Gold Coins Or Gold Bars?
When people start to invest in gold, one of the most common questions is whether they should buy coins or bars. One benefit that coins have over bars is convenience as it can be much easier to sell multiple coins as opposed to 1 large gold bar. Here we look at some of the options available for investors.
Which to Buy Gold Coins or Bars?
We often carry more stock of gold coins, and as you can see below, the lowest premiums are often on the coins rather than bars (but not always).
Remember that coins also have an advantage when you come to sell as you can sell part of your collection. Say for instance you have 30 gold 1 oz coins instead of a 1kg gold bar. You can sell say 5 of these when the price is right whereas you would have to part with the full gold bar in a single transaction.
Gold Bars Vs Gold Coins- Price Comparison
|1 Kg Gold Bar - Our Choice Pre-Owned||1.5%||£48,196.76||Out Of Stock|
|250g Gold Bar - Our Choice Pre-Owned||2.5%||£12,167.94||Out Of Stock|
|1 oz Gold Bar Our Choice - Pre-Owned||3.5%||£1,528.63||In Stock|
|1 oz Gold Bullion Coin Best Value - Secondary Market||from 1.8%||from £1,503.52||Orderable|
|1 oz Gold Bullion Coin Best Value - Minty||from 2.7%||from £1,516.82||Out Of Stock|
|1 oz Krugerrand Gold Coin Best Value - Secondary Market||from 2.1%||from £1,507.96||Orderable|
|1 Ounce Gold Britannia Coin - Newly Minted||from 4.7%||from £1,546.36||Out Of Stock|
|Gold Maple Leaf 1 oz Bullion Coin - Minty||from 4.65%||from £1,545.62||Out Of Stock|
Our second hand products are very popular - make sure to set a stock email reminder to find out when we have them in first!
Different Types of Bars
Quite often we are asked what the best way to invest in gold is. There is no right or wrong answer, just personal preference and the amount of risk you’re willing to take. There are several different ways to buy investment gold:
Taking physical delivery of your gold is a very safe way of investing in gold. Gold bars are one method of achieving this. When purchasing gold bars, the main thing to think about is the size you would like. There are several sizes, and whilst most people will have the size of bar determined by budget, there are so many different sizes that there are always options.
London Good Delivery Bars
The only size bar normally used in major international markets is the London Good Delivery Bar, weighing 400 ounces or 12.5 kilograms. Most gold stored by central banks is in this form, although we don’t recommend them for most investors.
Gold Content Of Various Weight Gold Bars
One kilo gold bars have a low premium due to their size but the price is not as easy to track as a one ounce gold bar.
Smaller bars, such as fractional kilo bars, and one ounce bars, combine convenient size with reasonably low premiums. These are the various different sizes of gold bars, some are more unusual, so we may not be able to provide all of these sizes.
Gold coins are often more convenient than bars, and can sometimes be bought for lower premiums than bars, weight for weight. There is a large selection available. The first decision is often whether to buy older coins or new “bullion” coins. It is sensible to consider modern one ounce gold bullion coins as being one ounce circular bullion bars, guaranteed by a government rather than a refiner. As coins are mass produced, and very efficiently so, they are available at very competitive prices compared with similar size bars. Gold coins are also universally recognised, so they are easy to resell.
Which Gold Bullion Coin Should I Buy?
The following coins all contain 1 troy ounce of fine gold. Some of these are "pure gold" also known as 24 carat gold, some are 22 carat, but all contain exactly the same amount of pure gold.
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This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2022. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.
We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.