10 Best Gold Coins for Investment in 2023

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:

1CountryUnited States
2MintUnited States Mint
3Denominations1 oz, 1/2 oz, 1/4 oz, 1/10 oz (face value in USD)
4Purity22 karat (91.67% pure gold)
5DesignObverse: Lady Liberty design by Augustus Saint-Gaudens
Reverse: Family of nesting bald eagles by Miley Busiek
6Legal TenderYes
7Face Value (1 oz coin)$50 USD
8PackagingIndividually encapsulated or in tubes and boxes
9Security FeaturesReeded edge, anti-counterfeiting measures
10AvailabilityWidely available from authorized dealers and retailers
11Annual MintageVaries depending on demand and year of issue
12CollectibilitySought 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 LeafFeatures
1MintRoyal Canadian Mint
2Purity99.99% pure gold
3Denomination1 troy ounce (oz)
4Fractional Sizes1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz (less common)
5Face Value$50 CAD (for 1 oz coin)
6DesignObverse: Profile of Queen Elizabeth II, face value, year of issue
Reverse: Canadian maple leaf
7Security FeaturesMicro-engraved radial lines, maple leaf privy mark
8Legal TenderAccepted as legal tender in Canada
9PackagingIndividually in plastic capsule, tubes or sealed boxes
10AccessibilityAvailable through authorized dealers and online platforms
11CollectibilitySought 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 KrugerrandFeatures
1Country of OriginSouth Africa
2MintSouth African Mint
3Year of First Issue1967
4Denominations1 troy ounce, 1/2 troy ounce, 1/4 troy ounce, 1/10 troy ounce
5Purity22 karat (91.67% gold, 8.33% copper)
6DesignObverse: Profile of Paul Kruger, the first President of the South African Republic.
Reverse: Springbok antelope, South Africa’s national animal.
7Legal TenderNot considered legal tender, but widely recognized and accepted as a form of payment in many countries
8PackagingIndividual coins are typically sold in protective plastic capsules. Multiple coins may come in tubes or boxes.
9AccessibilityAvailable from authorized coin dealers, precious metal retailers and online platforms that specialize in bullion coins and bars.
10CollectibilityPopular among investors and collectors due to its historical significance and iconic design.
11Market AvailabilityWidely available worldwide
12Current Gold PricesThe 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/NuggetFeatures
1IssuerPerth Mint
2Purity99.99% pure gold
3Denomination1 troy ounce, fractional sizes available
4DesignObverse: Queen Elizabeth II
Reverse: Varies by year, featuring different kangaroo/nugget designs
5Legal TenderAustralian legal tender
6Face ValueVaries by year
7PackagingIndividually encapsulated in plastic capsules Multiples may come in tubes or boxes
8SecurityMicro-engraved laser security feature on the reverse side
9AvailabilityWidely available from authorized dealers and precious metal retailers
10CollectibilitySought after by collectors for its design and limited mintage
11MarketPrices 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 PandaFeatures
2MintChina Gold Coin Corporation (CGCC)
3Purity99.9% pure gold (24 karat)
Release YearFirst issued in 1982
5Face ValueVaries based on the weight and denomination of the coin
6DenominationsVarious denominations (e.g., 1 g, 3 g, 8 g, 15 g, 30 g)
7DesignObverse: 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)
8Legal TenderConsidered legal tender in China
9PackagingIndividual coin: Plastic capsule
Multiples: Sealed sheets or mint tubes
10PricingThe price of Chinese Gold Panda coins fluctuates based on factors such as gold market conditions, weight, rarity and collector demand.
CollectibilityPopular among collectors due to changing panda designs.
11AuthenticationLaser-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 BuffaloFeatures
1MintUnited States Mint
2Year of Introduction2006
3Denomination1-ounce size
4Purity24 karat (99.99% pure gold)
6DesignObverse: Native American profile based on James Earle Fraser’s design for the Buffalo Nickel.
Reverse: American buffalo (bison) design.
7Legal TenderYes
8PackagingIndividually encapsulated or in tubes for multiples
9Diameter32.70 mm (1.287 inches)
10Thickness2.95 mm (0.116 inches)
12DesignerJames Earle Fraser (original design)
13AvailabilityWidely available from authorized dealers and precious metal retailers
14Market ValueVaries based on gold prices and collector demand
15CollectibilitySought 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 BritanniaFeatures
1CountryUnited Kingdom
2MintThe Royal Mint
3Denomination1 troy ounce (oz), 1/2 troy ounce (oz), 1/4 troy ounce (oz), 1/10 troy ounce (oz), 1/20 troy ounce (oz)
4Purity99.99% pure gold
5Weight1 troy ounce (31.1035 grams) for the One-Ounce coin
6DesignObverse: Queen Elizabeth II’s effigy by Jody Clark
Reverse: Britannia, symbol of British strength and tradition
7Legal TenderYes (British currency)
8Security FeaturesMicro-engraved radial lines, latent image, textured fields
9PackagingIndividual plastic capsule or tube for multiples
10Diameter32.69 mm (One-Ounce coin)
11Thickness2.79 mm (One-Ounce coin)
13AvailabilityWidely available from authorized coin dealers and retailers
14CollectibilitySought after by both investors and collectors

8) Gold Austrian Philharmonic

S.No.Gold Austrian PhilharmonicFeatures
1Country of OriginAustria
2MintAustrian Mint
3Year of First Issue1989
4Purity99.99% (24 karat gold)
5Denominations1 troy ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce, and 1/25 ounce
6DesignObverse: 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.
7PackagingIndividually encapsulated or in tubes/boxes for multiples
8Security FeaturesMicro-engraved radial lines and a mint mark
9AccessibilityWidely available from authorized coin dealers and retailers
10CollectibilityPopular 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 LibertadFeatures
1Country of OriginMexico
2MintCasa de Moneda de México (Mexican Mint)
3Year of First Issue1981
4Denominations1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 5 oz
5Purity99.9% pure gold
6Legal TenderYes
7Face ValueVaries by denomination, stated in Mexican pesos
8DesignObverse: 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.
9Security FeaturesRadial lines, micro-engraved texture and privy mark
10PackagingIndividually sealed in a plastic capsule
11AvailabilityAuthorized coin dealers, bullion retailers and online platforms
12CollectibilityPopular 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 ElephantFeatures
2MintBavarian State Mint (Germany)
3DenominationVaries based on the weight of the coin
4Purity99.99% pure gold
5Weight Options1/50 oz, 1/25 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz
6DesignObverse: Features a detailed image of an African elephant
Reverse: Displays the Coat of Arms of Somalia and the face value
7Face ValueVaries based on the weight of the coin (expressed in Somali shillings)
8Legal TenderYes
9SecurityUses various anti-counterfeiting measures, including micro-engraving
10PackagingIndividually encapsulated in a protective plastic case
11AvailabilityAvailable from authorized coin dealers and precious metal retailers
12CollectibilitySought 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.

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