Gold Coins And Bullion

Bars rounds coins.

Gold coins and bullion.

The same thinking has it that round bits of gold coins are not really gold bullion. 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. A bullion coin is distinguished by an explicit statement of weight or mass and fineness on the coin. Finally gold bullion coins are often available in weights beyond simply 1 oz gold.

Ranging from 1 troy ounce to even 32 troy ounces gold bars are available in various sizes. 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. Basically this is a misunderstanding of what gold bullion is.

Gold bullion bars. 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. Gold bullion coin mints. It is common for gold bullion coins to have a face value issued by their sovereign country.

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. 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.