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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

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Q: What is 'actual bullion value'?
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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 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.

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 value of Prince Charles and Lady Diana coin 1981?

Bullion value only.

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 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 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 is the value of a 1848 20 franc coin?

Average Circulated coins are only Bullion Value. To figure that: [(actual coin weight) x .90] x market. Nice coins in Extra Fine condition are around $80USD and Uncirculated specimens are around $135USD

1964 Uncirculated quarter?

If the coin is uncirculated the retail value is about $4.25 if it's not, bullion value is $3.00 as of today.

What if actual value - measured value is negative?

Then the measured value is larger than the actual value.

What is the equation for accuracy?

%error = (Actual value- Measured value) / actual value *100