1 oz B.H. Mayer Norse Gods Silver Bar

The 1 oz Norse Gods Silver Bar from B.H. Mayer

This bar packages one troy ounce (31.1035 g) of .999 fine silver under the Norse Gods branding of B.H. Mayer, the Munich minting house founded in 1871 and still family-owned in its fifth generation. The mint is best known to collectors for striking the ultra-high-relief Norse Gods coin series for the Cook Islands; the bar takes the same mythological theme and applies it to a standard stacking format with no mintage limits or proof finishes attached.

The 1 oz weight is the benchmark unit for bullion worldwide. Every dealer buys and sells 1 oz products, premiums are quoted against the spot price per troy ounce, and no other size matches it for liquidity. For silver specifically, 1 oz bars sit in the 3-8% premium range under normal conditions, cheaper per ounce than government-minted 1 oz coins (15-25% in 2026 market conditions) and broadly in line with private-mint rounds at 5-10%. That makes a themed bar like this one a way to get a design with some character without paying coin-level premiums.

The catch with 1 oz bars generally is that they are the most expensive way to buy silver weight in bar form. Moving up to 10 oz silver bars delivers the single biggest premium drop on the bar size ladder, roughly 4-5 percentage points. The 1 oz format earns its keep on divisibility: small units can be sold one at a time, gifted, or accumulated on any budget.

Tax on a 1 oz .999 Silver Bar by Country

At .999 fineness this bar meets the investment-grade purity thresholds in every market that uses one, but silver bars still face tax in several jurisdictions.

• UK: 20% VAT applies to new silver, and bars carry no legal tender status, so they are also liable for Capital Gains Tax on disposal. In VAT jurisdictions the effective all-in premium on 1 oz bars can reach 25-40% once tax is included.
• USA: No federal sales tax; roughly 35 states exempt bullion while others tax it or apply thresholds (New York exempts above $1,000, Florida above $500, so a single 1 oz bar typically falls below those lines and is taxed). Long-term gains are taxed at the collectibles rate of up to 28%.
• Canada: 0% GST/HST for silver at 99.9% or higher purity in bar form. This bar qualifies.
• Australia: 0% GST; investment-grade silver requires 99.9% purity, which .999 meets.
• New Zealand: GST-exempt at 99.9% silver purity.
• Singapore: 0% GST under the Investment Precious Metals scheme for silver at 99.9% or higher.
• Hong Kong: No sales tax, no import duty, no capital gains tax.
• EU: New silver bars attract full national VAT, between 17% and 27% depending on the member state.

Norse Gods 1 oz Bar vs Rounds, Coins and Its Own Series

At one ounce, the main alternatives split by format. Government-minted silver coins such as the 1 oz silver Britannia carry 15-25% premiums in current market conditions but bring legal tender status and the tightest buyback spreads. Private-mint rounds run 5-10%, and 1 oz bars at 3-8% are the cheapest route to the weight. The Norse Gods bar competes in that bar bracket while offering more visual interest than a plain generic bar, though resale will follow bar economics: branded bars from lesser-known mints typically sell closer to melt value than sovereign coins, and sealed original packaging helps buyback prices.

Within the Norse theme itself, the contrast with the Cook Islands Norse Gods coin series is stark. Those are 2 oz ultra-high-relief proof coins with antique patina finishes, a $10 Cook Islands face value, and a mintage of only 1,000 per design; they trade as collector pieces well above silver content. Germania Mint's Ragnarok series covers similar mythological ground from another private mint, also without legal tender status. The B.H. Mayer bar is the entry point: same imagery family, bullion pricing.

For buyers committed to the design but stacking larger amounts, the 10 oz Norse Gods silver bar buys the same silver at a meaningfully lower premium per ounce, at the cost of all-or-nothing resale.