Often investors and gold bullion dealers are willing to pay a slightly higher price for gold coins given their ease of recognition, liquid two-way markets, and government guarantee or backing. In contrast gold bars are both struck by private mints and government mints. The range in gold coin sizes typically varies from 1 oz gold coins to 1 gram gold coins.īy industry definition, gold coins are struck by government mints and usually have a legal tender face value from the nation or union from which they are made. Gold coins are typically made of 22k or 24k fine gold and come in various sizes and shapes. Investors often choose gold bars for their typical lower price per ounce over the fluctuating gold spot price compared to government gold coins. Investors, governments, and central banks buy gold bars to diversify their savings and prepare for an uncertain future. The range of gold bar weights typically varies from 1 gram to 400 oz gold bars. 999 fine gold and are struck in various sizes and shapes.

Both the Canadian Mint and Australia’s Perth Mint make such government guaranteed yet low price gold bars. Maybe government minted gold bullion bars are be the best hybrid between both offering a low price gold bar coupled with a government guarantee and high recognition hallmark. If owning a government backed highly recognizable legal tender coin is most important to you, than perhaps buying a gold coin or multiple gold coins is your best option. If buying the most ounces of gold for your capital is your biggest goal, buying gold bars is probably your best choice. It is often the goal of investors to buy gold bullion at the lowest price per ounce possible. We are the world’s #1 Gold News website, and a trusted online bullion dealer choice from where to both sell and buy gold.

Since 1977, Kitco has been buying gold in the form of scrap, gold coins, and gold bars. Should you buy Gold Coins or should you buy Gold Bars?

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