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Gold Tola - What Is It?

Friday, June 18, 2021

Have you ever wondered what gold tola bars are? If you have ever noticed gold tolas alongside gold bars and wondered what they are and how are they different, you will find out in this article.

You will learn the history of gold tolas, when they were first used and why. You will find out what distinguishes gold tolas from standard gold bars. Finally, we will look at why you may want to invest in gold tolas in comparison to standard gold bullion bars.

A Unit of Weight

The tola is a traditional, ancient Indian weight measure. It is now standardised as 180 troy grains or 11.66 grams. The tola has been used in South Asia for hundreds of years as a standard weight for coins. In fact, the very first Indian rupee, minted between 1540–1545, weighed one tola.

The official weight of a tola has slightly changed over the years and become more standardised. Previously one tola has been equivalent to 175.90 and 179.66 troy grains, depending on the region. But from 1833, the tola became a standardised unit of 180 troy grains or 11.66 grams.

In 1956 the tola was replaced by the metric system and, therefore, is no longer used for currency. However, the tola continues to be used for gold bullion bars in Bangladesh, India, Nepal, Pakistan and Singapore, and tola gold bars are produced by bullion mints all around the world. Tola bars are produced up to a fineness of 999.9.

Why Asian Gold is Measured in Tola?

Some Asian, especially South Asian gold, is measured in tolas because it has been used for many years. The term tola dates back to the Vedic age, when weights were made based on seeds. Traditionally, the weight of a tola was 100 ratti seeds.

The use of the tola weight was widespread, with people measuring many everyday items, not only money, using tolas. Due to this, using the tola for many hundreds of years resulted in the tolas becoming ingrained in South Asian cultures.

Even though currencies in South Asian countries changed to the metric system in the middle of the twentieth century, other uses for the tola, such as for weighing gold bullion, have continued.

Gold Tola Bars

Our range of tola bars includes PAMP Fortuna minted bars with Veriscan security in 1 Tola, 2 Tola, 3 Tola and 5 Tola sizes and 10 Tola Cast Gold bars by PAMP and Credit Suisse. We also stock Valcambi minted bars in certicard packaging in 1 Tola and 2 Tola sizes.

Why Buy Pamp Tola Bars?

PAMP is one of the most prestigious and well-known bullion mints in the world. PAMP has one of the most technologically advanced gold refineries in the world, using some of the most sophisticated security measures.

Lady Fortuna

PAMP Suisse was the first to decorate gold bars on the reverse side. The most famous design is the Lady Fortuna, which features a blindfolded woman with a cornucopia. This design has become synonymous with the PAMP brand.

PAMP emphasises intrinsic beauty and value in their precious metals. This can be seen in their range of decorative motifs used to embellish their gold and silver ingots. These designs are based on mythological and astrological themes.

Veriscan

PAMP’s latest security system, VERISCAN, helps to simplify the validation of PAMP’s products. The system works in a similar way to fingerprint readers.

The idea is that every product made, even though they go through the same manufacturing process, all finish with unique surface profiles. At the end of the production process, PAMP scans each bar and logs the profile of the surface in a database. Then investors can simply download the VERISCAN application to their phone and scan the bar to find out if the bar is genuine.

CertiPAMP

PAMP’s minted bullion comes sealed with an assay card inside, known as CertiPAMP. The bars are never touched because breaking the seal can reduce its value. The CertiPAMP card is tamper-proof and comes from the refinery.

Every CertiPAMP assay card is factory-sealed on the minted bullion so that each bar has the assayer’s signature, the bar’s serial number, as well as the bar’s weight and purity. These assay cards help assure the quality and authenticity of every minted gold bar and have helped PAMP Suisse become the largest manufacturer of minted bullion bars.

Advantages of Buying Tola Gold Bars

The main advantage of buying a tola bar is that it is 1.66g heavier than a 10g bar. Depending on the size of your budget, this could be a convenient weight for you because instead of buying a 10g bar and two 1g bars of gold, you can buy a 1 tola bar and save money on the premium.

Why Buy Tola Bars from Us?

We offer bulk discounts on all our bullion products. Our bulk discounts make it cheaper to buy 5 or 10 tolas. You also have the option of taking delivery of your bullion or you can have your bullion stored securely. Our gold tola bars are VAT-free and we offer market-leading prices.

If you want to buy gold bullion or silver bullion, we sell a range of bullion coins and bars at the best market prices. From 1/10 oz coins to 1kg gold bars, we have something to suit all budgets and investments goals.

What Are The Different Gold Coins?

Monday, June 14, 2021

If you want to invest in gold coins or just want to know more about them, this article is going to answer your questions. We will look at the gold coins produced by mints all around the world, including their purities, sizes and their history.

European Gold Coins
Gold Sovereigns

Date of first mint: 1489
Purity: 916.7
Sizes: full Sovereign (7.9g), half Sovereign (3.99g), and quarter Sovereign (2g)

Gold Sovereigns have existed for over 500 years and are recognised as legal tender in over 20 countries. Because of their legal-tender status, they are free from both VAT and CGT.

Gold Sovereigns are made from 916.7 fine gold, and they feature the design of St. George and a dragon, which has been struck on Sovereigns for over 200 years.

Gold Britannias

Date of first mint: 1987
Purity: 999.9
Sizes: 1 oz and ¼ oz

Britannias were first released in 1987. They are named after the iconic character Britannia, who has featured on every British monarch’s coinage since the 17th century and who has become the symbol of Great Britain.

Gold Britannias are available in 1 oz, ½ oz, ¼ oz and 1/10 oz weights. Due to them being made by The Royal Mint and being legal tender, all gold Britannias are exempt from VAT and CGT.

Austrian Philharmonic

Date of first mint: 1989
Purity: 999.9
Sizes: 1 oz, ½ oz, ¼ oz, 1/10 oz

The Austrian Philharmonic was first minted in 1989 and is available in several sizes. The coin is one of the purest in the world with a 999.9 gold fineness.

The coin pays homage to Austria’s love of classical music by featuring various, intricately designed musical instruments on the coin’s reverse side. The front of the coin features the now-famous pipe organ from the Goldener Saal of the Viennese Musikverein.

African Gold Coins
Krugerrands

Date of first mint: 1967
Purity: 916.7
Sizes: 1 oz, ½ oz, ¼ oz, 1/10th oz

The Krugerrand, first produced in 1967, was the first coin to contain one troy ounce of gold. After more than 50 years of production, the Krugerrand is one of the bestselling gold bullion coins around the world.

Demand for the 1 oz gold coin grew over the first decade of production, and by 1980, the Krugerrand accounted for 90% of the global gold coin market. In 2017, the Krugerrand celebrated its 50th year as the top-selling gold bullion coin in the world.

US and Canadian Gold Coins
US Buffalo

Date of first mint: 2006
Purity: 999.9
Sizes: 1 oz

First minted in June 2006, the US Buffalo gold coin was the first 999.9 fine gold coin produced by the United States Mint. According to US law, the gold used to make Buffalos must be from newly mined sources. The United States Mint’s Gold Buffalo coins are the only official investment-grade gold bullion coins whose weight, content and purity are guaranteed by the United States Government.

US Eagle

Date of first mint: 1986
Purity: 916.7
Sizes: 1 oz, ½ oz, ¼ oz, 1/10 oz

Shortly after Krugerrands were declared illegal due to South Africa’s stance on Apartheid in 1986, the U.S. government capitalised on the opportunity and started producing American Eagles. The design features a design of Lady Liberty, which first appeared on the Double Eagle from 1907–1933.

There are two main varieties of American Eagle coins: proof and uncirculated. Uncirculated coins are those that have never been circulated through the population, whereas their proof coins are made to the highest standard and are preserved in immaculate condition.

Canadian Maple

Date of first mint: 1979
Purity: 999.9
Sizes: 1 oz, ½ oz, ¼ oz, 1/10 oz, MapleGram25

The Canadian Maple Leaf gold bullion coin is minted by the Royal Canadian Mint and was first introduced in 1979. This coin features the maple leaf, the symbol of Canada.

The modern Canadian Maple Leaf coin has several design and security features, including a textured maple leaf, which is laser engraved with the year of the coin’s minting, as well as raised lettering and intricate coin details.

Australian Gold Coins
Australian Gold Nugget (Kangaroo)

Date of first mint: 1987
Purity: 999.9
Sizes: 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/20 oz

One of the most popular gold bullion coins in the world, the Australian Gold Kangaroo was first minted in 1987 to celebrate Australia’s natural heritage. The coin has a gold fineness of 999.9, making it one of the purest in the world.

The design of the Kangaroo series changes every year, making it popular with both investors and collectors. The Perth Mint, which produces these bullion coins, also offers coins in silver and platinum.

Middle Eastern Gold Coins
Bahar Azadi

Date of first mint: 1979
Purity: 900
Sizes: 8.13g

The Bahar Azadi is a gold bullion coin minted by the central bank of Iran. First minted in 1979, the Bahar Azadi has become one of the most popular gold bullion coins in the Middle East.

The design changed after 1989 in order to commemorate the death of Ayatollah Ruhollah Khomeini. These coins feature on the reverse a design of a mosque and calligraphic script reading the Central Bank of the Islamic Republic of Iran and Bahar Azadi.

Asian Gold Coins
Chinese Panda

Date of first mint: 1983
Purity: 999
Sizes: 30g, 15g, 8g, 3g, 1g

The Chinese Panda gold bullion coin is a very popular coin. Part of its popularity stems from its intricate design of a panda, which changes every year, resulting in many collecting the yearly designs.

Both for Chinese people and collectors, the value of the Chinese Panda gold coins is not only due to the gold content and the quality of craftsmanship but because of the iconic Panda design itself, which is an important symbol in Chinese culture and history.

Interested in Buying Gold Coins?

If you want to buy gold bullion or silver bullion, we sell a range of bullion coins and bars at the best market prices. From 1/20 oz coins to 1kg gold bars, we have something to suit all budgets and investments goals.

Operational Update

Friday, May 28, 2021

Spring Bank Holiday Office Closure

Our website will remain fully operational to accept orders throughout the Bank Holiday weekend.

Our offices will be closed from 1600 on Friday 28th May 2021 until we re-open at 0930 on Tuesday 1st June 2021.

Order dispatch will be suspended from 1400 on Friday 28th May 2021 until our offices re-open on Tuesday 1st June 2021.

We wish all of our customers a happy, peaceful and healthy Bank Holiday weekend.


Thursday April 1st 2021

Easter Bank Holiday Office Closure

Our website will remain fully operational to accept orders throughout the Easter weekend.

Our offices will be closed from 1630 on Thursday 1st April 2021 until we re-open at 0930 on Tuesday 6th April 2021.

Order dispatch will be suspended from 1400 on Thursday 1st April 2021 until our offices re-open on Tuesday 6th April 2021.

We wish all of our customers a happy, peaceful and healthy Easter.


Monday, March 1st 2021

Unprecedented demand continues for physical precious metals and whilst we are delighted that so many customers, old and new, put their faith in us to supply their requirements, the sheer level of demand is continuing to cause delays in sending out orders.

All acknowledged orders are safely price locked and allocated to existing stock, or, where notified, to scheduled deliveries from our suppliers. Your orders are safe and will be supplied as quickly as we are physically able, but we ask for your patience and understanding during this period when it is taking longer than usual for us to ship orders.

We have re-assigned some staff members to our packing department and our team is working extended hours in a continuing effort to reduce delivery delays as far as possible.

Please assist us in our efforts by not calling in or emailing to request dispatch information as this takes staff members away from the primary task of getting goods shipped to our customers. Our system will send an email to confirm when an order has been shipped.

At present, we are managing to ship the vast majority of orders within seven days and will continue to make every effort to reduce these delays over the coming days and weeks.

Thank you to all of our customers for your continuing support and patience.


Monday, February 1st 2021

Since February 1st we have seen a huge increase in silver demand from our customers and increases in premiums from manufacturers and suppliers as global demand increases.

Over the last weekend we have received the equivalent of three weeks’ worth of orders in the space of 48 hours!

We would like to thank our customers, old and new, for their patience during these turbulent market conditions.

Our staff have acted quickly to secure additional stocks and to cater for the increased demand going forward.

It is our intention to dispatch all currently received orders in the next 7 – 14 working days.

All the products that are listed for sale are either in stock or on order from our suppliers, with a firm commitment date for delivery to us, giving customers the opportunity to lock in the current metal price at the time of order.

We would like to assure all our customers that we are working hard to dispatch orders with the least delay possible whilst social distancing and observing other measures that are in place to keep our staff safe.