Do you know what are Gold casting bar and Minted bar? What are their differences and similarities?
Today we will be identifying the differences between Cast bars and Minted Bars. We have made a summarised version of the differences between the two type of Gold bars.
The traditional method to cast (i.e. pour) Gold is to melt it in a crucible into a mould with appropriate dimensions. The cast will have the refiners hallmark stamped into it along with its weight and purity.
Let’s take a look at some of the Advantages of Cast Bars: –
- Cast bars’ beauty lies in their simplicity. It is the cheapest method of producing Gold.
- Its popularity stems from the cost-savings achieved in the manufacturing process, resulting in a much lower price paid for the gold weight.
- Each bar manufactured is unique. Many investors turn into collectors that place a value on the uniqueness of the gold bar.
Cast bars can be manufactured in all sizes and shapes, ideal for industrial fabrication and jewellers.
- Cast bars can be handled and touched and require less packaging. So if you want to hold your Gold and feel it, cast bars are the way to go.
What are some of the Disadvantages of Cast Bars?
- Gold Cast bars are engraved with only a few markings. Its simplicity with minimal security features may result in cast bars being easy to counterfeit. Manufacturers brand their hallmark and record the bar’s serial numbers in their database to manage counterfeit risk.
- Cast bars appear rugged and rough and may not be preferred by investors looking for neat, shining looking bars.
- Cast bars have limited or no artistic value. Therefore, from an aesthetic standpoint, it adds little value to the gold bar.
Minted gold bars were traditionally processed like cast bars through a compression machine to have a more uniform shape and size. As a result, all the surfaces (top, base and sides) are smooth and even. A minting press typically applies markings.
Let’s take a look at some of the Advantages of Minted Bars: –
- Minted bars’ beauty lies in its intricate designs, artwork and attention to detail of the gold bar.
- Added security features can be incorporated into the gold bar’s manufacturing process, making it more difficult to counterfeit.
- Certain Minted bars receive the same attention in the designs and manufacturing process as coins resulting in collectors’ value.
Minted bars are often sealed with a certificate integrated into a protective sealed packaging making these bars easier to sell.
Minted bars are trendy and are regarded as more valuable than cast bars. This feature of the minted bar makes it easier to sell at a higher value.
Minted bars of a specific range manufactured by the same refinery has a uniform appearance and are therefore easily identifiable when trading these gold bars
There are some Disadvantages of Minted Bars: –
- The production of minted bars requires special dies that are manufactured ahead of time. Each bar requires secure packaging to preserve the design. The requirements of minted bars add to their price, making them extensively more expensive than cast bars.
- Minted gold bars require careful handling as fingerprints or even minor marks diminish the bar’s value.
Stacking minted gold bars is more difficult as you cannot touch these bars with your hands.
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