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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.
Costco recently started selling silver coins for the first time, finance chief Richard Galanti told CNN. The company is selling 25-count tubes of 1 oz. Canada Maple Leaf Silver Coins online for $675.
This list of bullion dealers includes notable companies and organizations that deal in precious metals, such as gold and silver. This list is incomplete ; you can help by adding missing items . ( September 2014 )
A new coining press from Germany, the Grabener 1000 press, was installed on March 1, 2010, at the Philadelphia Mint for use in producing the America the Beautiful Silver Bullion Coins. The press provides up to 1,000 metric tons (1,100 short tons ) of pressure for each strike and can produce in excess of 1 million coins per year.
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
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]
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