20g Gold Bar Perth Mint Kangaroo

The Perth Mint 20g gold bar from the Kangaroo minted bar range is a small, sealed bar of 99.99% pure gold made in Western Australia. It holds 0.643 troy ounces of fine gold and is sold by several Australian bullion dealers. This page puts their offers in one table, so you can compare the final price for the same bar before you buy.

What is the Perth Mint Kangaroo 20g gold bar?

The Perth Mint has refined and struck precious metals since 1899 and is owned by the Government of Western Australia. Its Kangaroo minted bars come in eight sizes, and the 20g bar is one of them. According to the Perth Mint, each bar shows:

• the Perth Mint swan logo, its LBMA registered mark, on the front
• a stylised kangaroo motif on the back
• the weight and fineness stamped on the bar

Every bar comes in tamper-evident packaging with a serial number. The blister shows the word VOID around the edge if someone has prised the card open, so you can see at a glance whether the seal is intact.

Specifications

• Metal: gold
• Minimum gross weight: 20 g
• Gold content: 0.643 troy oz
• Fineness: 99.99% (Au .9999)
• Maximum size: 31.80 x 18.80 x 2.90 mm (Perth Mint figures; actual size varies slightly)
• Producer: Perth Mint, Australia
• Form: minted bar in a sealed card with its own serial number (Perth Mint SKU 10P84CXA)

Not sure how grams relate to ounces? Our guide to the troy ounce explains the difference.

Who is this bar for?

Is a 20g bar the right size for you? It tends to suit:

• Buyers who want more gold per purchase than a 5g or 10g bar, but less outlay than a full ounce.
• Regular savers who prefer fewer, larger purchases to keep the premium per gram down.
• Investors who like holding gold in pieces that can be sold one at a time later.

Keep in mind that small bars cost more per gram than large ones. Minting, packaging and handling cost roughly the same for a small bar as for a bigger one, so that cost is spread over less gold.

What to check before you buy

How much are you paying above the value of the gold itself? The price per bar is only part of the answer:

• Premium over spot: multiply the live gold price per gram by 20 and compare the result with each offer. Our article on the gold premium over spot in Australia shows what is usual.
• Shipping and pick up: some dealers charge for insured delivery, others offer free shipping above a set order value or collection in store. This can change which offer is cheapest.
• Same bar, same brand: check that the offer is the Perth Mint Kangaroo minted bar and not another brand of the same weight.
• Seal and serial number: keep the card sealed. A dealer may offer less when you sell a bar whose packaging is opened or damaged. Our guide on how to spot fakes covers basic checks.
• Storage: decide where the bar will be kept. See our tips on storing gold safely.

GST and tax in Australia

Gold of at least 99.5% fineness in investment form counts as a precious metal for GST purposes, so a private buyer pays no GST on this bar. When you sell, any gain is generally a capital gain, and Australian residents who held the metal for at least 12 months can usually apply the 50% CGT discount. Our page on tax on gold in Australia explains the ATO rules. Check your own case with a tax adviser.

Perth Mint Kangaroo bar or another 20g gold bar?

The same weight is also made by Swiss refiners. Compare the 20g Gold Bar PAMP Fortuna and the 20g Gold Bar Valcambi, which hold the same amount of gold. You can see all of them in the 20 gram gold bars category.

The Perth Mint bar is a local product. Some buyers prefer it when they plan to sell back to an Australian dealer, as the brand is well known across the country. Would a different size suit you better? Compare the 10g Gold Bar PAMP Fortuna and the 1oz Gold Bar Perth Mint, or browse all gold bars.

Thinking about a coin instead? A gold Kangaroo coin is legal tender and usually carries a higher premium than a bar of similar weight. Our guide to the cheapest way to buy gold in Australia compares bars and coins.