Recognised coins and mints

[Roy]

Here's a turn up for the books.

I was attending a post-reception after party and got chatting with a counterpart from Indonesia.

After the usual guff one expects, the topic of conversation moved to precious metals. It transpired that we both had an interest in gold.

And we were both quite clueless 

He was adamant that the only gold to hold was Krugerrands. The most recognized around the world, he quoted.

I agreed, but also put forward the case that Sovereigns and Brits were the most applicable to me. We further explored the merits of Eagles to Yanks, Pandas to the Chinese, Maples to Canadians etc etc.

Neither of us had ever sold gold when abroad. 

Any comments or experience of this? Which coin/mint do you feel is the most recognised?

[Markh]

Ask the people of Greece what they now hold after the **** storm with EU debt malarkey. I believe the Sovereign is held in hi regard over there.

 

[Roy]

Yep. Greece and the Sovereign are long term friends

(lol just realised the humour in that statement )

[Pete]

I think James Bond keeps sovereigns in the soles of his shoes to get out of tight spots

[Roy]

And cleverly concealed in his briefcase 

[HawkHybrid]

it is claimed that 50% or more of all the mined gold in the

world comes from south africa. my guess is that in coin

form most will have been minted into krugerrands and

sovereigns. modern gold coins minted each year don't have

the numbers in the tens of millions that sovereigns had in

the early 1900's. then there is recycling of used coins to take

into consideration. my experience of hgm's inventory is that

the most traded gold coins are those produced by the country

and kruggerrands.

 

HH

[Roy]

I must concur

[Martlet]

When my Dad mentioned pub talk about buying gold, the brand noted was Krugerrands.  When I suggested Sovereigns he recognised them, but i went onto mention Britannia it seemed like this was getting a bit beardy.  

[Cacc]

Being Canadian, love my Canadian Maple Leafs.

This will purely be my ignorance on the issue, but even though Krugerrands have been around the longest does it not hurt them that they are only 9167 rather than 9999 or 999? That makes them stronger and more scratch resistant and there is 1oz of gold no matter what the percentage of other alloys, but is something more pure not more desirable?

[Roy]

I think you'll find sovereigns have been around a little longer than the krugerrand 

AmEa and early brits are .916 too.

But you make a valid point nonetheless, and I think it's down to personal preference.

I prefer 22ct coins myself but I can appreciate that others think differently.