Many people want to buy gold coins but tend to ignore the ease of selling them whenever they want. More focus is made on purchasing than gold’s liquidity which gives you the desired profit.
Hence, when you wish to purchase gold coins, you should focus on selecting coins that are in good condition. Do not purchase any gold coin based on the price or cost. The best type of gold coin would be the bullion coins that are more popular; these make safe investments. These include the international renowned Sovereigns, Eagles, Britannias, Maple Leafs and Krugerrands.
A novice or amateur investor should not indulge in numismatic gold coins or historical gold coins without proper research and experience. Although these types offer great potential for profit, they can also incur great losses for the amateur investor. Hence, proof coins are usually not the typical gold investor’s choice as these seldom return the full premium.
Modest investors may find it more fun to consider various types of bullion coins to include into their portfolio; Sovereign coins would be a good inclusion with their interesting background and beautiful designs.
UK investors who desire a bigger investment must include the tax factor as part of their investment capital. The nation’s Capital Gains tax has increased to 28% for tax payers in the higher rate category in UK. Hence, if your sale of gold coins bring you a profit that is more than your yearly limit (which currently is about £10,000), you will find yourself paying one third of the excess to taxation. This includes other assets which you might also sell during that year. Thus, whether gold, shares or investment property, you will be paying high taxes on your sales’ excess profit.
But, you can plan carefully with some sound consultation and assistance from some reputable gold dealer to avoid the extra taxes. There are tax free coins like the Sovereign and Britannia gold coins. These are free to UK residents only who take them as legal tender. Hence, they make the best choice of gold coin investment for UK investors; they are tax free gold coins.
Having said all that, everyone has different motives and reasons for buying and selling gold coins. The general rule of thumb in investing into gold coins is to understand the value of the preferred gold coin before you match that to your investment needs, motivations and budget. True knowledge will pay dividends to the wise gold investor.
Hence, when you wish to purchase gold coins, you should focus on selecting coins that are in good condition. Do not purchase any gold coin based on the price or cost. The best type of gold coin would be the bullion coins that are more popular; these make safe investments. These include the international renowned Sovereigns, Eagles, Britannias, Maple Leafs and Krugerrands.
A novice or amateur investor should not indulge in numismatic gold coins or historical gold coins without proper research and experience. Although these types offer great potential for profit, they can also incur great losses for the amateur investor. Hence, proof coins are usually not the typical gold investor’s choice as these seldom return the full premium.
Modest investors may find it more fun to consider various types of bullion coins to include into their portfolio; Sovereign coins would be a good inclusion with their interesting background and beautiful designs.
UK investors who desire a bigger investment must include the tax factor as part of their investment capital. The nation’s Capital Gains tax has increased to 28% for tax payers in the higher rate category in UK. Hence, if your sale of gold coins bring you a profit that is more than your yearly limit (which currently is about £10,000), you will find yourself paying one third of the excess to taxation. This includes other assets which you might also sell during that year. Thus, whether gold, shares or investment property, you will be paying high taxes on your sales’ excess profit.
But, you can plan carefully with some sound consultation and assistance from some reputable gold dealer to avoid the extra taxes. There are tax free coins like the Sovereign and Britannia gold coins. These are free to UK residents only who take them as legal tender. Hence, they make the best choice of gold coin investment for UK investors; they are tax free gold coins.
Having said all that, everyone has different motives and reasons for buying and selling gold coins. The general rule of thumb in investing into gold coins is to understand the value of the preferred gold coin before you match that to your investment needs, motivations and budget. True knowledge will pay dividends to the wise gold investor.
If you want to buy & sell UK Gold Sovereigns from a reputable gold dealer? Physical Gold offer clients to select the best value Sovereigns to buy, provide live Gold Sovereign prices. Learn how to Buy Sovereigns and also combined with other gold coins to form a balanced tax free investment.
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