At present all gold bullion brought to the Mint is weighed and portions are cut off for assay.
Considerable quantities of foreign ores and base bullion are also refined in the United States.
The leading products of the blast-furnace are argentiferous lead (base bullion), matte, slag and flue-dust (fine particles of charge and volatilized metal carried out of the furnace by the ascending gas current).
The receipt of bullion and the delivery of coin from the Mint is under the charge of the chief clerk, the manufacture of coin is in the hands of the superintendent of the operative department, and the valuation of the bullion by assay, and matters relating to the fineness of the coin are entrusted to the chemist and assayer.
In 1810 he was a member of the Bullion Committee, and his speeches on the report showed his mastery of the subject.
On the 24th of July 1663 he alone signed a protest against the bill " for the encouragement of trade," on the plea that owing to the free export of coin and bullion allowed by the act, and to the importation of foreign commodities being greater than the export of home goods, " it must necessarily follow.
When the vast field of the East was opened to Hellenic enterprise and the bullion of its treasuries flung abroad, fortunes were made on a scale before unparalleled.
The resources of Balmaceda were running short on account of the heavy military expenses, and he determined to dispose of the reserve of silver bullion accumulated in the vaults of the Casa de Moneda in accordance with the terms of the law for the conversion of the note issue.
The base bullion (assaying 300 t oz.
The precious metals brought in by the tribute were collected in the great, treasure-houses at Susa, Persepolis, Pasargadae and Ecbatana, where gigantic masses of silver and, more Money and especially, of gold, were stored in bullion or partially Coinage.
Veins of antimony are worked in the Battle Mountain District and in Bullion Canyon, 15 m.
in coined money, bullion or bank-notes, the remainder in bills at short sight.
in silver coin, whatever may be the market price of silver bullion.
The transit trade in the last-named year included bullion valued at £33,000, being raw gold from the Kilo mines, Belgian Congo.
The yield in silver is low unless the ores are exceptionally free-milling; the bullion produced is high-grade, as refractory silver minerals are hardly attacked.
The loss in quicksilver is small, as there is no chemical loss inherent in the process; the yield is relatively high, but the bullion is liable to be low-grade, on account of copper being precipitated and amalgamated.
Think the only government with sizeable silver bullion is India (approx 120 million Oz ).
"La Lutine," which had been captured from the French by Admiral Duncan, was carrying a large quantity of bullion and specie, which was underwritten at Lloyd's.
The base bullion is imperfectly Pattinsonized, giving lead rich in silver and bismuth, which is cupelled, and lead low in silver, and especially so in bismuth, which is further desilverized by the Parkes process.
As a considerable time elapses between the receipt of bullion by the Mint and the delivery of the coin, it is generally 1 Grueber, op. cit.
The result is that the gold presented for coinage is almost always sent from the Bank of England, which suffers no loss of interest during the coinage of the bullion, because bank-notes have already been issued against it.
Silver bullion, and the copper, tin and zinc required to make up bronze, are bought by the Mint and manufactured into coin, which is kept in stock and issued as it may be required.
They kept the keys of the treasury and had charge of its contents, including not only coin and bullion but also the military standards and a large number of public documents, which in later times comprised all the laws as well as the decrees of the senate.
This only requires to be annealed and is then ready for cutting up, but the lump of glass by which the original globe was attached to the pipe remains as the bullion in the centre of the disk of glass.
The Java Bank, established in 1828, with headquarters at Batavia, is the only bank issuing notes, two-fifths of the amount of which must be covered by specie or bullion.
But of late years there has been an enormous influx of Anglo-Indian rupees, so that these have become practically the currency of the country, even to the frontier of China, and are now counted, instead of being valued as bullion.
The word appears in an English act of 1336 in the French form "puissent sauvement porter a les exchanges ou bullion.
Take the case of a stranded ship carrying a bulky cargo of hemp and grain, but carrying also some bullion.
He had already granted commissions to Morgan and others for a great attack on the Isthmus of Panama, the route by which the bullion of the South American mines was carried to Porto Bello, to be shipped to Spain.
That step, enabling the directors of the Bank of England to issue notes unsecured by bullion, had the effect of gradually restoring confidence.
With his passion for the uniform and the useful on a grand scale, he hoped by means of the Code Michaud to put an end to the sale of offices, to lighten imposts, to suppress brigandage, to reduce the monasteries, &c. To do this it would have been necessary to make peace, for it was soon evident that war was incompatible with these reforms. He chose war, as did his Spanish rival and contemporary OIivares~ War is expensive sport; but Richelieu maintained a lofty attitude towards finance, disdained figures, and abandoned all petty details to subordinate officials like DEffiat or Bullion.
In the month of September of that year he made himself famous, gained immense advantage for the Company, and inflicted ruinous loss on the Spaniards, by the capture of the fleet which was bringing the bullion from the American mines home to Spain.
The Spanish ships were outnumbered chiefly because the convoy had become scattered by bad management and bad seamanship. The more valuable part of it, consisting of the four galleons, and eleven trading ships in which the king's share of the treasure was being carried, became separated from the rest, and on being chased by the superior force of Heyn endeavoured to take refuge at Matanzas in the island of Cuba, hoping to be able to land the bullion in the bush before the Dutchman could come up with them.
Two identity thieves have been jailed for stealing £ 200,000 from Ricky Gervais which they used to try to buy gold bullion.
From the Dutch salvage vessel ' Holga Dane ' the quest to recover the remaining bullion was now on.
Bullion Van A passenger rated van designed to carry bullion Van A passenger rated van designed to carry bullion securely.
Thus if the merchants were in debt they could reduce the value of their debt by having more bullion turned into coins.
Instead, Santa Romana set up numerous front companies to launder the gold bullion secretly recovered.
I dont eat gold bullion in platinum sauce - Im just a regular joe!
Synopsis: Inside the strong room of the Prisoners ' Property Office, a consignment of stolen bullion.
In our listing we specify about three or more times that the item we are offering is an uncirculated bullion sovereign in mint condition.
bullion coins called Angels.
bullion robbery in Turin.
bullion sovereigns page.
bullion dealers, the method of sale chosen - auctions - is also ill advised.
bullion van, with associated security?
bullion gold Britannias every month, starting in January.
This fact alone makes them the only 1 ounce bullion coin worth considering.
Russian platinum Coins Platinum Bars In the UK, platinum bullion bars are subject to VAT, which remove much of their investment potential.
A huge block of gold bullion, located in a dozen western European centers was also on offer.
At that time, disposable wealth was usually held in the form of gold or silver bullion.
Bullion - Definition It might be best to start with a definition of the word bullion - Definition It might be best to start with a definition of the word bullion.
The Isle of Man also issue gold bullion coins called Angels.
They purchase the wire from a UK bullion dealer and it is certified.999 fine silver.
gold bullion coins called Angels.
Frank is waiting for his share in an old bullion heist - ' cept he's shot the other five in the meantime.
ounce bullion coin, to be sold at a very low premium over the intrinsic gold value.
ounce gold bullion Britannia with a face value of £ 100.
platinum bullion products and services to all class of investor, companies and institutions internationally.
Caine plays Charlie, a petty criminal who inherits the plans to a $ 4 million gold bullion robbery in Turin.
The coin and bullion held by the banks varies between 20 and 24 millions sterling and the note circulation is almost stationary at about 34 millions.
The bullion with about twice its weight of sulphuric acid of 66Ã‚° Be is placed in the pot, and the whole gradually heated.
Palpable precious metals are divided into subcategories: bullion and numismatics.
Gold in bullion form (bars, essentially) are almost always pure gold.
Find gold, silver, and platinum bullion bars for delivery!
Kitco - Bullion dealers site provides precious metal quotes, news and industry reports, charts and data, and a daily look at action in the stock market.
Buying and selling gold and silver bullion can diversify a portfolio and insure an individual against losses in markets such as real estate and bonds.
Of course, you must also consider what kind of gold and silver you're buying (American and Canadian bullion are widely considered the best, but others have different preferences).
For as little as $30, you can purchase an ounce of silver bullion, making it easy to start investing.
Buying gold bullion is a good investment if you plan on trading or selling the gold at a later date.
Gold is one of the most stable metals and investment opportunities available, so it makes sense that buying gold bullion is part of your financial portfolio.
Depending on what century you research the term bullion, you may find different meanings.
In the Middle Ages and into the 18th century, the word bullion usually meant uncoined gold or silver that was shaped into something usable.
As trade and gold supplies moved into the 20th century and beyond, bullion is simply used when referring to any gold or silver bars, coins or ingots.
When buying gold bullion, however, you will most likely be purchasing gold bars in order to get the best value in investment.
Determine how much you want to spend on buying gold bullion and whether you want to purchase gold bullion in the form of coins or bars.
Bullion Vault acts as your middle man and does earn a .08 percent commission if you sell the gold.
Whether you are reselling the gold or expect your children or grandchildren to resell the bullion, the certificate will authenticate the gold and make it easier on the sellers to negotiate prices.
Gold continues to be the most consistent investment that anyone can make and having the knowledge of buying gold bullion is the first step to making an informed purchase and avoiding gold scams.
The safest way to buy gold is to invest in gold bullion.
It is advisable to invest in investment grade gold bars, like those that you will find through the London Bullion Market Association.
Fringe - A little bit fussy, fringe in styles such as loop or bullion are popular in highly decorated rooms.
It looked close to a wedding dress with its white lace and elaborately ruched skirt embroidered with gold bullion.
Since the action is sometimes very violent, especially when the bullion is treated in the granulated form (it is steadier when thin plates are operated upon), it is found expedient to add the acid in several portions.
Wetzel, are: that money as coin may have more than its bullion value; that natural interest is determined by the rent of land valued at the sum of money loaned - an anticipation of Turgot; that high wages are not inconsistent with a large foreign trade; that the value of an article is determined by the amount of labour necessary to produce the food consumed in making the article; that manufactures are advantageous but agriculture only is truly productive; and that when practicable (as he did not think it practicable at the end of the War of Independence) state revenue should be raised by direct tax.
The collection of this bullion was at all times a main object with the Spanish government, and more especially so after the discovery of the great silver deposits of Potosi in Bolivia.
Congress had passed a law in 1878 requiring the treasury department to purchase a certain amount of silver bullion each month and coin it into silver dollars to be full legal tender.
At the same time expenditures were largely increased by liberal pension legislation, and the government's purchase of silver bullion almost doubled by the provisions of the new Sherman Silver Purchase Act of 1890.
The amount of gold in standard ounces (916.6 fine) corresponding to the " imported " bullion is thus ascertained, and on the application of the importer the gold is coined and delivered to him in the form of sovereigns and half-sovereigns at the rate of £3, 17s.
more profitable for the holder of gold bullion to sell it to the Bank of England or dispose of it in some other way.
Among the incidental operations are (a) the valuation of the bullion by weighing and assaying it; (b) " rating" the bullion, or calculating the amount of copper to be added to make up the standard alloy; (c) recovering the values from ground-up crucibles, ashes and floor sweepings (the Mint " sweep "); (d) assaying the melted bars; (e) " pyxing " the finished coin or selecting specimens to be weighed and assayed; (f) " telling " or counting the coin.
The proportion of rejected gold coin varies with the quality of the bullion, and frequently exceeds to %.
Forced contributions had been levied by both sides on goods or bullion, being European property, the reactionaries being the worst offenders; and there were numerous cases of murder and robbery of Europeans.
Another fund, of about 5,200,000, serves for the construction and armament of fortresses; while 6,000,000, known as the Reichskriegsschatzor war treasure fund is not laid out at interest, butis stored in coined gold and bullion in the Juliusturm at Spandau.
Bullion, and other Banks.
BULLION, a term applied to the gold and silver of the mines brought to a standard of purity.
argent en plate, vessel d'argent, &c."; and apparently it is connected with bouillon, the sense of "boiling" being transferred in English to the melting of metal, so that bullion in the passage quoted meant "melting-house" or "mint."
From the use of gold and silver as a medium of exchange, it followed that they should approximate in all nations to a common degree of fineness; and though this is not uniform even in coins, yet the proportion of alloy in silver, and of carats alloy to carats fine in gold, has been reduced to infinitesimal differences in the bullion of commerce, and is a prime element of value even in gold and silver plate, jewelry, and other articles of manufacture.
Bullion, whether in the form of coins, or of bars and ingots stamped, is subject, as a general rule of the London market, not only to weight but to assay, and receives a corresponding value.
It may well be that that operation must be regarded as done in the interest simply of the bullion itself, but that the subsequent operations of lightening the ship and floating her can only be properly regarded as undertaken in the common interest of ship, hemp, grain and freight.
But the bullion will not contribute; it will merely bear the expense of its own rescue (Royal Mail S.
After 1885 there was a gradual decline in the output, whose bullion value in 1908 was $250,986.
The table' on p. 602 shows the subsequent movement in value of imports from other countries to the United Kingdom, and of exports to other countries from the United Kingdom, at quinquennial intervals; bullion and specie being excluded.
The value of the cotton manufactures exported sank from L80,164,155 in 1872 to L67,641,268 in 1876; woollen fabrics from £38,493, The tables on p. 604 show the value of unregistered imports of golc_ _ nd silver bullion and specie from British possessions and from foreign countries into the United Kingdom, specifying the most important countries individually..
The values of imports and exports (including bullion, specie and re-exports) in pesos of 18d.
His first publication (1809) was The High Price of Bullion a Proof of the Depreciation of Bank Notes.
It gave a fresh stimulus to the controversy, which had for some time been discontinued, respecting the resumption of cash payments, and indirectly led to' the appointment of a committee of the House of Commons, commonly known as the Bullion Committee, to consider the whole question.
The following table shows the value for five years of the exports, and of all imports not reexported (exclusive of coin and bullion): - In 1910 the principal exports, in order of value, were wine (chiefly port, common wines and Madeira), raw and manufactured cork, preserved fish, fruits and vegetables, cottons and yarn, copper ore, timber, olive oil, skins, grain and flour, tobacco and wool.
The raw materials purchased by Flemish, German or English traders were used in the establishment of productive industries, while Portugal received a vast influx of bullion, most of which was squandered on war, luxuries or the Church.
As in the 16th century immense quantities of bullion were imported by the treasury, and were lavished upon war, luxury and the Church, while agriculture and manufactures continued to decline, and the countryside was depopulated by emigration to Brazil.
There can be no doubt that the use of the drug is opposed by all thinking Chinese who are not pecuniarily interested in the opium trade or cultivation, for several reasons, among which may be mentioned the drain of bullion from the country, the decrease of population, the liability to famine through the cultivation of opium where cereals should be grown, and the corruption of state officials.
Gold coin and bullion form one of the principal items in the export list, but only a small portion of the export is of local production, the balance being Queensland and New Zealand gold sent to Sydney for coinage.
On the 30th of June 1906 the coin and bullion in reserve amounted to £8,192,000 and the note circulation to £1,462,000.
per ton) is desilverized (see below); the matte (Pb =8-12%, Cu =3-4%, Ag = 3-10f the assay-value of the base bullion, rest Fe and S) is roasted and resmelted, when part of the argentiferous lead is recovered as base bullion, while the rest remains with the copper, which becomes concentrated in a copper-matte (60% copper) to be worked up by separate processes.
His plan was to replace coined gold dollars by " gold bullion dollar certificates " which should command such weight of gold bullion as might legally be declared to constitute a dollar at that particular time.
The external trade of the Russian empire (bullion and the external trade of Finland not included) since the year 1886 is shown in the following table: The exports rank in the following order :- cereals (wheat, barley, rye, oats, maize, buckwheat) and flour, 49.2%; timber and wooden wares, 7.2; petroleum, 5.8; eggs, 5.4; flax, 5; butter, 3; sugar, 2-4; cottons and oilcake, 2 each; oleaginous seeds, &c., 1.5; with hemp, spirits, poultry, game, bristles, hair, furs, leather, manganese ore, wool, caviare, live-stock, gutta-percha, vegetables and fruit, and tobacco.
The plus-silver is due to the fact that in assaying the base bullion by cupellation, the silver lost by volatilization and cupel-absorption is neglected.
In the United States the cost of desilverizing a ton base bullion is about $6.
Crown-glass has at the present day almost disappeared from the market, and it has been superseded by sheet-glass, the more modern processes described above being capable of producing much larger sheets of glass, free from the knob or " bullion " which may still be seen in old crown-glass windows.
Formerly bullion was melted in crucibles made of refractory clay, but they are liable to crack and require careful handling These were succeeded by iron crucibles, especially for melting silver, and these have now been generally replaced by graphite (plumbago) crucibles made of a mixture of clay and graphite.
Since 1825 the total product of lead refined from domestic ores and domestic base bullion was, up to the close of 1908, 7,091,548 short tons.
It holds its own, however, when base bullion contains bismuth in appreciable amounts, as in the Pattinson process bismuth follows the lead to be cupelled, while in the Parkes process it remains with the desilverized lead which goes to market, and lead of commerce should contain little bismuth.
The bullion left in the retorts is then melted in black-lead crucibles, with the addition of small quantities of suitable fluxes, e.g.
The bullion with about twice its weight of sulphuric acid of 66° Be is placed in the pot, and the whole gradually heated.
In large works the silver-lead alloy is removed when it contains 60-80 silver, and the cupellation of the rich bullion from several concentration furnaces is finished in a second furnace.
The word usage examples above have been gathered from various sources to reflect current and historial usage. They do not represent the opinions of YourDictionary.com.