First Mint
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About the 1 Kilo First Mint Silver Bar
First Mint's Standard Kilo Bar
The 1 Kilo First Mint Silver Bar is the unbranded kilo offering from First Mint, LLC, the Las Vegas-based minting subsidiary of First Majestic Silver Corp. (NYSE: AG). This is the generic bar format from the same facility that produces the company's branded First Majestic rounds, distinguished by carrying the First Mint name rather than the Mayan dancer design associated with the series-branded products.
First Mint occupies a unique position in the bullion supply chain. The parent company, First Majestic Silver Corp., is one of the world's largest primary silver producers, operating mines in Mexico including San Dimas, Santa Elena, and La Encantada. The silver in this bar was mined by the same corporate entity that refined and minted it. This mine-to-mint vertical integration is unprecedented among bullion producers; other mints and refiners purchase their raw materials on the open market.
The practical significance for buyers is twofold. The documented provenance provides certainty about metal origin that generic bars from market-sourced refiners cannot offer. And the direct-to-consumer sales channel through firstmint.com removes dealer markup from the pricing chain, though premiums remain comparable to other private mint kilo bars when purchased through third-party dealers. At 1 kilo, the premium savings versus smaller denominations are substantial, typically running 3-6% over spot compared to 8-15% for 1 oz products.
First Mint 1 Kilo Bar Technical Details
| Attribute | Value |
|---|---|
| Weight | 1 kilogram (32.15 troy ounces) |
| Purity | .999 fine silver |
| Manufacturer | First Mint, LLC |
| Location | Las Vegas, Nevada, USA |
| Parent company | First Majestic Silver Corp. |
| Silver origin | First Majestic mines, Mexico |
| Legal tender | No |
| Format | Bar |
The facility uses flameless tunnel technology for refining, which the company states reduces electricity consumption and emissions compared to conventional processes. First Mint also offers third-party minting services to external clients, meaning the facility's economics are not solely dependent on First Majestic's own retail silver sales.
The bar carries the First Mint name, weight, and purity markings. It lacks the Mayan dancer design that identifies the branded First Majestic Round series but comes from the identical production facility using the same source silver. The distinction is purely cosmetic and branding-related; metal content and purity are identical.
Tax Treatment for First Mint Silver Bars
As a .999 fine silver bar from a private mint with no legal tender status, standard silver bullion tax rules apply across all jurisdictions.
United Kingdom
20% VAT applies on purchase. Capital Gains Tax applies on disposal at the seller's marginal rate. No CGT exemption is available because the bar is not UK legal tender. Pre-owned bars may qualify for the margin scheme when purchased from eligible dealers.
United States
Sales tax is state-dependent, with approximately 35 states exempting precious metals. Capital gains on silver are taxed at up to 28% (the IRS collectibles rate). The .999 purity meets IRA fineness requirements, though custodian acceptance of First Mint products specifically depends on the facility's ISO certification status.
Canada
GST/HST exempt at 99.9%+ purity in bar form. First Majestic's Canadian headquarters (Vancouver, BC) and TSX listing give the brand familiarity with Canadian dealers.
Australia and New Zealand
GST-free in both countries for investment-grade silver meeting the 99.9% purity threshold.
Singapore and Hong Kong
No GST on qualifying silver (99.9%+ purity) in Singapore. No tax of any kind in Hong Kong.
1 Kilo First Mint Silver Bar: frequently asked questions
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The cheapest First Mint 1 kilo silver bar we track is $2,335.76, about 11.2% over the silver spot price. First Mint currently has the lowest offer. Check the comparison table above for all available dealer prices.
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The First Mint 1 kilo silver bar weighs 1 Kilo (1,000g) and is 999 fine silver, meaning 99.9% pure silver content. It is produced by First Mint, a private mint. The bar carries no legal tender status or face value.
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Karat is a fineness scale used for gold only. Silver uses millesimal fineness: .999 means 999 parts per thousand (99.9%) pure silver. There is no such thing as "24 karat silver." Investment-grade silver bars like this one are typically .999 or .9999 fine, and the fineness marking confirms the purity guarantee of the bar.
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We track 1 dealer carrying the First Mint 1 kilo silver bar. First Mint currently offers the lowest price at $2,335.76. Use the comparison table above to compare all available offers and buy at the best rate.