Gold Coins Vs Bars

1 kilo bar is more economic to produce than 32 x 1 ounce gold coins or 136 x gold sovereigns.

Gold coins vs bars. They may have less collectible value than coins but at least they have the lowest premium over spot price. The answer on which is better will be often get determined by the gold bullion buyers highest objectives. They are compact stackable and very easy to store. Coins will usually get a higher price premium.

Government issued bullion coins will typically carry the highest prices over spot generally due to the large seigniorage fees governments charge bullion dealers for their products. The lowest priced bullion products will typically be the largest privately minted bullion bars 100 oz silver and 1 kilo gold bars. Gold bars attract a smaller premium as opposed to bullion coins due to their larger unit size resulting in lower manufacturing costs. Gold bars n precious metal lump or ingot struck by both government mints and private gold mints.

Some coins contain 91 7 22 karat gold and the remaining alloy while others are 99 99 24 karat pure. For example it is more cost effective to buy a 1 kilo gold bar than to buy ten 100g gold bars for the very same reason. This also applies to gold bars. Bars are rectangular slabs of 999 pure gold and are produced in sizes ranging from 1 oz.

The common perception is that rectangular bits of gold bars are the most cost effective and perhaps the only available form of gold bullion. Owning bars is a great way to keep your raw precious metal in 1 to 10 ounce sizes. The same thinking has it that round bits of gold coins are not really gold bullion. Gold bars produced by private mints gold bars are significantly larger in size than coins measuring anywhere from one to ten ounces and shaped in a familiar rectangular slab.

The minimum purity required for a gold bar is 99 5 gold. To 1 kilo with many sizes in between. Bars will fetch a lower price premium as compared to coins. When buying larger sizes the premium on bars can be significantly lower than coins as the production costs are lower.