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Gold Coins
Gold coins have a legal tender status and are produced by a sovereign government’s mint. Most gold coins feature a face value and year stamped on the obverse (or front), with their purity and weight inscribed on the reverse (or back).
Gold coins typically sell at a slightly higher price than the metal’s spot price. This is commonly due to their collectability, status as legal tender, rarity and the work involved in minting the coin. This price difference is known as the ‘premium’ and when gold is popular, the premiums often increase too.
As a result, people who choose to protect their wealth with gold coins are able to make money in two ways - firstly from the natural rise in gold prices, and secondly through the increase in the premium.
There are two main types of gold coins - loose gold coins and graded gold coins. Choosing which type is best for you comes down to your motives and goals, how much you would like to acquire and potential resale value.
Loose gold coins
There are many reasons why people choose to protect their wealth with loose gold coins:
- Tax benefits For UK residents, UK gold coins are VAT-free and Capital Gains Tax-free. This is due to the coins being a legal tender status, although the gold content is significantly more valuable than the face value.
- Growth in value You can make money twice, when the gold price rises and when the premium increases.
- Flexibility Loose gold coins enable people to quickly build their wealth protection, whilst also being easier to convert back into cash, making them a highly liquid asset. Meanwhile, due to their size and weight, it is easy to store and transfer loose gold coins as required.
This combination means that loose gold coins can provide a tax-efficient way to protect wealth.
Graded gold coins
Graded gold coins have been authenticated and assigned an independent rating which creates an easily identifiable ‘score’ for the quality of each coin.
Once a coin has been graded and is in its protective cover, it cannot be accessed again, thus keeping the coin at its certified grade forever. Therefore, great value lies in having the coin graded correctly by an established and knowledgeable coin grading service.
Direct Bullion are proud to be an authorised dealer of the PCGS (Professional Coin Grading Service), who are recognised as the top grading company in the world. They are the oldest and offer consistent services with a consensus method of grading. Added to this, they guarantee the grades and authenticity of the gold coins.
View our collection of graded gold coins
