Johnson Matthey Gold Bar – Everything You Need to Know (2023)

Johnson Matthey Gold Bar is one of the most recognizable gold bullions in the world. A British multinational manufacturer, Johnson Matthey, made these bars. Percival Norton Johnson and George Matthey established the company as a gold assaying business in London.

Johnson matthey gold bar
Johnson Matthey Gold Bar

It is a remarkably diverse company with activities in various industries, including pharmaceuticals, medicine, and the automotive industry, unlike many other makers of precious metals bullion. Johnson Mattey, a 200-year-old company has 10,000 employees globally. The gold and silver bullion produced by Johnson Matthey is highly prized in almost all markets.

History of Johnson Matthey Gold Bar

In 1946, Johnson Matthey exploded onto the precious metals market when the British government allowed the company to become the only maker of silver coins in the UK. Since then, Johnson Matthey has gained a reputation worldwide for the quality and variety of their bullion.

Johnson Matthey Gold Bar has emerged as one of the most popular gold bullion items on the market. They have produced a wide range of gold bar goods, including different weight denominations, in refineries around the globe.

The Gold bars were manufactured at several refineries including Australia, Belgium, Hong Kong, the United Kingdom, Canada, and the United States. Currently, The only refineries producing gold bullion bars are those in Salt Lake City, Utah, and Brampton, Canada.

Physical Features of Johnson Matthey Gold Bar

Design of the Bar

Johnson Matthey bars come in a wide range of sizes and designs. Although some incredibly distinctive beautiful designs are available for all kinds of special occasions, most are relatively simply made.

Johnson matthey gold bar
Design of Bar

Gold bars frequently have a relatively simple design compared to the complicated, multiple-pressed, and highly expensive minting procedure utilized for other forms of gold bullion. The bars’ patterns are not all alike, though, and if investors prefer a polished appearance, they can find more elaborate designs.

The Johnson Massey logo, which consists of two crossed hammers, is located next to the initials “JM” on the front “obverse” side of the rectangular bar. Behind the emblem, the name “JOHNSON MATTHEY ASSAYERS & REFINERS” appears, followed by the fineness “FINE GOLD 9999” to denote the caliber of the bullion. Some Johnson Matthey bars include a distinctive serial number after the weight, “1 OUNCE TROY”, but not all do. Minted bars are usually more flat, formed from “blank” presses cut to precise proportions and cut from solid sheets of gold.

Specifications 

Johnson Matthey offers gold bars in bigger sizes, from one ounce to one kilogram. Each gold bar has a serial number at the bottom and the Johnson Matthey emblem at the top.

TROY OUNCE SIZES:  1/10th, 1/4th, 1/2, 1, 2, 5 and 10

GRAM SIZES:                1, 2.5, 5, 10, 20, 100 and 500

Even though considerably larger quantities are available, the 1 oz. And 10 oz. Johnson Matthey Gold Bars are the most commonly found in this weight. Every Gold Bar authorized is—9999 (99.99% pure gold).

Price of Johnson Matthey Gold Bar

Gold bars don’t function as legal tender like bullion coins do. Hence they have no transactional value. But when buying physical gold, gold bars have several advantages over gold coins.

Compared to the cost of minting gold coins, such as the Johnson Matthey Gold Bar can be significantly lower. Hence, their market price, consisting of the value of the bar’s gold content plus transportation and manufacturing costs, is frequently remarkably similar to gold’s current price or trading value. A highly economical way to own gold is through gold bars.

The value of Johnson Matthey Gold Bars will fluctuate daily due to regular fluctuations in gold prices. It is simple to keep track of gold’s worth because most significant media publish its daily price.

How to Use an IRA to Invest in Johnson Matthey Gold Bars

The IRS permits Individual Retirement Accounts (IRAs) that agree with certain conditions to hold precious metal bullion as an investment in a portfolio.

IRS approves bullion for self-directed IRAs only, thus they are often referred to as ‘precious metals IRAs’. Gold, silver, platinum, and palladium bars and coins qualify as precious metals.

Every Johnson Matthey gold bar satisfies the minimal purity standards outlined in Internal Revenue Code section 408. (b). To start a precious metals IRA, the account holder must purchase at least $5,000 worth of eligible bullion. 

When an investor purchases Johnson Matthey Gold Bars, the IRS mandates that they keep all coins and bars in a recognized ‘depository.’ The depository is responsible for securely storing and maintaining the bullion.

Our Top Picks for Gold IRA Companies:

  •  Augusta Precious Metals: A gold IRA supplier focusing on gold and silver IRAs is Augusta Precious Metals. The business features skilled management and a dedicated compliance department.
  •  Noble Gold: Noble Gold is a precious metals merchant based in California. One of the most alluring precious metals dealers on the market additionally they provide competitive prices and cheap costs.
  • Birch Gold: Birch Gold Group is a gold IRA dealer based in Burbank, California and it was founded in 2003. The business collaborates with all reputable custodians, including Equity Trust and STRATA Trust, and provides its clients with gold, silver, platinum, and palladium bullion products.

Summary

The company’s headquarters are in Salt Lake City, and Johnson Matthey is well-known in the industrial metals refining sector. Furthermore, for investors, the business created a variety of gold and silver bars.

Johnson Matthey sold its precious metals refining operations to the Japanese company Asahi in 2014, and Asahi continues to produce gold and silver bullion bars in Salt Lake City. 

To avoid purchasing phony gold bars, we recommend you check out our Best gold IRA companies 2023  so you can buy directly from reputable gold bullion companies. 

If you’re interested in learning more about how to invest in gold for retirement, you can get a free guide. Just click on the link below:

Get Free Guide

Have any thoughts on this article? Let us know in the comments!