1000 oz Perth Mint Silver Bar

Government-Backed 1000 oz Silver from Australia's Sovereign Mint

The 1000 oz Perth Mint silver bar is a COMEX-deliverable institutional silver bar produced by the Perth Mint, a government-owned mint operated by Gold Corporation, a statutory authority of the Government of Western Australia. The Perth Mint has been operating since 1899 and holds both LBMA Good Delivery and COMEX accreditation for silver.

As a sovereign mint product, the Perth Mint 1000 oz bar carries the implicit backing of a government entity, which distinguishes it from private refiner bars in the eyes of some investors. The bar is .999 fine silver with the exact weight individually stamped within the COMEX tolerance range of 900-1100 troy ounces. Perth Mint bars bear the mint's kangaroo hallmark alongside the serial number, weight, and purity markings.

The Perth Mint's primary market for 1000 oz bars is institutional and wholesale, supplying the Asian and Australian physical silver markets. Retail availability in North America and Europe is more limited than for US-produced bars from refiners like Asahi or the historic Johnson Matthey bars. Australian and Asian investors are more likely to encounter Perth Mint 1000 oz bars through local dealer networks.

For Australian buyers specifically, the Perth Mint bar offers the advantage of domestic sourcing without import logistics, GST-free purchase at investment-grade purity, and the Perth Mint's own storage programmes for investors who prefer not to take physical delivery. The combination of sovereign mint provenance and LBMA/COMEX accreditation makes resale straightforward through institutional channels worldwide.

Perth Mint 1000 oz Silver Bar Technical Details

The Perth Mint has held LBMA Good Delivery accreditation since 1957 for gold and also carries silver accreditation. The mint produces silver bars in multiple formats from 1 oz to 1000 oz, with the larger institutional bars primarily serving wholesale and depository markets. The mint's refinery processes ore from Western Australian gold and silver mines alongside recycled precious metals.

Tax Position for Perth Mint 1000 oz Silver Bars

The Perth Mint 1000 oz silver bar benefits from both sovereign mint status and LBMA accreditation, giving it the broadest possible eligibility for tax-exempt treatment across jurisdictions.

• Australia: GST-free as investment-grade silver (99.9% purity from an accredited refiner in bar form). The Perth Mint is the primary domestic supplier of GST-exempt silver for Australian investors. No CGT exemption exists for silver in Australia; gains are taxed with a 50% discount for holdings over 12 months.
• United States: Exempt from sales tax in most states. IRA-eligible (sovereign mint product exceeding .999 purity requirement). Capital gains at the collectibles rate of up to 28%.
• Canada: GST/HST exempt as silver in bar form at 99.9%+ purity.
• United Kingdom: 20% VAT on purchase. Perth Mint offers allocated storage programmes that allow UK buyers to hold silver outside UK VAT jurisdiction. Subject to CGT on gains.
• New Zealand: GST-exempt as fine silver bullion at 99.9%+ purity.
• Singapore: GST-exempt under the Investment Precious Metals scheme (sovereign mint, 99.9%+ purity, bar form). Perth Mint has a presence in the Singapore market.
• Hong Kong: No sales tax or import duty.