Are Australian Gold Coins Right For You?
An Overview Of Australian Gold Coins
Gold coins prove very popular among quite a few investors. This is because they are such a convenient way to start acquiring more overall ounces of gold specifically. Gold coins get produced by a variety of mints all around the world. So, they come in even more purities, weights, and sizes. On top of that, gold coins come in quite a few different looks and designs. Many gold coins are produced for the celebration of important historical events, while other coins might pay specific tribute to the wildlife or scenery of a particular nation or country. For instance, Australian gold coins might feature different designs depicting the continent's native animal species.
Australian Gold Coins And Their Popularity
Quite a few Australian gold coins are very popular, not just on the continent itself, but also around the world. Several mints produce the most popular coins, but such precious metals enterprises might not just work in premium gold, but also platinum and silver products that see global demand and distribution. Australian mints are sometimes among the nation's biggest exporters, sending billions of dollars worth of coin and bar products to more than half the world's nations every year.
One particular coin that some investors love is the Australian Gold Kangaroo coin, considered by many to be a prime example of the beauty, craftsmanship, and quality that Australian mints are known and held in international regard for. This 1-ounce gold coin sports the nation's iconic kangaroo, while in its native and natural habitat. The design of the coin is something which changes annually, so collectors and investors alike have a bounty of designs to pick from to bring diversity to their collection or portfolio. Another feature of this 1-ounce gold coin is the profile portrait of none other than Her Majesty Queen Elizabeth II. The coin has 1 troy ounce of precision 99.99 percent fine gold, often considered legal and good tender of a face value of a hundred Australian dollars.
Investors and collectors can also find the Australian Gold Kangaroo in smaller weights, such as a half-ounce, quarter-ounce, and one-tenth ounce. Investors on tight budgets can possibly enjoy these smaller-weight coins as more affordable ways to enter this kind of market or collecting. They often carry designs identical to their larger 1-ounce counterparts, but their face values are smaller.
The Australian Gold Rooster coin is another popular selection from the land down under. This particular coin is designed to pay its tributes to the year of the rooster. It also features a meticulous profile portrait of, again, Her Majesty Queen Elizabeth II. Such gold coins have immaculate design and details. They are also available in many different weights, ranging from 10 ounces down to the one-twentieth ounce. The fine gold coins are available in both proof versions and bullion.
Australian gold coins are a tremendous choice if you want to give your collection or portfolio diversity and gorgeous work. Since these gold coins are so small in size, you can transport them easily for storage in a home safe, your safe deposit box in a bank, or whatever depository you choose. Given their high purity, many Australian gold coins might even be possible eligible for purchase inside your IRA account. Having said that, you're best off consulting a tax professional prior to buying an IRA or buying Australian gold coins within an IRA in order to make sure that eligibility is assured and all proper guidelines are adhered to.
Australian gold coins make for great additions to your collection or portfolio, often providing very reasonable premiums over spot pricing.
