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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 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.
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 ...
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.
Bullion coins or investment coins are coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment with no (or little) value beyond that of their precious metal content.
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects.. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods.
The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public. The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of US ...
Gold coins for sale at the Dubai Gold Souk. A gold coin is a coin that is made mostly or entirely of gold.Most gold coins minted since 1800 are 90–92% gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo.
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