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- Gold bars vs coins?
- Gold vs Silver
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- Coin Shops
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- Gold Britannia vs Sovereign
- Britannia coin designs
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- What is a proof coin?
- Royal Mint bullion
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Gold coin prices
Relatively affordable and easy to store, coins offer an excellent, flexible way to invest in gold.
Gold bullion coins differ greatly from circulated, ‘numismatic’ coins. Although they may well
be given a nominal face value, in reality the material worth of their bullion content is much higher
than that. In the vast majority of cases they work in the same way as bullion bars in this respect:
a gold coin’s value is determined by multiplying its gold content by the current spot price and
not by a nominal, monetary value. They are therefore an excellent method of investing in precious
metals and can offer a secure way of maintaining your wealth, with the potential to increase in
value in the future.
‘Uncirculated’, gold bullion coins are therefore very different to numismatic coins, which do
not offer the same benefits as an investment and whose prices rarely reflect their material
value. While the value of a gold coin is based upon its gold content and the spot price for
gold, numismatic coins are subject to inflated prices based on factors such as their rarity
as collectible items, and are not considered sound investments.
Some bullion coins, however, fall into both categories and are known as ‘semi-numismatic’
coins. Coins such as certain Sovereigns or American Double Eagles attract demand from
coin collectors as well as bullion investors due to their rarity or the fact that they were
minted in a certain year and will usually be available at higher premiums than other, more
common specimens of the same coin.
Due to their status as legal tender in the UK, certain coins such as gold and silver Britannias
and the Sovereign are exempt from Capital Gains Tax, meaning no tax needs to be paid on
any profit made from the coins.
BullionByPost is the UK’s largest Royal Mint Authorised Distributor, and we stock gold and
silver Britannias, mixed Sovereigns and a wide range of international gold coins.
Click here to read about coin collecting