> For the complete documentation index, see [llms.txt](https://docs.globalgold.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.globalgold.finance/global-gold-1/global-gold-tokens/global-gold-coins/what-is-a-global-gold-coin.md).

# What Is a Global Gold Coin?

A Global Gold Coin is a specific, physical bullion coin held in an approved vault and represented on-chain by a Conditional Claim NFT.

Each coin is:

* Fully allocated
* Individually identifiable by type, year, mint, and specifications
* Held free and clear (non-hypothecated, unencumbered)
* Governed by Global Gold Council–approved eligibility standards

Unlike pooled or account-based representations, Global Gold Coins correspond on a 1:1 basis to identifiable physical coins, with ownership and settlement governed through conditional claim processes.