Bullion
uncoined gold and silver in bars or in the mass. United States standard bullion contains 900 parts of pure gold or pure silver, and 100 parts of copper alloy. The coining value of an ounce of pure gold is $20.67183, and the coining value of an ounce of standard gold is $18.60465. The coining value in standard silver dollars of an ounce of pure silver is $1.2929, and the coining value of an ounce of standard silver is $1.1636.
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