Gold bars are typically the lowest gold buying price option when investing inphysical gold bullion. The most popular gold bar sizes are the1 oz gold bar, 10 oz gold bar, and 1 kilo gold bar. Thegram gold bars are also popular amongst our customers.
Gold bars can be minted from government mints like the Royal Canadian Mint (RCM) or private mints such as the highly recognized Sunshine Minting Inc. Buying gold bars is a popular investment for both new and experienced physical precious metal investors and long term gold bullion savers.
Buying Gold Bars? | Why Our Customers Often Choose 1 oz Gold Bars
Most gold investors purchase gold bars instead of gold bullion coins when they are looking to acquire the most gold ounces for their capital. Gold bars typically do not carry any collectible value and their purchase price is heavily dependent on the producer, its purity and overall weight. In other words, their value is mostly based on their gold content.
On the other hand, gold coins like the American Gold Eagles, are made by a government mint,they have a face value, and thus, are legal tender. In addition, due to their unique designs and symbolism, gold coins have a semi-numismatic value, which usually adds to their price per ounce of gold.
Given the instability of stock markets, more and more people are turning to precious metal investments, therefore the 1 oz, or even smaller gold bars (such as the PAMP Suisse 1 gram gold bar), are getting wildly popular because they are easy to source, do not constitute a big first purchase and most of them carry the stamp of .9999 pure gold.
Gold Bars: Government Gold Mints vs Private Gold Mints?
One of the most frequently asked questions is "What gold bar should I buy?" In addition to the size of the bar having an impact on overall price and premium above the fluctuating gold spot price, the gold bar's mint may also affect its pricing slightly. When you decide to sell your bars back to a gold bullion dealer, highly recognizable government minted bars may sell for a few dollars more than the ones from a less recognizable private mint.
Much like a gold coin, a gold bullion bar guaranteed and produced by a sovereign national mint, such as theRoyal Canadian Mint (RCM), will typically have a higher premium or slightly higher price when buying, but will also typically receive a higher buyback premium when you sell them back to dealers or other investors.
Similarly, a gold bullion bar from a highly recognizable private mint (such as PAMP Suisse) may sell for a slightly higher premium than a smaller less recognizable private mint. Live buyback prices for gold bars can be found online on the corresponding product page.
Price difference between Government and Private Mints
Since gold bars are mostly traded based on their .999 fine pure gold content, the difference between a highly recognizable gold mint versus a smaller less recognizable one is typically only a few dollars per troy ounce being bought or sold. The most important factors influencing gold bar prices remains the purity and the weight of the gold bar. Virtually all the gold bullion bars we carry are also allowed inside ofGold IRA's .
Popular Gold Bars
Gold bars for sale can come in different designs. Some of them are so popular that the precious metal industry sees them as symbols of excellence. Others represent only limited-time offers. Below, you'll find the most popular gold bullion bars among our customers:
When talking about gold bar designs, the PAMP Fortuna gold bar is the cream of the crop when it comes to attention to detail. Every single bar features Fortuna - the Roman Goddess of fortune. PAMP Fortuna bars can weigh as little as 1 gram (0.032 Troy oz) and as big as 1 kilogram (32.15 Troy oz) of 99.99% fine gold content.
PAMP Suisse Cast Bars
Despite these gold ingots having no specific designs of their own, PAMP Suisse’s logo engraved on them is enough testament of their high quality. They are usually available at 50 grams or 100 grams with .9999 fineness and could make for a great addition in your investment portfolio.
Credit Suisse Gold Bar
Credit Suisse gold bars might have a simple design - just the company's logo on the obverse side - but they stand in high regard across collectors around the globe. Valcambi, one of Switzerland's most well-known precious metals refineries, produces Credit Suisse gold bars.
Speaking of Valcambi, you can't go wrong with its dazzling CombiBar. The most common option is the 50-gram (1.60 Troy oz), 999.9 purity. The rectangular bar is sold as one 50-gram gold bar, but it can also be split into 50 individual 1-gram bars. Valcambi's brilliant technology makes sure there's no loss of purity or gold content when separating them.
Royal Canadian Mint Gold Bar
If you're looking for gold bars, the Royal Canadian Mint is one of the very few sovereign mints that issues such products. Its 999.9 purity is a phenomenal value for the savvy gold investor. On the bar, you'll find the mint's maple leaf logo, together with its name in both English and French.
Sunshine Minting Gold Bar
The Sunshine Mint is one of the most prominent private mints in America. The gold bar's obverse side features the firm's popular logo - an American bald eagle in flight, with sunshine behind it.
Perth Mint Gold Bar
As one of the most highly accredited refiners worldwide, the Perth Mint seduces you with an unmatched combination of choice, design, and quality. You'll easily recognize the gold bar by its logo - a jumping kangaroo on the reverse side.
It is worth mentioning that the Perth Mint also produces a simple square-shaped, yet awe-striking, 1 ounce .9999 fine cast gold bar.
Most Popular Weights of Gold Bars
1 Troy ounce and 10 Troy ounce bars are the most common weights of gold bars bought by investors. Gold buyers also often purchase 1-kilogram (32.15 Troy oz) bars.
That's because the weight, in combination with the singularity of a product - a single 32-troy-ounce bar instead of 32 individual 1-troy-ounce ones - gives them a better gold bar value when considering the price of gold per oz in a singular 1-kilogram bar.
Having said that, gold bars come in many more varieties than other precious metals like silver or platinum, for example. You can find gold bars for sale in the following weights:
- ½ gram (0.016 Troy oz)
- 1 gram (0.032 Troy oz)
- 2 grams (0.064 Troy oz)
- 5 grams (0.16 Troy oz)
- 10 grams (0.32 Troy oz)
- 1 Troy oz
- 50 grams (1.60 Troy oz)
- 100 grams (3.22 Troy oz)
- 5 Troy oz
- 250 grams (8.04 Troy oz)
- 10 Troy oz
- 500 grams (16.08 Troy oz)
- 1 kilogram (32.15 Troy oz)
Buying Gold Bars and the Gold Spot Price
The gold bar price will always be determined by thegold price today as well as the premium for the specific product you are purchasing. These two numbers combined will equal the total amount for that product. While each item carries a different or unique premium price (the dealer sets this based on premiums received from wholesalers) the gold spot price is a third party price set by the markets where all dealers trade on.
Buy gold bars at the lowest price guaranteed with fast discreet delivery any time here at SD Bullion.
At SD Bullion, we believe in doing business the old-fashioned way. World class products, the best bullion prices, with industry-top customer service. Thank You to our now 100,000+ customers who have made the switch to SD Bullion.