1 oz Perth Mint Cast Gold Bar
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1 oz Perth Mint Cast Gold Bar | As Low As
$2995.38
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The 1 oz Perth Mint Cast Gold Bar is one of the best and least expensive ways to dive into the world of gold bars. The bar features 1 troy ounce cast in .9999 fine gold. It also bears the unassailable reputation of Australia’s sovereign mint.
Key Features of the 1 oz Perth Mint Cast Gold Bar (New)
- Contains 1 troy ounce of pure gold
- Bar is cast in square or “biscuit” shape
- The Perth Mint swan logo is the only image on the obverse
- Mint and purity information is stamped into a circular incuse impression
- Each bar is encased in an individual plastic sheath
Specifications
Biscuit Bar
This bar does not look like most bars due to its shape. Where most gold bars are rectangular and thin, the 1 oz Perth Mint Cast Gold Bar is poured into a rounded square shape. This shape is sometimes called a “biscuit” due to its resemblance to the breakfast item.
It is also much thicker than a standard 1 oz gold bar. Where most 1 oz bars have a thickness of around 1.5 mm, this bar is a whopping 5 mm thick. As such, it does not have the same amount of real estate for engravings and designs.
Obverse
The obverse, or front, of this bar features the recognizable logo of the Perth Mint. The circular swan design is iconic, and on this bar, it is slightly raised from the flat surface of the bar. Thus, the obverse on this bar is a small dome.
Reverse
The reverse, or back, of the bar is both utilitarian and striking. The usual language about the make, weight, and purity of the bar appears stamped into the bar.
However, the markings are the second “level” of stamp on the reverse. The Perth Mint has chosen to indent the back of the bar with a circular shape, then add the identification information inside the circle.
1 oz Perth Mint Cast Gold Bar (New) Pricing and Premiums
The 1 oz Perth Mint Cast Gold Bar is one of the least expensive 1 oz bars on the market. The only bar(s) that are consistently cheaper are bars of varying mints and conditions. This bar represents one of the first bars from a dedicated and identified refiner.
Part of the bar’s affordability stems from its production process. Casting a bar of gold requires pouring an amount of molten gold into a mold and allowing it to cool. This process is the older of the two main ways to make gold bars and is less expensive than the minting process. Thus, cast gold bars like this one tend to bear lower premiums than their minted counterparts.
Compare prices on other 1 oz gold bars
Now, the other bars on the same price tier as the 1 oz Perth Mint Cast bar are no slouches themselves. They are entry-level products for some of the world’s top producers, and any one of them would be a fine addition to a gold stack. All of them offer a troy ounce of .9999 fine gold.
These similarly priced bars include:
- 1 oz Valcambi Gold Bar (New w/Assay)
- 1 oz (RCM) Royal Canadian Mint Gold Bar (New w/Assay)
- 1 oz Sunshine Gold Bar (New w/Assay, MintMark SI)
Of these bars, the bar from the Royal Canadian Mint stands out as the most comparable to the 1 oz Perth Mint bar. It is also the product of a sovereign mint - Canada, instead of Australia - and is regarded with similar reverence for its purity and quality.
Where to Buy the 1 oz Perth Mint Cast Gold Bar
The 1 oz Perth Mint bar is a common item. The combination of its appearance and its provenance make it a popular choice for many different types of investors. So, you can find this bar through most reputable dealers. However, within the crowd of precious metals outlets, a few sites stand apart as a step ahead of the rest.
- JMBullion.com - JM Bullion is the cream of the crop. It has sold billions of dollars of gold, silver, and other precious metals. There are nearly 400k positive reviews or testimonials on the site from its loyal customers.
- ProvidentMetals.com - Provident Metals sees precious metals as a key to a brighter future. It has completed millions of precious metals orders and has a stellar 4.9-star rating from Google reviews.
- BGASC.com - BGASC is an acronym for “Buy Gold and Silver Coins.” Despite the name, BGASC is also a top 1 oz gold bars dealer. It maintains an A+ rating from the Better Business Bureau and has hundreds of four- and five-star reviews from Google users.
- Silver.com - Silver.com is an excellent and well-respected online bullion dealer. Despite its name, you will find a wide selection of gold bars on the site. Any orders over $199 qualify for free shipping, and Silver.com insures all of its shipments until you verify that you’ve received them.
Investor Considerations and Appeal
As we mentioned, the 1 oz Perth Mint Cast Gold Bar is a popular gold bar. It has broad appeal for both new and experienced investors - though for different reasons.
New investors will be drawn to this bar's unusual appearance. Most gold bars, especially at this level, are made as rectangular bars, not biscuits. This bar has a different look than others, and it may have some cachet among casual investors.
The great thing is that it is not a bad purchase for any investor. Experienced investors know that Perth Mint products mean quality and authenticity. They can buy this product and feel confident that they have a reliable piece.
The only downside for investors might be a small logistical one. Because these bars have such a different shape, they might present an issue with respect to storing them alongside other types of gold.
Perth Mint Details
The Perth Mint is one of the oldest precious metals refiners in continuous operations. It has been producing shiny products since 1899.
The Perth Mint predates Australia as a sovereign nation. It is a holdover from the British colonial era and is the last of three Australian branches of the British Royal Mint. It now acts as both a producer of bullion products and a supplier to the Royal Australian Mint, which produces the country’s coinage.