- 01 Jun 2022
- Bonds
- Precious Metals
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Gold coins offer an excellent investment opportunity. As a highly-sought after precious metal that has shown to retain its value over the years, diversifying your portfolio with gold coins is seen by many as a smart choice. One gold coin you may be looking at is the Gold Sceptre Guinea.
Today, we're going to take an in-depth look at this gold coin. We'll share more information about its design, value, eligibility to be held in an IRA, and more. Keep reading to find whether you'd like to add the Gold Sceptre Guinea to your portfolio.
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Gold Sceptre Guinea at a Glance
About the Gold Sceptre Guinea
For hundreds of years, the East India Company has been facilitating trade between the countries of France, Ireland, Scotland, and Great Britain. The gold Sceptre Guinea coin was designed to celebrate this rich history of trade between the four nations. The East India Company designed the coin, and it is legal tender in the country of St. Helena.
This ¼-ounce gold coin has a face value of £25. It is nearly pure gold, with a 99.99% purity rating.
Gold Sceptre Guinea Design
The design of this gold coin is quite impressive. Continue reading to learn more about the intricate details included on the obverse and reverse designs of the coin.
Obverse
A stunning portrait of Queen Elizabeth II graces the obverse of this coin. Raphael Maklouf created the portrait for the Royal Mint of London in 1985. In Maklouf's portrait, the Queen if looking to the right wearing the Royal Diadem, the crown she traditionally wears when going to the State Opening of Parliament. A necklace is around the Queen's neck and earrings are hanging from her ears.
Surrounding the image of the Queen is a round border that reads: "£25," "St. Helena," "Queen Elizabeth II," "2020," and "East India Company."
Reverse
The reverse of this coin is really something to behold. It is designed to represent each of the four countries—Britain, France, Scotland, and Ireland—that experienced so much success with trading thanks to the East India company. In the design, each country is represented by a shield (The Three Lions of England, the fleur de lis of France, the Harp of Ireland, and the House of Hanover's coat of arms).
These four shields are arranged in a cross design. Between each of the shields, in an X-design, four sceptres are shown coming out from a small elephant at the center of the shields. "1/4 ounce," "Guinea," and "999.9 Gold" are written around the circular border that surrounds the shield design.
Gold Sceptre Guinea Value
The Gold Sceptre Guinea's face value is £25 in Saint Helena. However, the actual value of this coin is significantly higher. Even just a quarter of the spot price of gold (based on 1 ounce) is much more than £25. In addition to the value of the metal alone, the unique design on the coin may increase its value depending on supply and demand.
If you've been keeping an eye on the spot price of gold, then you likely already know that it can fluctuate from one day to the next. Due to these fluctuations, we can't enter a specific value for this coin in this article, because if we did, it would likely be incorrect after just a few days.
Your precious metals dealer can help you find the up-to-date price for the Gold Sceptre Guinea if you think you'd like to add it to your portfolio.
Adding Gold Sceptre Guineas to a Precious Metals IRA
Are you familiar with Precious Metals IRAs? Also referred to as Gold IRAs, Precious Metals IRAs allow investors to add physical precious metals, such as gold and silver, to a retirement account. Rather than solely holding the traditional stocks and bonds, you can diversify your portfolio to protect yourself against market volatility.
So, can you add the Gold Sceptre Guinea to a retirement account? Yes! This is an IRA-eligible coin. With its 99.99% purity level, it exceeds the 99.9% minimum set by the IRS.
If you don't already have a Precious Metals IRA set up, work with your preferred precious metals provider. They'll connect you with an IRA custodian who may even be able to help you rollover funds from an existing retirement account to fund your new Gold IRA. Then, you can add Gold Sceptre Guineas and any other approved precious metals bars and coins to your account.
Investing in Gold Sceptre Guineas
Now that you've learned more about the Gold Sceptre Guinea, do you think it is the right coin for your portfolio? Would you like to add it to a Gold IRA? Think about everything we shared above and compare this coin to others you may be looking at to make a final decision. Then, reach out to your favorite precious metals provider when you're ready to make a purchase or add bullion to a Gold IRA.
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