Bullion vs Numismatic Coins: What’s Best for Australian Investors
Over the past years, increasing numbers of Australians have resorted to precious metals as a safe measure to hedge and accumulate wealth. Investors have a tendency to decide between bullion coins and numismatic coins. It is essential to understand your differences so that you can make informed investment choices that align with your financial objectives. What Are Bullion Coins? Definition : Bullion coins are minted mainly due to their content of valuable metal, and this could be gold, silver or platinum, rather than due to their rarity or desirability. They are valued with regard to weight and purity. Examples : These are the Australian Kangaroo, the Perth Mint Lunar Series and other internationally recognized designs, such as the American Eagle and the Canadian Maple Leaf. Pricing : There is a correlation between the spot price and the metal, and it also includes a premium that covers both minting and distribution. This makes them comparatively easy for investors to invest in. Purpose...