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The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold bullion bars and 90% for bullion coins. [2]
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver.They are kept as a store of value or an investment rather than used in day-to-day commerce.
Bullion coins may sell for a premium over the market price of the metal on the commodities exchanges. Reasons include their comparative small size and the costs associated with manufacture, storage and distribution. The amount of the premium varies depending on the coin's type and weight and the precious metal. The premium also is affected by ...
Is the $990,000 1920 Lincoln Wheat Penny Legit? 4 Rare Coin Red Flags. Vance Cariaga. ... JM Bullion puts its highest price at around $40 — which is exactly $989,960 less than the eBay list ...
The sizes of bullion coins range from 0.1 to 2 troy ounces (3.1 to 62.2 g), with the 1 troy ounce (31 g) size being most popular and readily available. [citation needed] The Krugerrand is the most widely held gold bullion coin, with 46 million troy
The London bullion market is a wholesale over-the-counter market for the trading of gold, silver, platinum and palladium. Trading is conducted amongst members of the London Bullion Market Association (LBMA), tightly overseen by the Bank of England. Most of the members are major international banks or bullion dealers and refiners.
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