Small Bullion Coins

As far as gold working as money, the smaller gold bullion coins are the ones that would do best. The small gold bullion coins include the ½, ¼, and 1/10 ounce. A number of countries that mint gold also produce coins that have ¼ ounce size, such as in the United States, Canada and Austria. The convenient thing about small gold bullion coins is that they are big enough to pass as currency from the person that is buying to the person that is selling. Smaller bullion coins have the advantage of being accumulated without having to worry about losing a few, this would not be the same though in the case of a 1 ounce coin though, since the cost of making a coins is approximately the same regardless of the size. When a coin has more gold in it, the premium per weight is smaller since the cost of making the coin is paid back over a larger amount of gold.

If you are an investor that would like to have gold bullion coins but are worried about confiscation, you could consider getting the pre 1933 European gold coins as a means of exchange. These coins have around 1/5 to ¼ ounces of gold in them and when they are purchased it is not required to report them and they are safer to have in case of potential confiscation by the government.