Bullion and precious metal collecting have been around for thousands of years. The first recorded use of gold coins as currency dates back to 700 BC in Lydia, a region of what is now modern-day Turkey. Gold and other precious metals were used as currency in many ancient civilizations, including the Greeks, Romans, and Egyptians.
During the Middle Ages, gold and silver coins were widely used in Europe, and the first gold coins were minted in England in the 16th century. As trade expanded, so did the use of precious metals in commerce. In the 19th century, the California Gold Rush and other major discoveries of precious metals led to a surge in gold and silver production, which further popularized bullion and precious metal collecting.
Today, bullion and precious metal collecting remain popular among investors and collectors alike. Bullion refers to coins, bars, and other forms of precious metal that are valued primarily for their metal content, while numismatic coins are valued for their rarity and historical significance. Many people collect both types of coins, and the market for bullion and numismatic coins is constantly evolving.