Greatest Bullion in the World
Greatest Bullion in the World
Dear metals sold in bulk form are called bullion coins for sale. Bullion is typically in either ingot or coin form, with ingots the more preferred choice as financial fallback options. The nature of bullion demands a high purity of the metal concerned, and 99.99% is the common purity worth, though 99.999% or higher is not unknown; the bigger the purity, the higher the purity, the higher the price. While bullion gold ingots are usually traded one troy-ounce units, bullion gold coins are minted in numerous sizes and weights.
These coins are typically stamped with a face price, which is frequently way lower than the actual value of the coin as bullion and collector’s item. The price of a bullion gold coin is relatively higher than bullion gold bars, thanks to the associated numismatic price. So the parts that make up the price of a bullion gold coin are: the current price of the gold used in minting the coin, the price added as a specially-minted coin, and the collector’s premium — depending on how rare it is and how fashionable it is among collectors. Auctions for bullion gold coins can drive the price far above the mint costs, since collectors can be a competitive lot.
Bullion coins are produced by several nations around the planet. Examples of these are South Africa’s Krugerrand, Canada’s Maple Leaf, Australia’s Nugget, Britannia from the United Kingdom, and Yankee Gold Eagle by the USA. As an example of how far the face price of a bullion coin is different from its real price, take the Yank Gold Eagle. A one troy-ounce Yank Gold Eagle is given a face price of fifty US bucks ; while the bullion gold used alone costs just about 9 hundred US dollars! After adding the minting premium, it comes out at roughly Dollars 950 — a stunning 900% increase of its face value!
An interesting fact: in 2007, the Royal Canadian Mint produced a 99.999% pure gold (also known as 5 9s gold ) coin weighing a shocking one hundred kilograms, with a face price of 1,000,000 Canadian greenbacks. It was originally done as a PR stunt, but some collectors wanted to have their own. Now, the Royal Canadian mint makes these monster coins to order. It is fifty centimeters in diameter and a whopping 3 centimeters in thickness.
Bullion coins are also available in silver, platinum, vanadium, and some other precious metals, depending on the mint that produces them. These coins are beautiful and valuable. What’s more, they do not lose value as currency does, so they make good nest eggs for those “just in case” situations.
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1959 Standard Catalgue of Canadian & Newfoundland Coins & Tokens and Fractional Currency
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