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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.
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.
Bullion coins are contemporary precious metal coins minted by official agencies for investment purposes. Some bullion coins have been used as currency throughout the 20th century, such as the Maria Theresa thaler and the Krugerrand. Modern bullion coins generally do not enter common circulation despite having legal tender status and nominal ...
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 Illinois Centennial half dollar is a commemorative 50-cent piece struck by the United States Bureau of the Mint in 1918. The obverse, depicting Abraham Lincoln, was designed by Chief Engraver George T. Morgan; the reverse, based on the Seal of Illinois, was by his assistant and successor, John R. Sinnock.
In addition, the Red Book lists commemorative coins, mint sets and proof sets, and bullion coins, as well as significant U.S. pattern coins, private and territorial gold, Hard-times tokens and Civil War tokens. Also listed are Confederate issues, Hawaiian tokens and coins, Philippine issues and Alaskan tokens.
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These coins were also very well known in the Persian and Sassanids era, most notably, in Susa and in Ctesiphon. Precious metals were used historically in commodity money and are found in bullion coins and some collectable coins. Coins functioning as fiat money are now made from a larger variety of base metals.
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