Iconic for centuries, gold bars have represented wealth among individuals. Stored in vaults and traded for ransom, gold bars have a colorful past that creates a different story for every person. However, if you’re looking to buy gold bars, be prepared to face a variety of options. As the saying goes, there’s more than meets the eye, and knowing what is meeting the eye is crucial when looking to buy gold bars. Here at Boston Bullion, we can provide you with the bullion you seek as well as the fundamental information you should know.
Also known as gold bullion or gold ingot, a gold bar is formed by pouring molten metal into molds. However, smaller bars may be manufactured by minting or stamping from rolled gold sheets. Either way, when looking to purchase gold bars, you should only consider ones with certain features. These features include the name of the manufacturer and the weight and purity percentage of the bar. Both of these pieces of information should be stamped onto the bar’s face and easily seen.
Some of the most popular mints that produce gold bars include the Royal Canadian Mint, Perth Mint, The Royal Mint, and Valcambi. Each of these manufacturers provides gold bars in a variety of weights ranging from 1 gram to 400 ounces.
Because of the popularity and desire to own gold bars, certain measures have been taken to avoid counterfeited or the sale of stolen bars. The most common of these measures is branding the bars with registered serial numbers and provide investors with a certificate of authenticity.
Ever wonder about the world’s largest gold bar? Well, look no further, as it lies within the Toi Gold Museum. The museum is located in Japan next to the Toi gold mine. Host not only to the gold bar, but to the official Guinness record certificate as well.
The gold bar weights approximately 551 pounds and stands nearly 7 inches tall. As of May 2019, the bar was estimated to hold a value of US $3,684,000.00. Manufactured the Mitsubishi Materials Corporation, the bar draws the attention of millions each year.
If you’re looking to buy gold bars, contact Ken at Boston Bullion. As a premier coin shop in the Boston area, Boston Bullion can help you locate the bullion to you seek for your collection. Call today to schedule your appointment (781) 710-8419.