In times of uncertainty, gold coins are a safe haven, a hedge against inflation, and a means of preserving wealth. In contrast to non-physical gold ownership, such as gold ETFs, gold ETNs, futures contracts, and mining stocks, buying gold coins is a great way to own physical precious metals.
Gold coins come in different sizes which include 1-ounce, ½ oz, ¼ oz, and 1/20 oz. If you compare sizes, let say of U.S. coins, a 1 ounce bullion coin is similar to the size of a half dollar, and a 1/10 ounce coin is about the size of a dime.
It would be best if gold coins are purchased as close the Spot price as possible. Smaller gold coins, such as 1/10 oz, will have a higher premium -- but they may be easier liquidate, particularly given their smaller value. This enables quick access to cash when needed.
Two dies are used at a mint to strike a blank piece of metal with great force. The obverse (front) design of the coin appears on one die, while the reverse design appears on the other. A coin that is a proof is struck twice or more by the die, while a coin that is a bullion is struck only once. A gold bullion coin's fineness is usually .999, which is 24 karats.
Proof uncirculated coins are typically more expensive than non-proof gold coins. Both contain the same amount of precious metal so investing in proof coins is highly speculative and generally plays on collectible value.
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