That’s the message that many coin collectors need to heed when shopping for gold coins.
While the United States Mint and many other mints around the world — both public and private — strike solid gold coins (like the American Gold Eagle, the Canadian Maple Leaf, and the South African Krugerrand), there are several offers for ‘gold’ coins that really are only gold-plated.
When shopping for gold coins, make sure you’re buying ‘solid’ gold and not ‘gold-plated’ coins.
Also, beware the words 24K or 24K gold plating. 24K looks high and mighty on paper, but in the end if it’s only gold plating, then you still aren’t really buying a solid gold coin.
By the way, gold-plated coins have only a very tiny fraction of the value of a real gold coin.
I’m a roller coaster junkie, a weather enthusiast, a frequent traveler, and a numismatist. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG). I’ve also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, food, and living green… on a budget.