Ads
related to: what is bullion coins mean
Search results
Results From The WOW.Com Content Network
A bullion coin (also known as a specie) is a coin struck from highly refined precious metal and kept as a store of value or an investment rather than used in day-to-day commerce. [1] A bullion coin is distinguished by its weight (or mass) and fineness on the coin.
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]
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The current market value of the raw precious metal content of a coin. For example, the bullion value for Canadian silver coins minted between 1920 and 1966 is 12 times the face value when silver is $20.00 per troy ounce. business strike A coin intended for everyday use in commerce.
The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser's design for the Indian Head nickel (Type 1), issued in early 1913. After a raised mound of dirt below the animal on the reverse was reduced, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938, except for 1922, 1932, and 1933 when no nickels were struck.
When it's late at night, a talented TV salesperson can make even the most cautious viewers believe that the sun might not rise in the morning if they don't buy that set of Bowie knives, wildlife...
Ad
related to: what is bullion coins mean