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Bullion
Bullion is
uncoined gold, silver or platinum that may be in an imperfectly refined
(smelted) or refined state. In the refined phase, they are commonly found
as bars, wafers or ingots.
Bullion coins are minted by many countries. Most bullion coins are legal tender in their
country of issue and are usually coveted more for the intrinsic worth of
their respective metal content instead of their face value or rarity. The
value of these refined pieces are based upon current quotes in the
precious metals market.
In addition to their beauty,
investors highly regard bullion coins because bullion is:
The bullion
coin bears a face value that is largely symbolic; its true value depends
on its gold content and the day-to-day changing price for gold. In
practical terms, the market price of a 1 oz gold bullion coin is equal to
the market price of an ounce of gold plus a small premium of about 4-8% to
cover the cost of the minting and distribution.
Bullion coins are minted in affordable weights such as 1/20, 1/10, 1/4,
1/2, and one ounce (about 31 grams). The bullion coin represents an
investment in pure gold and, because it is legal tender, its authenticity
is guaranteed by the country of origin. Gold bullion coins can be easily
bought and sold virtually anywhere in the world. Prices for the most
popular one ounce coins are quoted daily in most newspapers around the
world.
Some of the most popular bullion coins are the American Eagle, the
Australian Kangaroo Nugget, the UK Britannia, the Canadian Maple Leaf, the
Austrian Philharmoniker, and the South African Krugerrand. They are all
featured in the photograph above.
Gold coins
are traded throughout the world on a daily basis as an integral part of
the international gold business, so they always have a ready market, and
the spread between the buying and selling price is usually quite small.
While
bullion coins are normally purchased for their intrinsic value, they are
also appreciated for their artistic appeal and beauty. Coins make
memorable and valuable gifts, are easy to store, easy to transport, and
anonymous.
The weight and purity of bullion coins are strictly regulated
ensuring that the required, precious metal content is fully present in
each coin.
Security Gold Exchange
Inc.
Call us today
(530) 272-1810
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