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Advice on purchasing precious metals
The 1 troy ounce gold coins today are almost always minted in pure gold. These include the gold Maple Leaf, Kangaroo, Britannia, Philharmoniker and the Buffalo. Some other common gold coins are the Krugerrand and the Golden Eagle. These coins are struck in lower grade gold and for that reason the coins look different.
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Worldwide, the size of 1 troy ounce is the most widely used size in the gold market. 1 troy ounce is a designation of weight and this corresponds to 31.103 grams. There are several types of gold troy ounce coins known worldwide, and many different countries mint gold troy ounce coins through their official mints.
Read moreBuying 1 troy ounce gold coins
Gold coins of 1 troy ounce (31,103 grams) are the most common gold investment coins and therefore highly tradable worldwide. The oldest 1 troy ounce gold is the gold Krugerrand of the South African Mint. The Krugerrand coins along with the gold Maple Leaf (Canadian Royal Mint) are still very popular today.
In addition to investment coins, we also offer various 1 troy ounce gold collector coins. Well-known series are the Lunar and Kangaroo coins from Australia, but also the Big Five series of South African Mint is very popular. New (unique) collector coins are added regularly.
Gold coins as an investment
When you want to invest in gold, it is important to look for gold coins with the lowest possible premium and cost of production. As a result, you will receive more gold for your money in percentage terms. For example, fractional gold coins, like 1/2 troy ounce of 1/4 troy ounce, have proportionally higher production cost than the 1 troy ounce variety.
Gold coins weighing 1 troy ounce are also considered the standard internationally. The international gold price is indicated in 1 troy ounce, so there is no confusion about the amount of gold and the weight of the coin when it is sold.
New and pre-owned gold investment coins
Famous investment gold investment coins are the Krugerrand, Maple Leaf, Philharmoniker and Britannia. These coins are internationally well-known and can be traded without further analysis. We offer coins from the current year, as well as coins from previous years thar we purchase cheaper through private individuals.New gold coins and gold coins from previous years, also called pre-owned gold coins, have the same quality, value and purity. Because the purchase price of pre-owned gold coins is lower, it is an attractive investment for various types of investors, including start-up investors.
Sell your gold coins to us
All gold coins you buy from The Silver Mountain can be sold back to us. We call this our buy-back guarantee. We will buy back your 1 troy ounce coins at 100% of the goldprice at the moment you whish to sell.
Do you want to sell your gold coins? Visit the site of our partner Inkoop Edelmetaal (Dutch site). Here you will find our current bid prices which are updated every three minutes based on the current gold price.
Frequently asked questions about 1 troy ounce gold coins
What is a troy ounce?
A troy ounce is a unit of weight traditionally used for precious metals, such as gold and silver. One troy ounce is equal to 31.103 grams. The troy ounce is the standardized unit of weight, making it easy to compare the value of different amounts of gold and silver.
Almost all known investment coins worldwide are minted in 1 troy ounce or a fraction thereof. These smaller gold coins of 1/2 troy ounce, for example, are also called fractional coins.
Why is the price of gold also expressed in troy ounces?
The troy ounce has been the standard weight measure for precious metals, including gold, for centuries. This is because the troy system is a more accurate and consistent system than other weight measurement systems, such as the avoirdupois system we use for everyday use.
In addition, the troy ounce is an internationally recognized weight measure, which means it is used the same all over the world. This makes it easier to trade and price gold internationally. This is also why the gold price is also expressed in troy ounces, this way there can be no ambiguity when converting the gold price from grams to troy ounces, for example.
Which gold 1 troy ounce coin is best to buy?
It is not possible to name one gold coin as the best coin to buy. The final choice of coin depends on personal goals and wishes. Worldwide, however, there are a number of gold 1 troy ounce coins that are considered the best-known gold investment coins. These coins are popular and negotiable worldwide, sourced from recognized producers and minted in a high gold content of at least 99.9% pure gold.
The most popular gold coins are the Krugerrand from South Africa, the Maple Leaf from Canada, the American Eagle from the United States, the Philharmoniker from Austria and the Britannia from the United Kingdom. We sell newly minted coins from official distributors of the mint houses, as well as pre-owned gold coins that we purchase from individuals.
When do gold coins qualify as investment gold?
Gold coins fall under investment gold if they meet a number of conditions. For example, gold coins must be at least 90% pure, minted after 1800 and be or have been legal tender in the country of origin. Investment gold is therefore not subject to VAT upon purchase. However, gold is part of your assets and therefore your investment gold needs to be declared in Box 3.
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