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What is “bullion”?

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What is “bullion”?

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Bullion is the general term used for refined bars of gold and silver. More recently it has also been expanded to include gold and silver coins. Bullion coins are distinct from numismatic coins. While numismatic coins are valued for their metal content, date and rarity, the value of a bullion coin rests solely on its metal content. Bullion coins are of legal tender, produced by government mints (therefore backed and guaranteed by the issuing government) and sold at a low premium to appeal to the average investor.

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• Gold and silver bullion comes in coins, bars, and or rounds. Bullion value is derived from the metal content, not rarity or collectible value.

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