South Africa were the pioneers in the "bullion coin" concept. You can tell that krugerrands were "early concept", because they retained a key component of circulating gold coins: they were .900 fine, rather than .999. The Mexican Libertad is another early example of a gold bullion coin. And krugerrands and Mexican onzas are unique in not having a fixed legal tender "denomination", per se, but being "denominated" in troy ounces, and their legal tender value fixed to the London spot price of gold.
The krugerrand was launched in 1967, the onza in 1981.
The only other "early bullion coin" not yet mentioned was the Austrian 100 corona dated 1915, which is still being struck bearing that date. More like a "restrike trade coin" than a proper "bullion coin" - kind of like the gold equivalent of the Maria Theresa Thaler. However, it too was issued in .900 fine gold, and to an odd amount of almost, but not quite, 1 troy ounce of fine gold (0.9802 ounces, or just slightly more than a USA double-eagle).
The "silver bullion coin" was much slower to take off; it was considered too cheap and bulky to be worth stacking, compared to gold. And there were still plenty of old silver coins to be found, for those of the minority who did want to store silver coin. I think here the Mexicans were first, with their silver Libertad in 1982.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis