What Is Bullion?

Bullion is the word to describe coins, bars, or rounds that have a purity of 99.9%. This means that junk coins like the Mercury Dime or the pre-1960 quarters are not eligible to be called Bullion since they only have 90% purity.

Coins made from Bullion are not used for legal tender, instead they are used as a convenient unit of measurement for investors. Often, Bullion Coins are available as 1 troy ounce, making their storage, trade, transportation and sale very easy.