1 oz Themis Silver Bar

The Kinesis Themis 1 oz Silver Bar

The 1 oz Themis silver bar is a minted bar in 999 fine silver produced by Kinesis Mint, an independent precious metals refinery and mint in Istanbul established in 2021. The bar carries the Themis design, the Greek goddess of justice holding her scales, created in-house by the Kinesis Mint art team as a deliberate nod to the parent company's sound money philosophy. Kinesis Money, the Brisbane-headquartered firm behind the mint, runs a gold and silver backed digital currency platform (KAU for gold, KAG for silver), and the Themis bullion line is the physical side of that system.

That context matters for deciding whether this bar is for you. Themis bars are most relevant to people already inside the Kinesis ecosystem, particularly KAG holders who want physical delivery, and to buyers who simply want silver weight at a bar price with a more interesting design than a generic ingot. They are private-issue products with no face value and no sovereign guarantee, and Kinesis Mint's LBMA accreditation is not confirmed, so resale will typically run through dealers who handle private-mint bars rather than the broad market that absorbs sovereign coins. The mint is ISO 9001:2015 certified, runs in-house lab testing for purity, and has a production capacity of 200,000 pieces per month, modest beside the big sovereign mints but substantial for a private operation. As a one-ounce bar, it sits in the most recognised weight class in bullion, where every dealer trades daily, which softens the liquidity question that hangs over less familiar brands.

Themis 1 oz Silver Bar Specifications

The silver Themis line also includes 5 oz and 100 g bars, all in 999 fine silver. The Themis design is reserved for Kinesis Mint's minted bars; the company's round-format products carry a separate design featuring Ma'at, the Egyptian goddess of truth. Manufacturing is ISO 9001:2015 certified with in-house purity testing and tamper-evident packaging, though Kinesis publishes fewer specification details (dimensions, for instance) than the established Swiss refiners do.

Tax Treatment of the Themis Silver Bar by Country

As a 99.9% fine silver bar, the Themis meets the purity thresholds that matter in the exempt jurisdictions, but silver is taxed far less kindly than gold in Europe.

• UK: 20% VAT on new silver bullion, and bars have no CGT exemption since that applies only to UK legal tender coins. A private-mint bar carries both taxes, making it one of the least tax-efficient formats for UK buyers.
• EU: full standard VAT at national rates (17-27%), for example 19% in Germany and 21% in the Netherlands. Margin scheme relief in those countries applies to pre-owned silver, not new bars.
• US: no federal sales tax; most states exempt bullion while others tax it or set thresholds. Gains are taxed at the 28% long-term collectibles rate. IRA eligibility requires 99.9%+ silver from an accredited refiner, and Kinesis Mint's accreditation status with LBMA or COMEX is not confirmed, so custodian acceptance should be checked before assuming this bar qualifies.
• Canada: 0% GST/HST on silver refined to 99.9%+ purity in bar form, which this bar meets.
• Australia, New Zealand, Singapore: GST-free as investment-grade silver at 99.9% purity. Singapore and New Zealand levy no capital gains tax, and Australia is notable as Kinesis Money's home market.
• Hong Kong: no sales tax, no duties, no CGT.

Themis vs Swiss Refiner Bars and Silver Rounds

The closest competitors are the one-ounce silver bars from LBMA-accredited refiners. A 1oz PAMP Suisse silver bar or a Valcambi bar comes from a refiner with decades of history, global recognition, and LBMA accreditation, which translates into tighter spreads and wider resale acceptance. Kinesis Mint is newer and lacks that accreditation as far as available information shows, so the Themis will generally trade more like a generic private-mint bar at buyback time. If the Themis is not priced below the Swiss names, the established brands are the safer pick for a buyer with no connection to the Kinesis platform.

Against silver rounds, the Themis competes on similar ground: both are private-issue, non-legal-tender products bought primarily for their metal content. One-ounce rounds from private mints typically carry premiums of 5-10% over spot versus 3-8% for bars, so the bar format holds a slight cost edge. Sovereign coins such as the 1oz silver Britannia cost considerably more, with government-minted one-ounce silver coins running 15-25% premiums in current conditions, but they buy you legal tender status, a sovereign purity guarantee, and the strongest resale market in silver. The honest summary: the Themis is a metal-first purchase with a distinctive design and a blockchain-adjacent backstory, best suited to Kinesis users and stackers who price-shop private-mint silver rather than to anyone optimising for resale.