So, which coins should you buy? Let’s start with gold. You should try to buy only 1 ounce coins. The reason is if you buy what are called fractional coins (1/10, 1/4, 1/2 Troy Ounce), you are charged a premium, or commission, on each coin. So, for example, if you bought 10 1/10 ounce coins compared to a single 1 ounce coin, you would have exactly the same amount of gold. However, your commission charges on the 10 1/10 ounce coins would be several times higher in total than the single 1 ounce coin. Buy 1 ounce coins whenever you can.
So, which gold 1 ounce coins should you buy? The 4 most popular coins to own are the
- U.S. Gold Eagle
- U.S. Buffalo
- Canadian Maple Leaf
- South African Krugerrand.
These 4 coins are the most popular and most recognized in the world.
There are other fine gold coins that are minted throughout the world. For example in Australia, China, Mexico and Europe. They are simply less popular, but are very much still valuable.
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