This level of purity is called karat gold, though that term is most commonly used with jewelry. Although we know that gold is mined along with other precious metals such as platinum to be used in jewelry, electronics, and sustainable energy industries, coins remain one of the most popular forms and uses.
All these precious metals are available as bullion coins. Which brings us to our main question. Again, to quote the Glossary, a bullion coin is a coin struck in precious metal, now usually with an inscription giving its weight and fineness, whose value fluctuates according to the market price of the metal.
Some of the most popular bullion coins include ones minted in the U. It is worth noting that different bullion coins can have different metal content. For example, the American Buffalo is The Eagle still contains 1 Troy oz of gold, because it weighs Although bullion coins are not now meant for use as currency, they are issued by a sovereign nation, have a legal tender value and could theoretically be used for purchases.
While bullion coins can be seen to have a functional, transactional purpose, they are not immune to the tides of fashion. According to the American Numismatic Association ANA , numismatists study money in any of its forms, often focusing on certain areas of numismatics, such as coins, tokens, or paper currency.
For our purposes here, numismatics relates to coins. This often involves an interest in coins as currency, as part of human histories, cultures, and societies. Numismatic coins are essentially coins that are no longer in production, are in limited supply and, in the case of US coins, were minted before They were usually minted as bullion for use as currency and as a medium of exchange. Coin buyers also seek coins minted up to present day, especially limited or special editions, sets such as the U.
Then they became a special sample kept as an example of each mintage. Including intricately coloured, gilded and antiqued coins, modern numismatic releases demonstrate the highly skilled art of the coinsmith. As well as being beautifully finished, they are also typified by a tightly restricted mintage, numbered certificate of authenticity, and decorative packaging. Motivation to acquire such coins is often complex. For many it is the strong desire to own something rare and intrinsically valuable with an aesthetically pleasing design that reflects a personal interest.
Bullion coins can do this because they are valued on the basis of the weight of their precious metal. Our recently-released 1oz Silver Kangaroo is a classic example of a bullion coin. Like the large majority of our numismatic coins, it is issued as Australian legal tender - its guarantee of weight and purity. However, it is mass-produced in unrestricted numbers with a more basic finish, and comes without display packaging or a certificate.
These factors represent the key to its attraction for investors. In short, it represents a cost-effective, trustworthy, and easily tradeable method of gaining exposure to the silver price. And with progressive reductions in the premium when buying these coins in quantities of 25, , or coins, the ability to invest in silver becomes even more affordable!
With more than 10 million sold worldwide in less than 12 months, investors have taken a shine to the Australian Kangaroo 1oz silver bullion coin. The Perth Mint is probably guilty of inspiring its origin when, back in , it introduced the Australian Nugget gold coin featuring a far superior bullion finish to anything else available at the time.
Yet with annual design changes and, in some cases, a limited mintage, they are also favoured by collectors. Thanks to their innovative combination of quality and value, these outstanding coins have occasionally provided canny investors with bonus returns. But thanks to strong collector demand for some of our semi-numismatic releases, secondary market values have been known to exceed the prevailing price of their metal.
On the other hand, if your major desire is to have a safe haven of assets to hedge your bets against an unstable economy, or the ability to roll over your gold investments into a precious metals IRA, you may want to focus on bullion.
Bullion can be rolled over into a gold IRA and can also be sold at any time, instead of requiring the long-term investment that numismatics do.
You can always invest in both, keeping bullion handy to turn over depending on what the market dictates, while numismatic coins appreciate in value in the background. Whether you need bullion or numismatic, explore our selection of both gold and silver coins and bars to shore up your precious metals portfolio for now and the future. Our experts are on standby to answer your questions and help you make the right investment for your needs! What Is the Difference Between Bullion vs.
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