Today, more new investors are turning to the gold market to diversify their portfolios in the hopes of finding success in this volatile economy. With so many investment options to choose from, investors with various budgets and goals can find an option that suits their needs in the precious metals market. Understanding gold prices will be an important part of finding your way to a successful investment strategy. Coin collecting has been one of the most popular of all investment choices in the market and remains the top choice today. There are many types of coins that you could include in your collection.
Bullion coins are considered the easiest coins for beginners to collect. They give new collectors a chance to get to know the market without complex factors that determine the coin’s value. Gold prices are essentially the only factor that determines the value of gold bullion coins. These coins typically carry a face value, but their value will be determined by the coin’s weight in gold. Bullion coins typically carry 99.99% purity. Coins like the American Gold Eagle and the Canadian Gold Maple Leaf are among the most popular bullion coins on the market today.