Bullion bars represent one of the most cost effective ways of purchasing physical precious metals. The Perth Mint manufactures a range of gold and silver bars in varying sizes from 1/2oz to 1,000oz.
The 1kg gold, 400oz gold and 1,000oz silver bars are stamped with the AGR Matthey or Perth Mint mark and include a serial number. The other smaller bars are stamped with the Perth Mint Swan mark and are not numbered. Both marks are recognised by the LBMA.
The AGR Matthey stamped bars are primarily manufactured for industrial and wholesale purposes, and are therefore not distributed or retailed like coins. The Perth Mint stamped bars are generally only available in Australia. However, as both marks are internationally recognised, they can usually be traded internationally without the need for assay.
The Perth Mint also produces two ranges of minted bars. These bars come in 1g, 2g, 2.5g, 5g, 10g, 20g, 1oz, 50g and 100g sizes. Representing an exceptionally convenient way to store physical gold all minted bars are priced at a dollar premium over metal.
The first range is The Perth Mint Minted Bars, featuring the Black Swan Logo packaged in a green display card. The weight and purity is displayed on the bar.
The second range is The Perth Mint Oriana Bars, depicting the golden-haired goddess Oriana, whose name is often associated with Queen Elizabeth I. The origin of the name Oriana is linked with several early European languages, including Latin (sunrise), Celtic (blond) ans Spanish (gold). The other side of the bar depicts the Black Swan Logo. Each Oriana bar is blister-packed on a colourful display card.
While the fabrication cost of bars is generally lower than coins, if portability and international tradability is important to you we suggest you consider our bullion coins because:
- The wider distribution network of coins means they are more recognised. Alternatively, check with bullion dealers in the country you plan to visit to see if they are familiar with the AGR Matthey and Perth Mint marks.
- In some countries bars are taxable whereas legal tender is not. Since Perth Mint coins are legal tender, this can be a significant cost advantage when importing.
- When selling, the highly finished surface and milled edge serrations of a coin can make less knowledgeable bullion dealers more comfortable with coins than bars.
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