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Gold/Mining/Energy : Gold coins
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To: John Mansfield who wrote ()10/4/1998 3:32:00 PM
From: John Mansfield   of 90
 
'How To Buy & Sell Gold Bullion Coins

Bullion coins are coins that are bought and sold solely on the value of their precious metal contents.
Examples of popular gold bullion coins are the United States Gold Eagle, the Canadian Maple Leaf
and The South African Krugerrand. Each of these coins contains one troy oz of gold. They are sold at
the current price of gold plus a small premium that covers the cost of minting and distribution and a
commission to the dealer.

Most coin dealers "make a market," that is provide a price for buying and a price for selling. The
difference between these two prices is the called the spread.

Premiums and spreads can vary greatly depending on the coin and its popularity. Coins such as the
Chinese Gold Panda have larger spreads because of their speculative nature. That means that the
market premium above the price of gold can vary greater than the price of gold.

If you are interested in just investing in gold, buy the coin with the lowest premiums to the gold price.
The best choices are:

The South African Krugerrand - content one troy oz of gold.

The Mexican 50 Peso also known as the Centenario - content 1.2057 troy oz of gold, or slightly
more than a troy ounce and a fifth of gold.

The Austrian 100 Corona - content .98 troy oz of gold, slightly less than an ounce

Credit Suisse gold bars in sizes one troy oz or greater

Gold Sovereigns - content .2354 troy oz of gold, slightly under a 3 ounce.

coinsite.com
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