What Is Bullion?
Bullion refers to precious metals, most commonly silver and gold. Bullion comes in various forms, like coins and bars. It is valued by its weight, purity, and precious metal type, as opposed to collectible coins, generally valued for factors such as limited mintage and innovative minting techniques and finishes. For gold and silver to be considered bullion quality, the metal must contain a high purity level, whether it is a coin, bar, or ingot.
Why Buy Bullion?
Many people gravitate towards bullion simply because they want to own physical silver, gold, or other precious metals. Physical assets of these precious metals have long been treasured for their limited supply and intrinsic value by those who want to invest in gold, silver, and other precious metals markets. While more numismatic coins are valued for aspects like a limited mintage, rarity, condition, and historical significance, bullion is sought after for its weight and fineness.
Types of Bullion
Some of the most popular and sought-after forms of bullion come in gold or silver and in either coin or bar form. Perhaps the third most popular bullion type, behind gold and silver, is the precious metal platinum. Other bullion metals include palladium, rhodium, and even copper bullion.
Gold Bullion
Gold bullion is physical gold with high purity. While a major portion of gold bullion is struck from .999 fine or .9999 fine gold, some iconic series issued by renowned mints, including the United States Mint’s American Gold Eagle, are struck from .9167 fine gold. The United States Mint also offers .9999 fine gold bullion coins in the form of the American Gold Buffalo.
Silver Bullion
Silver bullion is physical silver with a high level of purity, in either coin or bar form. Comparatively speaking, silver is also a relatively more affordable metal than gold or platinum. Some of the most popular coins come in the form of silver bullion, like the American Silver Eagle or the Canadian Silver Maple.
Bullion Bars
When it comes to comparing bullion bars and bullion coins, there are a variety of factors, such as coin designs, mintage, and history, that affect a coin’s price, but to a lesser extent, a bullion bar’s price. Bullion bars are generally sought after primarily for their precious metal content. With that being said, the most standardized way of owning gold or silver bullion is in the form of bullion bars. Factors such as size, purity stamped on the bar’s face, storage, and the manufacturer should all be considered when buying these bullion bars, either for investment or collection purposes.
Bullion Coins
Bullion coins are sought after primarily for their precious metal content and have the added benefit of being issued by a sovereign mint and therefore carrying a denomination. However, generally, given their attractive designs and historical value, bullion coins often cost more than, say, a bullion round or bar due to a coin’s numismatic value. Some of the most popular bullion coins include the American Silver Eagle and American Gold Eagle.
On the other hand, these are the exact reasons why some collectors pursue bullion coins, namely the historic significance, the designs, and the variety of finishes offered in bullion coins that bullion bars often lack.
Bullion for Sale at ModernCoinMart
ModernCoinMart (MCM) is one of the largest dealers of modern coins, precious metals, and bullion on the internet and has employed dedicated professionals with years of expertise and specialization in numismatics. Having been in continuous business since June 2004, our business and our website have been updated several times since then, but one thing remains the same—our dedication to providing the best and most expedient customer experience with the latest and newest products available from all over the world!
As a reputable coin and bullion dealer, we at ModernCoinMart offer a variety of bullion products for collectors and stackers alike to choose from. Even if you’re someone who wishes to own bullion in any form, this is also the place where you can have full faith and confidence in what you are buying.
