Cryptocurrency Q&A
What are non circulating bullion coins?
What are non circulating bullion coins?
Michele
Sat Nov 09 2024
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5 answers
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Non circulating bullion coins are typically made of precious metals like gold or silver, and unlike circulating coins, they are not intended for daily transactions. These coins are often seen as investments or collector's items due to their high intrinsic value and rarity. They may feature unique designs or be part of a limited edition series, further adding to their collectibility.
5 answers
Andrea
Mon Nov 11 2024
These bullion coins are available in various precious metals. Gold and silver have been used since the inception of the program, providing investors with traditional options.
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NebulaChaser
Mon Nov 11 2024
Platinum has been included in the production of these coins since 1997. This addition has broadened the portfolio of precious metals available to collectors and investors.
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BlockchainVisionary
Mon Nov 11 2024
More recently, in 2017, palladium was introduced as another metal option for these non-circulating coins. This has further diversified the range of choices for those interested in bullion investments.
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JejuSunshineSoulMateWarmth
Mon Nov 11 2024
Despite their face value, which is legally tender, these coins' actual worth is not reflected by this denomination. Instead, their value is determined by the market price of the precious metal they contain.
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Elena
Mon Nov 11 2024
Since 1986, non-circulating bullion coins have been minted annually. These coins are specifically designed for investment and collection purposes rather than for general circulation.
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