Decoding Precious Metals: What is the difference between bullion, bars coins and rounds?

Precious metals such as gold, silver, platinum, and palladium come in a variety of forms. If you speak with a precious metals dealer, they may refer to bars, bullion, and coins interchangeably, but there are some differences between them.Bullion: bullion is a term used to describe any form of pure metal that is traded in bulk, and includes bars, coins and rounds. The term “bullion” is used to describe the weight and purity of the metal, rather than the form it takes.Bars: bars are rectangular-shaped bars of the precious metal with a specific weight and purity. Bars may come in assorted sizes and weights, typically ranging from 1 gram to 1 kilogram or more. Precious metals bars are often the preferred investment option for those who want to invest in large quantities. They are typically produced by refineries or mints, and the price of a bar is based on their weight and purity. Example of a Platinum bar.Coins: coins are typically smaller in size and weight than bars and are often minted by government mints. Coins can be bought in different sizes, ranging from 1/10 of an ounce to 1 ounce or more. Coins are often sought after by collectors, as they can have historical or cultural significance. The value of coins is typically based on the weight of the metal they contain, as well as their rarity and condition. Example of a Gold coin.Visit : https://vaultusgold.com/decoding-precious-metals-what-is-the-difference-between-bullion-bars-coins-and-rounds/

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