The Difference Between Coins, Ingots and Bars

Gold Coins vs Gold Bars

Have you ever thought of investing in Gold? Then you’re probably weighing up (excuse the pun) all the pros and cons. Here’s the perfect post to give you the clarification you need.

Gold Coins vs Gold Bars

The Difference Between Coins, Ingots and Bars

If you are planning on expanding your portfolio and investing in gold, you need to understand all the different options you have, as well as the different types of physical gold investment forms you may be able to buy and sell.

It should be noted that the three different kinds of gold you will find on the market include gold coins, bars and ingots. But, just what is the difference? Investing in gold means knowing the facts so you can pick the type of gold that will work best for you and your investment goals.

The Difference Between Coins, Ingots and Bars | Gold Types pinGold Coins

Typically, gold coins come in two different types: those rare coins with historical value (referred to as numismatic coins) and those valued for the bullion amount.

Numismatic coins tend to have a greater value than the precious metals within those coins, whereas bullion coins are valued based only on the precious metals within them and the demand for the metal.

There are those investors who prefer bullion coins owing to their ease of transportability, smaller size, concealment and storage. There are some bullion products that do carry a significantly higher dealer mark up, though, and that’s due to their popularity and a great deal of investor interest.

On the other hand, numismatic coins are not ideal for investment as there are several additional costs embedded into their price, including grade, rarity and demand. To put it simply: bullion is for investors whereas rare coins are more appealing to numismatists.

Gold Ingots

Gold ingots are better known as gold bars; however, they are formed differently to the traditional minted bars that are very popular. When it comes to ingots, the weight contained tends to vary. The bars also poured as opposed to stamped. This means they are thicker than stamped bars.

When you purchase gold bullion bars, you will mostly get the stamped version. But, when you buy gold ingots, you will get bars that were poured into a cast.

Gold Bars

If you have a large amount of capital to invest, you may want to consider bullion bars. They tend to be sold with a one to three percent mark-up, so you can get more gold for your investment. Coins, or bullion, can also be bought and kept at the facility that deals with securing gold bars.

Which is Right for You?

When it comes to deciding between different options for your investments, finances and budget will play a big part in your decision. Just take a look at the different kinds of gold and silver bullion you can buy from City Gold Bullion.

Related: The Best Way for a Novice to Invest in Silver

If you would prefer gold that is easy to store and you can enjoy looking at, coins are probably the best option for you.

If you want bigger sizes and lower premiums for an optimum investment, gold bars and ingots are the way to go.

Just remember to look ahead to where the value of your investment may end up. When selling your gold, coins usually sell easier due to their recognition and global popularity, whereas bars may incur additional expenses.

This article is published in partnership with Mediabuzzer.

About Lauren Kinghorn

Energy Healer, Transformation Life Coach, Founder of the Hey Shoo Wow Movement, and Author of 7 Natural Laws of Longevity.

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