The Eagle or the Buffalo?
If you are seeking to buy silver bars, gold bars or coins, we can provide a wide range of different options for your needs. Gold coins are popular with collectors because they have great value and can be liquefied quite easily when you want to sell them. There are many different types to choose from, so you need to take care when purchasing them to ensure you make the right choice. Many investors choose to purchase American coins.
The most difficult part of buying American minted gold bullion coins is deciding which to go for. There are two distinct types; the Eagle and the Buffalo. They differ slightly both in terms of the design on the coin and the purity of the gold.
American Eagle coins were first minted in 1986 and are made from 22 karat gold mixed with a small amount of copper to improve their hardness. This means they are 91.67% pure but are slightly stronger; they were in fact originally intended to be circulated but the value of the precious metal means they make a better store of value.
The American Buffalo coins are slightly different and were first minted in 2006. They are made from 24 karat pure gold, meaning they have 99.9% purity but they are slightly softer and need to be handled with care. The reason they were minted was to compete with other pure coins including the popular Canadian Maple Leaf.
The market for Eagle coins is stronger than the Buffalo ones because they have been established for longer. They are also easier to handle because of the strength the copper provides. With either option they are a great store of value and highly regarded by collectors and investors.
If you’re considering whether or not to buy gold you need to look at the current market conditions and the forecast for the future. Precious metals are not great for fast trades and it is better to hold on to them for a while so you can sell at the highest point possible. Coins are easier to sell than bars and come in many different varieties so you can enjoy their designs whilst waiting to maximise their value. Take a look at our full selection of products if you are planning to buy silver bars, gold bars or coins of any kind. We are confident we can supply the right product to suit your requirements.
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