If you own gold coins—whether purchased or inherited—it’s essential to understand exactly what kind of coins you have and what to expect when selling them. While all gold can be a viable investment, not all gold coins are created equal. This can help you get a better price when you sell bullion Brisbane.
Commemorative gold coins, often produced by various mints, are frequently marketed as sound investments. They may be beautifully designed and visually appealing, but looks can be deceiving. The truth is, commemorative coins are not always made from real gold or silver, and even when they are, they often contain impure gold.
The word “gold” is persuasive, and with the rising price of gold, these coins can be tempting—especially when compared to the cost of bullion coins. However, many of these commemorative coins are merely gold-plated, which makes them more expensive to melt down and refine. In contrast, gold bullion can be sold more easily at market rates.
The Misinformation Problem
If you’re new to buying gold coins, you may not realize that coins advertised as valuable gold investments aren’t always what they seem. Often, there’s significant hype surrounding coins that commemorate momentous occasions, such as the first moon landing. This hype can lead you to believe that these coins are solid gold when, in fact, they might be made of another metal with only a thin gold plating.
For example, you might have come across limited-supply commemorative Anzac “gold” coins or coins minted in honor of Captain Cook’s voyage. These are often marketed with a sense of urgency—like being one of only 1,000 people to own such a coin. They’re sold at relatively low prices and come with certificates of authenticity, which may seem credible. However, these certificates often mean very little, as they do not guarantee that the coins are made of real gold.
Why Gold Bullion Is a Better Investment
Instead of investing in commemorative coins, it’s wiser to purchase gold bullion coins or bars. Gold bullion has intrinsic value that appreciates over time, in line with the global gold spot price. Unlike commemorative coins, gold bullion can be easily sold during periods of financial distress due to its high liquidity.
Investing in gold bullion also offers protection against inflation, recession, and other economic uncertainties.
While commemorative coins may look nice and can serve as a way to show support or express your interests (much like collecting baseball cards or limited-edition comics), they do not function as a store of value, hence when you sell bullion Brisbane you will get a better price. Gold buyers are generally not interested in these coins, as they lack significant value beyond their collectible appeal.
In summary, if you’re serious about investing in gold, it’s best to avoid commemorative coins and focus on acquiring gold bullion. This will ensure that your investment retains value and can be sold easily when needed.
