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Top 3 Gold Bullion Coins to Buy - Protect against Inflation- 50 Peso Centenarios, 100 Coronas, Krugerrand

Updated on May 29, 2010

I am writing this article for one reason and one reason only, to give advice on which gold coins you should buy should you desire to own physical gold. There is tons of information out there as to WHY you would want to own gold, and especially physical gold bullion, I will not get into that. I have been buying gold coins for the past 3 years and have one goal in mind, to get as much actual gold for the lowest cost possible, that means that we want to pay the smallest premium possible over the intrinsic value of the gold in the coin. Here are my Top 3 Choices!


Mexican 50 Pesos Centenarios

I believe that the best possible coin to buy in most cases is the 50 Peso Mexican Cenenarios.  This coin includes 1.2057 ounces of pure gold, so it has more gold per coin than all of the other coins on the list.  You pay a premium to have a coin, so the more gold you can have per coin the better.  This coin is 90% gold and 10% copper so it is pretty durable and not as soft (and easily damaged) as coins with a higher percentage of gold.  To find what the value of the gold is just take the current spot price of gold  X 1.2057 and you get the value.  You should be able to get this coin for a small premium over the value of the gold.  Rumor is that the designer of this coin is the same that did the walking liberty US coins and it truly is a BEAUTIFUL coin!

#2 Austrian 100 Corona

The Austrian 100 Corona is another great coin to buy. These coins are re-strikes (this means that they are a replica of a historic coin, so they are not really from 1915.) They have Franz Joseph I, Austrian Emperor from 1848-1916 on the front and the Austrian Coat of Arms on the back. These coins include .90 ounces of gold per coin and they are 90% gold and 10% copper just like the 50 peso coins. Pretty coins, pretty easy to find and very low premium over the cost of the gold in them. You might also see the 100 Corona Hungarians, same specs as these, but look different and are more rare.  Value is the spot price of gold X .90

#3 South African 1oz Krugerrand

Though I am not a huge fan of the Krugerrand as it does tend to demand a little more of a premium than the other coins on the list, there are more of these out there than all other gold coins combined, and they are still being made, so you had better know what they are as you will certainly run across them. Avoid anything but the 1 oz version as you will pay a larger premium per unit of weight with the smaller coins. These coins do include exactly 1 ounce of gold, so that makes it very easy to figure out their value. They are 22 carat gold in an alloy with copper and are EXTREMELY popular and great looking coins!

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    • TheSituation profile imageAUTHOR

      TheSituation 

      8 years ago

      Coinguide,

      While the American Gold Eagle is a great coin and a work of art, I feel that you pay a premium to the actual value of the gold contained in the coin. The criteria for this list is the most actual gold for the lowest price and I would say that at least #1 and #2 on the list easily beat out the Gold Eagle for that. Thanks for the input though!

    • coinguide profile image

      coinguide 

      8 years ago

      Hi,

      I'm surprised the Gold American Eagle is not listed..what was your criteria for this? Thanks..

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