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<p>[QUOTE="gxseries, post: 2148661, member: 4373"]It depends how you want to define "bullion". In my opinion, a bullion does not necessary have to be circular in shape nor does it have to weigh exactly one ounce to be classified as bullion. </p><p><br /></p><p>There are two interesting "bullion" coinage that I would like to propose.</p><p><br /></p><p>The Chinese had a good understanding of finance in the early BC and had coins issued in various metals including gold and silver. Precious metals when available were often molded in shapes of boat. Their value depended on the weight and fineness of them. Large shape silver ingots were often revalued with counterstamps. These days, these especially large taels are extremely scarce in any condition. </p><p><br /></p><p>More information can be seen here: <a href="http://en.wikipedia.org/wiki/Sycee" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Sycee" rel="nofollow">http://en.wikipedia.org/wiki/Sycee</a></p><p><br /></p><p><a href="http://sunflower.ch/pdf/yesterday/05_Modern_Times/02%2802%29%20Chinese%20Silver%20Ingots.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://sunflower.ch/pdf/yesterday/05_Modern_Times/02%2802%29%20Chinese%20Silver%20Ingots.pdf" rel="nofollow">http://sunflower.ch/pdf/yesterday/05_Modern_Times/02(02) Chinese Silver Ingots.pdf</a></p><p><br /></p><p>An example seen here: <a href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699462" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699462" rel="nofollow">http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699462</a></p><p><br /></p><p>A more uniform example of bullion coinage were issued by the Russian in late 1800s, early 1900s. Back then when gold was sent to St. Petersburg Mint, silver was the by-product during the refining process. These were often struck as "bullion" coins under various "zolotnik" weight, which was the old Russian weight measurement. As of why they weren't used during the coining process and were manufactured in such way, I have no idea. </p><p><br /></p><p>Examples can be seen here: </p><p><br /></p><p><a href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699469" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699469" rel="nofollow">http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699469</a></p><p><br /></p><p><a href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699470" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699470" rel="nofollow">http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699470</a></p><p><br /></p><p><a href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699471" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699471" rel="nofollow">http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699471</a></p><p><br /></p><p><a href="http://www.coinarchives.com/w/lotviewer.php?LotID=1883333&AucID=1765&Lot=2308&Val=a5b14c8f6541f6646ac23aa9f69f627a" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinarchives.com/w/lotviewer.php?LotID=1883333&AucID=1765&Lot=2308&Val=a5b14c8f6541f6646ac23aa9f69f627a" rel="nofollow">http://www.coinarchives.com/w/lotviewer.php?LotID=1883333&AucID=1765&Lot=2308&Val=a5b14c8f6541f6646ac23aa9f69f627a</a>[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 2148661, member: 4373"]It depends how you want to define "bullion". In my opinion, a bullion does not necessary have to be circular in shape nor does it have to weigh exactly one ounce to be classified as bullion. There are two interesting "bullion" coinage that I would like to propose. The Chinese had a good understanding of finance in the early BC and had coins issued in various metals including gold and silver. Precious metals when available were often molded in shapes of boat. Their value depended on the weight and fineness of them. Large shape silver ingots were often revalued with counterstamps. These days, these especially large taels are extremely scarce in any condition. More information can be seen here: [url]http://en.wikipedia.org/wiki/Sycee[/url] [url]http://sunflower.ch/pdf/yesterday/05_Modern_Times/02%2802%29%20Chinese%20Silver%20Ingots.pdf[/url] An example seen here: [url]http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699462[/url] A more uniform example of bullion coinage were issued by the Russian in late 1800s, early 1900s. Back then when gold was sent to St. Petersburg Mint, silver was the by-product during the refining process. These were often struck as "bullion" coins under various "zolotnik" weight, which was the old Russian weight measurement. As of why they weren't used during the coining process and were manufactured in such way, I have no idea. Examples can be seen here: [url]http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699469[/url] [url]http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699470[/url] [url]http://www.sixbid.com/browse.html?auction=1963&category=40363&lot=1699471[/url] [url]http://www.coinarchives.com/w/lotviewer.php?LotID=1883333&AucID=1765&Lot=2308&Val=a5b14c8f6541f6646ac23aa9f69f627a[/url][/QUOTE]
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