Some of the things to look for when you are buying gold coins are:
- Type of coin. Eagle, sovereign etc.
- Size of coin. These can vary also Sometimes measured in value and sometimes in weight.
- Face Value. 1 rand or 10 rands (South African) for example
- Weight. Usually measured in troy ounces or part of an ounce but grams have also become a popular weight measurement recently
- Fineness. (999% fine) Amount of gold compared to other metals, such as silver, Gold bars are usually measured as 999 parts per 1000. Most gold coins are usually 917 parts per 1000. other metal is added to make them easier to mint.
- Gold Content in Grams. The weight of the gold contained within a gold coin measured in grams
- Gold Content in troy Ounces, The weight of the gold contained within a gold coin measured in ounces.
- Price. How much you would be expected to pay for the gold coin advertised. This would include any margin added by the seller and any tax that might be applicable.
The above information should be clearly displayed along with, ideally, a picture of the coin. Sometimes the date it was minted and the condition is included also if it not a mint coin (new, never been used, Mint Issue), will be mentioned.
Some old coins can have a value far beyond the face value or the gold value.
Such coins are worth keeping as they will only continue to increase in value over the years.
Much better that a printed bank statement, there is nothing quite so satisfactory as having some gold coins to look at and feel and know they are yours.