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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. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins, of which the most famous is probably the gold South African Krugerrand. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, the United States mints a gold bullion coin (the Gold Eagle) at a face value of $50 containing 1 troy ounce (31.1035 g) of gold

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Q: What is 'actual bullion value'?
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Related questions

What is the bullion value of a 1894 US ten dollar gold coin?

As of February 2012 the bullion value is $832.24.


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The Washington Mint is a private company NOT associated with the actual U.S. Mint. Any silver coin they produce is worth its bullion value only.


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So many were struck the value is bullion unless it's and uncirculated coin which has a retail price of $7.00 to $9.00 depending the grade compared to a bullion value of $6.25 as of today.


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Bullion refers to a precious metal, most commonly gold and silver when dealing with coins, but there are many other precious metals that could be referred to as bullion. The bullion value of anything, such as a coin, is the value of the gold it is made from and has nothing to do with the coin itself. The bullion value of any precious metal will change on an hourly basis entirely on the whims of the market.


What is the meaning of AU and BU when looking up the value of coins?

AU means "about uncirculated" and BU means bullion. BV stands for Bullion value and BU is the abbreviation for Brilliant Uncirculated.


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What is the face value in pounds of a gold sovereign?

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