25g C.Hafner Gold Bar

A 25 Gram Bar from Germany's Oldest Refinery

The 25g C.Hafner Gold Bar is a minted gold bar from C.Hafner, the oldest family-owned precious metals refinery in Germany. Founded in 1850 in Pforzheim, C.Hafner has been refining precious metals from recycled secondary materials for over 175 years. The company joined the LBMA Good Delivery Refiner List in 2013 and is now managed by the fifth generation of the founding family.

At 25 grams (0.804 troy ounces), this bar sits in a metric denomination between the more widely traded 20g and 1 oz (31.1g) sizes. The 25g weight is a natural fit for gram-denominated markets such as Germany, Austria, Switzerland, and the Middle East, where investors think in metric units rather than troy ounces. In the English-speaking world, where troy ounces dominate, the 25g bar is less common than the 1 oz format but appeals to buyers who prefer standardised metric sizing.

C.Hafner's distinctive position among LBMA refiners is its exclusive use of recycled gold. The company has never processed primary-mined material. Its founding business was Kehretspräparation, the recovery of gold dust and filings from the dense concentration of jewellers' workshops in Pforzheim, historically known as Goldstadt. That commitment to recycled materials continues, with the company claiming carbon-neutral production and significant investment in photovoltaic energy. For buyers who value supply chain transparency and sustainability credentials, this is a tangible differentiator at any bar size.

C.Hafner 25g Gold Bar Specifications

As a minted bar, the 25g C.Hafner has the smooth, polished finish produced by precision-cutting from rolled gold sheet and stamping. This contrasts with C.Hafner's cast bars (available at 250g and above), which have the rougher, poured finish of molten gold set in a mould. The minted format is standard for bars at this size, as the smaller dimensions allow for cleaner detail in the stamped markings.

The bar is sealed in C.Hafner's proprietary CertiCard, a tamper-evident assay card that encloses a certificate confirming the bar's tested purity and serial number. The CertiCard allows authentication without opening the package, protecting both the bar's condition and the chain-of-custody provenance that supports resale value.

Tax Treatment for the C.Hafner 25g Gold Bar

Investment gold at 999.9 purity is VAT-exempt across all major bullion markets. UK buyers pay no VAT under the Investment Gold Exemption (995+ fineness). EU buyers benefit from the same exemption under the Investment Gold Directive. Canada, Australia, New Zealand, and Singapore each exempt gold bars at 99.5%+ purity from GST. Hong Kong has no sales tax.

US sales tax varies by state. Most states exempt bullion, though threshold-based exemptions in California ($2,000), Florida ($500), and New York ($1,000) may or may not be met by a 25g bar depending on the gold price. At approximately $2,600 in 2026, a 25g bar would clear the Florida and New York thresholds but may fall below California's.

Capital gains tax treatment: UK buyers face CGT at 18% or 24% on gains above £3,000 (gold bars are not legal tender and not CGT-exempt). German buyers pay no CGT on gold held over one year. US buyers face the collectibles rate of up to 28%. The bar qualifies for UK SIPP pension schemes and US IRA accounts, subject to approved custodial storage.

C.Hafner 25g vs Other Small Gold Bars

The 25g gold bar market is more specialised than the mainstream 1 oz category. Other options at this exact weight include the 25g PAMP Suisse Fortuna, which commands the highest premiums in the minted bar market thanks to the Lady Fortuna design and VeriScan authentication. The 25g PAMP Suisse Multigram is a different product format: 25 individually sealed 1g bars packaged together, designed for divisibility rather than single-bar investment. The 25g Royal Canadian Mint Maplegram follows a similar concept with government-mint backing.

The 25g Engelhard Gold Bar occupies a different position entirely as a historic, discontinued product. Engelhard ceased production in the 1980s, and surviving bars carry collector premiums above their gold content.

Among current-production single 25g bars, C.Hafner competes most directly with Heraeus, Valcambi, and other LBMA-accredited refiners at this weight. The differentiator is C.Hafner's exclusive use of recycled gold, which is a genuine supply chain distinction. On premiums and resale liquidity, the practical differences between LBMA-accredited bars at this size are modest. Buyers choosing between brands are primarily deciding based on refiner preference and availability rather than meaningful differences in investment characteristics.