Bullion coin: Difference between revisions

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	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 \| 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 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.{{fact}}		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 \| 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 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.{{fact\|date=February 2023}}

	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 ] 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.

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A bullion coin is a coin struck from 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 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 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 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.

References

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

External links

Category:

Bullion coins

Revision as of 20:15, 16 February 2023 editStAnselm (talk \| contribs)Autopatrolled, Extended confirmed users, File movers, New page reviewers, Pending changes reviewers160,721 edits highly dubious← Previous edit		Revision as of 20:36, 16 February 2023 edit undoAnomieBOT (talk \| contribs)Bots6,575,210 editsm Dating maintenance tags: {{Fact}}Next edit →
Line 1:		Line 1:
	{{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 \| 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 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.{{fact}}		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 \| 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 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.{{fact\|date=February 2023}}

	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 ] 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.

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