1 Ounce Gold Coins or Gold Bars - A Price Comparison

Written by Ian Davis – Bullion Manager • Last updated 19 Jun 2019

Are you currently thinking about buying gold and unsure whether coins or bars are your better option?

1 oz gold coins and bars are popular choices, but it is worth understanding the pros and cons of each.

We conclude that 1-ounce gold coins are a better investment choice than bars due to lower premiums, flexibility when selling, exemption from capital gains tax and their visual appeal. Read on for the details....

1 Ounce Gold Coins

These coins are a go to product for gold investors. We offer the very popular secondary market 1-ounce gold coin and the newly minted one ounce gold coins. These products come at our lowest possible premium and are perfect for a gold investment as you pay as close to intrinsic spot price as you can! View all of our best value one ounce coins

1 oz Gold Coin Bullion Best Value Secondary Market

Available

Secondary Market 1 Ounce Gold Coins

Quantity Premium % Total
1
2.5
£1,172.64

Price Per Item:
£1,172.64
2
2.4
£2,343.00

Price Per Item:
£1,171.50
5
2.25
£5,848.90

Price Per Item:
£1,169.78
10
2
£11,669.20

Price Per Item:
£1,166.92
25
1.9
£29,144.50

Price Per Item:
£1,165.78
50
1.85
£58,260.00

Price Per Item:
£1,165.20
100
1.6
£116,234.00

Price Per Item:
£1,162.34
500+
1.5
£580,600.00

Price Per Item:
£1,161.20

1 oz Gold Coin Bullion Best Value Newly Minted

Available

Newly Minted 1 Ounce Gold Coins

Quantity Premium % Total
1
3.6
£1,185.23

Price Per Item:
£1,185.23
5
3.5
£5,920.40

Price Per Item:
£1,184.08
10
3.4
£11,829.40

Price Per Item:
£1,182.94
25
3.35
£29,559.25

Price Per Item:
£1,182.37
50
3.3
£59,089.50

Price Per Item:
£1,181.79
100
3.25
£118,122.00

Price Per Item:
£1,181.22
250
3.2
£295,162.50

Price Per Item:
£1,180.65
500
3.15
£590,040.00

Price Per Item:
£1,180.08
1000+
3.1
£1,179,510.00

Price Per Item:
£1,179.51

Buying several one-ounce coins instead of say a 500g gold bar offers more flexibility when selling. You can sell one or two coins whereas you would have to exchange a lot more money to cash in a 500g gold bar. You can view all of our selling prices here. 

With many coins you can tax advantage of a double whammy tax saving! Gold is firstly exempt from VAT and in addition to this coins produced by The Royal Mint often are legal tender with a face value making them exempt from capital gains tax. For example, you can buy gold Britannia coins, Queen's Beast, sovereigns and Lunar gold coins and if you were to sell these would not count towards your CGT tally. For this reason alone, if you plan on buying gold coins we highly recommend one of these products. You can view our page for all our popular CGT exempt gold coins  

Gold Bars

We offer various different weights of gold bars on our website and you can visit our dedicated page for gold bars if your looking to buy . Gold bars are easy to stack and can be stored in a small compact space as gold is so dense relative to silver! Gold bars come from a number of refiners and we currently stock Perth Mint, UBS, Metalor and Heraeus amongst others. 

No gold bars are exempt from capital gains tax and if you are serious about depositing a lot of money for gold then we would recommend a Britannia, sovereignsQueen's Beast or Lunar coin

Smaller gold bars often have higher premiums than their respective weight coins and you can expect to pay significant premiums! You can see how much more over spot price you will pay for smaller weight gold bars compared to coins. That is of course unless your budget stretches and even if you do have the money to buy a 1kg pre-owned bar for £37,279.73 we would still recommend coins over bars! 

Product Intrinsic Price Premium Price
1 oz Gold Coin Bullion Best Value Secondary Market £1,144.04 from 0.9% From £1,153.57
1 oz Gold Coin Bullion Best Value Newly Minted £1,144.04 from 3.1% From £1,178.72
1 Kg Gold Bar Our Choice Pre-Owned £36,781.53 1.5% £37,279.73
100g Gold Bar Metalor Pre-Owned £3,683.79 3% £3,794.30
1 oz Gold Bar Metalor New £1,144.04 9% £1,247.00
10g Gold Bar Metalor New £367.82 13% £415.64

If you are interested in buying gold bars you can do so direct from this page now:

100g Gold Bar Metalor Pre-Owned

100g Gold Bar

Premium: 3%

Price: £3,794.30

1 oz Gold Bar Metalor New

1 Ounce Gold Bar

Stock Status - Available

Premium: 9%

Price: £1,247.00

Conclusion

If customers ask our advice we always recommend buying gold coins over gold bars. Both are exempt from VAT, but gold coins come with the added bonus of a CGT exemption. Coins offer greater flexibility when selling as fractional amounts can be sold rather than the full investment amount which means you can take advantage of high gold prices multiple times and spread the risk. Coins also come with attractive designs whereas bars tend to be stamped with a refiner but that is usually all. There are a number of gold bars with a design but the premiums on these bars often make them more of a present and gift rather than an investment option. 

You may wish to view all of our articles on our gold guide

You can view all of our price comparisons on our dedicated page.