Gold Coins And Bullion

Bars rounds coins.

Gold coins and bullion.

This is because the weight and composition of coins intended for legal tender is specified in the coinage laws of the issuing nation and therefore there. Finally gold bullion coins are often available in weights beyond simply 1 oz gold. A flat bar struck using 999 usually pure gold is known as a gold bullion bar. Gold coins can be struck with a variety of purity levels from the 9167 fineness of the gold eagle to the 9999 fine gold maple and some coins even have the 99999 fine gold designation.

A bullion coin is distinguished by an explicit statement of weight or mass and fineness on the coin. The american gold eagle features fractional weights of 1 2 1 4 and 1 10 oz while the chinese gold panda is offered in 1 gram 3 gram 8 gram and 15 gram weights in addition to its standard 30 gram coins. However 1 gram 1 oz 100 gram and kilo size remain the most common weights available in the bullion market. The bullion and proof coins include 1 oz 1 2 oz 1 4 oz and 1 10 oz coins while the burnished coin has just a 1 oz.

The american gold eagle coin is the official gold bullion coin from the united states and the coins debuted in 1986. Each gold eagle features 22 karat gold for both bullion proof and burnished coins. A bullion coin is a coin struck from precious metal and kept as a store of value or an investment rather than used in day to day commerce. The same thinking has it that round bits of gold coins are not really gold bullion.

Basically this is a misunderstanding of what gold bullion is. The common perception is that rectangular bits of gold bars are the most cost effective and perhaps the only available form of gold bullion. Gold bullion bars.