Perth Mint 10 oz Gold Bars Overview
If you are looking to buy gold bars with reasonable premiums and superior quality, then the Perth Mint 10 ounce gold bar may be an excellent choice. The Perth Mint of Australia is known as one of the finest refiners of gold bars in the world, and this 10 ounce gold bar exemplifies their commitment to quality and craftsmanship.
Gold Bar Highlights:
Contains 10 troy ounces of .9999 fine gold
Produced by the world famous Perth Mint
May be IRA account eligible
Perth Mint logo and kangaroo designs
These visually stunning 10 ounce gold bars from the Perth Mint feature a sleek design. The bar’s obverse features the Perth Mint logo as well as the bar’s purity and weight. The bar’s obverse features a repeating kangaroo design. The bar has additional detail around its outer edge, and is easily stacked.
The bar’s 99.99% purity make it one of the finest gold bars anywhere in the world. Because it is fabricated by one of the world’s finest mints, you can buy these gold bars with confidence in their quality.
The Perth Mint opened in the year 1899. It made sense to open a mint after the rich gold deposits of Coolgardie and Kalgoorlie were discovered. The Perth Mint was the third Australian branch of Great Britain’s Royal MInt. The two other branches were located in Sydney and Melbourne, and both of those locations are now closed.
Prospectors took their gold to the Perth Mint to have it refined minted into gold coins. The original location of the Perth Mint stayed active until 1990, at which time the mint moved into a new, modern location in the eastern suburbs of the city.
The Perth Mint remained under British jurisdiction until 1970, at which time ownership of the mint was transferred to the Government of Western Australia. In 1987, the Perth Mint, under an agreement with the Commonwealth Treasury, was empowered to both mint and market gold, silver and platinum Australian coinage to investors and collectors all over the globe.
Some of the most popular coinage produced by the Perth Mint today includes the Australian Silver Kookaburra series and the Australian Silver and Gold Lunar Coin series.
If you are looking to get more bang for your buck, then the 10 ounce gold bar size may be a good choice. Premiums on gold bars may potentially be lower with higher weight bars, as the costs associated with fabricating a 10 ounce bar versus a one ounce bar are not significant.
Because these bars are minted using .9999 fine gold, they may be eligible for purchase within an IRA account. Check with your tax advisor prior to purchase, as there are very specific guidelines that must be adhered to for purchasing precious metals within an IRA account.
With their rectangular shape and size, these ten ounce gold bars may be stored at home in a safe, in a safe deposit box or in the depository of your choice.