Gold Coins Or Gold Bars - A Comparison

Written by Ian Davis – Bullion Manager • Last updated 5 Dec 2018

What 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 and it suits you whereas you would have to part with the full gold bar in a single transaction. 

Our second hand products are very popular make sure to set a stock email reminder to find out when we have them in first!

 

Gold Bars Vs Gold Coins- Price Comparison

1 oz Gold Coin Bullion Best Value Secondary Market

Available

ourchoicesecondarymarketsilver500-B-1

Quantity Premium % Total
1
2.5
£1,091.99

Price Per Item:
£1,091.99
2
2.4
£2,181.86

Price Per Item:
£1,090.93
5
2.25
£5,446.65

Price Per Item:
£1,089.33
10
2
£10,866.70

Price Per Item:
£1,086.67
25
1.9
£27,140.00

Price Per Item:
£1,085.60
50
1.85
£54,253.50

Price Per Item:
£1,085.07
100
1.6
£108,241.00

Price Per Item:
£1,082.41
500+
1.5
£540,670.00

Price Per Item:
£1,081.34

1 Kg Gold Bar Our Choice Pre-Owned

Out of Stock

1kilogoldbars500-B-1forweb

Premium: 1.5%

Price: £34,765.85

1 oz Gold Coin Krugerrand Bullion Best Value Secondary Market

Available

2011southafricakrugerrandoneouncegoldrev500-B-1

Quantity Premium % Total
1
2.7
£1,094.12

Price Per Item:
£1,094.12
2
2.6
£2,186.12

Price Per Item:
£1,093.06
5
2.4
£5,454.65

Price Per Item:
£1,090.93
10
2.3
£10,898.60

Price Per Item:
£1,089.86
25+
2
£27,166.75

Price Per Item:
£1,086.67

250g Gold Bar Our Choice Pre-Owned

Out of Stock

250ggoldbars500-B-1forweb

Premium: 2.5%

Price: £8,777.11

1 oz Gold Coin Bullion Best Value Newly Minted

Available

OurChoiceOneOunceGoldCoin500-B-1forweb

Quantity Premium % Total
1
3.6
£1,103.71

Price Per Item:
£1,103.71
5
3.5
£5,513.25

Price Per Item:
£1,102.65
10
3.4
£11,015.80

Price Per Item:
£1,101.58
25
3.35
£27,526.25

Price Per Item:
£1,101.05
50
3.3
£55,026.00

Price Per Item:
£1,100.52
100
3.25
£109,998.00

Price Per Item:
£1,099.98
250
3.2
£274,862.50

Price Per Item:
£1,099.45
500
3.15
£549,460.00

Price Per Item:
£1,098.92
1000+
3.1
£1,098,390.00

Price Per Item:
£1,098.39

1 oz Gold Coin Britannia Bullion Best Value Newly Minted

Available

1ozbritanniabestvaluenew500-B-1forweb

Quantity Premium % Total
1
3.5
£1,102.65

Price Per Item:
£1,102.65
5
3.45
£5,510.55

Price Per Item:
£1,102.11
10
3.35
£11,010.50

Price Per Item:
£1,101.05
20
3.25
£21,999.60

Price Per Item:
£1,099.98
50
3.15
£54,946.00

Price Per Item:
£1,098.92
100+
3.05
£109,785.00

Price Per Item:
£1,097.85

1 oz Gold Bar Our Choice Pre-Owned

Available

oneouncegoldbarourchoice500-B-1forweb

Premium: 5.5%

Price: £1,123.95

1 oz Gold Coin Maple Bullion Best Value Newly Minted

Out of Stock

newlymintedmapleourchoice500-B-1forweb

Quantity Premium % Total
1
8.5
£1,155.92

Price Per Item:
£1,155.92
10+
8
£11,505.90

Price Per Item:
£1,150.59

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:

Gold Bars - 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. 

Kilo bar - 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 - 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

Gold coins are often more convenient than bars, and can often 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 almost universally recognised, so they are also 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. 

Krugerrand
22 ct

Britannia
24 ct - * Britannias were struck in 22 carat gold until 2013 when the fineness was changed to 24 carat.

Maple
24 ct

Eagle
22 ct

Panda
24 ct

We have a dedicated page for both gold and silver coins where you can view our entire online collection. Please click here

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