Bullion vs. Ingot — What's the Difference?

Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver.

An ingot is a piece of relatively pure material, usually metal, that is cast into a shape suitable for further processing. In steelmaking, it is the first step among semi-finished casting products.

Gold or silver considered with respect to quantity rather than value.

A mass of metal, such as a bar or block, that is cast in a standard shape for convenient storage or shipment.

Gold or silver in the form of bars, ingots, or plates.

A casting mold for metal.

A heavy lace trimming made of twisted gold or silver threads.

A solid block of more or less pure metal, often but not necessarily bricklike in shape and trapezoidal in cross-section, the result of pouring out and cooling molten metal, often immediately after smelting from raw ore or alloying from constituents.

A bulk quantity of precious metal, usually gold or silver, assessed by weight and typically cast as ingots.

(transitive) To form (scraps of metal) into ingots.

(obsolete) Base or uncurrent coin.

That in which metal is cast; a mold.

(obsolete) Showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc.

A bar or wedge of steel, gold, or other malleable metal, cast in a mold; a mass of unwrought cast metal.

(obsolete) A heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.

A block of metal that is cast in a particular shape for convenient handling

Uncoined gold or silver in the mass.

Base or uncurrent coin.

Showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc.

Heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.

A mass of precious metal

Gold or silver in bars or ingots