[Editor's note: In today's Notes from the Field, I want to share an excerpt from our premium intelligence –Sovereign Man: Confidential. We recently spoke with one of the world's top gold experts. And he shared a specific gold investment that's trading near historical lows and is one of the best ways to buy gold today, in my mind. I doubt you'll hear about this anywhere else. Read on for the details…]
The beauty, value and heft of a gold coin in your hand is a real pleasure, and it holds real value. I've got a fair number of them in my home safe. They're immediately accessible, valuable and liquid. If I have to, I can quickly turn them into cash.
There are two general types of gold coins – bullion and numismatics.
Bullion coins are the most well-known in the market– US Eagles, Canadian Maple Leafs, etc. These coins are valued almost exclusively on their gold content.
For example, a one-troy-ounce Canadian Maple Leaf gold coin typically sells for very close to the spot price of gold… you pay a little more for the workmanship that went into creating the coin and a small premium to the dealer for his services.
Bullion coins are usually manufactured annually by the government's mint. So they're not considered rare. But they're the cheapest and most-liquid way to invest in physical gold.