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Snippet from Wikipedia: Bullion coin

A bullion coin is a coin struck from precious metal 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. The American Eagle and Canadian Gold Maple Leaf series are the only coins available in gold, silver, platinum, and palladium.

Bullion coins are typically available in various weights. These are usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.

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.

The ISO currency code 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. special drawing rights.

A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce. Investment coins are generally coins that have been minted after 1800, have a purity of not less than 900 thousandths and are, or have been, a legal tender in their country of origin.<ref name=“Inv”>

</ref> Bullion coins are usually available in gold and silver, with the exception of the Krugerrand and the Swiss Vreneli which are only available in gold. The American Eagle series is available in gold, silver and platinum, and the Canadian Maple Leaf series is available in gold, silver, platinum and also palladium.

Bullion coins are also typically available in various weights. These are usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms and even heavier.

Bullion coins sell for a premium over the market price of the metal on the commodities exchanges. This is due to their comparative small size and the costs associated with manufacture, storage and distribution. The margin that is paid varies depending on what type of coin it is, the weight of the coin, and the precious metal. The premium also is affected by prevailing demand.

The ISO currency code of 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. special drawing rights.

Lists of bullion coins

Gold

The European Commission publishes annually a list of gold coins which must be treated as investment gold coins (e.g. exempt from VAT) in all EU Member States. The list has legal force and supplements the law. In the United Kingdom, HM Revenue and Customs (HMRC) have added an additional list of gold coins alongside the European Commission list. These are gold coins that HMRC recognise as falling within the [VAT] exemption for investment gold coins. This second list does not have legal force.<ref name=“Inv”/> The following list presents only the most common coins included in the European Commission list.

|+ '''List of gold bullion coins'''
|-
! Country !! Name of bullion coin !! Fineness !! Denominations 
(Gold weight) !! Years of mintage |- | [[Australia]] || [[Australian Gold Nugget|Gold Nugget]] || .9999 || 1/20 [[Troy ounce|ozt]], 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt,
2 ozt, 10 ozt, 1 kg || 1986–present
1991–present |- | Australia || Lunar Series I || .9999 || 1 ozt || 1996–2007 |- | Australia || Lunar Series II || .9999 || 1 ozt || 2008–2019 |- | [[Austria]] || [[Euro_gold_and_silver_commemorative_coins_(Austria)#Vienna_Philharmonic_Coin|Philharmoniker]] || .9999 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1989–present |- | [[Canada]] || [[Canadian Gold Maple Leaf|Maple Leaf]] || .9999 (.99999 available) || 1/20 ozt, 1/15 ozt, 1/10 ozt, 1/5 ozt, 1/4 ozt,
1/2 ozt, 1 ozt, 100 Kilo || 1979–present |- | [[China]] || [[Chinese Gold Panda|Gold Panda]] || .999 || 1/20 ozt, 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1982–present |- | [[France]] ||20 Francs [[Napoleon (coin)|Napoleon]]|| .900 ||0.1867 ozt.||1806–1914 |- | [[Israel]] || Tower of David || .9999 || 1 ozt || 2010-present |- | [[Kazakhstan]] || Golden Irbis || .9999 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 2009–present |- | [[Malaysia]] || [[Kijang Emas]] || .9999 || 1/4 ozt, 1/2 ozt, 1 ozt || 2001–present |- | [[Mexico]] || [[Libertad (coin)|Libertad]] || .999 || 1/20 ozt, 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1991–present |- | Mexico || [[Libertad (coin)|Libertad]] || .900 || 1/4 ozt, 1/2 ozt, 1 ozt || 1981–1990 |- | Mexico || [[Centenario]] (50 Pesos) || .900 || 1.20565 ozt || 1921 - 1931
Periodically 1943 - 1972 |- | [[Poland]] || [[Orzeł bielik]] || .9999 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1995–present
But 2001, 2003 and 2005 |- | [[Poland]] || [[Bene Merentibus]] || .9999 || 1/2 ozt, 1 ozt || 2012 |- | [[Russia]] || [[Saint George the Victorious (coin)#Gold|George the Victorious]] || .999 || 0.2537 ozt || 2006–present |- | [[South Africa]] || [[Krugerrand]] || .9167 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1967–present |- | [[Switzerland]] || [[Vreneli]] || .900 || 0.0933 ozt, 0.1866 ozt || 1897 - 1936
1947 and 1949 |- | [[Ukraine]] || [[Archangel Michael]] || .9999 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 2012–present |- | [[United Kingdom]] || [[Sovereign (British coin)|Sovereign]] || .9167 || 7.3224 g = 0.2354 ozt || 1887 - 1932
1949 - 1952 (dated 1925)
1957 - 1959
1962 - 1968
1974, 1976, 1978 - 1982
2000–present |- | United Kingdom || [[Britannia (coin)|Britannia]] || .9167 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1987–2012 |- | United Kingdom || [[Britannia (coin)|Britannia]] || .9999 || 1 ozt || 2013- |- | [[United States]] || [[American Gold Eagle|Gold Eagle]] || .9167 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1986–present |- | United States || [[American Buffalo (coin)|American Buffalo]] || .9999 || 1 ozt || 2006–present |- | United States || [[Double Eagle]] || .900 || 0.9675 ozt || 1849–1933
| [[USSR]] || [[Chervonets]] || .900 || 0.2489 ozt || 1975–1982

Palladium

|+ '''List of palladium bullion coins'''
|-
! Country !! Name of bullion coin !! Fineness !! Denominations 
(Palladium weight) !! Years of mintage |- | [[Canada]] || [[Canadian_Maple_(coin)#Palladium_Maple_Leaf|Palladium Maple Leaf]] || .9995 || 1 [[Troy ounce|ozt]] || 2005–2007, 2009

Platinum

|+ '''List of platinum bullion coins'''
|-
! Country !! Name of bullion coin !! Fineness !! Denominations 
(Platinum weight) !! Years of mintage |- | [[Australia]] || [[Platinum Koala]] || .9995 || 1/20 [[Troy ounce|ozt]], 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1988–2008
| [[Australia]] || [[Platinum Platypus]] || .9995 || 1 [[Troy ounce|ozt]]|| 2011–present
|-
| [[Canada]] || [[Canadian Platinum Maple Leaf|Platinum Maple Leaf]] || .9995 || 1/20 ozt, 1/15 ozt, 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1988–1999, 2002, 2009
|-
| [[Isle of Man]] || [[Noble (Manx coin)|Noble]] || .9995 || 1/20 ozt, 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1983–1989
|-
| [[Mexico]] || [[Libertad (coin)|Libertad]] || .999 || 1/4 ozt || 1989
|-
| [[United States]] || [[American Platinum Eagle|Platinum Eagle]] || .9995 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1997–present

Silver

|+ '''List of silver bullion coins'''
|-
! Country !! Name of bullion coin !! Fineness !! Denominations 
(Silver weight) !! Years of mintage |- | [[Australia]] || [[Australian Silver Kookaburra|Silver Kookaburra]] || .999 || 1 [[Troy ounce|ozt]], 2 ozt, 10 ozt, 1 kg || 1990–present |- | [[Australia]] || [[Australian Lunar Series I and II|Lunar]] || .999 || 1 [[Troy ounce|ozt]], 2 ozt, 10 ozt, 1 kg || 1999–present |- | [[Austria]] || [[Euro_gold_and_silver_commemorative_coins_(Austria)#Vienna_Philharmonic_Coin|Philharmoniker]] || .999 || 1 ozt || 2008–present |- | [[Canada]] || [[Canadian Silver Maple Leaf|Maple Leaf]] || .9999 || 1/2 ozt, 1 ozt || 1988–present |- | [[Canada]] || [[$20 for $20 Fine Silver Coin]] || .9999 || 7.96 g || 2011–present {{cite web|title=$20 for $20 coins|url=http://www.mint.ca/store/coin/20-for-20-fine-silver-coin-hockey-2013-prod1620005|publisher=Royal Canadian Mint|accessdate=8 October 2013}} |- | [[Canada]] || [[$100 for $100 Silver Coin]] || .9999 || 1 ozt || 2013–present {{cite web|url=http://www.mint.ca/store/coin/100-for-100-fine-silver-coin-the-grizzly-2014-prod1730001|publisher=Royal Canadian Mint|accessdate=8 October 2013}} |- | [[China]] || [[Chinese Silver Panda|Silver Panda]] || Varies || Varies || 1989–present{{cite web|title=Chinese Panda Silver Series|url=http://www.bulliondata.com/wiki/Chinese_Panda_Silver_Series|publisher=Bullion Data|accessdate=20 April 2012}} (pre-1989 are medallions) |- | [[Kazakhstan]] || Silver Irbis || .9999 || 1 ozt, 2 ozt, 5 ozt, 10 ozt || 2009–present |- | [[Mexico]] || [[Libertad (coin)|Libertad]] || .999 || 1/20 ozt, 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt, 2 ozt, 5 ozt, 1 kg || 1982–present |- | [[Russia]] || [[Russian George the Victorious (coin)#Silver|Saint George the Victorious]] || .999 || 1.01 ozt || 2009–2010 |- | [[Ukraine]] || [[Archangel Michael]] || .9999 || 1 ozt || 2012–present |- | [[United Kingdom]] || The George and the Dragon, £20 for £20 Fine Silver Coin || .999 || 15.71 g || 2013 |- | [[United Kingdom]] || [[Britannia (coin)|Britannia]] || .958 || 1/10 ozt, 1/4 ozt, 1/2 ozt, 1 ozt || 1997–2012 |- | [[United Kingdom]] || [[Britannia (coin)|Britannia]] || .999 || 1 ozt || 2013- |- | [[United States]] || [[America the Beautiful Silver Bullion Coins|America the Beautiful]] || .999 || 5 ozt || 2010–present |- | [[United States]] || [[American Silver Eagle|Silver Eagle]] || .999 || 1 ozt || 1986–present

See also

References

bullion_coin.txt · Last modified: 2020/03/12 18:32 (external edit)