What is a bullion coin?

Congressionally authorized United States Mint Bullion Coins provide investors with a convenient and cost-effective way to add physical gold, silver, platinum, or palladium to their investment portfolios. The American Eagle Bullion Coin Program was launched in 1986 with the sale of American Eagle Gold and Silver Bullion Coins.

What are the different types of bullion?

The most common forms of bullion are bars and ingots, and coins. Gold and silver bars are also called ingots. Some esoteric metals, such as rhodium bars, are considered bullion. Despite that, "bullion" is generally understood to mean generic forms of gold, silver, platinum, or palladium.

Why are bullion coins so valuable?

For collectors, bullion coins can be prized for their rarity and aesthetic beauty, which can often cause their value to increase relative to the base value of their precious metals content.

Is a silver ring considered bullion?

For example, a gold bar is considered bullion. A silver ring is not. The most common forms of bullion are bars and ingots, and coins. Gold and silver bars are also called ingots. Some esoteric metals, such as rhodium bars, are considered bullion.