Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Gold Bullion and other Coin Collecting topics.
Gold bullion coins are created for exchanging precious metal units and are not typically used for commerce. The US Mint determines the value of gold bullion by the weight of the precious metal. In the United States and other parts of the world, people seeking a way to protect against currency inflation do so by purchasing gold bullion coins. Typical gold bullion weights include 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. sizes. A one oz. gold bullion coin is the equivalent to the size of a U.S. half dollar while a 1/10 oz. gold bullion coin equals the size of a U.S. dime.
|Jennifer Mathes, Ph.D.|