What would you like to do?
Precious metals in bulk form are known as bullion, and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins, of which the most famous is probably the gold South African Krugerrand. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, the United States mints a gold bullion coin (the Gold Eagle) at a face value of $50 containing 1 troy ounce (31.1035 g) of gold $ as of January 2006, this coin is worth about $550 as bullion. Bullion coins' minting by national governments gives them some numismatic value in addition to their bullion value, as well as certifying their purity. The level of purity varies from country to country, with some bullion coins of as pure as 99.99% available (the Canadian Gold Maple Leaf coin meets this standard). Note that a 100% pure bullion is not possible, as absolute purity in extracted and refined metals can only be asymptotically approached. One of the largest bullion coins in the world is a 10,000 dollar coin minted in Australia which consists of a full kilogram of 99.9% pure gold; however China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 260 troy ounces (8 kg) of gold. Gold as an investment and silver as an investment are often seen as a hedge against both inflation and economic downturn. Silver bullion coins have become popular with coin collectors due to their relative affordability, and unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value. Boiled Down Actual bullion value is the value of the actual amount of precious metal contained within a coin, round, bar, etc. at the current market price for that metal. Current market prices can be found at www.kitco.com
35 people found this useful
Was this answer useful?
Thanks for the feedback!
Right now a American Gold eagle is worth $990.60. and A Silver Eagle is worth $13.87.
"Bullion" is any metal deemed to be precious if it is rare. Precious metals in bulk form are known as bullion, and are traded on commodity markets. The defining attribute of b…ullion is that it is valued by its mass and purity, rather than by its face value as money.. Bullion metals include gold, silver, platinum, and palladium, and may be cast into ingots or minted into bars, rounds or coins.
The difference between an estimate and an actual number is the difference between ideals and observations. For instance, You may think the time is 10:57, but in reality the pr…obability of that is 0 due to the fact that time lies on a continuum. 10:57 is only an estimate; close enough for our purposes. The ideal: the actual time, is a theoretical ideal which we know must exist and be unique, but we can never know for certainty what it is.
The price of gold and silver bullion completely depends on the spot price and the mark up the dealer puts on the bullion. The best way to get an accurate estimate is to call o…r email the dealer. The company that I do all of my buying and selling is Dallas Gold & Silver Exchange. Their website is http://www.dgse.com. Hope this Helps!!
The Federal government does not provide that information so any values are speculative.
what is silica
Bullionism is a term from the 15th century. It is when all value of currency is placed on the actual gold or silver.
hey - think you'll find its around the platinum spot metal price / weight, if its pure.
As at March 2009 the US held 8,133.5 tonnes of gold.
I sent my gold buffalo to a place today called American Gold and Silver Exchange. They offered me $931.70. I accepted the offer. You should look at there website. h…ttp://www.americangoldandsilverexchange.com Hope this helped.
Retail prices for a Deep Cameo Proof are: $18.00-$22.00
Rare Numismatic Coins will rise faster in value because not only do they have their silver, platinum, gold, or copper content but there is a much smaller availability. This ca…uses an increase in value do to supply, demand and rarity. In Bullion you are dealing with a commodity that is always available and in a much larger supply.
Not much. copper is currently at $4.32 a pound, and there are about 14.4 troy ounces in a pound, which means your troy ounce is worth about 30 cents.
There are many different values of bullion coins with Elizabeth II on them from many different Commonwealth countries and they all have different values. Some of the more comm…on ones include the British Silver/Gold Britannia which have a picture of Britannia on the reverse of the coin and it is denominated in pound sterling. You might also have a British Sovereign, it is made out of gold and has a picture of St. George slaying the dragon on the reverse. Even though it has a face value of one pound sterling, it isn't denominated on the coin anywhere. You might also have a Canadian Gold/Silver/Platinum/Palladium Maple Leaf. These have maple leafs on the reverse, have a face value denominated in Canadian Dollars, and say how much precious metal is in them (for example, 1/20 troy ounces of gold). It is also possible you might have an Australian Gold Kangaroo, these have a kangaroo on the reverse, are denominated in Australian Dollars, and show how much gold is in them. These are just a few of the most common forms of bullion coins in the Commonwealth, please identify your coin, and post the year if you think it is worth more than spot price.
Bullion refers to a precious metal, most commonly gold and silver when dealing with coins, but there are many other precious metals that could be referred to as bullion. The b…ullion value of anything, such as a coin, is the value of the gold it is made from and has nothing to do with the coin itself. The bullion value of any precious metal will change on an hourly basis entirely on the whims of the market.
In US Coins
The current spot price of silver is $31.71 per ounce, that's the value of this coin.
The current value of a gold bullion in bar form varies depending on the weight of the gold in the bar. As an example one ounce is currently $1445 but 100 grams would be worth… $4603. The price of gold fluctuates greatly on a daily basis.