10 oz Themis Silver Bar

The 10 oz Themis Silver Bar

The 10 oz Themis silver bar contains 10 troy ounces (311.035 grams) of .999 fine silver from Kinesis Mint, an independent 5,600 square metre refinery and mint in Istanbul established in 2021. The Themis design, the Greek goddess of justice holding her scales, appears across the mint's minted bar range and was created in-house as a deliberate piece of branding: Kinesis positions itself around sound money, and Themis stands for balance, order, and fairness.

What makes this bar unusual is the company behind it. Kinesis Money, founded in 2018 by Thomas Coughlin, operates a blockchain-based monetary system in which digital tokens (KAU for gold, KAG for silver) are backed one-to-one by physical metal held in nine global vaults. The Themis bullion line is the physical manifestation of that system, sold through the Kinesis Bullion store, though the bars can be bought independently of the digital platform entirely.

For a buyer comparing options in the 10 oz silver bar class, the honest framing is that this is a private-mint product from a young mint. Kinesis Mint is ISO 9001:2015 certified with in-house purity testing and a 200,000 piece monthly capacity, but its LBMA accreditation status is unconfirmed, and private-mint bars typically see narrower resale markets and wider bid-ask spreads than sovereign or LBMA-accredited alternatives. The bar makes most sense at a price that reflects that, or for buyers already inside the Kinesis ecosystem.

Themis Silver Bar Specifications

The silver Themis line also includes 1 oz, 5 oz, and 100g bars, all at .999 fine. The gold side of the range runs from 1g up to 50g at .9999 purity, plus a novelty 500mg gold bill, and the mint produces a separate round format carrying the Egyptian goddess Ma'at rather than Themis; Themis appears on bars, Ma'at on rounds.

Manufacturing runs under ISO 9001:2015 certification with in-house lab testing for purity verification and tamper-evident packaging. Kinesis publishes laser-engraved serial numbers as a feature of its gold bars; the silver bars trade primarily on weight and purity, as generic private-mint silver does.

Themis Silver Bar Tax Treatment

These are private-mint bars with no legal tender status, so standard silver bar rules apply, with one extra wrinkle around mint accreditation.

• US: No federal sales tax; most states exempt bullion, with the usual threshold states (California $2,000, Florida $500, New York, Louisiana, and Massachusetts $1,000). Gains are taxed at up to the 28% collectibles rate. On IRAs, the .999 purity meets the 99.9% silver threshold, but private-mint bars must also come from an accredited refiner; Kinesis Mint's LBMA/COMEX accreditation is not confirmed, so IRA eligibility depends on the custodian accepting the product.
• UK: Silver bars attract 20% VAT on new purchases and carry no CGT exemption.
• EU: Full standard VAT on new silver at national rates (19% Germany, 21% Netherlands, up to 27% Hungary).
• Canada: 0% GST/HST for silver refined to 99.9% purity or better in bar form; the federal exemption turns on purity and form, not on the mint.
• Australia: Investment-grade silver at 99.9%+ purity from accredited sources is GST-free. Kinesis Money is headquartered in Brisbane, and local availability is likely stronger there than in other markets.
• Hong Kong and Singapore: No capital gains tax; Hong Kong levies no sales tax at all, and Singapore's GST exemption for silver requires 99.9% purity from qualifying refiners.

Themis vs LBMA-Accredited and Sovereign Mint Bars

Against the establishment names, the gap is recognition rather than metal. PAMP Suisse and Valcambi are LBMA-accredited Swiss refiners with decades of history; their bars command tighter spreads and near-universal resale acceptance. A PAMP Suisse 10 oz silver bar will be easier to sell to any dealer, sight-unseen, than a bar from a mint founded in 2021 whose LBMA status is unconfirmed.

Sovereign mint products such as Royal Canadian Mint and Perth Mint bars add government backing on top of established liquidity. Among private mints, Geiger Edelmetalle is the closer comparison, a well-established German operation with strong European recognition; Kinesis Mint is the newer entrant working to build the same standing.

Where the Themis bar has a genuine edge is inside its own ecosystem. For holders of Kinesis KAU and KAG digital currencies, Themis bars are the physical delivery format of the system they already use, which no PAMP or RCM product replicates. For everyone else the decision is conventional: the bar contains the same 10 ounces of .999 silver as any rival, the Istanbul mint sits in one of the world's largest gold markets with a long refining tradition, and the purchase price needs to be low enough to offset the weaker buyback position that comes with any young private mint.