The word Bullion originally comes from the French Minister of Finance under Louis XIII, Claude de Bullion. Bullion can come in the form of Gold, Silver, Platinum or Palladium.
For purposes of this blog post we are just going to elaborate on the most common forms of Bullion, which is Gold and Silver Bullion. Let's start this off with the Coin Variety, as it is the most popular form of Bullion in the United States.
Silver Bullion is Silver in the form (shape) of bars, coins, ingots or rounds. Some of the best known Silver coins are American Silver Eagles (by far the most popular), Canadian Maple Leafs, Australian Kookaburras, Mexican Libertads, Austrian Philharmonics and Britannias. These are all Government Minted Bullion Coins and technically are currency, but the Metal Value seriously surpasses the monetary denomination given to each coin. But not all Silver Bullion coins are created equal, the most striking difference would be the purity. While Silver Bullion is "Fine Silver" or otherwise known as "Pure" you can see ranges of purity from .999 (99.9%) to .9999 (99.99%) typically.
Gold Bullion is also Gold in the form (shape) of bars, coins, ingots or rounds. Some of the best known Gold coins are American Gold Buffalos, American Gold Eagles, South African Krugerrands, Gold Canadian Maple Leafs, Gold Australian Kookaburras, Gold Mexican Libertads, and Gold Austrian Philharmonics. These are all Government Minted Bullion Coins and technically are currency, but just like with Silver, the Metal Value seriously surpasses the monetary denomination given to each coin. Just like with Silver Bullion Coins, all Gold Bullion coins are not created equal, the most striking difference would also be the purity. While Gold Bullion is "Fine Gold" or otherwise known as "Pure" you can see ranges of purity from .999 (99.9%) to .9999 (99.99%) typically.
The other most common forms of Bullion are Bars and Rounds, and the Bar shapes are sometimes referred to as "Ingots" as well. The most popular size (mass) of Bars and Rounds are the 1 oz. Variety. But these can also be acquired in fractional amounts too, such as 1 gram, 2.5 Gram, 5 Gram, 10 Gram, and 1/2 oz.
Just as they can be acquired in fractional sizes (smaller than 1 oz.) Bullion Bars and Rounds can also be purchased in much larger sizes. The popular sizes (mass) that can be acquired larger than 1 Troy Ounce are as follows: 2 oz, 5 oz, 10 oz. Half Kilo, 1 Kilo, 50 oz. and 100 oz. Just like with the Bullion Coins, the Bars and Rounds can differ in purity .999 (99.9%) or up to .9999 (99.99%). The extra 9 does not make any noticeable difference in value, this just boils down to a personal preference.
The value of bullion is typically determined by the value of its precious metals content (purity and mass) which directly correlates to the Market Price (Spot Price) of Gold and Silver.
At Texas Gold and Silver Buyers of San Antonio, we are ALWAYS buying Gold, Silver, Platinum and Palladium Bullion. We are extremely competitive in the San Antonio and South Texas Market, and are TOP DOLLAR Buyers each and EVERY day. We highly encourage you to give us a call or come by and let us give you a FREE, No Pressure, Hassle-Free quote on your bullion before selling to a Pawn Shop, another Gold Buyer, or a Coin Store. We are low overhead (pass the savings on to our customers), with a devotion to Honesty and Customer Service. Our office is safe and clean, and we value your privacy and discretion when handling Bullion deals Large or Small.
Texas Gold and Silver Buyers
3435 Thousand Oaks, Suite 107
San Antonio, Texas 78247
We purchase ALL Gold, Silver, Platinum and Palladium: Jewelry, Coins, Bullion, Scrap Gold, Scrap Silver, and Dental Gold.
Thanks for stopping by our blog. My name is Evan and I am the owner of Texas Gold and Silver Buyers in San Antonio. From time to time I will post blog entries to help educate and inform our customers and potential future customers on all aspects of Precious Metals (Gold, Silver, Platinum & Palladium!)