Gold Bullion Daily Deals

Gold Proof American Buffalo, 2007w In Mint Box W Coa

Pure Gold Bullion 1 Troy Ounce Proof US Coin w/COA More details on this Gold Proof American Buffalo, 2007w In Mint Box W Coa Description This is the cornerstone gold US coin, essential for a coin, bullion or art collector.1 TROY OUNCE 24K GOLD It is the first US coin ever struck in 99.99% gold. Presented in proof condition, double stamped for maximum... [More Details]

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Gold Bullion

Bullion defined as... the pure form of a precious metal such as gold, silver, copper, or platinum, from which coin metal alloys are made. The American Gold Eagle is not really pure bullion; it is an alloy of 91.67% gold, 3% silver, and 5.33% copper, although the total amount of gold content weighs out to a solid ounce. The American Silver Eagle and the American Gold Buffalo are both considered to be true bullion coins, since their alloy is at least 99.9% pure.

The value of bullion is affected by three factors: metal, weight and purity. The metal the bullion consists of is obviously important in determining its overall value: gold is worth more than silver, while platinum is worth more than gold. The weight of bullion is usually measured in troy ounces, where one troy ounce is equal to approximately 31g. Purity also varies widely in bullion, though many countries release coins with 99.99% purity, which is as close as one can practically get to pure.American coinage made of bullion are not intended for general circulation; they are made for the purpose of investing in precious metals.

The average minting of a bullion coinage is less than 10,000, one of the reasons they are so popular with collectors. Extremely limited presses are also relatively frequent, with countries sometimes releasing as few as 20 to 50 of a certain bullion coin. Silver coins, particularly, are popular with collectors; because of the relatively low worth of their metal, they are cheaper in general. For this reason, silver bullion coinage, more than gold or platinum, are often valued substantially above the market value of silver.

At this point, most major countries offer at least one type of bullion coinage. Usually these coins will have one main symbol they use each year, though some nations choose to keep the same theme but alter the image yearly.