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What’s With All of the New Gold Coin Designs?

February 10, 2014 –

A slew of new gold coin designs have recently been announced by national and private mints, with new designs coming from the likes of the Royal Canadian Mint, the Perth Mint of Australia and possibly even a private gold dealer.

Canada announced an extremely limited mintage of the 2014 Snowy Owl gold and silver coins, of which only 10 gold coins will be minted. The number of silver Snowy Owl coins that will be minted will be capped at 500, according to a spokesman from the Royal Canadian Mint.

Australia’s Perth Mint will release up to 1,000 Charlie Chaplin commemorative proof coins in honor of the 125 years that have passed since his birthday as well as the 100 years that have passed since he found his calling in the comedy genre.

There is even a gold dealer who announced that it will hold a gold coin design contest, which means that we could soon see a coin bearing the likeness of anyone from President Obama to Paris Hilton. As a side note, that same company floated the idea of minting a Kim Kardashian/Kris Humphries coin a couple of years ago, but the marriage ended before any coins could be minted.

Why all the new designs? Why such limited mintages? The answer is simple: buyers are waiting. Despite gold’s 24% fall last year gold coin investors are still flocking to the yellow metal in hopes that prices will rebound in response to the Federal Reserve’s recent and upcoming tapering measures.

Additionally, gold coin collectors understand that although many commemorative gold coins fall flat with the public, other coins have become extremely popular due to their exceeding rareness. What will happen with this latest round of new gold coins? Only time will tell. Collectors may be willing to take the risk, because at least the coins will always carry the value of gold. If you’re an investor, however, you may be better off sticking with tried-and-true gold coins like Double Eagles and Canadian Maple Leaf coins.

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