Please define BULLION

mach19

DIMEMAN

Any precious metal that is not a REAL coin that is put into circulation. Such as all the silver and gold eagles stuff the mint is putting out.

Zoins

<< <i>Any precious metal that is not a REAL coin that is put into circulation. Such as all the silver and gold eagles stuff the mint is putting out. >>

What's your definition of a "REAL coin"? Are the SF Old Mint gold and silver commems "REAL coins" or not? Both the modern precious metals commens and ASE/AGEs have similar characteristics:

(1) Legal tender face value
(2) Legal tender face value below precious metals content = NCLT (non-circulating legal tender)

The precious metals commems have old weights while the ASE/AGEs have modern weights. However, many other countries produce precious metal legal tender commens using modern weights similar to ASE/AGEs.

notwilight

Real circulating coins have bullion value too. Bullion is the bulk precious metal. A bullion coin is one designed solely for identifying the bullion it cointains. Bullion coins primarily serve the purpose of avoiding assays which are required when selling bulk precious metals of unknown purity.

The irony is that bullion coins have now become gradable, collectable and very valuable beyond their bullion value. The mint sells almost all of them at fixed prices above bullion price. The exceptions is the MS coins distributed to official agencies at spot plus a small fee, which was the original intent.

--Jerry

robertpr

When referring to coins, any coin whose value is more than 50% determined by it's precious metal content.

Zoins

How about anything with zero value over spot? If it has value over spot, the value may move with spot prices but a premium still exists.

Barndog

multiple of ten most commonly used between mullion and trullion.

19Lyds

Any precious metal that has been prepared for either sale or storage that has an exact weight and composition stamped into it to identify its assayed content.

Better yet: Any Precious metal in negotiable or tradable form, such as a wafer or bar or coin

coinguy1

With respect to coins:

1) "coins made of precious metal and traded at current bullion prices, or at a small premium over bullion."

2) "A precious metal coin whose market value is determined by its inherent precious metal content. They are bought and sold mainly for investment purposes."

Apart from coins:

1) "Gold, silver, platinum, or palladium, in the form of bars or ingots."

2) "Gold and silver in the lump, as distinguished from coin or manufactured articles, also applied to coined or manufactured gold and silver when considered simply with reference to its value as raw material."

bumanchu

Is that chicken bullion or beef bullion, cubes or condensed?

I may have to agree with Jerry who usually seems to try to put others down.

A thought-- today's bullion coins are actually not placed in to circulation and as a result are available in much better condition than all of the classics that are so revered. Irony?

Mintage-wise they are quite low some years in relation to the "CLASSICS" and this with an US Population far greater than that in the past when the classics were minted.

So where does this leave us? Are bullion issues modern crap. Presently to some they are, in the future, maybe not.

To those who perceive modern coins as crap, I suggest that you place "non-modern crap" back into circulation for the benefit of all Americans after all, if it doesn't circulate , it is crap, isn't it?

Rant possibly only beginning.

notwilight

<< <i> I may have to agree with Jerry who usually seems to try to put others down. >>



I don't ever mean to put others down. I know I come across that way sometimes and consider that a personal weakness. I'm generally trying to be witty or funny. When pointing out where others are incorrect, I often try to be lighthearted so that I won't come across as an a**hole. But unfortunately, it seems to backfire on me. This is a longstanding problem that I haven't been able to correct. I apologize to those I have and will offend on the board.

Thanks for pointing this out,
Jerry

Zoins

If we use a definition based on bullion having a small value over precious metals value, then many ASE/AGEs cannot be considered bullion.

RYK

Steve27

Coins, rounds, and bars whose value is determined primarily by their precious metal content.

Zoins

Gemineye

<< <i>Coins, rounds, and bars whose value is determined primarily by their precious metal content. >>


I agree.....

Zoins

<< <i>

<< <i>Coins, rounds, and bars whose value is determined primarily by their precious metal content. >>


I agree..... >>

That sounds like a good definition. Certainly many Mexian 50 peso coins are used primarily as precious metals investment today while reverse proof AGEs are not.

bumanchu

<< <i>

<< <i> I may have to agree with Jerry who usually seems to try to put others down. >>



I don't ever mean to put others down. I know I come across that way sometimes and consider that a personal weakness. I'm generally trying to be witty or funny. When pointing out where others are incorrect, I often try to be lighthearted so that I won't come across as an a**hole. But unfortunately, it seems to backfire on me. This is a longstanding problem that I haven't been able to correct. I apologize to those I have and will offend on the board.

Thanks for pointing this out,
Jerry >>



We all have personal weaknesses and your reply is admirable.

mach19

From the glossary of the 2006 RED BOOK Page 404 & I Quote "Uncoined gold or silver in the form of bars, ingots or plate" My question is, How do you get BULLION COINS?

topstuf

If it don't make no difference if it's melted or whole, it's bullion.

WoodenJefferson

<< <i>From the glossary of the 2006 RED BOOK Page 404 & I Quote "Uncoined gold or silver in the form of bars, ingots or plate" My question is, How do you get BULLION COINS? >>



Precious metals in bulk form are known as bullion, and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins.

You simply call it a a bullion coin, that is stamped from melted bullion bars, ingots or other melted coins that contain precious metal bullion.

I see you point of juxtaposition.