When it comes to investing in gold bullion, coins offer fast liquidity than gold bars. With gold so hot right now, many gold dealers Brisbane are reporting shortages in the amount of gold bullion coins they have to sell, this is because people are buying them at a faster rate than what mints are producing. Gold dealers have backed up orders for bullion coins by as much as 4 weeks. This is because mints and refineries are caught up in Corona virus lockdown regulations have been forced to shut down operations. Some gold dealers Brisbane have had to find novel ways to source gold bullion, like calling up clients to see if they would like to sell their gold coins (at higher premiums, of course).
Which gold coins are in demand?
- American Eagle Gold 1-oz. Coin
The American Eagle coin is a popular coin produced by the U.S Mint. The American bald eagle nesting on one side and Liberty striding on the other is instantly recognizable all over the world. The coin is made up of 91.67% pure gold, 3% silver and 5.33% copper. The U.S mint produces proof and uncirculated American Eagle 1oz. Gold coins in limited numbers each year.
The coins are stamped with “1oz fine gold”. The coins have a legal tender value of $50 but their actual worth is according to gold indexes. Coin collectors love American eagles coins for their beauty and bullion investors regard them as a guaranteed investment against currency problems and economic crises.
- American Buffalo Gold Coin
The U.S Mint premiered the American Buffalo gold coin in 2006 as an answer to Canada’s Maple Leaf Gold coin which was the highest purity coin. With a .9999 fineness, the American Buffalo gold coin is the purest bullion coin the mint had ever produced.
The coin has an engraving of a buffalo on one side and a Native American profile on the other side. The edges of the coins are irregular (by design). They have carrying thicknesses which make them seem a little rustic. This is all done to represent the American West. Unlike the American Eagle, the Buffalo coins do not have any silver or copper; they are made of pure 24k gold. This lends a deep lustre to the coin but because 24k gold is so soft, it makes them easier to damage.
- Canadian Maple Leaf 1-Ounce Gold Coin
The Canadian Maple Leaf has a .9999 fineness – the purest gold bullion coin you will find. The Royal Canadian Mint has been producing these coins since 1979. For Years, the Maple Leaf’s competition for purity and engraving was the South African Krugerrand. It would later on have to contend with the Austrian Philharmonic produced in 1989 and then the American Buffalo gold coins which only came out in 2006.
Canadian Maple Leaf Gold coins made from 1979 to 1982 have a .999 fineness whist those that came later carry .9999. The Royal Canadian Mint outdid itself in 2004 she. It produced coins with .99999 fineness, an exact 24k level of purity to commemorate the 25th anniversary of the Maple Leaf Gold coin.
Canada has always maintained its gold quality even during those years when other mints across the globe were decreasing production the Royal Canadian Mint maintained its production levels. The 1oz. Canadian Maple Leaf gold coin has a $50 legal tender value.
- South African Krugerrand 1-Ounce Gold Coin
The South African Krugerrand has been around since 1967. The springbok antelope engraving is instantly recognizable around the world. Krugerrands are popular in Australia and around the world. The Kruggerrand has always been regarded as a sensible coin to invest in. It is cheaper than most bullion coins, more accessible and easier to sell.
Gold dealers Brisbane offer great prices for these coins and for many others like the Austrian Philharmonic, the Australian 1oz. Kangaroo gold coins and more. If you have any coins this is a golden opportunity for you to cash in.