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The Rand Refinery has a rich tradition in the production and distribution of gold bullion. While its most famous association is with the South African Mint and the issue of the Gold South African Krugerrand, the Rand Refinery has its own lineup of gold bullion it refines, produces, and distributes to authorized dealers. With Good Delivery and LBMA associations, the Rand Refinery also produces gold bullion bars for investors. You can find out more details on Rand Refinery products and its history below.
One of the most popular products from mints around the globe are 1 oz gold specimens. This includes both 1 oz gold coins and 1 oz gold bars. The Rand Refinery offers only one of its own branded gold bullion products in this weight: The Gold Rand Refinery Bar. A minted ingot with sharp, defined edges and intricate design elements, the Gold Rand Refinery Bar is available with 1 Troy ounce of .9999 fine gold and is securely packaged. Each of the gold bars in this lineup from the Rand Refinery is available inside of an individual assay card pack. Whether you buy one gold bar or several, you will receive each bar with its own sealed assay capsule. The assay is available in either red or black, with the Rand Refinery name and logo on one side, and authentication details on the other.
The obverse of the 1 oz Gold Rand Refinery Bar includes a depiction of the Rand Refinery name and logo at the top of the design field. The Rand Refinery logo replicates the appearance of a melting pot used in the refining process that holds, and later pours into molds, melted gold. Below this design element, you will find a square portion of the design field that includes inscriptions of “Au,” “999.9,” and “1 oz Fine Gold.” The final inscription on this face of the bar is that of a unique serial number. All Rand Refinery gold bars have serial numbers in a two-letter, six-number code, with all codes starting “RR” for Rand Refinery.
On the reverse side of 1 oz Gold Rand Refinery Bars is a depiction of a family herd of African bush elephants. The elephants, the largest land mammals in the world, are featured marching along in a line. The lines of marching elephants alternate with each line from right-to-left marching to left-to-right marching. The family herd includes a matriarch leading the march as a young calf clutches the mother’s tail with its trunk. Another adult elephant follows-up behind the matriarch and calf. A lone inscription on this face reads “Loxodonta,” the species name in Latin for the elephant.
Aside from the 1 oz Gold Rand Refinery Bar, the other major 1 oz gold bullion item the Rand Refinery is associated with is the Gold South African Krugerrand coin. The Rand Refinery is responsible for several steps in the process of getting Gold Krugerrands out to investors. The Rand Refinery handles the raw gold and refines it into gold bullion blanks for coining. At this point, the gold blanks are provided to the South African Mint and South African Reserve Bank for the coining process. The South African Mint is the only facility in the nation with the authority to strike legal tender currency. After coining, the Rand Refinery is responsible for marketing and distributing to authorized dealers the Gold South African Krugerrands.
In addition to its support of the Gold South African Krugerrand Series, the Rand Refinery takes full control of the production of its own branded gold bullion. The 1 oz Gold Rand Refinery Bar is part of a series of gold minted ingots from the refinery. In addition to the 1 ounce gold bar, this series offers 2 Gram, 5 Gram, 10 Gram, and 20 Gram gold bars, as well as 50 Gram and 100 Gram gold bars.
The Rand Refinery also produces cast silver and gold bars for Good Delivery status. These include only a 1000 Troy ounce cast silver bar, along with 100 ounce, 400 ounce, 100 Gram, and 1000 Gram cast gold bars. The Good Delivery silver bar has a minimum fineness of .999 silver. The gold bars vary by weight, with the 100 ounce bar offering a minimum fineness of .995 gold and a serial number only as required, the 400 ounce and 1000 Gram bars featuring .995 or .999 fine gold at a minimum with serial numbers guaranteed, and the 100 Gram bar boasting a minimum of .999 fine gold content with no serial number.
The Rand Refinery was established to give South Africa domestic control over the refining of gold from its local mines. Prior to 1920, all gold mined from locations in South Africa was transported to the United Kingdom for refining. With the establishment of the Rand Refinery in 1920 by the Chamber of Mines, South Africa took over greater control of its gold supply chain. Today, it is a full-service refinery that produces or supports the production of all of the aforementioned cast bars, minted ingots, and bullion coins, as well as producing its own coin blanks, medallions, and semi-fabricated items for the jewelry industry.
Silver.com customer service is available to assist you at 888-989-7223 if you have any questions about the gold for sale from the Rand Refinery. You can also connect with us online through our live chat and email address features.