Those who are new to coin collecting, as a hobby, as an investment, or both, may be unfamiliar with the terms bullion and numismatic and their meanings when it comes to coins. The specialists at William Youngerman, Inc. are always at the ready to share their years of training and experience to help newcomers and veterans alike learn more about the trade of coins.
What Is Gold and Silver Bullion?
To those well outside the world of buying and selling rare coins, the word bullion may evoke images of gleaming bars of pure gold or silver stockpiled in a heavily guarded military base. When it comes to coin collecting, gold and silver bullion coins are a literal, tangible asset the same as money. In this sense, they are similar to those ingots in that there is an everlasting value based on the market value of the precious metal itself.
In fact, bullion has its own global market for trading — New York, Zurich, and Tokyo have bullion markets, with the largest market being in London. The gold and silver bullion market is only one of the ways that gold and silver can be invested in. It is also generally considered to be a so-called hedge or safe-haven investment against inflation as it historically maintains its value over time (though it should be noted that safe havens can change from one period of market volatility to the next).
What Are Numismatic Coins?
Where gold and silver bullion have actual value, numismatic coins are either rare coins or purely collectible coins based on different criteria. In many instances, numismatic coins aren’t valuable outside of the actual value of any gold or silver content found in the coin itself. The word numismatics is defined as, “the study of collection of coins, tokens, and paper money”
Want to Get Started with Bullion or Numismatic Coins?
Are you looking to get started with gold and silver bullion coins? Do you need expert advice and guidance with market insights and suggestions as to which coin is right for you? Or are you more of a hobbyist who already has a set of coins, or perhaps has inherited some coins, and is in need of an appraisal? The experienced, professional coin dealers at William Youngerman, Inc. have a variety of services available for your collecting and investing needs. Call us toll-free at 1-800-327-5010 or contact us via our easy-to-use online form.