5 Important Tips for First Time Gold Coin Buyers

 

Buying gold coin for the first time seems difficult to deal with, but if you know some facts, it has been an easy task for you. In this blog tutorial, we are going to discuss five helpful tips providing some guidelines and stress-free gold coin buying suggestions. So let’s get into the blog…

1. Analyze the Recent Gold Coin Market

According to many experts, buying gold coin is a dependable and long-term investment. It’s also considered a low-risk investment compared to other available investment options. For the first time gold buyers, it’s important to read and analyze as much as possible information and reviews. For example, analyze the analyst’s findings, investment news, financial publications, industry websites, and some well-known gold and silver coin blog for the sake of your investment. These sources will help you to understand your gold investment plan.

2. Understanding Your Side of Action – Why Investing in Gold?

As we said before, investing in gold can be a potential option to diversify your money or wealth. Lots of people choosing to invest in gold because they think gold is a precious metal and the demand will always be high even in the time of inflation. If gold is securely stored, it can maintain and carry the actual value of wealth over a long period of time. Also Gold can protect your assets in the time of inflation, unexpected political or civil issues. Gold is easy to store, and hiding is not so difficult.

3. Understand the Investment Option and Your Budget

Ask yourself what’s my budget before investing in gold! It will help you to understand gold investment option and which one is good for diversifying your wealth. There are several options you can consider when buying gold, such as Gold Bars, Gold Coins, and Jewelry.

When you decide to buy gold bars, you will find the bars which are 99.5 to 99.99 percent of gold. It is also called pure gold. These gold bars are stamped with the refinery name while they were processed.

Buying Gold coins is not only an investment option, a hobby too. You will find different kinds of the Gold coin comes from different manufacturers like Perth Mint, Royal British mint, Royal Canadian mint, South African mint, South Korean mint, etc. Gold coins are valued as same as gold bars.

4. Choose the Weight of Gold

Choosing the right weight of gold is pretty obvious for the first time buyers. Before buying the gold, choose the right weight. It will determine the particular price of gold which is suite for your budget. For example, if you want to buy 1/10 oz Canada Maple Leaf Gold coin, evaluate the price and decide is 10 oz perfect for you regarding your investment budget? You can also choose several standard sizes like 1 oz, .5 oz, .25 oz, and .10 oz.

5. Identify a Well-known Gold Distributor

Throughout the whole world, you will find lots of dealers, brokerage houses, and banks who offer you several options to buy gold bars and coins. It’s important to identify a dealer or distributor (LPM.HK) who you can trust and be comfortable working with them. So don’t hesitate to ask a variety of questions you might have. Here are some Checklists…

1. Find out how long they have been in the Gold bar or coin business.

2. Check their Gold bars and coin option.

3. Check their ratings and reviews from other customers.

4. Do a Google search for their business.

Final Thoughts

Finally, remember security and safety is the most important things while buying gold. Also, ensure the safe storing for your purchasing gold. Hope these five tips will give you a smooth first time experience while purchasing gold.

Details about 2019 1/20 oz Australian Lunar Year of the Pig 2019 Gold Coin

The 1/20 oz Australian Lunar Year of the Pig 2019 gold coin is the latest coin from Perth Mint. Australian Lunar Bullion Coin Series II gives its finale in 2019 with portraying the pig on its surface from the 12-year lunar calendar. Perth Mint Australia’s global leader in Gold and silver coins shows great attention to detail, and each coin of this series is well crafted.

1/20 oz Australian Lunar Year of the Pig 2019 Gold Coin contains 99.99% pure gold with an excellent quality. The coin symbolizes the year of the Pig with a fascinating design marking this social, very smart, and inquisitive animal. It’s designed with a unique minting procedure that guarantees the coin has particularly shiny and covering surfaces with lots of detail. This gold coin is really a piece of spectacular gold art perfect for hobbyists and collectors with an eye for value.

Why You Should Buy This Coin

Perth Mint’s Lunar Year of the Pig gold coins are created based on the traditional Chinese Lunar calendar. This lunar coin indicates the Year of the Pig with an excellent design celebrating highly intelligent animal.

This coin can be a great gift for your closest and loved ones. Praise and appreciate your loved ones by inscripted their values and year of birth in shiny and pure 24 karat gold. This gift will remain with them always.

Australian Lunar Year of the Pig gold coins are crafted in highest quality. Each gold coin is crafted by The Perth Mint, one of the global contributors to precious metals also found in the distributor’s shop (LPM.HK) locally and online.

Another reason you should buy Australian Lunar Year of the Pig gold coin, it’s rare. Although smaller mint coins are available, the mintage time period sets boundaries to coins’ number – they’re created during just one year.

These coins can bring you great value – It’s money. The Gold Lunar Series was launched in 1996. This Year of the Pig is recognized to be legal value by the Australian Government.

History of Australian Lunar Gold Coins

It’s considered that the Chinese lunar calendar was formed almost 5 millennia ago by ancient ruling dynasties. Since that time period, the Chinese calendar has been continuously developed by astrophysicists of several royal Chinese rulers, finishing in the last version that was added stated by the earth’s journey around the sun but became into a lunar calendar, thus securing it formally a lunisolar calendar.

The 1st Australian Lunar gold coin series created by The Perth Mint in between 1996-2007, and became the successful bullion series exceeding expectation among collector and investors. Therefore, towards the finish of the 1st series, the market demand for second 12-year Lunar coin series became skyrocketing.

Adding even further to the demand of Lunar Year of the Pig Series II, most of the coins are discovered with a bigger diameter than standard, continuing to their reputable appearance.

 

Seven Interesting Facts about Golds

Throughout history, Gold and Silver hold their value substantially. Even many investors are now considering investing in Gold coin and Silver coin as a safe investment. In this article, we are going to share 7 facts about gold. So let’s get started…

1. In the World’s Oceans, Ten Billion Tonnes of Gold Dissolved

You would be amazed to hear that, there are almost 10 billion gold is dissolving in seawater. It exists in small but visible quantities in normal seawater. There is estimation that, if you efficiently refine it out, you could get 20 tonnes of gold substance from a cube of seawater. The seawater holds more gold than humans ever have mines during the history of gold mining. But recovering gold from seawater is more expensive than traditional mining.

2. Elvis Presley Has Three Gold Plated Cars

Famous singer and performer Elvis Presley has three gold plated cars. According to the technical facts, only fenders, hubcaps, and other bright colored chrome plated vehicles were gilded. Elvis Presley was very fashionable. Having three gold plated cars are one of the remarks of Elvis Presley.

3. Pure Gold is soft at Room Temperature

Gold can be shaped at any form. It is 99.99% pure and can easily be bent by bare hand. That’s the reason; a large amount of pure gold is shaped into gold bars and ingots so it can be transported easily. Also, there are some large amounts of gold is shaped into gold coins. You can look at the store like LPM.HK to check the variety of coins that feature pure gold.

4. World’s Largest Gold Coin is 80cms Wide

The Perth Mint is holding the current record of creating the largest gold coin. It is 80cms wide and 12cms deep. The weight of this coin is one tonne. This one-tonne gold coin is a masterpiece and features a red kangaroo surrounded by amazing rays of sunlight. It is a 99.99% pure gold coin and represents the summit of innovation and imagination of the designers.

5. Heavier Than Appears in the Movies

Imagine the movies where you’re favorite star casually picking up a four stone bar and ran off like a sprinter. But in reality, gold is much heavier than that. A 400 troy ounce or 2 stone gold bar weights 12.4 kilos which is 21-39 cm long and only 2.5-4.5 cm thick. In movies, props are twice that size which is unrealistic.

6. Gold Medals Awarded at the Olympics are not Pure Gold

Since World War 1, gold medals awarded at the Olympics are not actually gold. At the last Olympic Games, the gold medals are made of .925 grade silver plated with a mere 6 grams of gold. The silver medals are actually .925 grade solid silver, and the bronze medal featured mostly copper. The last pure gold medal was awarded at 1912 Olympic Games.

7. Huge Quantity of Gold Available in Outer Space

According to the statement of many Planetologist, there are a huge number of gold available in outer planets like Mercury, Venus, and Mars. During the supernova explosions, gold was crashing into space including Earth. But mining gold in the space is the real challenge. If it’s possible to mine gold, the collector’s value would be considerable because there will be a huge cost of mining gold.

Facts about Gold and Silver | Which One Worth Buying

Lots of people have been buying gold and silver for thousands of years. Also, gold and silver coin is precious and holds the perfect value over the years and can easily found in every corner of the world. These two types of bullion coin have their own demand. Gold is rarer that silver, no surprise why gold is more pricey than silver. Okay, now let’s discuss some facts and the difference between gold and silver.

Facts about Gold

1. Gold is rarer than lots of other materials. It is so rare that the amount of steel pours in an hour is larger than the gold has poured since the beginning of the civilization.

2. Rust doesn’t affect gold and so flexible that you can make into sewing thread.

3. It’s hard to find 1-ounce nugget than a five-carat diamond.

4. The boiling point of gold is 2808°C and melting point is 1064°C

5. Ninety percent of total world’s gold has mined since California gold rush in 1849

6. “1 Tonne Gold Kangaroo Coin” is the largest gold bullion coin ever made. It was produced by the Perth Mint in Western Australia in 2012. The face value of this bullion coin is over 1 million AUD.

7. Almost half of the mining gold is used to make jewelry, and this is the biggest application of gold.

8. There are 4600 tonnes of gold is stored in US Bullion Depository, Kentucky.

9. Gold is used for decorative and monetary properties. Also, it has a wide application of industrial application variation from electronics to nanotechnology via dentistry, also used in the space industry. Almost 9% of gold used for technical uses.

10. There are almost 15000 tonnes of gold laid on the world’s sea-bed.

Facts about Silver

1. Silver is best known for the use of the electronics industry as it is the best conductor of both heat and electricity.

2. Silver is the best light reflector, that’s why silver is used to make mirrors.

3. Related to Silver, more patents have been issued than other materials.

4. Until 1965, the US coins, quarters, dimes, and half dollars have contained ninety percent silver.

5. Silver is vastly used in industrial use. Also, it is used in traditional film photography called the silver screen. In this technological era, silver is used in mobile phones, batteries, medical applications, and switches.

6. Until 1947, British silver coins contained real silver. But later, it was replaced by Cupro-nickel.

7. According to the RSC(Royal Society of Chemistry), Silver has antimicrobial elements. That means, it can be woven into clothing to protect us from bacteria.

8. Thirty pieces of silver for which Judas Iscariot, who betrayed Jesus have been shekels issued in the town called Tyre, located in Lebanon.

9. According to a study from the Astronomy and Astrophysics journal in 2012, they found that larger stars explode and produce gold while smaller starts produce silver.

Bottom Line

Gold and silver are used for centuries and a great way to invest. There are lots of online and traditional shops like LPM.HK where you can buy gold or silver. Also, you can look into their collection range from their website instead of directly going to the store.

Four Reasons of Having Austrian Philharmonic Gold Coins

Muenze Oesterreich, a famous Austrian Mint Company has been creating some amazing products over Eight Hundred Years. Among all the products Philharmonic coins is the most extraordinary collection. Have you considered investing in Austrian Philharmonic Gold Coins? Well! Congratulations! In this article, we are discussing four reasons why you should include Philharmonic coins in your collections…

1. A Perfect Product Comes from High-Quality Mint

Before buying gold or silver, you have to purchase always from the respected source with a proven record. Hence, the Austrian Mint has maintained its quality, and it is one of the largest mints in Europe. It also has a reputation for rich tradition and craftsmanship. Coin’s high quality even be eligible for use in an Individual Retirement Account. Muenze Oesterreich sold almost 23.52 tons of Philharmonic gold alone in 2015, which makes them one of the largest gold coin selling companies along with American Eagle Collections and Canadian Maple.

2. Different Sizes with Limited Mintage

Different from many other coin collections, Philharmonic Gold Coins comes in a great variety of sizes. The big one comes in as 1 Oz and others respectively come in as ½ oz, ¼ oz, 1/10 oz, 1/25 oz gold. The weight and purity guaranteed by the company. World Gold Council declared this gold coin the best-selling gold coin in 1992, 1995, 1996 and 2000. Respecting the 15th anniversary of Europe’s pure gold bullion coin, Austrian Mint introduces the huge “thousand Oz Vienna Philharmonic Coin”. This coin also refers to as “Big Phil”. Only 15 of those are available on this world and each of them carrying the weight of 30 kilos with pure .9999 fine gold. The Philharmonic also has the collection of Silver coin and platinum coin to enrich their storage.

3. Historical Attraction and Beautiful Design

Thomas Pesendorfer, a legendary Austrian engraver designed this coin to portray the orchestral instruments like Cello, Violins, Vienna horn, Basson, and Harp. Followed by the German engraving Wiener Philharmonic also refers to as Vienna Philharmonic. Portray of these instruments represents the famous Vienna Philharmonic Orchestra and the rich culture of Austria. The other side of the coin portrays “Great Organ” which is situated at Vienna’s renowned “Golden Hall”. This is the place where the Vienna Philharmonic Orchestra stages their performance. The Country of issue, Tender Value, Weight and purity are also engraved.

4. Availability

The Philharmonic gold, silver, and platinum collections are so famous that they are available almost in every country. As it is the most popular coin in the market whole over the world, it is accepted everywhere. You can sell your Philharmonic investment anywhere you want. It is easy to sell and the most trusted coin whole over the world.

However, don’t forget to buy any of these coins from a reputed distributor. Choose a well-known and reputed online merchant like LPM.hk who can provide the best Austrian Mint products to you. Also, don’t forget to check the original packaging with plastic tubes.