Thursday, September 29th, 2016 MST

Gold Coins

Gold coins are the most popular way to invest in physical gold, the second most popular being gold bullion bars. Basically, there are two types of gold coins: bullion coins and numismatic coins.

Gold bullion coins sell for the value of their gold content with small premiums (2% to 5%) to cover cost of production and distribution. In contrast, typically promoted numismatic coins can have premiums of 30%, 50%, even 100%, depending on the dealer.

The Dangers of Buying Gold details the pitfalls in buying numismatic coins.

Additional Gold Coins

In addition to the above mentioned coins, other gold bullion coins are sometimes available. Some of them are no longer minted but show up in the secondary market from time to time; others are currently being minted but have not gain popularity.

Such coins include the Mexican 50 Pesos, the Austrian 100 Corona, the Hungarian 100 Korona, and the Austrian Philharmonic. Generally, these coins sell at smaller premiums than the coins described individually above.

Perth Mint Gold Coins

Australia’s Perth Mint turns out some of the world’s most beautiful and sought-after gold and silver coins. Not only are the designs exquisite, but the packaging is the best in the industry with each coin being individually encapsulated in a plastic holder, even the Mint’s Kangaroo, which has a different kangaroo image on each year’s coin.

See all Perth Mint Lunar Coins

Gold coins in IRAs

For gold coins to be eligible for IRAs, they must be at least .999 fine or be American Gold Eagles.

To learn more about setting up a self-directed IRA that accepts gold and silver products, read Putting Gold and Silver in IRAs.

How to buy gold coins

For more information about how to buy gold coins from CMI Gold & Silver Inc., see Doing Business with CMIGS. If you are interested in selling your gold coins (or gold bullion), visit selling gold and silver to CMIGS.

If you would like to discuss buying gold coins, call us at 1-800-528-1380. We take calls between 7:00 a.m. and 5:00 p.m. MST, Mondays through Fridays.

Although the minimum gold order at CMI Gold & Silver Inc. is five ounces, smaller quantities of gold often can be found on our Gold Specials Page.