Bullion means any kind of precious metals that are found in bulk. They are generally traded in good markets. Bullion metals are generally minted into coins and are also cast into ingots. The minting of the bullion coins is very famous across the globe; the most well known gold bullion is the South African Krugerrand.
The coins' face value as legal tender is far lower that of their worth as bullion. For Example, a gold bullion coin minted by the Untied States is known as the Gold Eagle, which has a face value of $50 containing 1 troy ounce (31.1035 g) of gold. In January 2006, this coin held a value of $550 as bullion. In case of the bullion the purity also holds a lot of value. The Canadian Gold Maple Leaf holds a purity level of 99.99 percentages. The largest bullion coin in the world is the 10,000 dollar Australian Gold Nugget, which is minted in Australia. It is a full kilogram and is a 99.9 per cent pure gold.
The coins' face value as legal tender is far lower that of their worth as bullion. For Example, a gold bullion coin minted by the Untied States is known as the Gold Eagle, which has a face value of $50 containing 1 troy ounce (31.1035 g) of gold. In January 2006, this coin held a value of $550 as bullion. In case of the bullion the purity also holds a lot of value. The Canadian Gold Maple Leaf holds a purity level of 99.99 percentages. The largest bullion coin in the world is the 10,000 dollar Australian Gold Nugget, which is minted in Australia. It is a full kilogram and is a 99.9 per cent pure gold.
