5 oz Themis Silver Bar

The Kinesis 5 oz Themis Silver Bar

The 5 oz Themis is a minted silver bar produced by Kinesis Mint, an independent precious metals refinery and mint established in 2021 in Istanbul, Turkey. The bar contains 5 troy ounces (155.5 grams) of .999 fine silver and carries the Themis design, the Greek goddess of justice holding her scales, created in-house by the Kinesis Mint art team. The design choice is deliberate branding: Kinesis positions its products around themes of balance and sound money.

The mint belongs to Kinesis Money, a company founded in 2018 by Thomas Coughlin that operates a gold and silver backed digital currency platform (KAU for gold, KAG for silver) with physical bullion held in nine vaults worldwide. The Themis bar line is the physical side of that system, though you can buy the bars independently of the digital platform. The facility runs ISO 9001:2015 certified production with in-house lab testing and a capacity of around 200,000 pieces per month, modest next to a major sovereign mint but substantial for a private operation.

The practical appeal of the 5 oz format is its middle position on the weight scale. Premiums on 5 oz silver bars sit between 1 oz and 10 oz bars: cheaper per ounce than buying five 1 oz bars, without the larger outlay a 10 oz bar requires. The trade-off with the Themis specifically is brand recognition. Kinesis Mint is a young private mint whose LBMA accreditation is not confirmed, so resale markets are narrower and buyback prices typically lower than for bars from long-established refiners. It makes most sense for buyers already inside the Kinesis ecosystem, or those happy to accept a thinner secondary market in exchange for the design and the format.

5 oz Themis Silver Bar Specifications

Exact dimensions for the silver bars are not published by the mint. The silver Themis range covers three sizes: 1 oz, 5 oz, and 100 g, all at .999 purity. The gold side of the range runs from 1 g up to 50 g and each gold bar carries a unique laser-engraved serial number; the mint does not state the same for the silver bars. Kinesis also produces a separate round format under the Ma'at design (the Egyptian goddess of truth), so a Kinesis round and a Kinesis bar will not match visually. Production includes tamper-evident packaging, though the mint has not published the specific details of how it works.

Tax Treatment of the 5 oz Themis Silver Bar

Silver bars are taxed less favourably than gold in several major markets, and the Themis follows the standard rules for .999 fine silver.

• UK: 20% VAT on purchase. As a bar with no legal tender status it is also liable for Capital Gains Tax on disposal, making it less tax-efficient than a CGT-exempt UK coin.
• EU: new silver bars attract the full national VAT rate, typically 17-27% depending on the country.
• US: no federal sales tax; state rules vary, and most states exempt bullion. Long-term gains are taxed at the collectibles rate of up to 28%. IRA eligibility requires .999+ silver from an accredited refiner; Kinesis Mint's accreditation status is unconfirmed, so treat IRA eligibility as uncertain and dependent on the custodian.
• Canada: GST/HST exempt, since the bar meets the 99.9% federal purity threshold.
• Australia and New Zealand: GST-free as investment-grade silver at 99.9% purity.
• Singapore and Hong Kong: no GST on qualifying investment silver in Singapore and no sales tax at all in Hong Kong, with no capital gains tax in either.

Kinesis Money is headquartered in Brisbane, and local availability is likely stronger in Australia than in other markets.

Themis vs Heraeus, Sovereign Mint, and Other Private Bars

Against an LBMA-accredited refiner bar such as the 5 oz Heraeus silver bar, the Themis gives up resale strength. LBMA-accredited bars command better buyback prices and wider dealer acceptance; private-mint bars without confirmed accreditation typically sell back at melt value with little brand premium recovered. PAMP Suisse and Valcambi sit in the same accredited category, with decades of history and tighter spreads.

Sovereign mint bars, such as those from the Perth Mint or Royal Mint, add government backing on top of established liquidity. The Themis is private issue with no sovereign guarantee, which matters most at the point of sale rather than purchase: dealers price what they can confidently re-sell. Geiger Edelmetalle offers a closer comparison among private mints, but as a long-established German operation it carries stronger European recognition than the newer Istanbul facility.

On format, the 5 oz weight itself is a North American convention more than a global one; European and Asian markets trade metric sizes such as 100g and 1 kg far more heavily. Buyers wanting maximum weight for their money usually step up to 10 oz silver bars, where per-ounce premiums fall further. The case for the Themis at 5 oz is specific: a mid-size minted bar with a distinctive justice motif, most relevant to holders of Kinesis's KAU and KAG digital currencies who want physical metal from the same system.