For 4000 years precious metals (gold and silver) have been used in the form of coins and bars, as exchange and payment means. They have not had to accept any material loss of value or meaning. Modern gold coins and gold bars are characterized by the characteristics of weight in grams, fineness and the manufacturer. However, a nominal value is not mentioned, as is usual with gold coins and silver coins. Today, gold bars from Feingold serve as a financial investment, which can be easily traded. They are regarded above all as a crime-proof value store.
Gold Bar – Manufacturing
For small gold bars, blanks are cut from a gold plate. Subsequently, the top and possibly the underside are embossed. For larger bars, the manufacturers melt in a mold a precisely weighed quantity of fine granulate. These bars have the typical concentric solidification rings on the upper side and somewhat coarser surfaces on the sides as well as on the ground. The production costs of bars are lower than those of coins, which is why cheaper gold bars are usually cheaper compared to investment coins.
Trading of gold bars
For private investors, gold, as an investment in precious metals, is very interesting. Particularly modern bars with a weight of only one gram, up to one kilogram are popular, with the production costs being smaller for smaller bars (up to 20 grams). You can buy a gold bar from 48 Euro (1 gram). Tradeable bars correspond to certain standards. In addition to the individual serial number, some fine ingots have additional additional safety features. At 1 ounce of gold (31.1 grams), however, the coin is preferred to the bar. The Euro-Vienna Philharmonic 2016, for example, is a classic investment coin made of gold.
The advantages of tradable gold bars are the lower initial charge for larger bars compared to coins. Also no VAT has to be paid.
Look for good-delivery manufacturers when purchasing gold bars!
To ensure that you do not experience any unpleasant surprises when selling your silver and gold bars, be sure to purchase bars from a Good Delivery manufacturer. In Austria, the “Münze Österreich” exclusively sells such products, but there are of course also bars of renowned international manufacturers, such as from Switzerland (Argor Hereus), Germany or Italy recommend.
Reputable manufacturers whose gold bars are purchased at reasonable prices from almost all banks and precious metal traders worldwide can be found on the so-called “Good Delivery” list of the London Bullion Market Association (LBMA). These manufacturers are regularly reviewed by independent companies and are repurchased by all banks worldwide. These manufacturers are available not only in Europe but worldwide (eg Perth Mint in Australia). There are also bar producers without the coveted “Good Delivery” license. These types of gold bars are coined or poured by a variety of vestibules themselves and are not purchased by most banks, although they have the same fineness or quality as those of Good Delivery’s manufacturer. In Austria and Germany, non-certified bars are even more common. Few merchants, especially gold merchants, also buy these bars. However, you must accept higher discounts from the material value.
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Bars of a manufacturer
Without good-delivery certificate
(Bar of an Austrian Scheideanstalt)
Gold Bar as Collector
Rare and historic gold barren shine the eyes of numismatics and barrens collectors. For gold finds, for example from sunken ships, regularly high bids are given at auctions. These collection bars, which are usually unique, are very expensive and, on the other hand, their actual value is often difficult to determine.
You would like to buy gold coins or gold bars, or have a look at silver? Please contact us at any time or visit us in one of our branches in 1090 and 1220 Vienna. You do not need an appointment for this.