The Perth Mint storage account fees

Fees charged by The Perth Mint for buying and storing precious metals are outlined below. Fees will be charged in the currency you chose when setting up your account.

Transaction, storage and fabrication fees may be charged on investment products. The fees that apply to each product may vary and are outlined below.

Transaction fees

Depository Online

Transaction fees for Depository Online are based on the metal value of the transaction, as outlined in the table below. The minimum trade is $50.

Transaction size

Buy or sell

Transaction size

Under $50

Buy or sell

Not accepted

Transaction size

$50 - $10,000

Buy or sell

1%

Transaction size

$10.001 - $100,000 

Buy or sell

0.95%

Transaction size

$100,001 - $250,000

Buy or sell

0.75%

Transaction size

$250,001 - $500,000

Buy or sell

0.50%

Transaction size

$500,001 - $1,000,000

Buy or sell

0.25%

Transaction size

More than $1,000,000

Buy or sell

0.20%

Depository Program 

Under the Depository Program, transaction fees are based on the value of your account and the fees below will apply to all transactions no matter how small your trade is. The minimum trade size is $5,000.

Your current country of residence, not citizenship, determines whether you are an Australian/New Zealand client or an international client. Fees will change if you move to another country.

Australia and New Zealand clients

Account size (AUD)

Buy

Sell

Account size (AUD)

Under $50,000

Buy

2%

Sell

1%

Account size (AUD)

Over $50,000

Buy

0%

Sell

0%

 International clients

Account size (USD)

Buy

Sell

Account size (USD)

Under $250,000

Buy

2%

Sell

1%

Account size (USD)

Over $250,000

Buy

0%

Sell

0%

Market orders and LBMA benchmark orders

Market orders can only be placed within 10% of the current market level based off The Perth Mint spot price at the time of the request for gold, silver or platinum. Limit orders that fall outside of the 10% margin will not be accepted.

Market orders and LBMA benchmark orders attract the following fees:

Metal

Buy (per ounce)

Sell (per ounce)

Minimum trade (ounces)

Metal

Gold

Buy (per ounce)

$3

Sell (per ounce)

$2

Minimum trade (ounces)

100

Metal

Silver

Buy (per ounce)

10c

Sell (per ounce)

10c

Minimum trade (ounces)

10,000

Metal

Platinum

Buy (per ounce)

$7

Sell (per ounce)

$7

Minimum trade (ounces)

100

Certificate Program

Under the Certificate Program a minimum trade size of $5,000 applies and a fee of $50 will be charged for each certificate issued.

For transaction fees please contact your local distributor as each has its own transaction fee schedule. Find a distributor here.

Storage fees

The following storage fees apply for our Depository Online, Depository Program and Certificate Program.

Metal

Allocated

Pool allocated

Unallocated

Metal

Gold

Allocated

1% per annum

Pool allocated

Not offered

Unallocated

0%

Metal

Silver

Allocated

1.9% per annum

Pool allocated

0.95% per annum

Unallocated

0%

Metal

Platinum

Allocated

Not offered

Pool allocated

Not offered

Unallocated

0%

When storage fees are charged

For Depository Online, storage fees are calculated on daily basis using The Perth Mint Spot price closing rate for gold, silver and platinum, and are deducted from your cash account monthly.

For Depository Program and Certificate Program, storage fees are charged to your account at the beginning of each quarter and invoiced six monthly in arrears on 30 June and 31 December.

Withdrawing funds

If you withdraw all funds from your account which has no metal left in it, then amounts due from unbilled storage fees, overdue storage fees or trades will be deducted from any payments due to you.

Currency

Storage will be charged in the default currency of your account, which is determined by country of residence.

Fabrication fees

Unallocated metal

Unallocated metal does not attract a fabrication fee.

Pool allocated metal

Pool allocated silver attracts a fabrication charge of $0.50 per ounce for the Depository Program and Certificate Program, and 1.50% of the metal value for Depository Online.

Allocated metal

Allocated bullion fabrication charges depend on the bar, as per the table below:

Gold cast bars

Product code

Description

Purity (%)

Fine oz per unit

Fabrication premium

Product code

A1BD

Description

1oz bar

Purity (%)

99.99

Fine oz per unit

1

Fabrication premium

$39

Product code

A1BN

Description

5oz bar

Purity (%)

99.99

Fine oz per unit

5

Fabrication premium

$150

Product code

A1BB

Description

10oz bar

Purity (%)

99.99

Fine oz per unit

9.999

Fabrication premium

$250

Product code

A1BO

Description

20oz bar*

Purity (%)

99.99

Fine oz per unit

19.998

Fabrication premium

$400

Product code

A1BA

Description

1kg bar

Purity (%)

99.99

Fine oz per unit

32.148

Fabrication premium

$600

Product code

A1BI

Description

50oz bar*

Purity (%)

99.99

Fine oz per unit

49.995

Fabrication premium

$750

Product code

A1BJ

Description

400oz (approx) bar

Purity (%)

99.5+

Fine oz per unit

400 +/-

Fabrication premium

$2000

* Some products may be temporarily unavailable due to production lead time constraints.

Silver cast bars

Product code

Description

Purity (%)

Fine oz per unit

Fabrication premium

Product code

A2BB

Description

10oz bar

Purity (%)

99.9

Fine oz per unit

10

Fabrication premium

$39

Product code

A2BO

Description

20oz bar

Purity (%)

99.9

Fine oz per unit

20

Fabrication premium

$45

Product code

A2BA

Description

1kg bar

Purity (%)

99.9

Fine oz per unit

32.151

Fabrication premium

$60

Product code

A2BP

Description

100oz bar

Purity (%)

99.9

Fine oz per unit

100

Fabrication premium

$150

Product code

A1BL

Description

1000oz (approx) bar

Purity (%)

99.9

Fine oz per unit

1000 +/-

Fabrication premium

$1000

* Some products may be temporarily unavailable due to production lead time constraints.

Important information about fabrication fees

  • Coins are not available in the Depository.
  • Fabrication fees are not refundable and are subject to change without notice.
  • The fabrication charges shown above may at times be reduced in line with special offers.
  • The Perth Mint Depository offers cast bars only and they are not sold in packaging.
  • Only the 1kg gold bar, 400oz gold bar and 1000oz silver bar have serial numbers.
  • The weight of 400oz gold and 1000oz silver London Good Delivery bars varies per bar. Visit the LBMA site for the specifications of these bars.

Why invest with The Perth Mint

We have been refining gold and other precious metals since 1899

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Trusted

Global reputation for quality and purity of our products

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Secure

 We store more than AUD 6 billion worth of gold and silver for more than 70,000 clients in over 130 countries

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Dedicated to ethically sourced precious metals
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Guaranteed

Owned by the Government of WA with all precious metals holdings bound by a constitutional guarantee.