Goddesses Silver

Germania Mint's Norse Goddesses in Cast Silver

The Goddesses series from Germania Mint is a six-bar collection of 2 oz cast silver pieces depicting figures from Norse and Germanic mythology. Each bar contains 2 troy ounces of .9999 fine silver, a purity grade that exceeds the .999 standard found on most private mint products and matches the level typically associated with the Royal Canadian Mint and Perth Mint.

Limited to just 999 individually numbered pieces per design, the series straddles the line between bullion and collectible. It was released bi-monthly throughout 2024, beginning with Freyja in February and concluding with Nerthus in December. Each bar features a colorized antique finish that gives the cast silver an aged, almost archaeological quality. The presentation packaging includes a black box and Certificate of Authenticity with each piece.

For buyers considering these bars, the core proposition is the combination of Germanic mythology theming, four-nines purity, and genuine scarcity. With only 999 pieces per design, early releases (particularly Freyja) have already commanded secondary market premiums well above their original issue price. The cast bar format also means each piece has a slightly different surface texture, giving individual character that struck coins and minted bars lack.

Goddesses Bar Specifications

The Six Goddesses

The complete series covers six figures from Norse mythology, each released approximately two months apart during 2024.

Each bar features a colorized portrait of the goddess on the obverse, with the serial number, weight, and purity markings on the reverse. Security features include individual serial numbering, holographic identification codes (standard on Germania Mint cast bars since 2023), and the Certificate of Authenticity.

Silver Bar Tax Treatment by Country

The Goddesses bars are private mint products with no legal tender status, no face value, and no government backing. This classification affects their tax treatment in several jurisdictions.

United Kingdom: Silver bars attract the full 20% VAT rate. The margin scheme (which reduces effective VAT to near zero) applies only to pre-owned silver, so new Goddesses bars purchased from UK dealers carry the standard rate. There is no CGT exemption for bars of any kind in the UK, as the exemption applies only to UK legal tender coins such as the Silver Britannia.

United States: No federal sales tax applies. State-level treatment varies: roughly 35 states fully exempt precious metals from sales tax, approximately 10 states tax bullion, and around 5 have threshold-based partial exemptions. Silver bars and rounds are treated as collectibles for capital gains purposes, subject to a maximum 28% long-term rate. These bars are not IRA-eligible under standard rules, as the IRS typically requires coins from national mints or bars from COMEX/NYMEX-approved refiners.

European Union: Silver bars are subject to the standard VAT rate in each member state (19% in Germany, 23% in Poland where Germania Mint is based, and rates ranging from 17% to 27% across the bloc). The EU Investment Gold Directive provides a VAT exemption for gold but not for silver. Germany's margin scheme (Differenzbesteuerung) can reduce effective tax on pre-owned silver coins but does not typically apply to new bars.

Canada: Silver bullion is GST/HST exempt when refined to 99.9% purity or higher. The Goddesses bars at .9999 purity meet this threshold, though the exemption typically applies to bars, ingots, coins, and wafers in standard bullion form.

Australia: Investment-grade silver (99.9% purity or higher in bar, ingot, or coin form) is GST-exempt. The .9999 purity qualifies.

Singapore and Hong Kong: Singapore exempts Investment Precious Metals meeting specific purity criteria from GST. Hong Kong has no sales tax of any kind on precious metals.

Goddesses vs Other Collectible Silver Bars

The Goddesses series sits in a specific niche: collectible cast silver bars with mythology theming. Its most direct comparisons are with other private mint bar series that combine precious metal content with artistic design and limited availability.

Against other Germania Mint products, the closest relative is the companion Gods series featuring male Norse deities including Tyr. Both share the same 2 oz cast format, .9999 purity, and 999-piece mintage per design. The Goddesses bars also compete with Germania Mint's wider cast bar programme, which includes the Berlin 2 oz bar (limited to 500 pieces, sold out rapidly in February 2024) and the larger Germania series struck in partnership with the Central Bank of Malta.

Scottsdale Mint's stacker bars offer a different aesthetic in the premium silver bar space. Scottsdale bars emphasise a chunky, stackable design in .999 silver, appealing to buyers who want both visual interest and practical storage. They lack the mythology theming and colorization of the Goddesses series but are available in a wider range of weights. PAMP Suisse's artistic bar lines, including the Good Luck collection, compete on brand prestige and the LBMA-accredited CertiPAMP assay packaging, though their design approach is cultural rather than mythological.

The .9999 purity is a genuine differentiator. Most private mint silver products are struck at .999, and the additional nine puts Germania Mint's bars alongside Royal Canadian Mint and Perth Mint products in the purity hierarchy. The 999-piece mintage and colorized antique finish firmly position these as collectibles rather than pure bullion, and premiums reflect that distinction. Buyers focused purely on silver weight per pound spent will find better value in generic 1 oz silver rounds, but those seeking a completed thematic set with scarcity built in will find the Goddesses series delivers on that front.