What is Gold Bullion?
You might be asking yourself what is gold bullion? Gold is considered a precious metal. A metal will be considered precious if it is rare. Therefore precious metals in bulk you would call bullion. They can be cast in many different ways. Ingots, or coins.
How pure is a a Gold Bullion Coin?
They all differ a bit, but the coin that might be the purest is the Canadian Gold Maple Leaf at 99.999% The American Gold Eagle is 91.67% gold. Not e that you can’t have a coin that is 100% gold.
What are some other Precious Metals.
Most people think of Gold and Silver when someone says precious metal, but platinum and palladium. Aluminum use to be a precious metal, but has become a common one. It use to be extremely hard to mine even though it is an extremely common element. In 1886 with the invention of Hall-Heroult Process ended Aluminum as a precious metal since it was now so much easier to extract in the the Earth’s Crust.
What is the First Gold Coin?
How far back can discover the first gold coins being used. The Egyptian Pharaohs used gold tokens in 2,700BC at the time they came in a variety or purity, but were used mostly as gifts.
Lydia (560-546 BC) King Croesus issued the first true gold coins.
What are the Grades of Gold Coins?
The bottom of the scale is a Basal - you can identify it as coin, but besides the fact that you can tell it’s a coin you can’t tell anything else about it.
The top of the scale would be a Proof - These are perfect specifically struck for the collector. You will find these with a mirror-like surface.
The list goes like this:
Basal
Fair
Almost Good (AG)
Good (G)
Very Good (VG)
Fine (F)
Very Fine (VF)
Extremely Fine (XF or EF)
Almost Uncirculated (AU)
Uncirculated (UNC)
Proof (PF)
What size does a Gold Bullion come in?
You can find Gold Bullion in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes.
What is the most popular American Gold Coin?
The American Gold Eagle is probably the most popular American Gold Bullion Coin. It is also an official Gold Bullion Coin of the United States. The very first one was released in 1986.
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