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History of Modern Bullion Investments

Gold and Silver prices move differently from the stock market but it is always difficult to know when the prices of Precious Metals will go up or down. Investing requires you to watch Precious Metals prices in order to make informed decisions. History, however, plays an important role as well. Modern bullion investments have several options from Silver Maple Leafs to Gold Libertads. The selections are abundant, but with a brief history lesson in bullion investing, you will be in a better position to make the right decision. How do you know which investment sets you up well now and for the future? In order to answer that, you have to know when modern bullion investing started. 

A History of Bullion Investing: The Gold Krugerrand

Investing in coins traces back to the South African Krugerrand. First minted in 1967, the Krugerrand was originally designed for "the general public around the world to have ownership of Gold." (USA Gold Bureau) The 1960s and 70s were a time when several countries were not allowed to own Gold bars or Gold coins of any kind. The Krugerrand presented a different challenge. The South African Mint struck these Gold bullion coins as legal tender made of an alloy of 91.7 percent Gold and 8.3 percent Copper. 40,000 coins were struck in 1967 but several more were struck in later years.

The Krugerrand as legal tender allowed anyone to buy them. "The biggest issue with this was that with South Africa's commitment to Apartheid, the U.S. and many other countries in the world banned the import of these coins [Krugerrands]...Today it is one of the most popular ways for private citizens to own Gold as an investment tool." (USA Gold Bureau) Investors could not own Krugerrands on United States soil until Apartheid ended in the 1990s. 

This history is important because it highlights the Krugerrand's role as a practical Gold bullion investment tool in the 60s. This, coupled with a new watchful eye on metals prices, allowed the Krugerrand to grow. Especially important was its status as legal tender, which opened up buyers from all over the world. Buying Gold Krugerrands in the 60s set a precedent for modern investing in bullion. Today, there are few restrictions in collecting or investing in bullion. Platinum, Palladium and Silver bullion are other practical bullion options for the modern investor. 

Options for Modern Bullion Investing

Whether you are investing in Silver bullion or investing in Gold bullion, there are many quality options. If history is any indication, coins produced by sovereign mints offer great value. They are legal tender with guaranteed metal content. Krugerrands are popular choices, but here are three other options that are popular with modern bullion investors. 

  1. Austrian Philharmonics. The Philharmonics were first minted in 1989 and were the highest-selling Gold coin in 1992, 1995 and 1996. This Gold coin pays tribute to one of the finest orchestras in the world, the Austrian Philharmonic. The coin's details are intricate and beautiful. These coins are available in fractional sizes to ease the price burden for some investors. Silver Philharmonics and Platinum Philharmonics are also available. 
  2. American Silver Eagles. Widely considered America's only investment-grade Silver bullion, this coin is among the most popular Silver coins in the world. The American Silver Eagles contain .999 fine Silver and offer a good way to balance investment portfolios for short- and long-term investing. The design was used in circulation previously on the Walking Liberty Half Dollar of the early 1900s. 
  3. Perth Mint Gold Kangaroos. This is Australia's version of the Gold Krugerrand. Equally popular and collected, this Gold investment coin honors Australia's most iconic animal, the Kangaroo. These coins come in sizes from 1/10 oz Gold to 1 oz Gold. Perth Mint Gold Kangaroos are beautifully designed. Relatively new, these coins were minted in 1987 with fanfare from numismatists around the world. It is one of the only sovereign Gold coins with a yearly changing reverse design.  

Other great bullion investment opportunities include Gold Double Eagles, Silver Maple Leafs, Gold and Silver Chinese Pandas and Platinum Eagles. These options are valuable and struck with a high purity of metal content. The Gold Krugerrand made it possible to open up the options of Gold bullion investing. Over the years, investing has evolved to take on other Precious Metals. There are many Precious Metals bullion to choose from. Gaining an understanding of where metals prices are and how investment in bullion started, you can make a wise investment choice.  

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