2 oz Golden Eagle Silver Bar

The 2 oz Golden Eagle Silver Bar from Germania Mint

The 2 oz Golden Eagle Silver Bar brings Germania Mint's most dramatic motif to bar form: a golden eagle locked in combat with a serpent, wings spread wide above the churning waves of the Mediterranean. Germania Mint describes the scene as the eternal battle between good and evil, and the waves reference Malta, the island nation at the centre of the Golden Eagle series partnership. The coin programme launched in 2023 with the Central Bank of Malta, making Germania Mint one of the few Polish mints producing legal tender for another country.

The mint itself traces its origins to 1986, when Apolinary Kurowski founded a numismatic shop in Jelenia Gora, Poland. The Kurowski Group rebranded as Germania Mint in 2021, and the company remains headquartered in Jelenia Gora despite the German-sounding name. Its other flagship line, the Germania series featuring a female personification, preceded the Golden Eagle and runs in parallel under the same Malta partnership.

The 2 oz weight is an unusual choice for a bar. Most refiners jump straight from 1 oz to 5 oz or 10 oz, so 2 oz bars from any producer are uncommon. The weight is better established on the coin side, where the Royal Mint made it a mainstream silver format with the Queen's Beasts series and its Tudor Beasts successor. For a buyer, that means this bar occupies a niche: more silver per piece than a standard 1 oz bar, a larger surface for the eagle artwork, and a step toward the per-ounce savings that come with size, since silver bars carry the lowest premiums of any silver form.

The trade-off is the same one that applies to any product from a young mint. Germania Mint's series date from 2023 in the Golden Eagle's case, so it lacks the established reputation and liquidity of long-running sovereign programmes such as the Austrian Philharmonic or the Britannia. Bars from lesser-known producers generally resell closer to melt value than coins from sovereign mints, and sealed bars in original packaging resell better than loose ones. Buyers drawn to this bar are typically buying the design and the Germania Mint name first, and the bullion efficiency second.

2 oz Golden Eagle Silver Bar Specifications

The bar contains two troy ounces of silver, equal to 62.207 grams. Dealer listings give the purity as .999 fine silver. As a bar rather than a coin, it carries no face value and no legal tender status, which matters for tax treatment in some countries (see the Tax tab).

The design follows the series standard: the golden eagle gripping a serpent in flight, set above Mediterranean waves. On the coin side of the series the reverse carries the coat of arms of the Central Bank of Malta within a wreath of olive, palm, lily, and rose elements inspired by ornamentation in the Grandmaster's Palace in Valletta; the bar is a private mint product rather than a Maltese legal tender issue, so it stands outside that legal tender framework. Authentication support for Golden Eagle products centres on Germania Mint's mint mark and, for boxed editions, certificates of authenticity.

Tax Treatment of the 2 oz Golden Eagle Silver Bar by Country

Silver bars are taxed very differently from gold across the major markets. The key split is between countries that exempt investment-grade silver entirely and those that charge full VAT on new silver.

• United Kingdom: 20% VAT on new silver bars. The bar is also liable to capital gains tax on disposal, since CGT exemption applies only to UK legal tender coins such as Britannias. That combination makes bars the least tax-efficient silver form for UK investors; the annual CGT allowance (currently £3,000) softens the exit-side liability for smaller holdings.
• United States: No federal sales tax; state treatment varies, with roughly 35 states exempting bullion and several applying thresholds. Long-term gains are taxed at the collectibles rate of up to 28%. IRA-eligible silver must be at least 99.9% pure from accredited refiners, so eligibility for this bar should be confirmed with a custodian before relying on it.
• European Union: Full standard VAT applies to new silver, at national rates ranging from 17% to 27%. Poland, where Germania Mint is based, charges 23%; Malta charges 18%. Margin scheme relief in countries like Germany and the Netherlands applies to pre-owned silver rather than new bars from a refiner.
• Canada: GST/HST exempt, since silver refined to 99.9% or higher in bar form qualifies for the federal exemption.
• Australia and New Zealand: GST-free as investment-grade silver, which both countries define at 99.9% purity or higher for silver. New Zealand has no formal capital gains tax.
• Singapore: Silver of 99.9% purity in bar form can qualify for the Investment Precious Metals GST exemption, which is tied to accredited refiner status, so confirm the dealer treats this bar as IPM before assuming 0% GST. Singapore charges no capital gains tax.
• Hong Kong: No sales tax, no import duty, and no capital gains tax.

Golden Eagle 2 oz Bar vs 2 oz Coins and Larger Bars

The most direct alternative is the series' own coin: Germania Mint struck a 2 oz Golden Eagle Silver HR as a 2024 limited edition, in .9999 fine silver with a 10 EUR face value as Maltese legal tender. The coin carries the governmental authentication that comes with Central Bank of Malta backing, while the bar is a private mint product with no face value. Collectors chasing the series' scarcity angle will note that Germania Mint has cut mintages sharply across the line, with the standard 1 oz silver coin falling from 100,000 in 2023 to 10,000 in 2025 as a deliberate strategy.

Against sovereign mint coins at the same weight, the benchmark is the Royal Mint's 2 oz format: the Queen's Beasts series (2016 to 2021, ten designs) and its successor the 2 oz silver Tudor Beasts, both struck in .9999 fine silver. These are UK legal tender and therefore CGT-exempt for UK buyers, an advantage no bar can match, and they enjoy good dealer liquidity as recognised mint products. The Golden Eagle bar competes on design and on the general premium advantage of bars over coins rather than on tax status or resale depth.

Up the weight scale, the comparison is about cost efficiency. Bars get cheaper per ounce as they get larger: 1 oz bars typically run 8 to 15% over spot, 5 oz bars 6 to 10%, and 10 oz silver bars 4 to 8%, with the single biggest drop occurring between 1 oz and 10 oz. The 2 oz format sits in the thinly populated gap between those standard sizes, so a buyer optimising purely for silver weight per dollar will usually do better with a 10 oz bar from an LBMA-accredited refiner. The case for the Golden Eagle bar is the artwork and the Germania Mint brand at a manageable size, not maximum metal for the money.