Gold bar 1 troy ounce

The 1 troy ounce gold bars are the most common best alternative to gold coins. The 1 troy ounce size is the global standard in gold trading and the 1 troy ounce gold bar is always cheaper than a newly minted gold bullion coin. This is because the production costs for gold bars are lower than for gold coins. Because the production costs are lower, the gold bars are cheaper than coins of the same weight.

Buy gold bar 1 troy ounce

The 1 troy ounce gold bar has a weight of 31.101 grams and is struck in 99.99% pure gold. The unit of weight "troy ounce", also abbreviated as "oz" is a standard unit with which precious metal is weighed. The reason for this weight lies in the past and goes back to the development of uniform weight measurements.

There are several manufacturers that offer gold bars of 1 troy ounce pure gold. There may be small price differences, but the content and weight of the gold is identical. In addition to the regular gold bars from Umicore and C. Hafner, we also offer gold bars from Credit Suisse and Royal Canadian Mint, among others. Our range is subject to availability and market conditions.

Most of these gold bars come in a package that bears the unique serial number and which also serves as a certificate of authenticity. All gold bars come from recognized producers and are therefore easily tradable.

Price 1 troy ounce gold bar

The production cost for the 1 oz gold bar is lower than that of coins of the same weight. This is because gold bars are often made from gold jewelry or other recycled gold, and producing bar gold is a simpler process than minting gold coins.

If you want to invest in physical gold at the lowest price, consider choosing gold bars over gold coins. The advantage of the gold coins, however, is that they are slightly more tradable internationally and you get a better price for them when selling them back. So on balance it doesn't matter much. For larger purchase amounts you can also choose gold bars of 50 grams or 100 grams - then it will be considerably cheaper than buying gold troy ounce coins.

1 troy ounce gold coin bars

In addition to the usual gold bars of 1 troy ounce, we also offer coin bars. A gold coin bar is struck in 99.99% pure gold. The unique thing about a coin bar is that it has a nominal value. As a result, the gold bar is officially legal tender in the country of issue and can be used as currency there.

Because the gold value is higher than the face value, these coin bars are used as an investment in physical gold. The nominal value is therefore a symbolic value. The coin bars are often dedicated to an animal or the issuer of the gold bar, so a beautiful image is shown on the front of the coin, making such coin bars more interesting for collectors than the gold bars where the same design is always used.

Our buy-back guarantee

We provide a buy-back guarantee for all gold bars: If you want to sell your gold bar back in the future, we offer 98% of the gold price at that time for these gold bars. There are no conditions attached to the amount of gold bars you want to sell back to us.

Follow us

The Silver Mountain is active on the following social media channels:

Contact us

You can reach our customer service on working days from 9 a.m. to 5 p.m.

Newsletter

Be the first to learn about the latest products and news about precious metals.