page_title: Precious metal
section_title: Coinage
hierarchical_section_title: Precious metal / Bullion / Coinage
caption_attribution_description: Removed background, cropped, and converted to PNG with Macromedia Fireworks. This image depicts a unit of currency issued by the United States of America. If this is an image of paper currency or a coin not listed here, it is solely a work of the United States Government, is ineligible for US copyright, and is therefore in the public domain in the United States.Fraudulent use of this image is punishable under applicable counterfeiting laws. As listed by the United States Secret Service at money illustrations, the Counterfeit Detection Act of 1992, Public Law 102-550, in Section 411 of Title 31 of the Code of Federal Regulations (31 CFR 411), permits color illustrations of U.S. currency provided:1. The illustration is of a size less than three-fourths or more than one and one-half, in linear dimension, of each part of the item illustrated;2. The illustration is one-sided; and3. All negatives, plates, positives, digitized storage medium, graphic files, magnetic medium, optical storage devices, and any other thing used in the making of the illustration that contain an image of the illustration or any part thereof are destroyed and/or deleted or erased after their final use. Certain coins contain copyrights licensed to the U.S. Mint and owned by third parties or assigned to and owned by the U.S. Mint [1]. For the United States Mint circulating coin design use policy, see [2]; for the policy on the 50 State Quarters, see [3]. Also: COM:ART #Photograph of an old coin found on the Internet
context_page_description: Precious metals are rare, naturally occurring metallic chemical element of high economic value.
  Chemically, the precious metals tend to be less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
  The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded.
  The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals.
context_section_description: Many nations mint bullion coins.  Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion.  For instance, Canada mints a gold bullion coin (the Gold Maple Leaf) at a face value of $50 containing one troy ounce (31.1035 g) of gold—as of May 2011, this coin is worth about 1,500 CAD as bullion. Bullion coins' minting by national governments gives them some numismatic value in addition to their bullion value, as well as certifying their purity.
  One of the largest bullion coins in the world was the 10,000-dollar Australian Gold Nugget coin minted in Australia which consists of a full kilogram of 99.9% pure gold. In 2012, the Perth Mint produced a 1-tonne coin of 99.99% pure gold with a face value of $1 million AUD, making it the largest minted coin in the world with a gold value of around $50 million AUD. China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 8 kilograms (260 ozt) of gold. Austria has minted a coin containing 31 kg of gold (the Vienna Philharmonic Coin minted in 2004 with a face value of 100,000 euro). As a stunt to publicise the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold.
caption: American Platinum Eagle bullion coin
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