Bullion coin

Type of coin struck from precious metal

Bullion coin or specie refers to coin struck from bullion (namely, highly refined precious metal) and kept as a store of value or an investment rather than used in day-to-day commerce, or collectable, with numismatic value beyond that of its metal content. A bullion coin is distinguished by its weight (or mass) and fineness on the coin. Unlike rounds, bullion coins are minted by government mints and have a legal tender face value.

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