Bullion coins are coins composed of precious metals such as gold, silver, or platinum. They have intrinsic value as bullion and trade based on their metal content rather than rarity or historic value.
Precious metals such as gold, silver, platinum, and palladium are highly valued for their intrinsic value, role in backing world currencies, aesthetic appeal, and industrial applications. Their prices are influenced by supply and demand, political and economic considerations, and global events.
Troy weight is a system of measurement used mainly for determining the weight of precious metals and gemstones.
