Gold coins

Why invest your savings in gold coins?

Investing savings in gold coins is one of the most popular methods of investing in physical gold. This is no surprise, as gold in the form of coins has represented money since the dawn of civilization. Over time, gold coins have proven to be a sustainable asset that successfully preserves our funds from inflation and crises.

Today, gold is at the core of the financial world. It serves as an anchor of stability and a means of portfolio diversification for individuals, companies, financial institutions, and even central banks. People appreciate it for its liquidity – an authentic gold coin can be quickly sold for cash if needed.

Although the most popular investment gold coins contain up to one fine ounce of yellow metal, they still represent immense value in a physically small object. One of their huge advantages is that there is no third-party risk – by investing in gold bars and coins, savers acquire value that does not depend on another person or organization.

Given these properties, it’s no wonder that, between 2010 and 2021, global consumer demand for gold coins increased by 51%, according to the World Gold Council.

In 2022, most of the world’s most popular gold coins, such as the Vienna Philharmonic, Canadian Maple Leaf, and Australian Kangaroo, achieved their highest sales in history.

It is very simple to save in gold coins, and they also make excellent gifts for your loved ones. At Tavex, we offer the possibility to buy in our branches as well as safe and convenient online purchases. Before making a purchase, it is recommended that the investor determines a specific goal for their investment and knows how particular gold coins are priced in order to choose the best product.

Investment Gold Coins – Types

For a coin to be considered investment-grade gold, it must:

• Have a minimum purity of .900 (or 21.6 karats),

• Be produced after the year 1800,

• Be, or have been, a legal tender in the country of origin,

• Be traded with a premium not exceeding 80% of the current value of the pure gold it contains.

Investment gold coins meeting these criteria are exempt from VAT. However, products manufactured outside the European Union, Switzerland, Turkey, and the United Kingdom are subject to excise tax upon import.

There are two types of gold coins – modern and historical. Over time, some products, such as the Australian Lunar Calendar coins, featuring an animal from the current year according to the Chinese calendar, have the potential to acquire collector value.

But what is the difference between these two types of gold coins? The key distinction is that historical gold coins were in daily circulation – they were used as a medium of exchange in the past. This means that most of them are no longer produced (the Austrian ducat is an exception). Typically, they are of lower purity because pure gold is a soft metal, and coins would wear out more easily with constant use.

Modern investment gold coins are made of pure gold with a fineness of .9999 or .99999, in the case of the purest Canadian Maple Leaf. They are not expected to be used in monetary circulation, and therefore, it is not necessary for the gold to be alloyed with other metals.

It is important to note that when it comes to gold coins and bars, there are specific considerations regarding their storage.

How to properly store gold coins?

Modern gold coins, which are not used as legal tender and have high gold purity, can be easily damaged or deformed. Therefore, it is recommended to keep them in their protective capsules and, if necessary, handle them only with gloves, as their condition can directly affect their buyback value from dealers.

As for historical gold coins, they were once in daily circulation, so they may show signs of use. However, they also need to be protected from damage – chipping on the edge, scratches, dents, or damage to their visual elements.

Frequently Asked Questions

How to properly store gold coins?

Modern gold coins that are not used as legal tender and have high purity can easily be damaged or deformed. It is recommended to keep them in their protective capsules and handle them only with gloves, as their condition can directly impact their buyback price with dealers.

As for historical gold coins, since they were once used in daily circulation, they may show traces of use. However, they should also be kept safe from damage – edge chipping, scratches, dents, or damage to visual elements.

Do investment gold coins come with a certificate?

Typically, investment gold coins do not come with a manufacturer’s certificate, which is usually the case for mint coins. Unlike gold bars, they also do not have a serial number.

However, like the banknotes we use every day, these gold coins have specific parameters and security features that indicate whether they are authentic or not.

They can be verified on the manufacturer’s or dealer’s website. In cases where a certificate is essential for the customer, we recommend considering only the document issued by the manufacturer (if applicable).

What are the best-selling gold coins in our market?

When it comes to purchasing gold coins, the best-selling modern gold coins in Serbia are the Franc Joseph coin, known as the Austrian ducat, and the Vienna Philharmonic. In 2022, Britannia was also very popular, along with the Queen’s Guard and Tudor Guard series. These are not only world-renowned gold coins with refined designs but also products with high liquidity on the global market.

From the historical gold coins, the popular ones include:

• Austrian ducats,

• Representatives of the French standard for the franc (Napoleon, Marianne, Genius, Vreneli).

How are gold coins valued on the market?

Gold coins are valued in the market based on their weight, purity, manufacturer, condition, and demand. While the base value depends on these factors, additional value can arise from the collector’s status or age of the coins.

What does availability and pre-order mean?

When a product is marked as available, it is immediately ready for shipping or can be picked up in our office. Pre-order means that the product is currently out of stock but can be ordered. If you prepay for an unavailable product, once it is back in stock, it will be shipped to you or you can pick it up at our office.

What are the payment and delivery methods for gold coins?

All payments are exclusively in dinars. You can pay via bank transfer, payment slip, or in cash. Delivery can be made to your home address via D Express courier service (to your home address, parcel locker, or pick-up point), specialized transport by a security company, or you can pick it up personally at our office.