Bullion coin
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A bullion coin (also known as a specie) is a coin struck from highly refined precious metal (bullion) 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. Unlike rounds, bullion coins are minted by government mints and have a legal tender face value. Bullion coins can have fineness ranging from 91.9% (22 karat) to 99.99% purity (24 karat).
For the
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
The American Eagle and Canadian Maple Leaf series are the only coins available in gold, silver, platinum, and palladium.[4][5]
Examples
Notable examples of Bullion coins include:
See also
References
- U.S. Federal Trade Commission. May 2011. Archived from the originalon 9 March 2016. Retrieved 9 April 2015.
- HMRC. 1 February 2012. Archivedfrom the original on 14 April 2015. Retrieved 9 April 2015.
- ^ Bouvier's Law Dictionary (Revised 6th ed.). 1856. Archived from the original on 23 September 2015. Retrieved 9 April 2015.
- ^ "American Eagle Bullion Coins for Investors". United States Mint. United States Mint. Archived from the original on 18 September 2015. Retrieved 17 February 2018.
- ^ "BULLION PRODUCTS". Royal Canadian Mint Website. Royal Canadian Mint. Archived from the original on 12 September 2015. Retrieved 9 April 2015.