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{{Short description|Type of coin struck from precious metal}}
{{numismatics}}
{{Numismatics}}
A '''bullion coin''' is a ] struck from refined ] (]) and kept as a ] or an investment rather than used in day-to-day commerce.<ref name=FtcBullionPage>{{cite web|title=Investing in Bullion and Bullion Coins|url=https://www.consumer.ftc.gov/articles/0135-investing-bullion-and-bullion-coins|website=Consumer Information - US FTC|publisher=]|access-date=9 April 2015|date=May 2011}}</ref> A bullion coin is distinguished by an explicit statement of weight (or mass) and fineness on the coin; this is because the weight and composition of coins intended for legal tender is specified in the coinage laws of the issuing nation, and therefore there is no need for an explicit statement on the coins themselves. The ] defines investment coins more specifically as coins that have been minted after 1800, have a purity of not less than 900 ] and are, or have been, ] in their country of origin.<ref name=Inv>{{cite web|title=VAT Notice 701/21A: investment gold coins|url=https://www.gov.uk/government/publications/vat-notice-70121a-investment-gold-coins/vat-notice-70121a-investment-gold-coins#investment-gold-coins|website=Gov.UK HMRC pages|publisher=]|access-date=9 April 2015|date=1 February 2012}}</ref> Under ] law, "coins" that fail the last of these requirements are not coins at all,<ref name=CoinDefinition>{{cite book|title=Bouvier's Law Dictionary|date=1856|edition=Revised 6th|url=http://www.dict.org/bin/Dict?Form=Dict2&Database=bouvier&Query=COIN|access-date=9 April 2015}}</ref> and must be advertised as "rounds" instead. The ] and ] series are the only coins available in ], ], ], and ].<ref name=AmericanEagleCoins>{{cite web|title=American Eagle Bullion Coins for Investors|url=http://www.usmint.gov/mint_programs/american_eagles/?action=american_eagle_bullion|website=United States Mint|publisher=]|access-date=17 February 2018}}</ref><ref name=CanadianBullionProducts>{{cite web|title=BULLION PRODUCTS|url=http://www.mint.ca/store/mint/about-the-mint/products-7400002|website=Royal Canadian Mint Website|publisher=]|access-date=9 April 2015}}</ref>


A '''bullion coin''' (also known as a '''specie''') is a ] struck from highly refined ] (]) and kept as a ] or an investment rather than used in day-to-day commerce.<ref name=FtcBullionPage>{{cite web |title=Investing in Bullion and Bullion Coins |url=https://www.consumer.ftc.gov/articles/0135-investing-bullion-and-bullion-coins |department=Consumer Information |publisher=] |access-date=9 April 2015|date=May 2011 | url-status=dead |archive-url=https://web.archive.org/web/20160309043706/https://www.consumer.ftc.gov/articles/0135-investing-bullion-and-bullion-coins |archive-date=9 March 2016}}</ref> A bullion coin is distinguished by its weight (or mass) and ] on the coin. Unlike rounds, bullion coins are minted by government mints and have a ] face value. Bullion coins can have fineness ranging from 91.9% (22 karat) to 99.99% purity (24 karat).
Bullion coins are typically available in various weights. These are usually multiples or fractions of 1 ], but some bullion coins are produced in very limited quantities in ] or heavier.<ref>{{Cite web|url=http://www.lpm.hk|title=Lucius Precious Metals {{!}} Buy Gold, Silver, Bullion & Coins|website=www.lpm.hk|language=en|access-date=2017-10-14}}</ref>


For the ] exemption purposes the ] defines ] more specifically as coins that have been minted after 1800, have a purity of not less than 900 ] and are, or have been, ] in their country of origin.<ref name=Inv>{{cite web|title=VAT Notice 701/21A: investment gold coins|url=https://www.gov.uk/government/publications/vat-notice-70121a-investment-gold-coins/vat-notice-70121a-investment-gold-coins#investment-gold-coins|website=Gov.UK HMRC pages|publisher=]|access-date=9 April 2015|date=1 February 2012|archive-date=14 April 2015|archive-url=https://web.archive.org/web/20150414231646/https://www.gov.uk/government/publications/vat-notice-70121a-investment-gold-coins/vat-notice-70121a-investment-gold-coins#investment-gold-coins|url-status=live}}</ref> Under ] law, "coins" that fail the last of these requirements are not coins at all,<ref name=CoinDefinition>{{cite book|title=Bouvier's Law Dictionary|date=1856|edition=Revised 6th|url=http://www.dict.org/bin/Dict?Form=Dict2&Database=bouvier&Query=COIN|access-date=9 April 2015|archive-date=23 September 2015|archive-url=https://web.archive.org/web/20150923214526/http://www.dict.org/bin/Dict?Form=Dict2&Database=bouvier&Query=COIN|url-status=live}}</ref> and must be advertised as "rounds" instead.
Bullion coins sell for a premium over the market price of the metal on the commodities exchanges.<ref>{{Cite web|url=https://www.lpm.hk/gold.html|title=Buy Physical Gold Bullion, Gold Coins & Gold Bars {{!}} LPM|website=www.lpm.hk|language=en|access-date=2017-10-14}}</ref> Reasons include their comparative small size and the costs associated with manufacture, storage and distribution. The amount of the premium varies depending on the coin's type and weight and the ]. The premium also is affected by prevailing demand.


Bullion coins may sell for a premium over the market price of the metal on the commodities exchanges. Reasons include their comparative small size and the costs associated with manufacture, storage and distribution. The amount of the premium varies depending on the coin's type and weight and the ]. The premium also is affected by prevailing demand. Depending on a number of factors, ] may also have a direct influence on the price of a bullion coin.
The ] for gold bullion is XAU. ISO 4217 includes codes not only for currencies, but also for precious metals (gold, silver, palladium and platinum, by definition expressed per one troy ounce, as compared to "1 USD") and certain other entities used in international finance, e.g. ].


The ] and ] series are the only coins available in ], ], ], and ].<ref name=AmericanEagleCoins>{{cite web|title=American Eagle Bullion Coins for Investors|url=http://www.usmint.gov/mint_programs/american_eagles/?action=american_eagle_bullion|website=United States Mint|publisher=]|access-date=17 February 2018|archive-date=18 September 2015|archive-url=https://web.archive.org/web/20150918064126/http://www.usmint.gov/mint_programs/american_eagles/?action=american_eagle_bullion|url-status=dead}}</ref><ref name=CanadianBullionProducts>{{cite web|title=BULLION PRODUCTS|url=http://www.mint.ca/store/mint/about-the-mint/products-7400002|website=Royal Canadian Mint Website|publisher=]|access-date=9 April 2015|archive-date=12 September 2015|archive-url=https://web.archive.org/web/20150912230844/http://www.mint.ca/store/mint/about-the-mint/products-7400002|url-status=dead}}</ref>
==Gold==
{{More citations needed|section|date=August 2021}}
]
]]]
]]]


==Examples==
The largest demand for gold in the world is jewelry, which consumes 50% of world production. Industry uses 9%, coins use 10% and the rest is for investments.<ref>{{cite web |url=https://www.businessinsider.com/gold-pie-charts-2012-7 |title=Gold Pie Charts |publisher=Business Insider |date=July 2012 |access-date=6 June 2019}}</ref> Starting in 1821, with Britain moving to the ], countries' monetary unit became associated with the value of circulating gold or stored gold bullion, but not both. During this time, gold coins were circulated for general use. During the early years of the ], nations abandoned the gold standard and most gold coins were no longer minted. The ]n ] became the first modern coin minted in 1967 to help market South African gold produced by ] and the ].<ref>{{cite web |title=Products |url=http://www.randrefinery.com/products/ |website=Rand Refinery |access-date=19 April 2019 |quote=produced by Rand Refinery and the SA Mint}}</ref> By 1980, the Krugerrand accounted for 90% of the global gold coin production.<ref>{{cite news |title=Crazy as a Gold Bug |author=Tom Bethell |date=4 February 1980 |volume=13 |issue=5 |page=34 |publisher=New York Media | url=https://books.google.com/books?id=6OUCAAAAMBAJ&pg=PA33}}</ref>
Notable examples of Bullion coins include:

* {{flagicon|GBR}} ]
{| class="wikitable sortable"
* {{flagicon|USA}} ]
|-
* {{flagicon|USA}} ]
! Country !! Name of bullion coin !! Fineness !! Weights options<br />in ]s (ozt) !! 1 oz mintage<br />(2018) !! Years minted
* {{flagicon|AUS}} ]
|-
* {{flagicon|RSA}} ]
| rowspan="2" |] || ] || .9999 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1<br /> 2, 10, 1&nbsp;] || 188,921<ref name="Perth" /> || 1986–present <br />1991–present
* {{flagicon|MEX}} ]
|-
* {{flagicon|CAN}} ]
| ] || .9999 || 1 || 1,888 || 2018–present<ref>{{cite web |title=Dragon 2018 1oz Gold Proof Rectangular Coin |url=https://www.perthmint.com/catalogue/coins-chinese-dragon-2018-1oz-gold-proof-rectangular-coin.aspx |website=] |access-date=19 July 2020}}</ref>
* {{flagicon|ARM}} ]
|-
* {{flagicon|AUT}} ]
| ] || ] || .9999 || {{frac|1|25}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 318,300<ref name="Austria">{{cite web |url=https://www.muenzeoesterreich.at/content/download/141956/file/MOeGB2018_DS.pdf |title=218 Annual Report | pages=81–82 |publisher=Austrian Mint |access-date=14 February 2020}}</ref> || 1989–present
* {{flagicon|POL}} ]
|-
| ] || ] || .9999 || {{frac|1|20}}, {{frac|1|15}}, {{frac|1|10}}, {{frac|1|5}}, {{frac|1|4}}, {{frac|1|2}}, 1, ] || || 1979–present
|-
| ] || ] || .999 || (since 2016) 1g, 3g, 5g, 8g, 15g,<br /> 30g, 50g, 100g, 150g || 700,000<ref>{{cite web |url=https://agaunews.com/china-debuts-extensive-range-panda-bullion-commemorative-coins-silver-gold/ |title=China Debuts Extensive Range Panda Bullion |publisher=AgAuNews |date=25 October 2017 |access-date=5 June 2017}}</ref> || 1982–present
|-
| ] || ] || .900 || 2], 4g, 8.13g || || 1980–present
|-
| ] || ] || .999 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1, 5, 10 || || 1984–present
|-
| ] || Jerusalem of Gold Series || .9999 || 1 || 3,600<ref>{{cite web |url=https://www.israelmint.com/?section=45820&product=5930&lineItem=57361 |title=The Cardo" Israel Bullion Coin 2018 - 1oz Gold |publisher=Israel Mint |date=5 June 2019}}</ref> || 2010–present
|-
| ] || Golden Irbis || .9999 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 2009–2016
|-
| ] || ] || .9999 || {{frac|1|4}}, {{frac|1|2}}, 1 || || 2001–present
|-
| ] || ]<ref>{{cite web|title=Melita bullion coins 2018|url=https://www.centralbankmalta.org/en/2018-melita-bullion-coins|website=]|archive-url=https://web.archive.org/web/20190121120928/https://www.centralbankmalta.org/en/2018-melita-bullion-coins|archive-date=21 January 2019}}</ref> || .999 || {{frac|1|4}}, {{frac|1|2}}, 1 || || 2018–present
|-
| rowspan="3" |]
|]
|.999
|{{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1
|
|1991–present
|-
|]|| .900 ||{{frac|1|4}}, {{frac|1|2}}, 1 || || 1981–90
|-
|]|| .900 || 1.20565 (weight 41.67 gr. for 37.5 gr. of pure gold) || || 1921–31, 1943–47, 1949–72*, 1996*, 2000-09*
<nowiki>*</nowiki>dated 1947
|-
| ] || Kiwi || .9999 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 500<ref name="Kiwi" /> || 1990–present<ref name="Kiwi" />
|-
| ] || ] || .9999 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 1,500<br /><small>(2019)</small> || 1995–present<ref>{{cite web |url=https://www.nbp.pl/home.aspx?f=/banknoty_i_monety/monety_uncjowe/orzel_bielik.html |publisher=National Bank of Poland |title=Monety uncjowe NBP |access-date=8 February 2020}}</ref><br /> except for<br /> 2001, 2003 and 2005
|-
| ] || ] || .999 || 7.89g || 150,000<ref>{{cite web |url=http://www.cbr.ru/eng/Bank-notes_coins/coins_base/ShowCoins/?cat_num=5216-0060-18 |title=Saint George the Victorious |publisher=Central Bank of the Russian Federation |access-date=5 June 2019}}</ref> || 2006–present
|-
| ] || Elephant || .999 || {{frac|1|50}}, {{frac|1|25}}, 1, 5 || || 1999–present
|-
| ] || ] || .9167 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 1967–present
|-
| ] || ] || .9999 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 1,500<ref name="Ukraine" /> || 2011–2018
|-
| rowspan="3" | ] || ] || .9167 || 0.2354 || || 1887–1932 <br />1949–52 (dated 1925) <br />1957–59 <br />1962–68 <br />1974, 1976, 1978–82 <br />2000–present
|-
| ] || .9167 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 1987–2012
|-
| ] || .9999 || {{frac|1|40}}<ref>{{cite web |title=The Royal Mint Unveils the UK’s Smallest Coin |url=https://www.royalmint.com/aboutus/press-centre/uks-smallest-coin/ |website=Royal Mint |access-date=11 May 2020}}</ref> {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 2013–present
|-
| rowspan="2" | ] || ] || .9167 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 191,000<ref name="SDBullion" /> || 1986–present
|-
| ] || .9999 || 1 || 121,000<ref name="SDBullion" /> || 2006–present
|-
|}

==Palladium==
{{More citations needed|section|date=August 2021}}
]]]

] is a silvery-white metal. Its primary uses are for ], jewelry, electronics, ] and ]. The highest price for an ounce of palladium was $2,877 in February 2020.<ref>{{cite web |url=https://www.apmex.com/spotprices/palladium-price |title=Palladium Price |website=APMEX |date=30 May 2019}}</ref>

{| class="wikitable sortable"
|-
! Country !! Name of bullion coin !! Fineness !! weights options<br />in ]s (ozt) !! Years Minted
|-
| ] || Emu || .9995 || 1 ozt || 1995–1998
|-
| ] || ] || .9995 || 1 ozt || 2005–2010
|-
| ] || Panda || .999 || .5 ozt || 1989, 2004, 2005
|-
| ] || Columbus || .9995 || 1 ozt || 1987–2000
|-
| ] || Ballerina || .9995 || 1 ozt || 1989–1995
|-
| ] || ] || .9995 || 1 ozt || 2017–present
|}

==Platinum==
{{More citations needed|section|date=August 2021}}
] proof.]]

] is a silverish-white with its name is derived from the Spanish term platino, meaning "little silver". Platinum is used in ]s, electronics and jewelry. The first and only case when platinum coins were used as a regular national currency was in Russia. The coins were minted between 1828 and 1845. Russia stopped minting platinum coins as it proved to be impractical: platinum resembles many less expensive metals, and, unlike the more malleable and ductile silver and gold, it is very difficult to work. From 1975 to 1985, the ] sold commemorative coins with various designs such as a ], ], ], and of the ] sheep. The American Platinum Eagle comes in two versions. The bullion version is a static design while the proof versions are the only U.S. bullion coins that change designs every year. The highest price for platinum was $2250 an ounce in 2008.<ref>{{cite web |url=https://www.goldrepublic.com/platinum-price |title=Platinum Price of Today & History |website=Gold Republic |access-date=31 May 2019}}</ref>

{| class="wikitable sortable"
|-
! Country !! Name of bullion coin !! Fineness !! weights options<br />in ]s (ozt) !! 1oz Mintage<br />(2018) !! Years Minted
|-
| rowspan="3" | ] || ] || .9995 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 2,048<br /><small>(2008)</small> || 1988–2008
|-
| ] || .9995 || 1 || 2,994<ref name="Perth" /><br /><small>(2017)</small> || 2011–2017
|-
| ] || .9995 || 1 || 5,251<ref name="Perth" /> || 2018–present
|-
| ] || ] || .9995 || {{frac|1|25}}, 1 || 13,800<ref name="Austria" /> || 2016–present
|-
| ] || ] || .9995 || {{frac|1|20}}, {{frac|1|15}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 1988–99, 2002, 2009
|-
| ] || ] || .9995 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || || 1983–1989, 2016
|-
| ] || ] || .9995 || {{frac|1|10}}, 1 || || 2018–present
|-
| ] || ] || .9995 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || 30,000<ref>{{cite web |url=https://www.usmint.gov/about/production-sales-figures/bullion-sales |title=Bullion Sales Figures |publisher=US Mint |access-date=5 June 2019}}</ref> || 1997–present
|}

==Rhodium==
] is a rare silver-white metallic element. Its primary use is in ] found in automobiles and jewelry. The highest price for Rhodium was in 2021 when it rose above $29,000 per ounce ($1,022,800 per kilogram). The first coin was produced by the privately owned Cohen Mint of New York City. It was only minted in 2009 and came in a 1 gram size.<ref>{{cite web |url=https://www.rwmmint.com/blogs/news/baird-co-rhodium-bars-are-coming-soon |title=Rhodium Bullion Products Coming Soon |publisher=Rare World Metals Mint |date=14 March 2009 |access-date=6 March 2020}}</ref> The first bullion coin issued by a nation is Tuvalu's South Sea Dragon. There have been two ]s produced by ] and ].<ref>{{Cite web|url=https://www.midasgoldgroup.com/product-details/rhodium/ |title=Rhodium |website=Midas Gold Group |access-date=30 May 2019}}</ref>

{| class="wikitable"
|-
! Country !! Name of bullion coin !! Fineness !! Weight !! Mintage !! Mint !! Years Minted
|-
| ] || South Sea Dragon || .999 || 1 ] || 1,000<ref>{{cite web|url=https://online.kitco.com/buy/31034/1-oz-Rhodium-Tuvalu-South-Sea-Dragon-Coin-999-31034 |title=1oz Rhodium Tuvalu South Sea Dragon |access-date=5 June 2019}}</ref> || ] || 2018
|}

==Silver==
]
] coin]]
] silver coin]]

The first modern silver bullion coin was the Mexican Onza. It was minted in 1949 and struck intermittently with that date until the 1978, 1979 and 1980 mintages. Mexico created a new coin, the ], in 1982. It was not released until 1984 due to a financial crisis in Mexico. The value of the coin is listed as 1 Onza.<ref>{{cite web |url=https://www.coinworld.com/news/precious-metals/2016/07/Mexico-issues-first-modern-silver-bullion-coin.html |website=CoinWorld |title=Mexico issues first modern silver bullion coin |date=4 July 2016 |access-date=29 May 2019}}</ref> The Libertad and South Korea's ZI:SIN are technically not bullion coins as they are not legal tender. In 1986, the American Eagle became the second bullion coin to be minted. It was authorized by the ] as a way to reduce America's stockpiled silver and to pay for the federal budget. In its first year, 5.8&nbsp;million Silver Eagle coins were minted. The most minted in one year occurred in 2015, with 47.9&nbsp;million coins.<ref>{{cite web |url=http://silvereagleguide.com/mintages/ |title=Silver Eagle Mintage |publisher=Silver Eagle Guide |access-date=29 May 2019}}</ref> Countries that did not have their own mints, turned to private mints. Majority of these coins are done for Pacific or Caribbean island nations and are used to bring income into their treasury. Examples are Congo's silverback gorilla coin minted by Scottsdale Mint<ref>{{cite web |url=https://www.apmex.com/category/29000/congo-silverback-gorilla-series |title=Congo Silverback gorilla series |website=APMEX |access-date=29 May 2019}}</ref> and ]'s hawksbill turtle minted by New Zealand Mint.<ref>{{cite web |url=https://www.nzmint.com/coins/niue-silver-coin--hawksbill-turtle-30-00332 |title=Niue Silver Coin - Hawksbill Turtle |website=New Zealand Mint |access-date=29 May 2019}}</ref>

The design of the ] (heads) side of the coins rarely change. Many coin's ] (tails) side does change from year to year but retains the same overall theme. For example, the Chinese Panda always includes pandas on the reverse side but has different portraits of pandas every year. The reverse side of Australian's Kookaburra and Koala, Congo's Gorilla, Isle of Man's Angels and Cats, New Zealand's Kiwi, Rwanda's Wildlife, Serbia's Tesla and Somalia's Elephant change every year.

{| class="wikitable sortable"
|+ Annual silver bullion coin releases
|-
! Country !! Name of bullion coin !! Fineness !! weights options<br />in ]s (ozt) !! 1ozt Mintage<br />(2018) !! Years Minted
|-
| ] || ] || .999 || {{frac|1|4}}, {{frac|1|2}}, 1, 5, 10, 1&nbsp;kg, 5&nbsp;kg || 234,001<ref>{{cite web |url=https://www.geiger-edelmetalle.de/en/online-shop/all-products/own-products/noah-s-ark-silver-bullion-coin/ |title=Noah's Ark Silver Bullion Coin |publisher=Geiger Edelmetalle |access-date=5 June 2019}}</ref> || 2011–present
|-
| rowspan="4" |] || ] || .9999 || 1 || 4,395,517<ref name="Perth">{{cite web |url=https://www.perthmint.com/investment-bullion-bars-and-coins-mintages.aspx |title=Investment Bullion Bars and Coins Mntages |publisher=Perth Mint |access-date=4 June 2019}}</ref> || 2015–present
|-
| ] || .9999 || 1, 1&nbsp;kg || 166,434<ref name="Perth" /> || 2007–present
|-
| ] || .9999 || 1, 10, 1&nbsp;kg || 243,740<ref name="Perth" /> || 1990–present
|-
| ] || .9999 || 1 || 3,888<ref name="Perth" /> || 2018–present<ref>{{cite web |title=Dragon 2018 1oz Silver Proof Rectangular Coin |url=https://www.perthmint.com/catalogue/coins-chinese-dragon-2018-1oz-silver-proof-rectangular-coin.aspx |website=] |access-date=27 June 2019}}</ref>
|-
| ] || ] || .999 || 1 || 2,101,592<ref>{{cite web |url=https://www.muenzeoesterreich.at/eng/produkte/1-ounce-fine-silver-999 |title=Vienna Philharmonic |publisher=Austrian Mint |access-date=5 June 2019}}</ref> || 2008–present
|-
| ] || ] || .9999 || {{frac|1|2}}, 1 || || 1988–present
|-
| ] || ] || Varies || Varies || 10,000,000<ref>{{cite web |url=https://agaunews.com/china-debuts-extensive-range-panda-bullion-commemorative-coins-silver-gold/ |title=China Debuts Extensive Range Panda Bullion Commemoratve coins |publisher=AgAuNews |date=25 October 2017 |access-date=4 June 2019}}</ref> || 1989–present<ref name=bulliondata>{{cite web|title=Chinese Panda Silver Series|url=http://www.bulliondata.com/Chinese_Panda_Silver_Series|publisher=Bullion Data|access-date=20 April 2012|archive-url=https://web.archive.org/web/20150923195129/http://www.bulliondata.com/Chinese_Panda_Silver_Series|archive-date=23 September 2015|url-status=dead}}</ref>
|-
| ] || Silverback Gorilla || .999 || 1 || 75,000<ref>{{cite web |url=https://agaunews.com/portfolio-items/2015-on-congo-silverback-gorilla-by-scottsdale-mint/ |title=2015-2019 Congo Silverback gorilla by Scotsdale Mint |publisher=AgAuNews |date=4 June 2019}}</ref> || 2015–present
|-
| ] || HMS Bounty || .9999 || 1, 2 || (1) 15,000 (2) 6,500 || 2020
|-
| rowspan="3" | ] || ] || .999 || 1 || 15,000<ref>{{cite web |url=https://www.coininvest.com/en/silver-coins/isle-of-man-series/1-oz-angel-isle-of-man-silver-coin-2018/ |title=1 oz Angel Isle of Man Silver Proof Coin |publisher=Coin Invest |access-date=4 June 2015}}</ref> || 1995–2018
|-
| Domestic cats || .999 || 1 || 10,000<ref>{{cite web |url=https://agaunews.com/pobjoy-mints-isle-man-cat-series-hits-28-years-old/ |title=Pojoy mints Isle Man Cat Series Hits 28 Years old |publisher=AgAuNews |access-date=4 June 2015}}</ref> || 1998–2018
|-
| ] || .999 || 1 || 30,000<ref>{{cite web |url=https://www.apmex.com/product/170598/2018-isle-of-man-1-oz-silver-noble-proof |title=2018 Isle of Man Silver Noble |publisher=APMEX |access-date=7 June 2019}}</ref> || 1994–2018
|-
| rowspan="2" | ] || ] || .999 || {{frac|1|20}}, {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1, 2, 5, 1&nbsp;kg || 300,000,<ref>{{cite web |url=https://news.coinupdate.com/libertad-coin-series-2019-programs-surprises-may-have-only-begun/ |title=Libertad Coin Seres 2019 Programs Surprises May Have Only Begun |publisher=CoinUpdate |date=12 March 2019 |access-date=4 June 2019}}</ref> <small>(2,458,000 in 1992)</small>|| 1982–present
|-
|Onza Troy
|.925
|1 (weight 33.625 gr.)
|6,104,000 <small>(1980)</small>
|1949, 1978–1980
|-
| ] || Kiwi || .999 || 1, 5 || 10,000<ref name="Kiwi">{{cite web |url=https://agaunews.com/new-zealand-kiwi-series-adds-a-five-ounce-variant/ |title=New Zealand Kiwi Series adds a five ounce Variant |publisher=AgAuNews |date=13 October 2017 |access-date=4 June 2019}}</ref> || 1990–present<ref name="Kiwi" />
|-
| ]/] || Taku/Turtle || .999 || 1, 2, 5 || 350,000<ref>{{cite web |url=https://www.jmbullion.com/2018-new-zealand-silver-niue-hawksbill-turtle/ |title=2018 New Zealand Silver Niue Hawksbill Turtle |publisher=JM Bullion |access-date=4 June 2019}}</ref> || 2010–present
|-
| ] || ] || .999 || 1 || 250,000<ref>{{cite web |url=https://agaunews.com/portfolio-items/st-george-the-victorious/ |title=St. George the Victorious |publisher=AgAuNews |access-date=4 June 2019}}</ref> || 2009–present
|-
| ] || African Ounce || .999 || 1 || || 2008–present
|-
| ] || Nikola Tesla || .999 || 1 || 50,000<ref>{{cite web |url=https://www.coinworld.com/news/precious-metals/2018/09/serbia-begins-tesla-silver-bullion-coin-series.all.html |title=Serbia Begins Tesla Silver Bullion Coin Series |publisher=CoinWorld |date=18 September 2018 |access-date=4 June 2019}}</ref> || 2018–present
|-
| ] || Elephant || .9999 || {{frac|1/10, 1/4, 1|2}}, 1, 2, 5, 10, 1&nbsp;kg|| || 2004–present
|-
| ] || ] || .999 || 1 || 630,000<ref>{{cite web |url=https://agaunews.com/silver-krugerrand-adds-itself-to-the-list-of-silver-bullions-big-guns-in-a-diversifying-market/ |title=Silver Krugerrand Adds Itself to the List of Silver Bullion Big Guns |publisher=AgAuNews |date=16 July 2018 |access-date=14 February 2020}}</ref><br /><small>(2017)</small> || 2017–present
|-
| ] || Chiwoo Cheonwang || .999 || {{frac|1|2}}, 1, 2, 10 || 35,000<ref>{{cite web |url=https://coinweek.com/dealers-companies/jmbullion/south-korean-chiwoo-cheonwang-series-silver-bullion-medallions-from-komsco/ |title=South Korean Chiwoo Cheonwang Series Silver Bullion Medallions From Komsco |publisher=CoinWeek |date=24 October 2018 |access-date=7 June 2019}}</ref> || 2016–present
|-
| ] || ] || .9999 || 1 || 40,000<ref name="Ukraine">{{cite web |url=https://bank.gov.ua/control/en/bullioncoin/registry |title=Bullion Coins |publisher=National Bank of Ukraine |access-date=4 June 2019}}</ref> || 2011–present
|-
| rowspan="2" | ] || ] || .958 || {{frac|1|10}}, {{frac|1|4}}, {{frac|1|2}}, 1 || N/A || 1997–2012
|-
| ] || .999 || 1 || || 2013–present
|-
| ] || ] || .999 || 1 || 15,700,000<ref name="SDBullion">{{cite web |url=https://sdbullion.com/us-mint |title=US Mint |publisher=SD Bullion |access-date=4 June 2019}}</ref> || 1986–present
|-
|}

]" coin]]

Silver bullion coins also come in limited series that usually contain two to twelve coins. Examples are animals from Chinese ] or the ] of the ].

{| class="wikitable"
|+ Examples of some limited series silver bullion coins
|-
! Country !! Name of bullion coin !! Mint !! weights options<br />in ]s (ozt) !! 1ozt Mintage !! Years Minted !! # of coins
|-
| Australia || Lunar series || ] || {{frac|1|2}}, 1, 2, 5, 10, 10&nbsp;kg || 300,000<ref name="Perth" /> || 2008–2019 || 12
|-
| Barbados || Trident || Scottsdale Mint || 1 || 30,000<ref>{{cite web |url=https://agaunews.com/barbados-trident-bullion-coin-back-for-2018-in-gold-and-silver-one-ounce-form/ |title=Barbados Trident Bullion Coin Back for 2018 |publisher=AgAuNews |access-date=5 June 2019}}</ref> || 2017–2020 || 4
|-
| Canada || Wildlife series || ] || 1 || 1,000,000<ref>{{cite web |url=http://www.coinnews.net/bullioncoins/canadian-wildlife-silver-bullion-coins/ |title=Canadian Wildlife Siilver Bullion Coins |publisher=CoinNews |access-date=5 June 2019}}</ref> || 2011–2013 || 6
|-
| South Korea || ZI:SIN (Twelve Guardians) || ] || 1 || 10,000-40,000<ref>{{cite web |url=https://www.coinworld.com/news/precious-metals/2019/04/korean-silver-medals-highlight-mythology.all.html | title=Korean Silver Medals Highlight Mythology |publisher=Coin World |date=19 April 2019 |access-date=5 June 2019}}</ref> || 2017–2028 || 12
|-
| ] || Sea creatures || Highland Mint || 1, 2, 5, 10, 1&nbsp;kg || || 2014–2025 || 12
|-
| United Kingdom || ] || ] || 1, 2, 5, 10, 1&nbsp;kg || || 2017–2021 || 12
|-
| United States || ] || ] || 5 || 20,000-126,700<ref name="SDBullion" /> || 2010–2021 || 56
|}


==See also== ==See also==
{{Portal|Numismatics}} {{Portal|Numismatics}}
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Latest revision as of 01:06, 19 October 2024

Type of coin struck from precious metal
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A bullion coin (also known as a specie) is a coin struck from highly refined precious metal (bullion) and kept as a store of value or an investment rather than used in day-to-day commerce. A bullion coin is distinguished by its weight (or mass) and fineness on the coin. Unlike rounds, bullion coins are minted by government mints and have a legal tender face value. Bullion coins can have fineness ranging from 91.9% (22 karat) to 99.99% purity (24 karat).

For the VAT exemption purposes the United Kingdom defines investment coins more specifically as coins that have been minted after 1800, have a purity of not less than 900 thousandths and are, or have been, legal tender in their country of origin. Under United States law, "coins" that fail the last of these requirements are not coins at all, and must be advertised as "rounds" instead.

Bullion coins may sell for a premium over the market price of the metal on the commodities exchanges. Reasons include their comparative small size and the costs associated with manufacture, storage and distribution. The amount of the premium varies depending on the coin's type and weight and the precious metal. The premium also is affected by prevailing demand. Depending on a number of factors, numismatic value may also have a direct influence on the price of a bullion coin.

The American Eagle and Canadian Maple Leaf series are the only coins available in gold, silver, platinum, and palladium.

Examples

Notable examples of Bullion coins include:

See also

References

  1. "Investing in Bullion and Bullion Coins". Consumer Information. U.S. Federal Trade Commission. May 2011. Archived from the original on 9 March 2016. Retrieved 9 April 2015.
  2. "VAT Notice 701/21A: investment gold coins". Gov.UK HMRC pages. HMRC. 1 February 2012. Archived from the original on 14 April 2015. Retrieved 9 April 2015.
  3. Bouvier's Law Dictionary (Revised 6th ed.). 1856. Archived from the original on 23 September 2015. Retrieved 9 April 2015.
  4. "American Eagle Bullion Coins for Investors". United States Mint. United States Mint. Archived from the original on 18 September 2015. Retrieved 17 February 2018.
  5. "BULLION PRODUCTS". Royal Canadian Mint Website. Royal Canadian Mint. Archived from the original on 12 September 2015. Retrieved 9 April 2015.

External links

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