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bullion

地金　—　Measuring

Metal that has stopped being a coin.

Clipped 4 Reales Clipped 4 Reales16th century Cob eight reales (macuquina) Cob eight reales (macuquina)17th century (reign of Philip IV) Free Imperial City of Frankfurt, One Thaler, 1772 Free Imperial City of Frankfurt, One Thaler, 17721772
A photograph of the real thing this term names.

A coin, when melted, returns to bullion. The moment it becomes more profitable to sell it as bullion, the coin disappears from the market. Its destination is usually a melting pot or a foreign country.