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About the 1 oz Germania Mint Norse Gods Silver Bar
A Royal Mint and Germania Mint Collaboration
The 1 oz Germania Mint Norse Gods silver bar is a collaborative product between two mints that rarely work together: The Royal Mint (UK sovereign mint) and Germania Mint (Polish private mint). The Royal Mint designs and strikes the bars, while Germania Mint handles international distribution and packages them in their signature CardBar presentation format. This dual-brand arrangement gives the product sovereign mint production quality paired with private mint marketing and collectible positioning.
The series launched in 2024 with Odin, the Norse Allfather depicted seated on his throne in Asgard, flanked by his wolves Geri and Freki, holding his infallible spear Gungnir. Thor (2025) and Loki (2025) followed, with a Special Edition combining all three planned for 2026. Each 1 oz bar is struck in .9999 fine silver (four nines), exceeding the .999 standard typical for silver bars and matching premium products like the Canadian Maple Leaf in purity.
The 60,000 mintage for the 1 oz Odin bar is modest for silver bullion. Generic silver bars carry unlimited production runs, and even the Royal Mint's own-brand Britannia bars are not mintage-limited. This scarcity, combined with the Royal Mint provenance and the Norse mythology theme, positions the product above generic bars in premium terms. Germania Mint's CardBar packaging extends the design beyond the bar itself with Norse-themed artwork, runes, and symbols, creating a presentation piece rather than a purely functional bullion product. The thematic focus on Norse gods' mortality (unlike Greek deities, Norse gods are aware of their destined deaths at Ragnarok) adds narrative depth to the series.
Norse Gods 1 oz Silver Bar Technical Details
| Attribute | Value |
|---|---|
| Weight | 1 troy oz (31.103 g) |
| Purity | .9999 fine silver |
| Dimensions | 49.96 mm x 28.98 mm |
| Thickness | 2.2 mm |
| Edge | Smooth |
| Mintage (Odin 1 oz) | 60,000 |
| Manufacturer | The Royal Mint (struck) / Germania Mint (distributed) |
| Legal tender | No (bar, not coin) |
| Face value | None |
| Packaging | Germania Mint CardBar presentation card with tamper-evident sealing |
Series Releases
| Year | Subject | Mythology | Available Sizes |
|---|---|---|---|
| 2024 | Odin | Allfather, god of wisdom, warfare, and magic | 1 oz, 10 oz |
| 2025 | Thor | God of thunder and storms, protector of gods and humans | 1 oz, 10 oz |
| 2025 | Loki | Trickster god of fire, shapeshifter, catalyst of Ragnarok | 1 oz |
| 2026 | Special Edition | All three deities combined | 1 oz (planned) |
The 10 oz version uses .999 purity (three nines) rather than the .9999 of the 1 oz, with a much tighter mintage of 7,000 for the Odin release. A 2 oz coin format also exists in the series alongside the bar format. The obverse on all bar releases features The Royal Mint's coat of arms with mint seal, weight, purity, and metal content specifications, serving as the standard Royal Mint bullion bar authentication mark. The CardBar packaging format is a Germania Mint signature, presenting the bar within an extended artwork card that includes Norse runes and mythology-themed illustrations.
Tax Position for Norse Gods Silver Bars
The Norse Gods bars are silver bars, not legal tender coins. They carry no face value and are not recognised as currency by any country, despite being produced by a sovereign mint (The Royal Mint). The Royal Mint branding does not confer tax advantages for non-coin products in the UK or elsewhere; the distinction between legal tender coins (Britannias, Sovereigns) and non-legal-tender products (bars, medals) is what determines tax treatment.
- United Kingdom: Subject to 20% VAT on purchase. Not CGT-exempt. The Royal Mint produces both legal tender coins that receive full tax advantages and non-legal-tender bars and medals that receive none. The Norse Gods bars fall in the latter category. UK buyers seeking CGT exemption on silver should look at Silver Britannia coins instead, which are legal tender and therefore CGT-free.
- United States: Sales tax varies by state. Most states that exempt precious metals include bars meeting minimum purity thresholds (.999+), and the .9999 purity comfortably qualifies. IRA eligibility depends on the custodian's approved-refiner list; The Royal Mint is widely recognised by US custodians. Capital gains at the 28% collectibles rate for assets held over one year.
- Canada: GST/HST exempt at .9999 purity in bar form (substantially exceeds the 99.9% federal threshold).
- Australia: GST-free as investment-grade silver at 99.9%+ purity in bar form.
- EU: Standard VAT applies to silver bars across the EU (19% in Germany, 21% in Netherlands, up to 27% in Hungary). The German margin scheme (Differenzbesteuerung under Section 25a UStG) may apply through some German dealers for pre-owned pieces, reducing the effective VAT burden.
- Singapore: GST-exempt under the IPM scheme for silver at 99.9%+ purity in bar form from qualifying producers.
- Hong Kong: No sales tax, no import duty, no capital gains tax.
1 oz Germania Mint Norse Gods Silver Bar: frequently asked questions
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The cheapest 1 oz Norse Gods silver bar we track is $82.41, sitting 25.7% over the $65.79 silver spot price. The artistic design and limited mintages mean these bars typically carry a higher premium than generic silver bars.
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The Norse Gods bars are a collaboration: The Royal Mint (the UK sovereign mint) designs and strikes them, while Germania Mint (a German-owned private mint) handles international distribution and packages them in their CardBar presentation format. The dual-mint provenance gives the bars both sovereign mint quality and Germania Mint's collector-series branding.
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The series launched in 2024 with Odin, depicted seated on his throne with his wolves Geri and Freki and holding the spear Gungnir. Thor followed in 2025, shown wielding his hammer Mjolnir, alongside Loki, the trickster god of fire and mischief. A 2026 Special Edition featuring all three deities together is planned. Each design is available in 1 oz and 10 oz silver bar formats.
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Check the CardBar packaging for tamper-evident sealing: the card should be fully intact with no signs of resealing. Verify the weight (1 troy oz, 31.1 g) with accurate scales. The Royal Mint coat of arms on the obverse is highly detailed; poorly struck lettering or a soft relief are warning signs. Buying from an authorised dealer reduces counterfeiting risk significantly with a product at this mintage level.