10g Multigram Gold Bar

PAMP Suisse's Divisible Gold Investment

The 10g PAMP Suisse Multigram gold bar is not a single 10-gram bar in the traditional sense. It is a sheet of smaller PAMP bars, sealed together in a single CertiPAMP assay card, with a combined gold content of 10 grams at .9999 fineness. The Multigram concept allows the owner to snap individual bars off the sheet as needed, with each piece retaining its own sealed certification, serial number, and full PAMP provenance. This makes it one of the few gold products that can be partially liquidated without losing authentication on the remaining portion.

PAMP introduced the Multigram format to solve a specific problem in the small-bar market. Buying individual 1g or 2.5g bars from PAMP carries steep fabrication premiums per gram, because each bar requires its own CertiPAMP packaging and Veriscan registration. The Multigram format batches those bars into a single production run and package, reducing the per-gram cost while keeping each unit independently certified. For buyers who want the flexibility of fractional gold, specifically the ability to gift, trade, or sell a single gram at a time, the Multigram is purpose-built for that use case.

The bars within the sheet carry the Lady Fortuna design, PAMP's signature motif depicting the Roman goddess of prosperity. Each individual piece functions identically to a standalone PAMP bar of the same weight and can be verified through Veriscan, PAMP's proprietary anti-counterfeiting system that maps the microscopic surface topography of each bar. Among 10g gold bars, the Multigram stands alone in offering built-in divisibility from an LBMA-accredited refiner.

Multigram Formats and Technical Details

The Multigram product line includes several configurations. The total gold content of the sheet determines its category, and the 10g designation covers any combination that sums to 10 grams of .9999 fine gold. The primary formats are the Multigram+25 and Multigram+12 (which use 1g bars), though the 10g total can also be reached through a portion of the Multigram Portfolio configuration.

Each bar within the sheet is scored to allow clean separation. When snapped off, the individual piece remains sealed in its own portion of the CertiPAMP card, with its serial number, assay details, and Essayeur Fondeur stamp intact. Dealers accept separated Multigram bars identically to standalone PAMP bars of the same weight.

Tax Position for Multigram Gold Bars

The Multigram's .9999 purity and LBMA-accredited origin place it firmly within the investment gold category across all major markets. There are no unusual tax complications specific to the divisible format; each separated bar is treated as a standard gold bar for tax purposes.

• United Kingdom: VAT-exempt as investment gold (bars of .995+ purity). Not legal tender, so profits above the annual CGT allowance (currently £3,000) are taxable at 18% or 24% depending on the seller's income bracket. The 1/10oz gold Britannia offers CGT exemption at a comparable fractional size, though at a higher premium.
• United States: No federal sales tax. State exemptions vary. IRA-eligible, as .9999 purity from an LBMA-accredited refiner meets IRS Section 408(m) requirements. Must be held by an approved custodian.
• Canada: Exempt from GST/HST as gold bullion of .995+ purity. RRSP and TFSA eligible.
• European Union: VAT-exempt as investment gold under EU Directive 98/80/EC.
• Australia: GST-free as investment-grade gold (.995+ purity).
• Singapore: GST-exempt as Investment Precious Metal (IPM).
• Hong Kong: No sales tax, no import duty, no capital gains tax.

The fractional nature of the Multigram has a practical tax implication in jurisdictions with capital gains thresholds. In Canada, the Listed Personal Property rule means individual bars sold for under $1,000 CAD each may not trigger any capital gains reporting, which is straightforward to achieve when selling single grams.

Multigram vs Valcambi CombiBar and Standard 10g Bars

The Multigram's closest competitor is the Valcambi CombiBar, which uses the same snap-apart concept. Valcambi, also an LBMA-accredited Swiss refiner, produces CombiBar sheets in various configurations including 10 x 1g and 20 x 1g formats. The CombiBar lacks PAMP's Veriscan digital authentication but typically trades at a lower premium per gram. For buyers prioritising cost, the CombiBar delivers the same divisibility at a better price. For those who value digital authentication and the Lady Fortuna brand recognition, the Multigram justifies the premium difference.

Compared to a standard 10g PAMP Suisse gold bar (a single solid bar in a CertiPAMP card), the Multigram trades at a higher premium because of the additional fabrication and certification of each sub-bar. The standard 10g bar makes more sense if the buyer intends to hold the full 10 grams as a single unit and sell it whole. The Multigram makes sense only if the divisibility is genuinely useful: gifting individual grams, incremental selling, or diversifying storage across multiple locations.

Against the broader 10g gold bar market, the 10g Valcambi and 10g Fortuna bars offer lower premiums for buyers who do not need divisibility. The 10g Kinebar from Argor-Heraeus provides holographic security as an alternative anti-counterfeiting approach. For purely cost-conscious buyers who want maximum gold per dollar at this weight class, generic 10g bars from any LBMA-accredited refiner will deliver the lowest premiums, though without the brand recognition or divisibility that defines the Multigram concept.