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Top 8 Precious Metals Companies


All the precious metals companies below offer both regular cash purchases and precious metals IRA investments. Click on the Free Gold Kit Button to the right to learn more about each company.

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Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $0 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Golden Crest Metals Review (2024) Reviews $0 $10,000 Entrust
American Coin Co. Review - Is The Company Legit Or A Scam? Reviews $0 $10,000 Equity Trust

Popular Gold Coins


Gold American Eagle

Best gold coins to invest in: American Eagle gold coin

The American Gold Eagle is an official and authorized gold coin of the United States, which makes it one of the most popular gold coins to invest in.

Because the term “eagle” is the official United States designation for pre-1933 ten-dollar gold coins, the weight of the bullion coin is typically used when describing American Gold Eagles (e.g., “1/2-ounce American Gold Eagles”) to avoid confusion.

This is particularly true with the 1/4-oz American Gold Eagle, which has a marked face value of ten dollars.

This coin features an image of Lady Liberty holding an olive branch and a torch in a classic design by Augustus Saint-Gaudens. The name of the coin, however, comes from the design by Miley Busiek on the reverse side, which features a male bald eagle guarding his family.

Overall, the Gold American Eagle delights in unequaled acknowledgment and ease of liquidity, making it one of the best gold coins to invest in.

American Gold Buffalo

Best gold coins to invest in: American Gold Buffalo coin

American Gold Buffalo is a  gorgeous gold coin delight in remarkable appeal, mostly since their artwork is a performance of the famous 1913 Buffalo Nickel, by James Earle Fraser.

The American Buffalo gold coin obverse features the magnificent profile portrait of a Native American chief. It reversely portrays a marvelous American buffalo influenced by Black Diamond, the American bison that resided in New York City’s Central Park Zoo in the 1910s.

Investors are mainly choosing to invest in this gold coin due to its .9999 fineness and immediate recognizability.

Canadian Maple Leaf

Best gold coins to invest in: Canadian Maple Leaf gold coin

The Canadian Maple Leaf gold coin is recognized globally for its purity, refinement, and beauty. Convenient in size, these gold coins are suitable for investors who prefer a physical investment they can hold in the palm of their hand.

Further, the Canadian Maple Leaf gold coin brings a legal tender worth $50 Canadian backed by the Royal Canadian Mint.

In addition, during the gold depression years, when some of the other mints reduced their gold coin production, Canada preserved its levels and ensured its coins were readily available.

Undoubtedly, buying gold coins for investment was getting financiers and keeping them to the standard of quality and assurance.

South African Krugerrand and Austrian Gold Philharmonic

Lastly, two other popular gold coins available for investment in 2024 and onwards are the South African Krugerrand and Austrian Gold Philharmonic.

 

author avatar
Stina Pettersson Senior Editor
Stina is an entrepreneur who's passionate about personal finance, investing, and digital marketing. She's been a writer in this space for over a decade.

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation, deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. So, if you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why should you invest in a gold IRA?

You should invest in a gold IRA to protect your retirement savings account and make sure your assets are safe and secure, while also ensuring that your wealth will appreciate. By investing in gold and other precious metals through a gold IRA, you do not have to worry about a possible stock market crash or inflation, where your paper assets would lose their value. It also allows you to take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Is the value of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.

Gold coins are smaller and more convenient than gold bars, but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. Although, gold coins are more useful for people who intend to use their gold as money.

When it comes to gold IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
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