Gold bullion coins are made from precious metals called bullion and minted into coins. These coins are traded on the commodity market and usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz sizes.
That date translates to 1986 (remember your Roman numerals??) so you have one of the bullion coins that the Mint has been selling for the last 20+ years. Assuming your coin is still in its original Mint holder it's worth about $210 at current (01/2009) gold prices.
Chances are, you have a 1947 Swiss 20 Francs coin. These coins are common and worth scrap gold. They contain 0.1867 of a troy ounce of gold and are 90% pure. And worth about $300 in gold melt at the time of writing.
The first nation to produce metal coins was Lydia, an ancient kingdom located in what is now western Turkey. This innovation occurred around 600 BCE, with the Lydians creating coins made of electrum, a natural alloy of gold and silver. These early coins facilitated trade and commerce, marking a significant advancement in economic systems. The practice of minting coins soon spread to other cultures, influencing economies throughout the ancient world.
It was a tradition dating back to greek times, in those days they believed that when you died you had to pay the ferry man on the river styx to cross, if you didn't have two bits of gold you were doomed to never enter the afterlife. when someone died on land gold coins were placed on their eyes before the funeral pyre was lit, but sailors at sea ran the risk of the boat sinking or falling off and drowning, so there would be no way for two coins to be placed with them after death. eventually someone got the idea to wear two gold earrings, so that they could use that gold to pay the ferry man. even tho that religious belief no longer continues sailors tend to be the most superstitious of any profession, as their lives are always at risk. breaking tradition is just asking for bad luck to come looking for you, so still sailors get earrings because its tradition.
The only coins to carry the word "Peace" were silver dollars issued from 1921 to 1935. $10 gold pieces from 1914 carry an Indian head design. If you have such a coin, its value would range from perhaps $500 to $600 depending on its condition and the market price of gold.
Gold bullion consists of gold bars and coins that may be bought or sold in bulk. Rich gold bullion are specific rare gold coins.
Gold bullion coins are made from precious metals called bullion and minted into coins. These coins are traded on the commodity market and usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz sizes.
Bullion is the physical form of gold and silver held as bars, ingots, or coins.
There are several websites where an individual can purchase bullion gold coins. Examples would include Gold Line, US Gold Bureau, Golden Eagle Coin, and Monex.
What is referred to as a bullion coin would be common gold or silver coins created by the US, Canada, China, etc. Gold coins are usually .999 gold. Many are fractions of an oz in weight. The weight is also the melt value. Collector coins are valued seperately. Bullion coins must be verified before selling or melting as they may have nusmatic value. Coins are always backed by a government. Rounds are not.
yes they sell coins and bullion bars
The going price for bullion coins will vary depending on several different factors, such as the type of coin it is; gold or silver. Today, April 15, 2013, the closing price for a one ounce US Gold Eagle gold bullion coin is $1,421.28.
A bullion dealer is a business that buys or sells bullion, which is physical gold and silver that's often kept in the form of bars, coins, or ingots.
PMBull dot com is a great site to visit for information and tips on buying silver bullion online. From their site, they have links to other sites with particular types of bullion, whether it is coins or bars.
You can purchase certified gold coins online from the SIlverTowne website. You can also purchase certified gold coins online from the JM Bullion website.
Some believe the current record-breaking prices of gold are an indication of the weakness of the United States dollar. Additionally, the uncertainty about traditional investments is driving many around the world to add gold bullion to their investment portfolios as a safety measure. After all, gold has been the standard of wealth for thousands of years. Gold bullion can be purchased in the form of modern bullion coins, bars, and common world coins not of collector value. Many investors prefer having actual, physical gold rather than mere investments on paper, and coins are the most popular bullion form. One of the most sought after gold bullion coins is the American Gold Eagle coin, one of the two gold bullion coins backed by the United States government for their purity. The coins are minted in durable 22-karat gold that has a small amount of alloy creating a coin that is more resistant to scratching and marring. The coins come in four weights, 1/10th, 1/4th, 1/2, and one full ounce. Another United States gold bullion coin is the American Gold Buffalo. This coin is the first coin by the US Mint that is produced in 99.99% pure gold. Authorized in 2005, this 24-karat, pure gold coin comes in the same weights as the American Gold Eagle. The design is the same as the old buffalo nickel, with a profile of an Indian on one side and the buffalo on the other. Canadian Maple Leaf gold coins were the first 99.99% pure gold bullion coins minted and have been one of the most popular with gold investors due to their purity. Another coin, long considered a superior bullion investment, is the South African gold Krugerrand, bought by American investors since 1975. Several gold bullion coins have collector value in addition to their gold value as their design changes from year to year. Both the Australian lunar series and the Chinese gold panda coins have collector value in addition to bullion value. The Chinese panda comes in a 1/20th ounce size in addition to the other standard gold coin weights.
Usually when people refer to gold they are talkinag about scrap gold like jewelry. When people speak about gold bullion they are reffering to government minted coins or bars. Check out the website I get all of my information from http://www.dgse.com Hope this helped