Best Answer

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

User Avatar

Wiki User

โˆ™ 2006-05-19 07:22:33
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What is 'actual bullion value'?
Write your answer...
Still have questions?
magnify glass
Continue Learning about Movies & Television

How much is a 1000 shilling gold coin worth in us dollars?

.3906 x spot price of gold = todays value, most people would be back slightly of the actual value

Do banks buy gold coins?

Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.

How much is a 1980 2 rand gold coin worth?

The R2 gold coin is a bullion coin, meaning that it's not worth much more than the gold it contains. The R2 coin contains 0.2354 fine oz of gold, and with gold currently selling for round about $1050 per fine oz the value of the coin is about R2000.

What is the value of a 1 ounce Krugerrand?

The value of the Krugerrand is based on its weight in gold. A 1 ounce Krugerrand contains roughly 1 ounce of gold. The gold value is based on the market price for gold. On Dec. 29, 2007 the price for 1 ounce of gold is $838USD. A one ounce Krugerrand can safely be assumed to contain exactly 1 troy ounce of gold. Krugerrands usually trade at a slight premium to the price of gold bullion, sometimes a slight discount, and of course it depends whether you are buying or selling. We have provided a link with full specifications, and much more information about Krugerrands. The same website has pages with live spot gold prices in up to 12 different currencies. From these sources, you can work out an approximate Krugerrand value at any given time.

What is the Cherokee name for Sunflower?

There is no actual word for sunflower in Cherokee.

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.

What is bullion value of 1912 half sovereign?

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 coin says silver bullion on it?

Any silver coin having its value primarily from the silver it contains is considered to be a bullion coin and as such many of them have "silver bullion" on them.

What is the value of a 2000 Billion Dollar Silver Proof Washington mint?

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.

What is the value of a King George 1906 one rupee silver coin?

If it's real then it has Almost 10 grams of silver so Bullion value is 9.59 as of today. But the actual value is around 15-40 dollars depending on the condition the coin is in.

What is a value of 1963 half dollar?

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.

How much gold is in a 1911 ten dollar god coin?

I do hope you mean GOLD coin, but actual gold weight is .48375oz of pure gold. The bullion value is $546.00 as I type this

What is the silver value of a German 1907 five mark?

Today's Bullion value: 15.43 GBP

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

The face value of a Sovereign is One Pound (GBP). Since all British Sovereign coinage is made from 22 carat gold, the actual value is very much higher. Athe very least, they are worth the bullion value of gold.

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.

What exactly is a bullion coin?

A bullion coin is a type of currency used by all kinds of past civilizations such as the Aztecs, the Celtics, the Anglo-Saxons, and the Celts. Bullion coins are now considered historical and most of them hold no value in the sense that they are priceless artifacts.

What if actual value - measured value is negative?

Then the measured value is larger than the actual value.

People also asked