Why do you recommend foreign gold coins like Krugerrands, Austrian 100 Coronas, or Mexican 50 Pesos instead of US American Eagles?
A. These gold coins are minted by foreign governments, are common in the U.S. market, and usually trade at a lower premium than gold American Eagles. Because of this lower premium, they cost less per ounce and therefore give more gold for the money. The Krugerrand is a 22 karat gold coin minted by the South African government that contains exactly one troy ounce fine (pure) gold. The U.S. gold American Eagle is patterned after this coin and is minted to the exact same weight and fineness specifications. The Austrian 100 Corona is a 21.6 karat (90% pure) gold coin minted by the Austrian government and contains exactly 0.9802 troy ounce fine gold. Most of these coins on the market are official re-strikes based on historical designs. The Mexican 50 Peso is a 21.6 karat gold coin minted by the Mexican government and contains exactly 1.2057 troy ounce of fine gold. Most of these coins on the market are also official re-strikes based on historical designs.
