And, the Royal Canadian Mint produces legal tender Gold Maple Leafs and kilo gold bars, which are not legal tender. The Perth Mint of Western Australia produces both legal tender gold bullion coins and gold bullion bars that are not legal tender. There are two noted exceptions to this rule. However, the PAMP 100-gram (3.215 oz) gold bullion bars, which do not carry the Lady Fortuna design, are becoming widely accepted in the US because they sell at very low premiums. PAMP is best known for the Lady Fortuna design, which graces many PAMP gold bullion bars.
One noted private mint is PAMP (Produits Artistiques Métaux Précieux), which is headquartered in Switzerland. Gold bars usually, but not always, are produced by private mints and do not carry legal tender values. The medallions had no monetary face value and have never been called coins. To further point out the distinction, the US Mint produced 1980-1984 the American Arts Gold Medallions, which honored American artists and writers. However, Engelhard’s Gold Prospector was never referred to as a coin but was called a “gold round.” The word coin is generally reserved for government, legal tender issues. For example, 1-oz American Gold Eagles are US $50 legal tender coins, and 1-oz Canadian Maple Leaf coins carry a legal tender value of 50 Canadian dollars.ĭecades ago, Engelhard produced a 1-oz Gold Prospector, which is round. The other difference: gold bullion coins nearly always are minted by government mints, and they carry legal tender values. Gold bullion coins are round, the standard shape of coins, while gold bullion bars are usually rectangular. However, there are two slight differences between gold bullion coins and gold bullion bars. In the secondary market, coins and bars retain premiums as they are in demand because they are in easily-recognizable and convenient forms.
Us mint gold coins plus#
Both sell for the value of their gold content plus small premiums because of the cost of fabrication and distribution. Gold bullion, whether gold bullion coins or gold bullion bars, is the quintessential gold investment.
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