Eureka Silver

Australia's Signature Bullion Range from an LBMA-Accredited Refinery

The Eureka range is the signature silver (and gold) bullion line from ABC Refinery, one of Australia's largest LBMA-accredited refiners. The design draws on the Eureka Rebellion of 1854, a pivotal event in Australian history often described as the birthplace of Australian democracy. All products are wholly produced in Australia using Australian-sourced metal, a genuine differentiator in a market where most bullion sold domestically is refined overseas.

The silver range spans minted coins at 1 oz to minted bars from 5 oz through 10 oz, 500 g, and up to 1 kilo. Silver purity is 99.95% (.9995) fine for the smaller sizes and 99.9% (.999) for the 1 kilo bar. The higher-than-standard purity on the smaller products is unusual; most silver bullion worldwide uses .999 (three nines) or .9999 (four nines), making the .9995 specification a distinctive midpoint that likely reflects ABC Refinery's standard refining output. Gold versions are struck at 99.99% (.9999) fine across minted coins and minted tablets (bars).

ABC Refinery, founded in 1978, holds LBMA Good Delivery status for both gold and silver, providing the institutional-grade assurance that professional buyers and vaulting services require. ABC Bullion, the retail arm, operates a physical store at 88 Pitt Street, Sydney, plus a network of dealer partners across Australia. The Eureka products are not legal tender, as ABC is a private refinery rather than a government mint. The distinction matters for tax purposes in some jurisdictions, but within Australia, the GST treatment for investment-grade bullion from an LBMA-accredited refiner is the same whether or not the product carries a face value.

Eureka Silver Specifications by Size

ABC uses "minted coin" for the round format and "minted bar" or "minted tablet" for the rectangular format. None are legal tender coins; the "coin" terminology refers to the round shape. Specific diameter and thickness figures are not publicly documented for the Eureka range; ABC publishes weight specifications as exact but lists physical dimensions as guides only.

Design

The Eureka design has remained essentially unchanged since introduction, applied consistently across all product sizes and metals. This brand consistency means the 1 oz coin and 1 kilo bar share the same visual identity, instantly recognisable across the ABC Bullion range.

The obverse features a gold digger (miner) standing proudly on his tenement, holding up a newly discovered gold nugget against a blazing Australian sun. A grey bark gum tree and native kookaburra are framed by rolling Australian bushland, with the word "EUREKA" above. The reverse carries the ABC Bullion logo and hallmark with weight and purity markings. The design consistency across the entire product range provides strong brand recognition for ABC Bullion in the Australian market.

Gold minted coins are available in 1/4 oz, 1/2 oz, and 1 oz, all at .9999 purity. Gold minted tablets span 10 g, 20 g, 1/2 oz, and 1 oz. No serial numbers, micro-engraving, or assay cards are included for the coin format; authenticity relies on the ABC Refinery hallmark, weight and purity markings, and the NATA-accredited laboratory certification behind the refining process.

Eureka Silver Tax Treatment by Country

As products from a private refinery with no government backing or legal tender status, the Eureka range follows standard bullion tax rules. The LBMA accreditation of ABC Refinery is relevant in jurisdictions where accreditation affects tax classification.

• Australia: The primary market. Gold bullion from an LBMA-accredited refiner at 99.99% purity is GST-free under the investment body provisions. Silver is GST-free when meeting the investment silver criteria: minimum .999 purity, in a tradeable form, and sold by a qualifying dealer. ABC Bullion's silver products (at .9995 and .999 purity) are typically sold GST-free through their retail network. Capital gains subject to standard CGT with a 50% discount for individuals holding over 12 months.
• United Kingdom: Not commonly available from UK dealers. Gold would be VAT-free as investment gold from an LBMA refiner. Silver would attract 20% VAT. Not eligible for UK CGT exemption (not legal tender).
• United States: Not commonly available from US dealers. No special tax status beyond state-level bullion exemptions. Not IRA-eligible as these are private refinery products without legal tender status or COMEX approval.
• New Zealand: Fine silver at 99.9% purity is GST-exempt. The .9995 purity on smaller products and .999 on the 1 kg bar both qualify. No formal capital gains tax.
• Singapore: Silver bars at .999 purity or above and 0.5 troy oz minimum weight qualify as Investment Precious Metal for GST exemption. No capital gains tax.
• Hong Kong: ABC Bullion has a Hong Kong presence. No sales tax, import duty, or capital gains tax on precious metals.
• Canada: GST/HST exempt for silver at 99.9% purity or above. Both .9995 and .999 purity qualify.

Eureka vs Perth Mint and Other Australian Silver

Within Australia, the Eureka range's primary competitor is the Perth Mint, and the comparison highlights different strengths. Perth Mint coins (the Silver Kangaroo and various limited-edition series) are legal tender with Australian dollar face values, carry advanced security features including micro-laser engraving, and have far wider international recognition. Perth Mint products can be sold to any bullion dealer worldwide with instant recognition. For Australian buyers who plan to resell domestically, both brands are well recognised. For buyers who may sell internationally or who value the additional security features, Perth Mint has the edge.

ABC Refinery's strength is institutional credibility. LBMA Good Delivery status means ABC bars are accepted by LBMA-approved vaults, banks, and institutional buyers worldwide at the bar level, even though the minted coins and smaller bars are retail products. The "wholly Australian" production claim, sourcing Australian metal and refining domestically, is a genuine differentiator that Perth Mint also shares but few other bullion brands can claim.

The .9995 silver purity on smaller Eureka products is higher than the standard .999 used by most mints worldwide, including Perth Mint's .9999 on some products. The practical difference between .999 and .9995 is negligible for bullion purposes, but it does place the Eureka products above the minimum thresholds for GST exemption in Australia and New Zealand without question.

For buyers outside Australia, the Eureka range has limited availability. International buyers looking for Australian silver are more likely to find Perth Mint products through their local dealers. The 1 Kilo Eureka Silver Bar is the most popular product in the range by dealer count, reflecting the strong demand for kilogram bars in the Australian and Asian markets where metric weights are preferred. The 1 oz minted coin and 10 oz bar formats provide additional options for buyers seeking smaller sizes from an LBMA-accredited Australian refiner.