What is the best gold coin to buy in Europe?- What is the best place to buy gold?- Buy Gold Bullion Online in Europe
Just one year after its release, the Vienna Philharmonic was the most popular coin in Europe and second-best selling in the world. Since then, the World Gold Council has declared the Vienna Philharmonic as the best-selling gold coin in the world for several years.
Which are the best gold coins to buy for investment ?
Buying gold is the best way to diversify your investment and ensure a portion of your savings in case of financial crisis or crash. But which are the best gold coins to buy for investment ?
Among the various forms of gold that can be bought, gold coins have a really interesting aspect. Which one to buy ? And why gold coins are most interesting than bars and bullions to invest in gold ?
Advantages of gold coins.
Gold coins have several advantages. In addition to having their own stories, they are easily transportable — due to their size — and are very liquid compared to gold bullion. They are traded around the world and can be exchanged easily in more or less important quantities.
Gold coins also make it easy to split your capital in gold.
In addition, gold coins can benefit from a highly leveraged thanks to the premium. The premium is the difference between the part of the selling price and the price of gold they contain. The premium varies according to demand and the state of the coin.
Which gold coins are best to buy ?
It first of all have to understand that when buying gold as coins, you buy in order to invest, not as a collector.
The gold coins for investment have a purity of greater than or equal to 900 ‰. There are many different gold coins. We recommend the following gold coins :
Which gold coins are best to buy ?
It first of all have to understand that when buying gold as coins, you buy in order to invest, not as a collector.
The gold coins for investment have a purity of greater than or equal to 900 ‰. There are many different gold coins. We recommend the following gold coins :
The Best Gold Coins to Buy
Since the moment humans first discovered gold, its appeal has captivated us. This shared fixation for gold across all civilizations led to the widespread acceptance of gold as a medium of exchange, ultimately giving rise to the gold standard.
Although the gold standard has since ended, the price and production of gold have continued to soar, to meet increasing demand.
More than 58 million ounces (1,800 tonnes) of the world’s most successful gold bullion coin alone, the Krugerrand, has been produced since 1970.
With so many gold coin options now available in today’s markets, which gold coin should you invest in? Which countries are the best for buying gold? Keep reading for a summary of the best gold coins to buy, as well as bonus insights from our gold experts.
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Gold South African Krugerrand
The 1 oz Gold Krugerrand coin, produced by the South African Rand Refinery, holds a prominent place on our list.
Comprising 91.7% gold, the Krugerrand coin incorporates copper for the remaining metal content. It was first introduced in 1964, making it the pioneering gold bullion coin and available to the general public in South Africa, and it quickly gained global popularity as one of the most sought-after gold bullion coins.
Its name, “Krugerrand,” is a combination of Paul Kruger, South Africa’s first Boer president, and the official currency, the rand. With a profile of Paul Kruger adorning one side and the Springbok, the national animal of South Africa, embellishing the other, this coin exudes a distinctive aesthetic appeal.
During the years of apartheid, nations imposed sanctions on South Africa, causing the Krugerrand to become less accessible globally, prompting other countries to produce their own gold bullion coins.
However, the Krugerrand remains a popular gold investment option today, offering both excellent value for money and widespread availability.
Gold British Britannia
The United Kingdom Royal Mint, formerly known as the British Royal Mint, has been well-known for crafting gold coins for England and the global market for over 1,000 years.
The Gold Britannia contains a full troy ounce of gold and holds a legal tender value of £100.
The United Kingdom Royal Mint upgraded its Gold Britannia coin in 2013 to have a purity of .9999 pure gold, an improvement from its previous purity of .9167.
On one side of the coin, there is a portrayal of the late Queen Elizabeth II, while the other side features the Roman representation of Britannia.
The latest coin released by the Royal Mint is the 2023 quarter-ounce gold Coronation coin, which has been specially designed to commemorate the coronation of His Majesty King Charles III.
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The coins are minted from an exact quarter ounce of 999.9 pure gold. These types of gold coins have limited availability and are highly sought-after by collectors and investors.
Austrian Philharmonic Gold Coins
Originally crafted in 1986 and officially launched in 1989, this gold bullion coin was specifically created to cater to European gold investors.
The Vienna Philharmonic quickly gained popularity, becoming the best-selling coin in Europe and the second best-selling worldwide in 1990.
It received further recognition in 1992, 1995, 1996, and 2000 when the World Gold Council declared it the top-selling gold coin globally.
The 1 oz Gold Philharmonic Coin from the Austrian Mint captures the spirit of Vienna’s music resonating within the Vienna Concert Hall.
With a composition of .9999 gold (24kt), the Gold Philharmonic coin available today is of the highest quality.
The Vienna Philharmonic is the only European bullion coin with a face value in euros and is recognized as legal tender exclusively within Austria. Between the years 2004, sales of the Vienna Philharmonic coin contributed to around 40% of overall coin purchases within Europe. This coin has also gained widespread popularity in Japan and North America.
Gold Mexican Libertad
The Gold Mexican Libertad coins are precious metal bullion coins produced in Mexico by the Mexican Mint, also known as La Casa de Moneda de México. The oldest Mint in the Americas, dating back to 1535.
These modern Gold Mexican Libertad gold coin design has been used since 1981, are made of 99.9% gold, with a fineness of .999, and come in various sizes.
The coin’s design is inspired by the iconic 50 Peso Gold Coin, known as the Centenario. The reverse side has a picture of Winged Victory between two Mexican volcano peaks, while the obverse side showcases the Mexican shield.
Libertad coins do not have a face value but are accepted as currency and guaranteed by Banco de México, and the value is determined by the market price of the gold or silver they contain.
Gold Australian Kangaroo
Gold has played an important role in Australian history ever since prospector Edward Hargraves made a significant discovery of gold in 1851 and triggered the Australian Gold Rush.
Even today, gold holds a vital role in the Australian economy, with approximately 11,000 people employed directly in the Australian Gold mining industry.
The Gold Australian Kangaroo is a unique series from the reputed Perth Mint that holds great symbolism for Australia.
With each release, the Australian Kangaroo Gold coin showcases an illustration of a kangaroo and is crafted from .9999 fine gold. The 1 oz Australian Gold Kangaroo coin carries a face value of $100 AUD.
As with most other coins in our list, the Australian Gold Kangaroo is available in various weights, including 0.01 oz, 1/10 oz, 1 oz, 10 oz, and even a kilogram.
According to the Australian Currency Act of 1965, the Australian Gold Kangaroo Coins is recognized as legal tender, joining just a few nations, including the United States, Canada, and China, with their own gold bullion coins programs sanctioned as legal tender.
Chinese Gold Panda
Introduced by the People’s Republic of China Mint in 1982, the Chinese Gold Panda holds a weight denomination of 30 grams, deviating from the standard 1 oz.
The Gold Chinese Panda is a dependable option with a strong potential for returns. This coin series offers a new depiction of the cherished giant panda each year, highlighting its significance as a symbol of China.
Being one of the coins with a more limited mintage, the China Gold Panda differentiates itself from other bullion coins. It’s distinctive sizes and scarcity contribute to its appeal as a remarkable addition to any precious metals portfolio.
The Chinese Panda Coins is recognized as legal tender in the People’s Republic of China, with face value denominations of 500, 200, 100, 50, and 20 yuan. The silver 30g panda coins carry a face value denomination of 10 yuan.
American Gold Eagle Gold Coin
The American Gold Eagle is a legal coin introduced by the United States Mint in 1986, following the Gold Bullion Coins Act of 1985.
When talking about American Gold Eagles, people usually mention the weight of the gold coin (such as “1/2-ounce American Gold Eagle”) to avoid confusion.
The American Gold Eagle series has been a popular option because of its high purity of gold content and relatively low prices.
This gold bullion coin series offers four different sizes, with the 1-ounce gold coin providing the best value gram for gram.
The 1-ounce American Gold Eagle contains one troy ounce of .9167-fine gold with a face value of $50. And like all gold coins offered in this United States Mint bullion series, it is an official legal tender.
Another popular coin is the American Gold Buffalo Coin, which debuted in 2006.
Canadian Gold Maple Leaf Coin
The Gold Canadian Maple Leaf is a highly regarded coin globally.
Minted by the Royal Canadian Mint since 1979, it is formed out of .9999 fine gold, making it one of the purest official bullion coins worldwide.
Top 5 Gold Investments
Looking to invest in gold but not sure what to buy? Here are our top 5 best-selling gold bullion investments including a brief profile of each product and who buys them.
1. 1oz Gold Britannia Coin
The 1oz gold Britannia is our best-selling product, favoured by investors looking to for a 1oz, high purity coin. Gold Britannias offer larger investors the perfect balance between
flexibility and cost, tending to be the cheapest way to buy British coins.
Gold Britannia coins are easy to store, trade and sell due to their relatively small unit size.
Unit Size: 1 ounce (oz)
Manufacturer: The Royal Mint
Carat: 24 carat (2013 onwards)
Please note: Gold Britannia coins manufactured in 2012 or earlier are 22 carat purity. These
gold Britannia coins contain exactly 1 troy ounce of pure 24ct gold, but their weight was slightly
higher than 31.1g or 1 troy ounce.
Who buys Gold Britannia coins?
Investors spending €10–20k or more.
Large investors looking to spend €50k — €100k plus.
British investors anticipating strong returns.
Large investors holding larger unit bars seeking added flexibility.
2. Gold Sovereign
Gold sovereign coins are the most recognisable British coin in the world and are our second
best-selling product favoured by investors of all sizes.
Sovereigns offer the ultimate flexibility due to their small unit size and VAT-free status.
Sovereigns are easy to store, trade and sell, recognised around the world.
The cheapest coin (Best Value Sovereigns) will represent the best value as all sovereigns
are worth the same when selling to a dealer.
Unit Size: 7.98 grams
Manufacturer: Royal Mint
Carat: 22 carat gold coin. Contains 7.315 grams of pure gold.
Who Buys Gold Sovereigns?
First time investors looking to spend less than €1,000
Larger investors spending €100,000 + and everyone in between.
British investors anticipating strong returns.
3. 100g Gold Bar
100g gold bars are our most commonly invested size bars, favoured by investors of all types.
100g bars represent better value for money than coins whilst still maintaining an element of
flexibility and are often purchased in addition to smaller unit coins and bars.
All our bars are essentially the same with prices varying on your preferred brand. The cheapest
bar (Best Value 100g Bars) will represent the best value as they are all worth the same at resale.
Unit Size: 100 grams
Manufacturers: Umicore, Heraeus, Metalor & PAMP
Carat: 24 carat pure gold.
Who buys 100g Gold Bars?
Investors seeking greater value for money whilst requiring relative flexibility.
Larger investors spending between €10k — €50k plus.
Investors who like to mix unit sizes holding bars and coins.
4. 1oz Krugerrand
The gold Krugerrand is the world’s most recognisable coin and is our best-selling International
gold bullion product, favoured by investors of all sizes. The Krugerrand offers a very good
balance between value and flexibility.
Easy to store, trade and sell, Krugerrands represent a good value investment. Always try to buy
for the lowest price however — all Krugerrands are worth the same when selling back to a dealer.
Unit Size: 1 ounce (oz)
Manufacturer: South African Mint (Rand Refinery)
Carat: 22 carat gold coin. Contains 1 troy ounce of pure 24ct gold.
Who Buys 1oz Krugerrands?
Investors seeking very good value for money and flexibility.
Investors spending between €1,000 to €20,000 +
5. 1oz Gold Bar
1oz gold bars prove particularly popular with smaller investors seeking low-margin flexible units.
The 1 ounce bars are very easy to store and sell. All bars are essentially the same product with
prices varying on your preferred brand. The cheapest bar (Best Value 1oz Bar) represents the
best value for money as they are all worth the same when selling back to a dealer.
Unit Size: 1 ounce (oz)
Manufacturers: Umicore, Heraeus, Metalor & PAMP
Carat: 24 carat pure gold
Who buys 1oz Gold Bars?
Investors seeking excellent value for money and flexibility.
Smaller investors often spending €1,000 to €20,000.
Investors who like a mix of smaller and larger units often holding coins and bars.
The Best Gold from Europe: Britannias or Philharmonics
Buying gold has always been popular as a store of value and hedge against uncertainty. But are there other reasons to invest in the yellow metal? Although the allure of investing in gold is primarily financial, it does also have an aesthetic appeal.
With the number of bullion mints and refineries worldwide, it can be difficult to select a brand to invest in. However, there are two primary coins minted in Europe that every investor should consider: the Britannia and Philharmonic gold coins from UK and Austria.
How Valuable Is the Britannia Gold Coin?
Britannia gold coins are massively popular in the UK. Aside from having a special heritage of being produced by the Royal Mint, which boosts its appeal among global investors, the Britannia gold coins have other noteworthy benefits. Most importantly, the Britannia coin has a legal tender position in the UK. This makes the coin exempt from capital gains tax. This specific factor makes the gold Britnnatina coin the first choice of gold coin for all UK residents. Tax exemption is extremely important to bullion investors, as any profits accumulated from gold coins up to £12,000 per tax year can be retained without paying CGT (capital gain tax).
Additionally, their mass production and large size, with intricate designs, make the Britannia gold coins highly appealing to buyers. Britain’s history is reflected in the design of the coin. On the front side of the coin is an image of Queen Elizabeth II. The opposite side of the Britannia gold coin pays tribute to the period of Roman times. The Britannia coins have a finesse score of .999 pure gold, and different sizes are available from 1 oz to 1/10 oz gold. Due to the worldwide influence of the Royal Mint over the last century, their products are popular and coveted throughout the world.
The Austrian Philharmonics Gold Coin
First introduced in 1989, the Philharmonic gold series is a very unique bullion coin in Austria and Europe. The Philharmonic coins are also quite popular among investors worldwide.
Investors that are looking to buy gold Philharmonic coins know what makes this series valuable is the availability of range in sizes. The respective gold coins provide a range starting from 1 oz to ½ oz, ¼ oz, 1/10 oz, and 1/25. Furthermore, the gold series was declared by the World Gold Council to be the best-selling gold coin on multiple occasions in the 90s.
The design of the Philharmonic gold coins is also elegant, reflecting the famous orchestra from Austria. The front side shows a print of the Great Organ which was used in the Musikverein, while the reverse side depicts a group of instruments which includes a violin, a cello, a harp, the Vienna horn, and a bassoon. The coins are of pure gold, with a finesse of .999 purity.
Wrap Up
If you are deciding whether to buy gold Britannias or Philharmonic coins, both are an excellent form of investment and can be easily obtained from Bonasgold. Aside from their unique perspective on design, the Britannia and the Philharmonic gold coins poise an affordable investment in the bullion market and the European market. https://bonasgold.net/
