The cheapest gold coins available depend on the weight, type, and dealer. According to, the cheapest gold bullion coin per ounce available is the 1 Oz Gold Maple Leaf – Scruffy Random Year, which costs $2,034.19 and has a premium of $54.09 per coin over spot. Meanwhile I suggest that the five cheapest gold coins you can buy right now are the Canadian Maple Grams, Chinese Panda Gold Coins, Congo World Wildlife Bald Eagle, Austrian Gold Philharmonic, and the British Gold Britannia.
Additionally, mentions that the British Sovereigns is one of the least expensive ways to buy fractional-sized gold coins. It is important to note that prices may vary depending on the dealer and the availability of the coins.
If you’re looking for low premium gold coins, check 22K European coins.
The conventional wisdom often revolves around renowned choices like American Gold Eagles, Gold Buffalos, and Maple Leafs, typically carrying premiums ranging from 5% to as much as 10% in the current market. However, a savvy strategy that might not immediately spring to mind is exploring your local coin shop for modern, government-backed gold coins. These hidden gems can offer significant advantages. Take, for instance, a recent find of a high-relief gold coin with impeccable four nines fine gold quality. While it may lack the instant recognition of mainstream coins, it bears the unmistakable stamp of the U.S. Mint and a face value, making it an enticing option.
The cheapest gold coin right now is the Austrian 1 Ducat gold coin.
Austrian gold coins are increasingly becoming a favored choice among precious metals enthusiasts and investors. Their combination of affordability, historical significance, craftsmanship, and liquidity make them a compelling option for those looking to add gold to their investment portfolio. Whether you’re a seasoned stacker or a newcomer to the world of precious metals, considering Austrian gold coins could be a smart move in your journey towards financial security and wealth preservation.
Austrian gold coins have garnered attention for several compelling reasons.
One distinctive feature of Austrian gold coins is their historical significance. Many of these coins, like the one featured in the video, have remained virtually unchanged in design for over a century. This historical continuity adds an element of charm and fascination for collectors and investors alike. Owning a piece of history can be an appealing aspect of any investment.
- First and foremost, they offer a cost-effective way to add gold to one’s investment portfolio. These coins, including the fractional denominations, often come with lower premiums compared to other gold bullion options. For investors looking to accumulate gold without breaking the bank, Austrian gold coins present an attractive opportunity.
- Austrian gold coins are known for their quality and craftsmanship. Even restrike versions, as discussed in the video, typically exhibit a brilliant uncirculated (BU) finish, making them not only valuable but also aesthetically pleasing. Investors can take pride in owning coins that showcase the skill and artistry of the Austrian Mint.
- Diversification is a key strategy in any investment portfolio, and Austrian gold coins offer a unique way to achieve it. While gold itself is a reliable asset, having a variety of coins from different mints and regions can further spread risk and increase the overall appeal of a precious metals collection.
- Austrian gold coins are highly liquid in the market. Their recognizable design and reputation for quality ensure that they can be easily bought or sold. This liquidity is a crucial factor for investors who may need to convert their precious metals holdings into cash quickly during times of economic uncertainty.
Premiums paid for gold coins in various locations for 2024.
- Central America:
- Eagles, Maples, and Kruggerands with narrow preferences. 15% premium
- Liquidity is a primary concern.
- Australia:
- Krugerrand: 13% above spot.
- American Gold Eagle (AGE): 12% (limited availability).
- Gold Buffalos: 9%.
- Maples and Britannias: 5%.
- Australian Kangaroo (Nugget): 4%.
- Sovereign: 12% (fractional coins have large premiums).
- United States:
- Premiums of $50-70 over spot for coins. That’s roughly 7%
- Dealers may pay melt for these coins.
- Proofs available at similar prices.
- Varieties not favored by dealers may have lower premiums.
- United Kingdom (UK):
- Specific premiums for sovereign are really low, at 5 % or even at melt value for worn exemples
Local coin shops sometimes price such coins at or near their melt value, resulting in premiums as low as 3%. While gold enthusiasts often favor more common choices for their liquidity, diversifying your collection with unique, lower-premium finds can be a rewarding endeavor. Ultimately, your choice depends on your investment goals and risk tolerance, but exploring unconventional opportunities at local coin shops might just yield the best surprises.