1 Kilo Elemetal Mint Gold Bar

A Defunct US Mint's Kilo Gold Bar

The 1 Kilo Elemetal Mint Gold Bar was produced by Elemetal, a US-based private mint that operated before ceasing production. Elemetal was known for clean, modern hallmarks and consistent purity across its product range, which included investment-grade silver rounds and bars alongside limited-run collector series. The company's gold bars were struck at 999.9 fine purity, meeting the same standard as bars from LBMA-accredited Swiss and European refiners.

Elemetal bars now appear primarily on the secondary market. As a defunct producer, no new bars are being manufactured, which places existing inventory in a similar category to other discontinued brands like Engelhard and Johnson Matthey. Unlike those historic brands, however, Elemetal does not carry the same collector recognition or decades of market history, so the secondary market premium above spot is likely to be minimal.

The kilo format represents the most premium-efficient retail gold bar size. For buyers considering an Elemetal kilo bar on the secondary market, the key question is resale liquidity compared to bars from currently active, LBMA-accredited producers. A PAMP Suisse kilo bar or Valcambi kilo bar will have broader international recognition and may be easier to resell at competitive prices. The gold content is identical at 32.15 troy ounces of 999.9 fine metal, so the difference is purely in brand recognition and dealer acceptance.

1 Kilo Elemetal Mint Gold Bar Details

Elemetal bars carry the Elemetal hallmark, weight, purity markings, and serial numbers consistent with US private mint standards. The bars are identifiable by the Elemetal branding and clean, modern design aesthetic that characterised the company's product line. As a discontinued product, authentication relies on the physical markings and verification of weight and purity through standard testing methods such as XRF analysis or ultrasonic testing.

Unlike bars from LBMA-accredited refiners like PAMP Suisse or Heraeus, Elemetal bars do not carry LBMA Good Delivery certification. This does not affect the gold content or purity, which is verified by the manufacturer's own assay, but it may influence resale liquidity in international markets where LBMA accreditation is the standard recognised credential for investment bars.

Tax Treatment of Elemetal Gold Bars

The tax treatment of an Elemetal kilo bar is identical to any other 999.9 fine gold bar, regardless of the manufacturer's current operating status. The gold content and purity determine tax classification, not the brand.

United Kingdom

VAT-exempt as investment gold (995+ purity). Subject to CGT on disposal (not legal tender). The annual exempt amount is £3,000; gains above this are taxable at the individual's marginal rate (18% basic rate, 24% higher rate).

United States

State sales tax varies by jurisdiction, with approximately 35 states exempting bullion. Capital gains taxed at up to 28% (collectibles rate) for holdings over one year. The bar's 999.9 purity meets IRS purity requirements for precious metals IRA inclusion (99.5% minimum), though buyers should verify that their custodian accepts Elemetal bars specifically, as some custodians restrict their approved lists to LBMA or COMEX-accredited manufacturers.

Canada and Australia

GST/HST-exempt in Canada at 99.5%+ purity. Capital gains in Canada at a 50% inclusion rate. GST-free in Australia for investment-grade gold at 99.5%+ purity, with a 50% CGT discount for holdings over 12 months.

Singapore and Hong Kong

Singapore exempts investment gold from GST at 99.5%+ purity; no capital gains tax applies. Hong Kong has no sales tax, import duty, or capital gains tax on bullion.