10g Multigram Platinum Bar

PAMP Suisse Multigram Platinum in 10g Format

The 10g PAMP Suisse Multigram Platinum Bar is part of PAMP's divisible bar range, containing multiple smaller platinum bars that snap apart along perforated lines while each retaining individual CertiPAMP assay certification. The platinum version uses 999.5 fine platinum (the standard investment grade for all platinum bullion) and carries the Lady Fortuna design that has been PAMP's signature motif since the refinery's founding in 1977 in Ticino, Switzerland.

The Multigram concept addresses a specific problem in platinum investing: gram-weight platinum bars carry premiums of 20-40% when purchased individually, but the Multigram sheet format reduces the effective per-bar manufacturing cost while maintaining separate assay certification for each segment. This gives buyers the option to separate and sell individual bars without breaking the certification chain on the remaining pieces. Each segment retains its own unique serial number and can be independently verified.

Compared to a standard 10g PAMP Suisse Platinum Bar, the Multigram version trades a slightly higher purchase premium for built-in divisibility. The standard 10g bar is a single sealed unit that must be sold whole; the Multigram is multiple smaller units totalling 10g that can be liquidated piece by piece. For buyers who value the flexibility to gift, sell, or trade in smaller increments, the Multigram format is the more practical choice. For pure cost efficiency at 10g total weight, the standard bar wins on premium.

PAMP's Veriscan technology applies to each individual bar segment, allowing verification of authenticity through the free smartphone app. This microscopic surface-topography scan maps each bar's unique surface features during manufacture and stores them in PAMP's database. The technology cannot be replicated by counterfeiters, which is particularly relevant given that PAMP bars are among the most commonly counterfeited bullion products worldwide due to the Lady Fortuna design's recognisability.

10g Multigram Platinum Bar Specifications

Each individual segment within the Multigram sheet carries its own serial number and sealed CertiPAMP assay certificate confirming weight, purity, and the assayer's verification. Separation of bars is the intended use and does not void any remaining segments' certification. The Essayeur Fondeur stamp is a Swiss government-registered mark guaranteeing that the refinery meets Swiss quality standards for precious metals assaying.

The 999.5 purity is universal across all major investment-grade platinum products, from sovereign mint coins to private refinery bars. Unlike gold, where 22-karat (916.7) and 24-karat (999.9) products coexist, platinum bullion is produced almost exclusively at 999.5 due to the metal's refining characteristics. This purity meets tax exemption thresholds in Canada (99%+), Australia (99%+), New Zealand (99%+), and Singapore (99%+ from LBMA-accredited refiners). It also satisfies the US IRS requirement of 99.95% for platinum held in self-directed IRAs.

Tax Treatment of the 10g PAMP Multigram Platinum Bar

Platinum bars receive different tax treatment from gold bars in several key jurisdictions. The 999.5 purity of this bar meets investment-grade thresholds where they apply, but platinum lacks the blanket VAT exemption that gold enjoys in the UK and EU. The LBMA accreditation of PAMP Suisse satisfies refiner-qualification requirements in jurisdictions that impose them.

Purchase Tax by Country

• United Kingdom: 20% VAT applies on all platinum bars regardless of purity or refiner quality. Unlike investment gold, platinum does not qualify for the zero-rate VAT exemption. Some UK dealers offer VAT-free vault storage where platinum remains offshore (typically Zurich or Singapore) until delivery is requested, at which point 20% VAT becomes payable.
• United States: No federal sales tax. Approximately 35 states fully exempt investment-grade precious metals including platinum from state sales tax. States with threshold-based exemptions (California $2,000, Florida $500, New York $1,000) apply to the transaction total.
• Canada: GST/HST exempt at 99.5%+ purity in bar, ingot, coin, or wafer form. This bar qualifies. The exemption is federal and applies uniformly across all provinces.
• Australia: GST-free at 99%+ purity from an accredited refiner in a form tradeable on international bullion markets. PAMP's LBMA accreditation qualifies.
• New Zealand: GST-exempt at 99%+ purity. No capital gains tax applies on disposal.
• Singapore: GST-exempt as Investment Precious Metal (IPM) at 99%+ purity from LBMA-accredited refiners. PAMP qualifies.
• Hong Kong: No sales tax, no import duty, no capital gains tax on platinum.
• European Union: Full standard VAT applies at the national rate (17-27% depending on country). Platinum does not receive the EU Investment Gold Directive exemption. No margin scheme equivalent is commonly available for platinum.
• South Africa: 15% VAT on platinum bars. No exemption exists for platinum (unlike the gold Krugerrand zero-rating).

Capital Gains and Retirement Accounts

Platinum bars are not legal tender and do not qualify for the UK CGT exemption available to Britannia coins. In the US, platinum is classified as a collectible with a maximum 28% long-term capital gains rate (versus 15-20% for equities). The 999.5 purity meets the IRS Section 408(m) threshold for IRA-eligible platinum bars from accredited refiners, allowing tax-deferred (Traditional IRA) or tax-free (Roth IRA) holding. Canadian RRSP and TFSA eligibility applies for qualifying platinum bars at this purity from recognized refiners.