominations with the most popular being:
- $2.50 Liberty Head & Indian Head gold coin
- $5.00 Liberty Head & Indian Head gold coin
- $10.00 Liberty Head & Indian Head gold coin
- $20.00 Liberty & Saint Gaudens Gold Coin
These pre 1933 US Mint gold coins can be purchased for anywhere from $100 to a few hundred dollars per ounce over spot price. While there are more rare variations, like coins that are graded from low mintage years or uncommon mints which can fetch a much higher price, raw and ungraded coins can often be purchased for a reasonable price.
Buying Gold Coins Online
With the internet becoming more and more popular, both gold bullion coins and pre-1933 US gold coins can be easily bought online today. These types of coins are available on basically every gold dealer’s website and can be purchased for anywhere from $20-$100 over the current spot price of gold. Most modern coins are produced in sizes as small as 1/20th oz which means you can buy gold coins online for as little as $100 or $200.
A lot of the online dealers will charge low shipping rates with free shipping at certain pricing tiers, while others even offer free shipping on all of their orders. Finding a dealer with reasonable shipping rates can help you cut back on unnecessary costs. If buying gold coins online, we recommend making sure that the dealer offers insurance on their shipments so that you are covered if the package becomes lost.