Savvy investors planning for their retirement are always on the lookout for low-risk, reliable investments to strengthen their portfolios and secure their futures. Many retirement investors turn to gold bullion and other precious metal coins due to their reputation as a reliable and effective hedge against market uncertainty. Gold is a naturally alluring element, and it draws the attention of lots of curious investors every year – however, it can be difficult to know where to start.
For those that want to add gold to their portfolio but don’t want to dive in too deep, coins are a more affordable and portable investment than bars. Coins usually have a higher premium due to the intricacy of their design, but their lower price point and aesthetic value make them an easy choice for many investors. As long as you purchase from a registered precious metal retailer, coins are an easy and trustworthy way to add gold to your retirement portfolio.
It’s important to know that only certain gold bullion products are approved for inclusion in a Gold IRA. This means that your options for this type of investment are limited, but fortunately, the options available are all strong, high-quality coins. Here are five of the best gold coins to consider adding to your precious metal IRA (and one surprise bonus pick):
American Gold Eagle Coins
1 oz, ½ oz, ¼ oz, and 1/10 oz
American Gold Eagles are, without a doubt, the most commonly traded gold bullion coin in the world. Acclaimed for their quality and purity, they are a popular choice for wealth preservation and retirement savings. With their approval for inclusion in Gold IRAs, they make for a great entry point into precious metal investments. These beautiful coins depict a bald eagle in flight, bearing an olive branch. Coin collectors with an eye for numismatic value can search for certified “first strike” coins. Many investors also appreciate the lack of any required federal forms upon the purchase or sale of American Gold Eagles.
American Gold Buffalo Coins
American Gold Buffalo coins have developed a reputation as some of the purest on the market. With purity guaranteed by the U.S. government, these coins are a trusted form of legal tender. Though they are often collected for retirement or emergency savings, there are many uses for these excellent coins. The coin’s face shows a buffalo standing atop a small mound of earth, a design that initially appeared on the Indian Head nickel before being redesigned for the Gold Buffalo. Like Gold Eagles, collectors can find rare first strike coins for sale.
Canadian Gold Maple Leaf Coins
With stringent weight and purity standards, Canadian Maple Leafs are highly respected coins in the gold bullion game. At .9999 fineness, these are beautiful coins of excellent quality. Bearing a side profile of Queen Elizabeth II on one side and the national symbol of Canada on the other, these coins are elegant in appearance. Commemorative and special-edition Maple Leafs (including the 2010 Hologram and Olympic editions) make for great additions to any serious coin collection.
Australian Gold Kangaroo Coins
First created in 1987, Australian Gold Kangaroos (or Australian Gold Nuggets) are one of the most popular releases from the acclaimed Perth Mint. Capturing the exotic beauty of the Outback, these are high-quality coins with strong aesthetic value. The design of Gold Kangaroos is updated every year, which can increase the numismatic value of favorite issues. Sometimes, the numismatic value can be higher than the gold content of the coin. In addition, the Perth Mint’s discounted premiums make Gold Kangaroos a great choice for frugal investors.
Austrian Gold Philharmonic Coins
Austrian Gold Philharmonic coins are the first – and currently, the only – gold bullion coin in the entire Euro currency system. Because of this, it is easily one of the most in demand coins available. Its elegant and complex detail captures the rich history and cultural ties of music in Austria. At .9999 fineness, it is revered for its purity and quality. It was the world’s best-selling coin on several occasions throughout the 1990s and it retains a high degree of popularity today. As the only coin Euro-denominated coin still being issued, it is sought by investors around the world.
Valcambi Gold CombiBars
The Valcambi Gold CombiBar is not a coin, but it may appeal to coin collectors looking to branch out. This makes for a perfect transition point between coins and bars, as the CombiBar is made up of smaller pieces that can be easily separated from the whole for use later on. The CombiBar features all the benefits of gold bar investments combined with the flexibility and ease of use offered by coin investments.
Setting Up Your Gold IRA
Creating your Gold IRA and maintaining compliance with strict regulations can be a challenge for many investors. Trusted companies like Regal Assets can help to guide you through this complicated process. Schedule a consultation with a Gold IRA expert on the Regal Assets
Click here for your FREE investment kit. For more info call Regal Assets at 1-877-962-1133.
Written By: J.B. Maverick – An active investor who has written hundreds of articles, blogs, and eBooks on personal finance and investing for dozens of different investor information websites, including Investopedia.com, and acted as an advisor and editor for the Financial Educators Council.