Gold bullion coins today get their value from the gold content or weight instead of rarity and condition. These type of gold coins are considered a hedge against inflation and have been rising in price as of the writing of this article (2007-2008). South Africa introduced the Krugerrand in 1967 to cater to this type of market. It weighs exactly one troy ounce and is considered first modern, low premium bullion gold coin. Bullion coins can also produced in fractions of an ounce – typically half ounce, quarter ounce, and one-tenth ounce. Gold bullion coins do not carry a true face value their value is dictated by their troy weight and the current market price.
Some popular gold bullion coins are:
- Canadian Mapple Leaf
- South African Krugerrand
Austrian Philharmonic
British Britannia
Chinese Panda
Gold Dinar
Russian Chervonets
Swiss Vreneli
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