What’s the difference between bullion coins and bullion bars?

Bullion coins are struck by government mints, carry a face value (though far below their metal value), and feature recognizable designs that make them easily identifiable and liquid. They typically command slightly higher premiums over spot price due to minting costs and their status as legal tender. Bars, produced by both government and private mints, generally have lower premiums, making them more cost-efficient for larger purchases. However, bars may require assay verification when selling, while recognized coins typically don’t. Coins offer more flexibility for partial liquidation since you can sell individual pieces, whereas large bars must be sold whole.