British Royal Mint Brings Back Gold, Silver Bars After 47-Year Absence
After a nearly 50-year hiatus, the Royal Mint announced on Wednesday its intention to offer gold and silver bars bearing the mint’s historic refinery brand. “The Royal Mint is to bring about the return of a world-renowned bullion brand after an absence of 47 years, expanding its bullion range to offer gold and silver minted bars bearing the historic marquee of The Royal Mint Refinery,” said the mint in a press release.
The RMR brand dates back to 1852 and was operated by N.M Rothschild and Sons, the mint said, adding that the brand became a trustworthy name in the bullion market until 1968.
“The combined heritage and integrity of the two brands is an added reassurance to customers looking for a cost effective way of buying gold and silver from a trusted source.”
The mint will offer an array of bars to the public. They added that the gold bars, in particular, are exempt from the value-added tax for British citizens purchasing the product.
“[The bars] are produced in 999.9 fine gold and 999 fine silver, silver minted bars are available in One Hundred Gramme units,” they said, adding that gold minted bars will be in a variety of sizes, ranging from 1g to 100g units.
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