1 kg Fiji Silver Coin Bar | Argor-Heraeus

Fiji 1 kg silver coin bar Argor-Heraeus — 999.9 fineness

A coin bar of 1000 g at 999.9 fineness, struck by Argor-Heraeus for the Republic of Fiji. It is legal tender with a face value of 10 Fiji dollars and ships in a sachet with a certificate of authenticity signed by the mint.

Technical specification

A coin bar — a bar that is legal tender

A coin bar has the shape and format of a classic bar but is issued by a state as circulating coinage with a face value. Legally it is a coin, practically a bar. The design exists so the product meets the requirements placed on bullion coins in some jurisdictions while keeping the convenient, stackable shape.

For a buyer that means several things at once: the guarantee of a state issuer rather than the refinery alone, a format that stores well, and recognition in buyback markets worldwide.

The Fiji crest and a clipper — the motif of this coin bar

The face carries the crest of Fiji with the weight, fineness and face value below it, and beneath that a clipper — the sailing ship that worked Pacific trade routes in the nineteenth century. The issue began in 2015 and continues.

The bar is legal tender of the Republic of Fiji with a face value of 10 Fiji dollars. It leaves the Argor-Heraeus works in a sachet with a certificate of authenticity issued and signed by the mint — unusual at this size in silver, since classic cast bars carry no certificate.

What to check before buying

Silver reacts with sulphur in the air and develops a patina over time — golden at first, later grey and blue-black. This does not affect the metal value, but on resale a piece with an even, untouched surface is valued above a blotchy one. The original packaging is therefore best left closed.

Store silver dry and away from rubber, wool and recycled cardboard, all of which release sulphur compounds. Do not clean the surface with silver polish or polishing cloths: they remove a thin layer of metal along with the patina.

VAT on silver

Silver falls outside the exemption that covers gold bullion in Poland under Article 122 of the VAT Act. The silver price includes 23 percent VAT — this applies to bars and bullion coins alike, and to platinum and palladium as well.

It is one reason silver has to move further than gold before a sale covers its cost. It is worth keeping in mind when comparing prices of the two metals.

Why GoldInvest24

We source silver only from LBMA-accredited producers and state mints, in the manufacturer's original packaging. Every shipment is insured and packed discreetly, with no markings indicating the contents. We also run a gold and silver buyback. Current quotes are on our silver price page.

Silver formats we stock

Frequently asked questions

Is VAT charged on silver?

Yes. Silver falls outside the exemption that applies in Poland to gold bullion under Article 122 of the VAT Act. The price includes 23 percent tax. The same applies to platinum and palladium.

How much fine silver does this item contain?

A fineness of 999.9 means that of 1000 parts of the alloy, 999.9 are pure silver. At 1000 g the metal content is effectively the same as the total weight.

How does a coin bar differ from an ordinary bar?

In shape, not at all; in legal status, entirely. A coin bar is issued by a state as a coin with a face value, so the issuer's guarantee stands alongside the refinery's.

Does patina reduce the value?

Not the metal value — weight and fineness are unchanged. It does affect the buyback price, since a piece with an even surface is valued above a blotchy one.

Do you buy silver back?

Yes, we buy back gold and silver. The buyback price follows the current metal quote, the condition of the surface and whether the maker's packaging is intact.