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British Royal Mint Brings Back Gold, Silver Bars After 47-Year Absence

By Kitco News
Wednesday January 21, 2014 9:00 AM

 

(Kitco News) - After a nearly 50-year hiatus, the Royal Mint announced on Wednesday its intention to offer gold and silver bars bearing the mint’s historic refinery brand.

“The Royal Mint is to bring about the return of a world-renowned bullion brand after an absence of 47 years, expanding its bullion range to offer gold and silver minted bars bearing the historic marquee of The Royal Mint Refinery,” said the mint in a press release.

The RMR brand dates back to 1852 and was operated by N.M Rothschild and Sons, the mint said, adding that the brand became a trustworthy name in the bullion market until 1968.

“The combined heritage and integrity of the two brands is an added reassurance to customers looking for a cost effective way of buying gold and silver from a trusted source.”

The mint will offer an array of bars to the public. They added that the gold bars, in particular, are exempt from the value-added tax for British citizens purchasing the product.

“[The bars] are produced in 999.9 fine gold and 999 fine silver, silver minted bars are available in One Hundred Gramme units,” they said, adding that gold minted bars will be in a variety of sizes, ranging from 1g to 100g units.

By Sarah Benali of Kitco News sbenali@kitco.com
Follow me on Twitter @SdBenali

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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