Making investments in gold has long been a proven way to diversify investment portfolios and protect wealth.
Among the several gold investment options, gold coins are particularly appealing to investors.
This article will evaluate the best gold coins for investments in 2023, taking into account qualities like purity, rarity, market demand and historical significance.
Top 10 Best Gold Coins for Investment
The best gold coins to invest in 2023 are:
1) American Gold Eagle
The American Gold Eagle is a popular gold bullion coin produced by the United States Mint.
It was first introduced in 1986 after the passage of the Gold Bullion Coin Act of 1985.
The coin’s design and purity are guaranteed by the United States government, making it a trusted investment vehicle for individuals looking to invest in precious metals.
Here are some key features and details about the American Gold Eagle:
|2||Mint||United States Mint|
|3||Denominations||1 oz, 1/2 oz, 1/4 oz, 1/10 oz (face value in USD)|
|4||Purity||22 karat (91.67% pure gold)|
|5||Design||Obverse: Lady Liberty design by Augustus Saint-Gaudens|
Reverse: Family of nesting bald eagles by Miley Busiek
|7||Face Value (1 oz coin)||$50 USD|
|8||Packaging||Individually encapsulated or in tubes and boxes|
|9||Security Features||Reeded edge, anti-counterfeiting measures|
|10||Availability||Widely available from authorized dealers and retailers|
|11||Annual Mintage||Varies depending on demand and year of issue|
|12||Collectibility||Sought after by investors and collectors worldwide|
2) Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf is a bullion coin that is produced by the Royal Canadian Mint.
It is one of the most popular and recognized gold coins in the world.
Here are some key features and information about the Canadian Gold Maple Leaf:
|S.No.||Canadian Gold Maple Leaf||Features|
|1||Mint||Royal Canadian Mint|
|2||Purity||99.99% pure gold|
|3||Denomination||1 troy ounce (oz)|
|4||Fractional Sizes||1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz (less common)|
|5||Face Value||$50 CAD (for 1 oz coin)|
|6||Design||Obverse: Profile of Queen Elizabeth II, face value, year of issue|
Reverse: Canadian maple leaf
|7||Security Features||Micro-engraved radial lines, maple leaf privy mark|
|8||Legal Tender||Accepted as legal tender in Canada|
|9||Packaging||Individually in plastic capsule, tubes or sealed boxes|
|10||Accessibility||Available through authorized dealers and online platforms|
|11||Collectibility||Sought after by collectors due to design and purity|
3) South African Krugerrand
The South African Krugerrand is a well-known and widely traded gold bullion coin.
It was first minted in 1967 by the South African Mint as a way to market and promote the country’s vast gold reserves.
The name “Krugerrand” is derived from combining the name of Paul Kruger, the former president of the South African Republic and “rand”, the South African currency.
Here are some key features of South African Krugerrand:
|S.No.||South African Krugerrand||Features|
|1||Country of Origin||South Africa|
|2||Mint||South African Mint|
|3||Year of First Issue||1967|
|4||Denominations||1 troy ounce, 1/2 troy ounce, 1/4 troy ounce, 1/10 troy ounce|
|5||Purity||22 karat (91.67% gold, 8.33% copper)|
|6||Design||Obverse: Profile of Paul Kruger, the first President of the South African Republic. |
Reverse: Springbok antelope, South Africa’s national animal.
|7||Legal Tender||Not considered legal tender, but widely recognized and accepted as a form of payment in many countries|
|8||Packaging||Individual coins are typically sold in protective plastic capsules. Multiple coins may come in tubes or boxes.|
|9||Accessibility||Available from authorized coin dealers, precious metal retailers and online platforms that specialize in bullion coins and bars.|
|10||Collectibility||Popular among investors and collectors due to its historical significance and iconic design.|
|11||Market Availability||Widely available worldwide|
|12||Current Gold Prices||The price of the Krugerrand will vary based on the current gold market conditions.|
4) Australian Gold Kangaroo/Nugget
The Australian Gold Kangaroo, previously known as the Australian Gold Nugget, is a popular gold bullion coin produced by the Perth Mint in Australia.
It was first introduced in 1986 as the Gold Nugget series, featuring various designs of Australian gold nuggets on the reverse side.
However, in 1990, the design was changed to feature the iconic kangaroo, and the series was renamed the Australian Gold Kangaroo.
Some key features of Australian Gold Kangaroo/Nugget are:
|S.No.||Australian Gold Kangaroo/Nugget||Features|
|2||Purity||99.99% pure gold|
|3||Denomination||1 troy ounce, fractional sizes available|
|4||Design||Obverse: Queen Elizabeth II|
Reverse: Varies by year, featuring different kangaroo/nugget designs
|5||Legal Tender||Australian legal tender|
|6||Face Value||Varies by year|
|7||Packaging||Individually encapsulated in plastic capsules Multiples may come in tubes or boxes|
|8||Security||Micro-engraved laser security feature on the reverse side|
|9||Availability||Widely available from authorized dealers and precious metal retailers|
|10||Collectibility||Sought after by collectors for its design and limited mintage|
|11||Market||Prices fluctuate based on gold prices and collector demand|
5) Chinese Gold Panda
The Chinese Gold Panda is another popular gold bullion coin that investors and collectors seek for.
It is created by the People’s Bank of China subsidiary China Gold Coin Corporation.
The coin has developed from its initial introduction in 1982 to rank among the most recognizable and prestigious gold bullion coins available.
Some of the key features of Chinese Gold Panda are:
|S.No.||Chinese Gold Panda||Features|
|2||Mint||China Gold Coin Corporation (CGCC)|
|3||Purity||99.9% pure gold (24 karat)|
|Release Year||First issued in 1982|
|5||Face Value||Varies based on the weight and denomination of the coin|
|6||Denominations||Various denominations (e.g., 1 g, 3 g, 8 g, 15 g, 30 g)|
|7||Design||Obverse: Depicts the Temple of Heaven in Beijing and the year of issue|
Reverse: Features different designs of pandas each year (except for 2001 and 2002, which have the same design)
|8||Legal Tender||Considered legal tender in China|
|9||Packaging||Individual coin: Plastic capsule |
Multiples: Sealed sheets or mint tubes
|10||Pricing||The price of Chinese Gold Panda coins fluctuates based on factors such as gold market conditions, weight, rarity and collector demand.|
|Collectibility||Popular among collectors due to changing panda designs.|
|11||Authentication||Laser-etched anti-counterfeit technology|
6) Gold American Buffalo
The Gold American Buffalo is a highly regarded gold bullion coin produced by the United States Mint.
It was first introduced in 2006 and was the first 24-karat gold coin ever minted by the U.S. government for public circulation.
The coin’s design pays homage to the iconic American buffalo, also known as the bison, which holds significant cultural and historical importance in the United States.
The main key features of Gold American Buffalo are:
|S.No.||Gold American Buffalo||Features|
|1||Mint||United States Mint|
|2||Year of Introduction||2006|
|4||Purity||24 karat (99.99% pure gold)|
|6||Design||Obverse: Native American profile based on James Earle Fraser’s design for the Buffalo Nickel. |
Reverse: American buffalo (bison) design.
|8||Packaging||Individually encapsulated or in tubes for multiples|
|9||Diameter||32.70 mm (1.287 inches)|
|10||Thickness||2.95 mm (0.116 inches)|
|12||Designer||James Earle Fraser (original design)|
|13||Availability||Widely available from authorized dealers and precious metal retailers|
|14||Market Value||Varies based on gold prices and collector demand|
|15||Collectibility||Sought after by both investors and collectors|
7) Gold British Britannia
The Gold British Britannia is a renowned gold bullion coin produced by the Royal Mint in the United Kingdom.
It was first introduced in 1987 and has since become one of the most popular and recognized gold coins in the world.
The Britannia coin series features the iconic image of Britannia, the female personification of Great Britain.
Features of Gold British Britannia are:
|S.No.||Gold British Britannia||Features|
|2||Mint||The Royal Mint|
|3||Denomination||1 troy ounce (oz), 1/2 troy ounce (oz), 1/4 troy ounce (oz), 1/10 troy ounce (oz), 1/20 troy ounce (oz)|
|4||Purity||99.99% pure gold|
|5||Weight||1 troy ounce (31.1035 grams) for the One-Ounce coin|
|6||Design||Obverse: Queen Elizabeth II’s effigy by Jody Clark|
Reverse: Britannia, symbol of British strength and tradition
|7||Legal Tender||Yes (British currency)|
|8||Security Features||Micro-engraved radial lines, latent image, textured fields|
|9||Packaging||Individual plastic capsule or tube for multiples|
|10||Diameter||32.69 mm (One-Ounce coin)|
|11||Thickness||2.79 mm (One-Ounce coin)|
|13||Availability||Widely available from authorized coin dealers and retailers|
|14||Collectibility||Sought after by both investors and collectors|
8) Gold Austrian Philharmonic
|S.No.||Gold Austrian Philharmonic||Features|
|1||Country of Origin||Austria|
|3||Year of First Issue||1989|
|4||Purity||99.99% (24 karat gold)|
|5||Denominations||1 troy ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce, and 1/25 ounce|
|6||Design||Obverse: The Great Organ of the Golden Hall in Vienna’s Musikverein concert hall. |
Reverse: Various musical instruments from the Vienna Philharmonic Orchestra, including a cello, violins, a harp and a horn.
|7||Packaging||Individually encapsulated or in tubes/boxes for multiples|
|8||Security Features||Micro-engraved radial lines and a mint mark|
|9||Accessibility||Widely available from authorized coin dealers and retailers|
|10||Collectibility||Popular among investors and collectors|
9) Gold Mexican Libertad
The Gold Austrian Philharmonic, also known as the Vienna Philharmonic, is a popular gold bullion coin minted by the Austrian Mint in Vienna, Austria.
It was first introduced in 1981 and has gained recognition and widespread appeal among investors and collectors around the world.
The main features of Gold Mexican Libertad are:
|S.No.||Gold Mexican Libertad||Features|
|1||Country of Origin||Mexico|
|2||Mint||Casa de Moneda de México (Mexican Mint)|
|3||Year of First Issue||1981|
|4||Denominations||1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 5 oz|
|5||Purity||99.9% pure gold|
|7||Face Value||Varies by denomination, stated in Mexican pesos|
|8||Design||Obverse: Features the Winged Victory statue, representing Mexican independence. Surrounding inscriptions include “Estados Unidos Mexicanos” and the year of issue. |
Reverse: Showcases the Mexican coat of arms, including the eagle, cactus and a wreath.
|9||Security Features||Radial lines, micro-engraved texture and privy mark|
|10||Packaging||Individually sealed in a plastic capsule|
|11||Availability||Authorized coin dealers, bullion retailers and online platforms|
|12||Collectibility||Popular among collectors for its design and history|
10) Gold Somalian Elephant
The Gold Somalian Elephant is a popular gold bullion coin that is produced by the Bavarian State Mint in Germany for the country of Somalia.
The coin series, officially known as the Somalian Elephant, features various images of elephants on the reverse side, showcasing the majestic African animal.
The main features of Gold Somalian Elephant are:
|S.No.||Gold Somalian Elephant||Features|
|2||Mint||Bavarian State Mint (Germany)|
|3||Denomination||Varies based on the weight of the coin|
|4||Purity||99.99% pure gold|
|5||Weight Options||1/50 oz, 1/25 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz|
|6||Design||Obverse: Features a detailed image of an African elephant|
Reverse: Displays the Coat of Arms of Somalia and the face value
|7||Face Value||Varies based on the weight of the coin (expressed in Somali shillings)|
|9||Security||Uses various anti-counterfeiting measures, including micro-engraving|
|10||Packaging||Individually encapsulated in a protective plastic case|
|11||Availability||Available from authorized coin dealers and precious metal retailers|
|12||Collectibility||Sought after by collectors due to changing reverse designs annually|
Factors to Consider Before Investing in Gold Coins:
The key factors to consider when making an investment in gold coins are:
1) Purity and Authenticity – One crucial aspect of gold coins is their purity. Look for coins with a high gold content, usually expressed in karats or fineness. Authenticity is equally important, so consider purchasing coins from reputable dealers or sources.
2) Coin Weight and Size – The weight and size of gold coins can impact their market value and ease of trade. Investors often prefer coins with standard weights, making them easily recognizable and tradable.
3) Rarity and Collectability – Coins with limited mintages or historical significance tend to have higher collectability and potential for appreciation over time. Such coins may carry premiums due to their rarity or numismatic value.
4) Market Demand and Liquidity – Consider the demand and liquidity of the gold coin you plan to invest in. Popular coins that are widely recognized and traded will likely have higher liquidity, ensuring ease of buying and selling.
5) Historical and Cultural Significance – Some gold coins carry historical or cultural significance, which can enhance their appeal to collectors and investors alike. Understanding the historical background of a coin can provide valuable insights into its long-term potential.
Which gold coin is best for investment?
The best gold coin for investment depends on factors like budget, market conditions and personal preferences.
Some of the popular gold coins for investment are:
- The American Gold Eagle,
- Canadian Gold Maple Leaf and
- South African Krugerrand
Are gold coins a better investment than gold bars?
Gold coins offer divisibility and potential numismatic value, appealing to collectors.
Gold bars may have lower premiums, making them cost-effective for larger investments.
Consider liquidity, storage and dealer reputation when deciding which suits you better.
What is the most accepted gold coin?
The most accepted gold coin globally is the Gold American Eagle. It is widely recognized and accepted due to its purity, weight and the backing of the United States government.
Where is the safest place to buy gold coins?
The best and safest online gold dealers are:
- APMEX (American Precious Metals Exchange)
- JM Bullion
- Money Metals Exchange
- SD Bullion
- Golden Eagle Coins
How much is a 1 oz gold coin worth?
The value of a 1 oz American Gold Eagle gold coin fluctuates with the current market price is from $1800-$2100.