No legal requirements or restrictions are placed on private mints to produce any specific amount of Precious Metals. Private mints make their own designs, branding, purity, and metal content. Private mints, as the name suggests, are privately owned and do not produce bullion for legal tender. Examples of these well-known sovereign mints include the United States Mint, Royal Canadian Mint, The Perth Mint, the Austrian Mint, and more. Widely collected bullion, such as the American Eagles and American Gold Buffalo coins, and these sovereign mints produce the Canadian Maple Leaf series. A face value is typically associated with bullion and an official legal tender status. Sovereign mints, also known as government or national mints, manufacture bullion produced for legal tender in that country. For collectors and investors, it is important to know the difference between sovereign mints and private mints. Gold bullion produced by these mints typically comes in coins, bars, and rounds, with a wide selection of sizes ranging from grams to ounces to kilograms available. Gold bullion is produced by mints located worldwide, by either a sovereign mint or privately owned. For a small fee, you can store it with a trusted third party such as Citadel - a service offered by APMEX - or you could choose to store your gold in your own vault or lockbox at home. There are many factors and options for this. APMEX has been on that shortlist since 2014 and is in such good company as Deutsche Bank, Scotia Bank, and Fidelitrade, to name a few.įinally, prepare for how you will securely protect and store your gold. For example, the United States Mint does not sell directly to the public but offers a list of Authorized Purchasers. In contrast, others wish to physically see their gold bullion in their hands - both options are available to fit the investors' preferences and investment portfolios.Īfter determining which form you prefer to purchase, research and identify a reputable seller. Some investors prefer the convenience of buying gold certificates. Gold certificates differ from gold bullion because the investor never physically encounters or stores the gold. It provides a great alternative to purchasing physical gold bullion. If you buy gold bullion, you will choose between purchasing physical gold - like coins, bars, and rounds ranging from 1 gram to 100 ounces and more - or gold certificates.Ī gold certificate is a piece of paper stating the specific amount of gold an investor owns that is stored elsewhere. Second, determine the form in which you would like to buy. There are several types of gold, ranging from scrap to bullion products. First, decide what kind of gold you are interested in buying.

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