WE BUY GOLD - WE BUY SILVER - WE BUY COLLECTIBLES - WE SELL GOLD - WE SELL SILVER

Official US bullion struck by the US Mint in gold, platinum, or silver. The American Eagles are the most collected bullion coins in the US.  The one-ounce gold coin, $50 face value, is 1.287 inches (32.70 mm) in diameter, contains one gold troy ounce, and weighs 1.0909 troy ounces (33.931 g). Silver coins are made from .999 pure silver. These popular bullion coins are legal tender, yet their intrinsic value is much higher than their denomination. The US Federal Government backs the American Eagles' weight and purity. 

The “ask price” or "ask" is the price a precious metals dealer has set for a bar or coin, also known as the selling price. 

An "AU" or "Almost Uncirculated" is reserved for coins with traces of wear at the highest points of the coin, but no other signs of use and at least half of its original mint luster is present. 

The "bid price" or "bid" is how much a dealer is willing to pay to purchase or buy back a coin or bar; the buyback price for a precious metals product. 

Bullion refers to physical gold and silver of high purity that is often kept in the form of bars, ingots, or coins. Bullion can sometimes be considered legal tender and is often held as reserves by central banks or held by institutional investors. 

The "BU" or "Brilliant Uncirculated" designation is reserved for Business Strike coins that have never been circulated (e.g. that are in Mint State) and fall in a grade range of roughly 60-63. 

Canadian bullion coins are produced by the Canadian Royal Mint. The gold maple leaf was the first .999 fine gold coins released in 1979 to compete with the South African Krugerrand. Since then, these modern coins have become even finer, being currently offered as .9999 gold bullion coins. 

Coin specialists use a grading system,  to assign a numeric value to coins based on their condition. Grades range from Poor (P-1) to Perfect Mint State (MS-70).

Coins are graded based on:

• Luster
• Strike
• Attractiveness
• Color
• Preservation

The markup is the amount a dealer adds to the cost of a coin or bar to cover overhead and make a profit. 

The “melt value” or "melt" is the value of the precious metal that could be extracted from a coin if it were to be melted down. For example, if you had a coin or piece of jewelry containing one ounce of silver and the silver spot price was $20, then the melt value of that coin or jewelry would be $20. 

Numismatics is the study of coins and other currency units and is usually associated with the appraisal and collection of rare coins.  A "numismatic" coin is a coin whose value or price depends more on its date, condition, rarity, connection to history, aesthetic attraction, and mint mark, than its face value. Rare or ancient coins can trade for values far in excess of the value of the metal from which they are made. 

The “premium” is calculated by adding the melt value of the precious metal plus the cost of fabricating it into a coin, distributing that coin, and the precious metal dealer’s fee. A premium of 5 percent to 15 percent above the spot price of the precious metal is typically added to bullion coins and bars. The premium on rare can be higher and is based on multiple factors, such as condition, demand, and scarcity. 

A "round" is a precious metal bullion shaped like a coin but is not legal tender and has no numismatic value. 

The “spot price” or "spot" is the price a precious metal is sold or bought for in the market for immediate payment and delivery. In the U.S., the spot price of gold is usually based on the London over-the-counter market (OTC) traded on the COMEX exchange. 

The “spread” is the difference between a precious metal dealer’s selling price and buying price for a gold or silver coin at the same time on the same day. If a dealer buys silver at $18 an ounce and sells it at $20 an ounce, the difference is called the spread. 

Typically featuring an image of a person, or “head,” the “obverse” is considered the front of the coin. 

Often representing the coat of arms or insignia of a nation, the “reverse” is known as the “tails” side or back of the coin.