What is Bullion?
Pronunciation: ‘bul-y&n, -“yän
gold and silver regarded as raw material
gold or silver in the form of ingots, bars, or sometimes coins
What is the difference between purchasing a minted gold bar and Kruger Rand?
A Kruger Rand is only 22 carat gold (91,67% Gold) and a minted gold 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 jeweller) may manufacture jewellery using a minted bar
Is it illegal to own a minted 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 that reflects the unique serial number of the bar. The bar and serial number are packed in a tamper – proof container that will indicate if the bar has been tampered with.
How am I assured of the quality of my minted gold 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?
Prices are for immediate approval, all quotations are valid for 1hr only. Receipt of the proof of payment secures the price.
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 we buy back the minted gold bars even if the gold price increases?
We will repurchase minted bars. Phone us for a quote.
How do I order?
- Place your order online. We will then either contact you telephonically or send you an email confirming your order and the price fixing. Order processing will not begin until we receive a confirmed order.
- On acceptance of the order and price fixing, you are required to make full payment within 1 hour. Your order will only be packaged and shipped, once all funds have been processed and cleared through our bank.
- Email your proof of payment to: email@example.com or Fax to: 021 510 0778
- A confirmation of payment email will be sent to you with the courier company details and waybill number. Please do call the courier company to track your parcel.
What are the trading hours for setting prices?
Trading hours are Monday to Thursday 08h00 to 15h00 and Fridays 08h00 to 13h00. Should your order fall within business hours, your order and price fixing will be confirmed the same day. If the order is placed after business hours, your order will be processed the next business day. Public Holidays are considered as after business hours.