Voted #1 Gold Buyer in Melbourne
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227 Collins Street
Melbourne, VIC 3000
we are in Business Since 1948
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we are in Business Since 1948
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1800 618 805
Clock Icon
Mon - Fri: 9:30am - 5:30pm
Saturday - Sunday Closed
Location Icon
Level 14, Off 1411
227 Collins Street
Melbourne, VIC 3000


Should You Buy Gold Bullion or Gold Coins

Since the beginning of time, gold and other precious metals have been seen as real money. If you’re looking to buy gold, you might be wondering which type of gold is best to purchase as an investment. You can shelter your dollars in gold jewelry, gold bullion, gold bars, bullion coins, and other forms of physical gold. Here at Gold Buyers Melbourne, we buy and sell any precious metal. Here’s the low-down on the differences between gold bullion and gold coins for investment purposes.

What are the differences between gold bullion coins, gold bullion, and numismatic coins?

Bullion coins are gold and silver coins that are purchased strictly as an investment or a hedge against inflation. Larger gold and silver bars are also considered gold or silver bullion. It is a common misconception that gold bullion and gold coins are two different forms of precious metal, but they aren’t. Gold bullion can also be in the form of a gold coin.

The weight of bullion gold coins is measured in even amounts and also in grams for silver bars or gold bars. Mostly, bullion coins are made year-to-year, and people usually invest in them, not so much as buy them as protection from inflation. The Perth Mint Australian Lunar is an example of a gold bullion coin. These gold bullion coins are also considered legal tender. Many gold bullion coins from the Perth Mint are struck from 99.99 percent pure gold. Not only are they good investment pieces, but they are also beautiful.

A numismatic gold coin is a collectible coin. These coins aren’t legal tender, and they are not created every year like gold bullion coins. Mostly, numismatic coins are historical forms of money and aren’t in circulation anymore. These coins aren’t valued for their gold weight and metal content, but their rarity and collectible value.

Numismatic coins aren’t valued based on the gold spot price. As such, their value is subject to more extreme fluctuations in the collectibles market, although very rare numismatic gold coin series can command a high sales price. With most numismatic gold and silver coins, their value as a collectible is often far higher than the value of their metal content. But, they aren’t investment pieces. Swiss 20 Francs and the British Sovereign are examples of collectible, numismatic coins.

Both numismatic and gold bullion coins feature interesting and beautiful relief figures. If you’re looking to invest in gold coins and gold bullion, it’s important to understand why you’re choosing to purchase the piece in the first place. Numismatic coins are mostly for collection purposes, and history buffs tend to enjoy collecting, buying and selling these types of rare coins as a side hobby. But for strictly investment purposes, gold and silver bullion is the way to go.

What size gold bar or coin would you like to invest in today? Stop into our secure location at Gold Buyers Melbourne today. We buy and sell gold bullion, and can offer you close to spot price for your gold coins.