When you’re looking to sell coins, you’re probably wondering what they are worth. A question we’ve often heard is, ‘What is the difference between numismatic and bullion?’
Bullion is assigned a valuation based on two criteria:
The bullion value is the value of the precious metal weight, whether the bullion is gold, silver, platinum, or palladium.
Examples of Bullion are:
- American Silver Eagles
- American Gold Eagles
- Mexican Libertads
- Canadian Gold Maple Leafs
- 90% percent junk silver
- Canadian Silver Maple Leafs
- South African Krugerrand
- Austrian Philharmonics
- 1 oz gold & silver bars of any kind
- 10 oz gold & silver bars of any kind
- 100 oz silver bars
- 1 kilo of gold & silver bars of any kind
The numismatic value is the value of the coin based on the rarity, origin, and any other external factor unrelated to the metal weight of the coin.
Examples of Numismatic/currency Coins are:
- Silver Peace Dollars
- Silver Morgan Dollars
- British Sovereigns
- Swiss 20 Francs
- Pre-1933 $20, $10 Eagle coins
Selling bullion coins is straightforward as they come in easy-to-measure denominations and are traded based on the current market price of precious metals, be it silver, gold, palladium, or platinum. Bullion coins are the best way of physically trading precious metals since they are more liquid and command a price based on the worldwide market, which isn’t subject to opinion.
Selling numismatics can be more complicated if you’re looking to get the most since it’s necessary to find a buyer willing to pay the price of the numismatic value. These are mainly interesting to coin collectors and museums as they like to show off the rare coin and aren’t using it as a form of investment.
If you’re curious and want more information on the answer to “What is the difference between numismatic and bullion coins,” visit us at 1855 Hawthorne Ave Ne in Salem or call us at (503) 400-5608!