10 oz Gold Bar Varied Condition, Any Mint
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10 oz Gold Bar Varied Condition Any Mint | As Low As
$29663.80
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Buying a 10 oz Gold Bar of varied condition and without a specific mint could seem a bit nerve wracking. However, it is the most cost-effective way to purchase a bar of this weight. Each of these bars weighs 10 troy ounces and has a purity of .999 or more.
Before we begin, you do need to realize that these bars have lightly circulated and may not be in mint condition. They may have nicks, abrasions, or scuffs that indicate usage. However, the condition of a bar is not as important as it might seem.
Bar Highlights
- 10 troy ounces
- .999 purity or greater
- Each 10 oz bar is shipped and packaged securely
- Most 10 oz gold bars have the refiner’s logo and purity/assay marks on their obverse.
- The reverse of 10 oz gold bars is usually simpler in design.
- Purchasing multiple bars may result in different manufacturers and different conditions
Does a bar’s condition affect its value?
In general, no.
Gold bars of any size derive the vast majority of their value from their gold content. Their design features are largely immaterial, as their prices stem from the weight of the bar multiplied by the current spot price for an ounce of gold.
Obviously, you’re not going to buy a 10 oz bar at exactly the spot price, though. Every dealer, online or retail, charges a premium on top of the spot price as compensation for connecting you with the gold bar refiners.
The only reason that a bar’s condition might make a difference on its value is if a large chunk is missing. The bar’s purity won’t decline, but a reduction in the total weight of the bar could result in a reduction of its value.
However, the dealers that we suggest on this page take great pains to ensure that the imperfections on its bars are cosmetic. None of them will send you a bar with a piece carved out of it.
Does it matter who made the bar?
Honestly? Not really.
The importance of a refiner’s name on the value of a gold bar decreases as its size increases. Simply put, fewer refiners can create gold bars in multiple weight classes - especially those that weigh 10 ounces or more.
The result is that, as a percentage of price, the differences between these bars and “name-brand” bars are negligible. The value of the pedigree of a bar pale in comparison to the value of the actual amount of pure gold that the bar contains.
With that said, there are a few major refiners that produce a 10 oz bar, including:
- Valcambi
- Perth Mint
- PAMP Suisse
- Credit Suisse
- Engelhard
- Johnson Matthey
If you are looking for value within brand reputation or rarity, however, your best bet would be to grab either Engelhard 10 oz bars or original Johnson Matthey bars. Both of these producers are now defunct, and their products do have some cachet as collectors items. Whether that cachet will translate into increased value, however, is hard to say - it might just be a neat conversation piece (along with also being a 10 oz bar of gold).
Why should someone buy a varied condition bar?
You should consider buying one of these bars if you fall into a few investor categories. Please note that these categories assume that you have the money for an investment this size, however. If you’re just starting out and/or you don’t have the free cash to use for investing, then you might consider buying a 1 oz varied condition bar instead.
One type of investor to buy this type of bar would be a frequent investor. If you are a serious investor who plans on making regular purchases, this type of bar (or bars) would be ideal for you, as the 10 oz Gold Bar (Varied Condition, Any Mint) is the most consistent option at the bottom of the price spectrum. Sales may come and go, but you can count on never having to pay more for a bar - relatively speaking.
The other type of investor is in a similar group and may overlap with the first group quite a bit. These folks are trying to build up their gold stores any way that they can. Thus, the condition and provenance of the bar is of little to no importance to them - the acquisition of pure gold weight is what matters.
Now, some investors do have preferences when it comes to the mints from which they buy. There’s nothing wrong with that - there's security in a trusted resource. So, this type of purchase might not work for them.
Other investors might want their gold to be aesthetically pleasing and to shimmer with the gleam of a new bar. If you’re in that group, you’ll probably want to look for one of the untouched bars from specific mints.
Where to buy 10 oz Gold Bars (Varied Condition, Any Mint)
The 10 oz gold bar is the most popular bar weight to buy after the 1 oz bar. Thus, you can find options for them with many different online outlets. However, here are our picks for the best places to shop:
- 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 dealer for 1 oz gold bars. 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.