What is the Best 1 Oz Gold Coin to Buy?
Due to the large selection of mints offering 1 oz gold coins as investment options, investors have an array of 1 oz investments available. Each coin boasts different histories, technologies and designs that make selecting your coin an adventure in itself.
Each coin includes guaranteed insignia of troy ounce gold weight and legal tender face value – making them exempt from CGT in the UK.
1. Gold American Eagle
The Gold American Eagle coin is the preferred investment choice among investors because it’s produced and guaranteed by the US Mint and therefore has full faith and authority from our government. Plus, with low premiums and easy buying/selling processes, making this coin perfect for an Individual Retirement Account (IRA).
These coins contain one troy ounce (.9167) of 22-karat gold (0.9167) and have a face value of $50. The US Mint utilizes small amounts of alloy in production which results in harder, more durable coins that resist scratches and marring more effectively than comparable coins produced elsewhere.
Purchase Gold American Eagle coins from a reputable dealer who has been authorized by PCGS or NGC to ensure fraud-free buying experience. Both organizations specialize in authenticating coins through grading, and issue official certificates of authenticity that come sealed in tamper-evident packaging to provide additional assurance regarding purity and weight of each coin purchased from them.
2. Gold Krugerrand
The South African Gold Krugerrand coin has become a legendary figure of the bullion coin industry since it first debuted for sale in 1967 to market South Africa’s abundant gold reserves. These coins contain one troy ounce (.9167) gold alloyed with copper to enhance wear-resistance.
On the reverse of these coins is an image of a springbok antelope, South Africa’s national animal designed by Otto Schultz and Coert Steynberg; previously seen on South African five shilling coins.
JM Bullion provides this storied 1 oz gold bullion coin at attractive premiums over spot gold prices – perfect for investing in its historical significance at an attractive premium over spot. It comes in About Uncirculated condition which displays only light or trace wear at higher points of its relief, offering investors a solid return.
3. Gold Maple Leaf
As one of the world’s most sought-after 24k gold coins minted by government mints, this Gold Maple Leaf coin boasts one troy ounce of 99.99 fine Gold and commands some of the industry’s highest bid prices (price at which Gold Bullion Dealers purchase back these coins from individual investors). On its obverse lies Queen Elizabeth II’s side profile portrait.
On its reverse, Canada’s national symbol, the iconic Maple Leaf, along with weight and purity information is displayed prominently. Security features for this coin include an embossed maple Leaf micro-engraved with laser technology on its reverse, along with radial lines that diffuse light.
The Gold Maple Leaf strikes an attractive balance between marketplace premiums and bullion value, making it a suitable investment option for both investors and collectors. Each coin is produced in Brilliant Uncirculated condition for added appeal as part of any precious metals portfolio.
4. Gold Buffalo
The Gold Buffalo is an increasingly popular investment option due to being produced by the US Mint and therefore guaranteed in weight and purity by government regulation. Individual Retirement Accounts often opt for this coin due to being exempt from reporting under IRS Form 1099B.
The Gold Buffalo features an iconic image of an American bison modeled after Black Diamond who resided at New York City’s Central Park Zoo in 1913. On its obverse is an image created by James Earle Fraser using life models of three Indian Chiefs to form his portrait composite portrait on this coin.
The US Mint produces only a limited supply of Gold Buffalo coins each year to meet demand, so their premium over spot price remains relatively low. Collectors are drawn to these coins because of both its beauty and history; proof coins certified by either Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS) can be graded using Sheldon Scale rating between 1-70 for authenticity.
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