The Krugerrand was first minted in 1967. South Africa, as a major producer of gold, saw this as an excellent marketing opportunity. Prior to the Krugerrand, most one ounce units of gold available for bullion investors were swiss-made bars. Bullion coins were smaller, such as the British gold sovereign, the Swiss and French 20 Francs, and the German 20 Mark. There were a few coins larger than one ounce, notably the Mexican 50 Peso, and the British Two and Five Pound coins. The Krugerrand, at one troy ounce, was a neat and tidy offering in a somewhat jumbled marketplace.
What are “Slabbed” Coins? When you visit London Coin Galleries in The
Shops at Mission Viejo you may notice that some, but not all, coins are
individually packaged in labelled and bar-coded containers. Known to
coin collectors as “slabs,” these are the product of third party coin
grading services. “Third party” because these services do not buy or
The term “Eagle” refers to either of two well known gold coins produced
by the United States government: the modern gold bullion investor coin,
or it’s ancestor, the $10 gold Eagle coin first minted in 1795 at the
Philadelphia Mint. The American Gold Eagle bullion coin, produced each
year since 1986, contains one troy ounce of pure gold plus additional...
A client asked me today, “What would be better
to invest in – bullion or collector coins?” The answer is… “It depends.”
If your goal is to own some precious metal to take advantage of rising
prices in those commodities, then by all means buy bullion. If you want
to collect coins rather than invest in metal, with an eye...