What is the difference between a “bullion” coin and a “proof” coin?

Question by Betty: What is the difference between a “bullion” coin and a “proof” coin?
As far as coin collecting goes, what is the difference in these 2 types of coins? As far as what it means to what type the coin is and anything about it

Best answer:

Answer by Bruce
There is no standard answer but,

Proof is a special way of handling the coin at the mint, special blanks, double struck, cotton gloves to inspect, special packaging. The end result is a very special (good) looking coin, generally marketed to collectors.

Bullion coins are not generally legal tender, but they can be used as such. Bullion coins are made to a standard weight or purity. They are generally made so you have a standard weight (1/2 oz, 1 oz, 5 oz etc) and a known purity of metal (gold, silver, palladium) in a consumer friendly size geared towards small investors.

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Gold Prices Gain, US Silver Bullion Coins Advance

Gold Prices Gain, US Silver Bullion Coins Advance
Silver edged lower for a second session Thursday after having gained in seven of eight sessions. Silver for May delivery dipped 15.1 cents, or 0.5%, to $ 28.807 an ounce, ranging from $ 28.530 to $ 28.955. Gold and silver have been largely range bound.
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Perth Mint Gold and Silver Bullion Sales Dip in February
Gold Kangaroo The Perth Mint has provided the latest monthly figures indicating the amount of gold and silver sold as coins and minted products. For February 2013, sales for each metal dipped to their lowest monthly level since August. Year over year …
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2013 Gold and Silver Bullion Coins Now Available from The Gold Bullion Company

Birmingham, West Midlands (PRWEB UK) 1 February 2013

One of the most notable 2013 bullion coin releases has been the Royal Mint 1oz Gold Britannia, traditionally a 22 carat coins since introduction in 1987, for 2013 the gold Britannia coin now contains a full troy ounce of 99.99% fine 24 carat gold and expands in size to a new larger format 38.6mm diameter. The Britannia is also available in a 1oz silver bullion coin.

A 2013 Royal Mint Sovereign is also now available to complement the Britannia release. Following a special commemorative design by sculptor Paul Day for 2012 to celebrate the Queens Diamond Jubilee, the 2013 gold sovereign sports a return to the traditional George and Dragon scene to the reverse.

All 2013 Britannia and Sovereign products continue to offer investors a Capital Gain Tax free advantage, ensuring no tax is paid on any profit gained at the time of sale.

The Australian Perth Mint produce some of the worlds most sought after annual collectables gold coins. Considered by many one of the most attractive bullion coins, each year the Australian Gold Nugget coin is produced in a range of full, half, quarter and tenth ounce 99.99% pure gold coins, complete with a new Kangaroo design to the reverse.

Other notable 2013 bullion coins include the Australian Lunar Year of the Snake, Canadian Maple Leaf, Chinese Panda, South African Krugerrand and US Mint 24 carat gold Buffalo.

A full range of 2013 bullion coins are available to purchase online direct form The Gold Bullion Company, complete with fully insured next day delivery and certificate of authenticity to guarantee both the weight and purity of the product.