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Top 5 Best Gold Coins to Invest in for 2024

Top 5 Best Gold Coins to Invest in for 2024

When it comes to adding stability to your investment portfolio, few options are as dependable as gold coins. They’ve been valued for centuries for their ability to hold wealth, and their convenience and liquidity make them popular with today’s investors.

But with so many options available, where should you begin? That’s where Bullion Standard comes in—our mission is to empower you with the knowledge and resources you need to make confident, informed investment decisions.

In this post, we'll guide you through the top 5 best gold coins you should consider for your investment in 2024.

Why Invest in Gold Coins?

Gold coins have long been a go-to investment choice, and for good reason. Not only are they easy to store and trade, but they’re also simple to authenticate.

Many of them also come with legal tender status in certain states—meaning they can be used as official currency. This can offer another layer of value and security.

Additionally, unlike other investments, gold coins are physical assets, which means you have full control over them. You don’t have to worry about digital vulnerabilities or third-party risks, giving you more peace of mind.

What to Look for When Buying a Bullion Gold Coin

Before we dive into the top picks, let's first understand what makes gold bullion coins valuable:

Purity

Purity refers to how much of the coin is made of pure gold versus other metals. A .999 purity rating means the coin is 99.9% pure gold, which is what most serious investors tend to look for. This is because the higher the purity, the more likely you are to see better value over time and a higher resale price.

Weight

The weight of a gold coin plays a big role in its price and how easy it is to sell. Most investment-grade coins come in weights from 1/10 oz to a full ounce, with the larger coins usually costing more upfront but offering a better deal per ounce. If you're just starting out, smaller coins are often more budget-friendly, but the bigger ones tend to offer more bang for your buck.

Liquidity

Liquidity refers to how easily you can sell your gold coin when you need to. Gold’s liquidity remains a key factor in its appeal to investors, especially in 2024, when the metal has surged to near all-time highs. Coins that are well-known globally—like the Australian Gold Kangaroo, Canadian Maple Leaf, or Chinese Gold Panda—are in high demand and tend to sell quickly.

Now, let’s explore the best gold coins for 2024.

1. American Gold Eagle

The first gold bullion coin to consider is the American Gold Eagle. It's one of the most widely recognized gold coins in the U.S. and worldwide. Minted by the U.S. Mint, this coin is known for its durability and high demand among investors.

Key Features of the American Gold Eagle Coins

• Purity: 91.67% (22 karats)
• Weight: Available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes
• Historical Value: First issued in 1986, the American Gold Eagle has become a symbol of trust and stability in the gold market.
• Why It's a Top Pick: Its wide recognition and legal tender status make it highly liquid and sought after.

2. Canadian Gold Maple Leaf

The Canadian Gold Maple Leaf is known for its stunning design and for being one of the purest official bullion coins. This coin, produced by the Royal Canadian Mint, is a favorite among investors who value purity and craftsmanship.

Key Features of the Canadian Gold Maple Leaf

• Purity: 99.99% (24 karats)
• Weight: Available in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz sizes
• Historical Value: The Canadian Gold Maple Leaf was first issued in 1979 and is one of the first bullion coins to achieve .9999 purity. This helped establish Canada as a leader in the global bullion market.
• Why It's a Top Pick: Its high purity and global recognition make it an excellent option for serious investors.

3. South African Krugerrand

The South African Krugerrand is one of the world’s oldest and most recognized gold coins for investment. Since its release in 1967, it has become a favorite for investors looking for a sturdy and trusted option.

Key Features of the South African Krugerrand

• Purity: 91.67% (22 karats)
• Weight: Primarily available in 1 oz, with smaller sizes also available
• Historical Value: First issued in 1967, the South African Krugerrand is the original modern gold bullion coin. Its introduction paved the way for other countries to issue gold coins.
• Why It's a Top Pick: Its long history and global demand make it highly liquid and ideal for any portfolio.

4. Austrian Gold Philharmonic

The Austrian Gold Philharmonic is a visually stunning coin with high purity. Produced by the Austrian Mint, it is the only gold coin in Europe that is struck in euros, adding extra appeal for investors.

Key Features of the Austrian Gold Philharmonic

• Purity: 99.99% (24 karats)
• Weight: Available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes
• Historical Value: The Austrian Gold Philharmonic was created in 1989 to celebrate Austria’s rich musical heritage.
• Why It's a Top Pick: Its purity and connection to the eurozone make it a solid choice for European and global investors.

5. British Gold Britannia

The British Gold Britannia is known for its classic design and high-security features. The Royal Mint produces this coin and has recently added new anti-counterfeiting technology, making it one of the most secure gold coins available.

Key Features of the British Gold Britannia

• Purity: 99.99% (24 karats)
• Weight: Available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes
• Historical Value: First issued in 1987, the British Gold Britannia features iconic imagery of Britannia, symbolizing strength and unity.
• Why It's a Top Pick: Its enhanced security features and high liquidity make it a top choice for cautious investors.

Factors to Consider Before Investing

When you’re ready to purchase gold coins, it’s important to consider a few key factors to ensure a successful investment.

1. Storage: Start with storage. You’ll need a reliable, secure spot for your gold, like a home safe or safe deposit box.
2. Check Reputation: Dealer reputation matters—a reputable dealer can ensure that you’re getting an authentic coin.
3. Time it Right: Be mindful of market timing. Monitoring gold prices and market trends can help you buy when prices are favorable, boosting your potential gains.

Secure Your Gold Coin Investment

In 2024, the American Gold Eagle, Canadian Gold Maple Leaf, South African Krugerrand, Austrian Gold Philharmonic, and British Gold Britannia stand out as top choices for investors. Each offers different benefits, from high purity to advanced security features.

The coins on this list will help you get started on the right path for 2024 and beyond. However, you should still take your time to research and choose the best gold coins that fit your financial objectives.

At Bullion Standard, we understand that choosing the best gold coins for investment can feel overwhelming. Our mission is to empower you with the right knowledge, fair pricing, and expert advice to make confident investment decisions that align with your financial goals. Shop at Bullion Standard today to explore your gold investment options.