For the benefit of novice, and experienced gold investors, the ascending order of gold bullion prices follows as such: 24-karat Bullion bars, 22-karat bullion coins, 24-karat bullion coins, 22-karat proof coins, and 24-karat, ultra-high proof coins.

Both novices, and experienced precious metals investors alike, are hereby reminded that both 22, and 24-karat bullion coins each contain a full troy-ounce of pure gold, but that the 24-karat purity of coins like American Buffalos, or Canadian Maple Leafs, carry higher premiums that 22-karat American Eagles, or South African Krugerrands. Since bullion is completely devoid of numismatic value, its’ prices generally hover slightly above the current gold spot price, which represents the cost of one troy-ounce of pure gold.

Any investor, who is considering using gold bullion prices to start a gold-backed IRA, should know that American Eagles are the only 22-karat bullion that is government-approved for such usage, along with 24-karat bullion bars and coins. (Rare coins are also disallowed for precious metal IRAs).

Premiums for proof coins escalates a bit, as they require a special minting process, which produces a nearly impossible-looking effect, where the coin’s designs seem to float just above a mirror-like background, or “field”. 24-karat ultra-high proofs are even more stunning, and thus command even slightly higher premiums.

Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on these, and many other items to household investors like you.

Shawn Cunningham