1 listing
Filters
| Product | /oz | Premium | Price | |
|---|---|---|---|---|
Guardian Gold
Out of Stock
|
$114.15 | +74.03% |
$114.29
A$163
|
View Deal |
Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
About the 1 oz Asahi Refining Diwali Silver Coin
A Cultural Bullion Product from an Institutional-Grade Refiner
The 1 oz Asahi Refining Diwali silver coin (technically a bar in coin form) combines cultural significance with institutional refining credentials. Produced by Asahi Refining, an LBMA Good Delivery and COMEX-approved refiner, this product features Lakshmi and Ganesha on its face, connecting it directly to the Hindu tradition of purchasing precious metals during the Diwali festival.
Asahi Refining's lineage runs through two of North America's most significant precious metals operations. The company acquired Johnson Matthey's gold and silver refining business in 2015, inheriting LBMA Good Delivery status that JM held since 1852. In 2019, Asahi further acquired Republic Metals Corporation from bankruptcy, adding substantial North American refining capacity. The refineries in Salt Lake City and Brampton, Ontario, plus the ISO 9001:2015 minting facility in Miami, give Asahi a manufacturing footprint that few private-label bullion producers can match.
The Diwali silver piece is struck in .999 fine silver at a weight of one troy ounce. The obverse features both Lakshmi (goddess of wealth and prosperity) and Ganesha (god of wisdom and new beginnings), their pairing reflecting Diwali's dual focus on material prosperity and spiritual well-being. The design does not change annually, making this a perpetual product rather than a dated series. Each piece is individually serialised and sealed in tamper-evident packaging with a certificate of assay.
The product targets the South Asian diaspora market and the broader tradition of buying gold and silver during the Dhanteras and Diwali period. Gold purchases during this festival represent a meaningful portion of annual global gold demand, and Asahi positions this product as a Western-market-accessible version of that tradition.
Diwali 1 oz Silver Specifications
| Attribute | Value |
|---|---|
| Weight | 1 troy ounce (31.103 g) |
| Purity | .999 fine silver |
| Dimensions | 50 x 29 x 2 mm |
| Packaging | Sealed, serialised, tamper-evident with certificate of assay |
| Mint | Asahi Refining (Miami facility) |
| Legal tender | No |
| Finish | Premium contrast (frosted and mirror-like surfaces) |
The silver Diwali piece uses .999 purity rather than the .9999 used for the gold variants in the same range. This is standard for silver products from Asahi and does not affect the product's utility as a silver bullion holding. The 50 x 29 mm dimensions are larger than a typical 1 oz round (which tends toward 39 mm diameter), reflecting the rectangular bar-style form factor rather than a circular coin shape.
The certificate of assay features the Asahi Refining company logo embossed with gold foil and "Happy Diwali" text. The reverse of the certificate bears the Asahi quality mark debossed with gold foil alongside weight and purity details. Each piece carries a unique serial number for traceability.
Tax Position for the Asahi Diwali Silver
As a privately minted silver product without legal tender status, the Diwali silver piece carries less favourable tax treatment than sovereign-issued coins in most jurisdictions.
- United Kingdom: Subject to 20% VAT as silver bullion. Not CGT-exempt (no legal tender status). Margin scheme rates may apply on secondary market purchases from VAT-registered dealers.
- United States: The primary market for this product. The .999 purity and LBMA/COMEX-approved status qualify it for inclusion in a precious metals IRA, though specific custodian approval is required. Sales tax varies by state. No 1099-B reporting requirement applies to privately minted rounds in the same way as certain sovereign coins.
- Canada: Asahi operates a refinery in Brampton, Ontario. Silver bars and rounds at .999+ purity from recognised refiners may qualify for GST/HST exemption when in bar, ingot, coin, or wafer form. The bar-style format may support exemption, though specific classification depends on the Canada Revenue Agency's interpretation.
- European Union: Subject to full local VAT rates on silver (17-27%). No investment gold exemption applies to silver products regardless of purity.
- Australia: Subject to 10% GST. Silver at .999 purity in bar/ingot form from LBMA-accredited refiners may qualify for the investment precious metals exemption.
- Singapore: May qualify for IPM (Investment Precious Metals) GST exemption if it meets the .999 purity requirement and is in bar/ingot/wafer form. Coin-shaped products require MAS list inclusion.