Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin AuctionsRoyal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Dumb Question On One Ounce Gold Bar "Wrappers"

To participate in the forum you must log in or register.
Author Previous TopicReplies: 5 / Views: 1,495Next Topic  
New Member

United States
26 Posts
 Posted 11/16/2017  4:27 pm Show Profile   Bookmark this topic Add ssenator to your friends list Get a Link to this Message Number of Subscribers
I know they have these transparent, plastic, airtight containers that provide a perfect fit for a gold coin. What do people do when they get a one ounce bar of gold? Is their a similar type of container or do you keep it in some shrink wrapped container that it comes in?

*** Moved by Staff to a more appropriate forum. ***
Moderator
Learn More...
Sap's Avatar
Australia
16846 Posts
 Posted 11/16/2017  6:52 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Coins have these "wrappers" for protection. In a sense, .9999 gold bullion bars do not need that protection.

Pure gold, by definition, does not oxidize or corrode, or even tone, so they do not need protecting from the air. Gold coins, particularly those made for circulation, are not .9999 fine but are diluted to make the metal stronger, but this also makes them more vulnerable to toning. And gold bars do not necessarily need to be protected from scratches and dents the same way as collectable gold coins do, since people usually do not "collect" them as individual items like coins, but merely as pieces of gold. Who cares if your gold bar is scratched and dented, so long as it still weighs 1 ounce?

Coins, being round, are also kind of awkward to store in square boxes or containers, so putting them in square or rectangular holders make them easier to store. Bars and ingots are already rectangular, and are usually designed to be literally, physically stacked on top of each other easily.

The only benefit a "wrapper" for a bullion ingot provides is as assurance of authenticity from whoever it is that made or sold the ingot. Of course, if a counterfeiter can make a realistically fake gold bar, then making a fake plastic wrapper for it should be simple for them, so I'm not entirely sure how much assurance such a wrapper can actually provide. Conversely, a gold bar entombed in a slab of plastic cannot be readily examined and tested for authenticity.

In short, there are many reasons why gold coins "need" these wrappers, and gold bars do not.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 11/16/2017  7:43 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
There are zillions of fake gold in "original" fake sealed cards.

Buy from one of the folks who advertise on this site and you dont have to worry about any of that.
Pillar of the Community
BadDog's Avatar
United States
1375 Posts
 Posted 11/16/2017  8:41 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
There are similar storage options for Ag bars and they may be available for Au bars as well.

Air-Tite has a confusing (at least to me) product page that indicates the holder is for "1 oz. Silver Bar
Royal Canadian Mint .999 Gold Bar (1 oz.)". It doesn't quite make sense to me as 1 ozt Ag bars and 1 ozt Au bars aren't the same size, but I could be misreading the product page.

Wizard Coin Supply carries most of the Air-Tite product line, so you might try contacting either them or Air-Tite to see if they have capsules for 1 ozt Au bars.
Pillar of the Community
Chute72's Avatar
United States
1314 Posts
 Posted 11/18/2017  10:15 am  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply

Quote:
1 ozt Ag bars and 1 ozt Au bars aren't the same size


Silver has a density of 10.501 grams per cubic centimeter, compared to that of gold 19.282.
Thus, a 1 ounce bar would not be the same size.

Pillar of the Community
BadDog's Avatar
United States
1375 Posts
 Posted 11/18/2017  12:28 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
That's why I said they aren't the same size.

The confusing thing is that the Air-Tite product page indicates the capsule is for both a 1 ozt Ag bar and a RCM 1 ozt Au bar.

After looking at the Air-Tite site a bit more, I found this page, which indicates that Air-Tite's 1 ozt Ag bar capsule is 50.8mm x 29.41mm x2.49mm and a RCM 1 ozt Au bar's dimensions are 50mm x 28mm x 1.5mm. So, I guess that Air-Tite thinks their capsule is close enough in size to use for a RCM 1 ozt Au bar.

By the way, that page also lists the dimensions of other non-RCM 1 ozt Au bars and the sizes don't seem to be as standardized as the sizes for 1 ozt Ag bars are. So, finding a capsule for a particular 1 ozt Au bar could be challenging.
  Previous TopicReplies: 5 / Views: 1,495Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.24 seconds to rattle this change. Forums