European gold coins provide a number of advantages to the investor. They offer a combination of scarcity with international recognition. In fact, many of the coins struck in Switzerland, the UK, France and Germany are considered safe havens. Here are some things you should know before you get started adding them to your collection.

What Makes European Coins Different?

One factor is the history. European coins have been struck for over a thousand years, dating back to the time of the Romans and Greeks. Compare this to coins struck in North or South America, which have been in production for perhaps a few centuries or so. Although Asia has also minted coins, it has not been done to the same extent as in Europe nor have their coins been as widely circulated. Many of the oldest mints in the world are in Europe.

Additionally, many European countries have used gold as legal tender at various points throughout their history. The British Gold Sovereign was used as currency in Britain starting in 1816 up to the 1930s, and as a consequence many experts today consider it to be one of the most significant coins of the modern era. The supply for European coins tends to be limited, while they also have an intrinsic value. Additionally, European coins tend to be both certified and graded, which makes them easy to value and trade.

Where Should You Buy European Coins?

Companies such as Coin Exchange NY are one of the best places to acquire European coins, especially if you happen to be in the New York metropolitan area. Some of the most popular European coins to consider for your collection include the Austrian Philharmonic, Swiss Franc or German Mark. The internet has made it more convenient than ever to find coins struck in Europe, both ancient and modern, but it is important to exercise caution.

Purchasing coins online should always be done with a reputable dealer, preferably one that is listed in the Better Business Bureau. There are many con artists operating over the web that appear to sell genuine coins but which are actually not. However, the internet has become the ultimate research tool for those who are looking to learn about the various coins which have been minted in Europe throughout the ages and the facts surrounding them.

Finally, European coins come in various weights, which generally range from 1/10 oz to 1 troy ounce. This is beneficial to enthusiasts because it means those who are just starting out with limited funds can acquire gold in small weights, while those with larger budgets who want to store gold in heavier weights will find these products to be readily available. Europe is also one of the few regions in the world where it is still possible to purchase gold bars directly over the counter at banks.