| For the sake of simplicity, “gold” in any of the definitions below can be replaced with silver, platinum, or palladium. 1. Ingot: A mass of metal formed into a convenient shape for shipping, storing, or further processing. Ingot and bar may be used interchangeably in regards to precious metals.
2. Bullion: Precious metals in the form of bars, coins, or other ingots. Not to be confused with bouillon, the French word for broth. 3. Circulated/Uncirculated: Circulated coins have been used as currency by the public, and uncirculatedcoins have not. Uncirculated coins are usually in much better condition than circulated ones...............................................Full Article: Source
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