In its usual acceptation, is uncoined gold or silver, in bars, plates, or other masses. 2. In the acts of Congress, the term is also applied to copper properly manufactured for the purpose of being coined into money. For the acts of Congress, authorizing the coinage of bullion for private individuals, see Act of April 2, 1792.
Law Dictionary – Alternative Legal Definition
Gold and silver intended to be coined. The term is usually applied to a quantity of these metals ready for the mint, but as yet lying in bars, plates, lumps, or other masses; but it may also include ornaments or dishes of gold and silver, or foreign coins not current as money, when intended to be descriptive of its adaptability to be coined, and not of other purposes to which it may be put. Hope Min. Co. v. Kennon, 3 Mont. 44; Thalheim v. State, 38 Fla. 169, 20 South. 938; Counsel v. Min. Co., 5 Daly (N. Y.) 77. Bullion fnnd. A fund of public money maintained in connection with the mints, for the purpose of purchasing precious metals for coinage.