When people in Australia look to buy or sell gold, two of the most common forms they come across are gold bars and gold coins. Both are highly trusted and widely recognised around the world, but they each serve a slightly different purpose. If you have ever wondered whether gold bars or gold coins are the better choice for you, it helps to understand how they differ.
In this article we will explain the key differences between gold bars and gold coins, including cost, resale, storage and design. The aim is to give you the knowledge you need to choose the right form of gold for your needs.
What Are Gold Bars?
Gold bars, sometimes called ingots or cast bullion bars, are rectangular blocks of refined gold. They are produced in a wide range of sizes, from as small as 1 gram all the way up to 1 kilogram or even more.
Bars are stamped with important details including their weight, purity, the mint or refinery, and often a unique serial number. These details provide assurance of authenticity and make them easy to trade.
Gold bars are often chosen by people who want the most gold for their money. Because they are cheaper to produce than coins, bars usually come with lower premiums over the spot price of gold. They are also easy to stack and store securely, which makes them a practical option for anyone buying larger amounts.
Gold cast bullion bars are not to be confused with Minted bullion bars. In this post we will be referring to the differences between Cast bars & Coins. Please see the blog post HERE for more information on Minted bullion bars
What Are Gold Bullion Coins?
Gold coins are minted pieces of bullion that combine the value of their gold content with an official design and legal tender status. Many coins are backed by governments, which gives them a high level of trust and recognition.
Some of the most popular gold coins in Australia include the Perth Mint’s Australian Kangaroo, the Canadian Maple Leaf and the British Britannia.
Gold coins are available in a variety of weights from 1/20 ounce to 1 ounce. This makes them easier to buy and sell in smaller amounts. They also tend to be more attractive, with designs that appeal to both collectors and buyers who want something visually striking.
22 Carat Gold Coins vs Pure Bullion Coins: What You Need to Know
Gold coins come in many forms, and one of the key differences buyers notice is the purity of the gold. Some coins are made from 22 carat gold while others are struck in 24 carat (pure) gold bullion. Both are widely recognised and highly trusted, but they are not the same.
If you are considering buying or selling gold coins in Australia, it is worth understanding the differences between 22ct gold coins and pure bullion coins.
What Does 22 Carat Mean
Gold purity is measured in carats. Pure gold is 24 carats, which means it is 99.99 per cent pure. A 22ct coin contains 22 parts pure gold and 2 parts other metals such as copper or silver. This makes the purity around 91.6 per cent.
The addition of other metals makes the coin stronger and more resistant to scratches or wear. That is why many traditional gold coins, including some of the most famous designs in the world are made from 22ct gold, some examples include, The American Gold Eagle, The British and Australian Sovereign, The South African Krugerrand, The Australian $200 gold coin.
Key Differences Between Gold Bars and Gold Coins
When comparing gold bars with gold coins there are four main factors to consider.
Price premiums
Gold bars usually have lower premiums because they are simpler to produce. Coins generally cost a little more due to minting costs, official designs and limited releases.
Resale and flexibility
Bars are ideal for selling in bulk, but at times can require you to part with a larger amount of gold in one transaction. Coins are more flexible because you can sell them in smaller quantities, which may suit people who want to sell gradually.
Design and collectability
Bars are produced with a simple stamp showing their weight and purity. Coins often feature intricate designs that make them more appealing, and in some cases collectable.
Pros and Cons of Gold Bars and Gold Coins
Here is a simple comparison of the main points.
| Gold Bars | Gold Coins |
| Lower premiums over spot price | Higher premiums due to design and minting costs |
| Best suited for buying or selling in larger amounts | Easier to sell in smaller quantities |
| Compact and easy to store | Recognised worldwide, often with government backing |
| Minimal design, focused on weight and purity | Attractive designs and collectable appeal |
Which Is Right for You
The choice between gold bars and gold coins really depends on your circumstances and what matters most to you.
If your priority is getting the most gold for your money and storing it as efficiently as possible, gold bars may be the better option. If you value global recognition and attractive designs, gold coins could be the way to go.
At Imperial Bullion we make it easy to buy and sell both gold bars and coins. Our pricing is transparent, our products are authentic and our team is here to help you every step of the way.
How Imperial Bullion Can Help
Imperial Bullion specialises in buying and selling gold bars and gold coins in Australia. We offer:
- Live prices updated daily
- Competitive buy back rates
- Authenticity checks on every product
- Secure and discreet transactions both online and in store
Whether you prefer bars or coins, you can be confident knowing you are dealing with a trusted Australian bullion dealer.
You can view our live gold sell prices or explore our gold buy range anytime.
Frequently Asked Questions
Neither is better in every situation. Bars are more cost effective for larger purchases while coins are more flexible and highly recognisable.
Yes, coins generally carry a higher premium over the spot price because of the costs involved in minting and their collectable appeal.
You can buy and sell with Imperial Bullion. We provide transparent pricing, authentic products and professional service both online and in store.
We have 4 convenient locations across South East Queensland including:
– Hamilton
– Westfield Carindale
– Westfield Chermside
– Toowoomba
It depends on your preference. 22ct coins are durable and historic, they also incur GST, while 24ct coins are considered bullion, offer maximum purity and are GST free.
Adding copper or silver makes the coin more durable and resistant to wear. This was especially important for coins that circulated as currency in the past.
Final Thoughts
The decision between gold bars and gold coins comes down to what works best for you. Bars are simple, efficient and cost effective while coins provide flexibility, global recognition and a touch of artistry.
Imperial Bullion is here to provide you with both options. Whether you are looking to buy gold coins in Australia, sell gold bars securely, or simply learn more about bullion, we are ready to help.Explore our full range of gold bullion products today and check the latest live prices.
