What Types of Gold Should You Own?

    Published: 06-16-2009
    Views: 9,107
    Gold expert Scott Carter discusses the different types of gold available are discussed in this video. Gold coins can be an easy way to own gold. They are internationally recognized and many have historic value.

    Scott Carter: Hi, I am Scott Carter with Goldline. Let's talk about what types of gold are available today. Among the more popular types of coins available are European gold coins. They can be a good choice because of the combination of benefits they provide. First, they come in smaller sizes, they are 1 ounce coins allowing you to buy and sell in smaller amounts, and they are generally minted by governments rather than private minted so they are internationally recognized. Many of these coins have historic value, for example, the popular Swiss 20 Franc was minted between 1897 and 1949 by Switzerland's only mint. The French lucky Angel gold coin which was first minted at the time of the French Revolution is reporded to bring the bearer good luck. Legend has it, that Napoleon carried a French Angel throughout his military campaign but lost it before his great defeat at Waterloo. There are other coins with unique and interesting histories. Take the British Sovereign, it can trace its history all the way back to Henry the VII, who issued the first 20 Shcilling gold coin in 1489, or the French 20 Franc coins, these had three different designs featuring Napoleon during their production from 1852 to 1870 and the Italian 20 Lira coin features Umberto The I, who served as the Duke of Savoy before being crowned King of Italy in 1878, ruling until his assassination in 1900. Another popular coin is the Proof American Eagle. Proof Gold American Eagle are collector versions of one of the world's most popular gold bullion coins. These coins undergo a detailed minting process using special dies. Lustrous coin-blanks and fed by hand into the process where they are struck multiple times to ensure detailed coin images. These images appear softly frosted above a mirror like background, and only a limited number of proof coins are struck each year. In fact, certain years have been sell out soon after being issued or not minted at all. You should know that Proof Coins are considered to be numismatist coin and their value is affected by issues such as scarcity and demand along with the gold content.

    Some investors are interested in holding precious metals other than gold. Silver coins like the Morgan and Peace Silver Dollars are one way of owing silver with historic significance. The Morgan Silver Dollar was created in parts that handle the enormous silver production from the fame Comstock Lode. The Peace Silver dollar commemorates the honesties between World War I and World War II.

    We recommend you do your research on the types of coins available before you first purchase.