- What is the difference between purchasing a minted bar and Kruger Rand?
A Kruger Rand is only 22 carat gold (91, 67% Gold) and a gold minted bar is 99.99% pure gold.
- Can a Kruger Rand be melted to manufacture jewellery?
In South Africa, it is illegal for a Jeweller to melt a Kruger Rand.
- Can a minted bar be melted to manufacture jewellery?
In South Africa, only a person or company licensed to process precious metals (such as a jeweler) may manufacture jewellery using a minted bar.
- Is it illegal to own a gold bar in South Africa?
The Precious Metals Act 2005 makes provision for the South African public to own and possess minted gold bars for the first time since 1911.
- How do I know that the bars are not counterfeit?
Each bar is issued with a certificate (silver excluded) that reflects the unique serial number of the bar. The bar and serial number are packed in a tamper – proof container (silver excluded) that will indicate if the bar has been tampered with.
- How am I assured of the quality of my minted bar?
Metcon Refinery has been in operation since 1990 and is a member of the Jewellery Council of South Africa. All minted bars are manufactured in accordance with the specifications laid down by the South African Bureau of Standards – Specification SANS 29 – Articles made of Precious Metals.
- When is the price locked in?
When you accept the quotation sent by the Metcon Refinery sales team.
- How much time do I have to pay for my order?
Confirmed payment must reflect in our bank account within 24 hours of acceptance of the quotation.
- Do we offer storage of Gold?
Regrettably we may not offer storage facilities for gold or precious metal bars, however, you may store them in your own safe or bank security box.
- Will you buy back the gold bars even if the gold price increases?
We will repurchase minted bars. Phone us for a quote.