Precious Metals in
JH MINT in Auburn, California is Gold Country's Premier Bullion Dealer.
We routinely buy, sell and trade physical gold and silver bullion in all of the most popular formats and have an extensive inventory on hand at all times. We can broker any size transaction for any of the following items and more:
- Gold 1 oz. American Eagle
- Gold 1 oz. American Buffalo
- Gold 1 oz. Canadian Maple
- Gold 1 oz. Krugerrand
- Gold 1 oz. Austrian Philharmonic
- Silver 1 oz. American Eagles
- Silver 1 oz. Generic Rounds
- Silver 1 oz. Bars
- Silver 10 oz. Bars
- Silver 100 oz. Bars
- Silver 1000 oz. Bars
- Silver Morgan Dollars
- Silver 720 oz. Bag, $1000 face
JH MINT displays Up-To-The-Minute Precious Metals Prices in our retail store and on our website. Scroll down or click here to see our current priceboard, or continue to our homepage at auburnsilverandgold.com.
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals are 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 gold and silver. While both have industrial uses, they are better known for their uses in art, jewelry and coinage.
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.
A metal is deemed to be precious if it is rare. The status of a "precious" metal can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money.
The level of purity varies from issue to issue. "Three nines" (99.9%) purity is common. The purest mass-produced bullion coins are in the Canadian Gold Maple Leaf series, which go up to 99.999% purity. Note that a 100% pure bullion is impossible, as absolute purity in extracted and refined metals is asymptotically approached. Historically, coins had a certain amount of weight of alloy, with the purity a local standard. The Krugerrand is the first modern example of measuring in "pure gold"; it should contain at least 12/11 ounces of at least 11/12 pure gold. Still more bullion coins (for example: British Sovereign) state neither the purity nor the fine-gold weight on the coin but are recognized and consistent in their composition, and many historically stated a denomination in currency (example: American Double Eagle).
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.
Gold and silver, and sometimes other precious metals, are often seen as hedges against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and, unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.