Precious Metals Act, 2005 (Act No. 37 of 2005)RegulationsPrecious Metals Regulations28. Form of minted precious metal bar |
| (1) | To be regarded as a minted bar, a precious metal bar must be of a size and mass as set out in Table 3 of Annexure B, and must consist of gold, platinum or palladium of the standard mass, caratage or fineness stipulated in Table 3 of Annexure B. |
| (2) | The Minister may from time to time amend Annexure B by notice in the Gazette. |
| (3) | The quantity of minted bars that may be manufactured in the country is 500 000 and this quantity may from time to time be adjusted by the Minister in consultation with the National Treasury by notice in the Gazette. |
| (4) | The general appearance of the bar in question must be such as to indicate the name of the licensee, the identifying mark of the licensee, the registration number of the licensee, the serial number of the bar and the percentage of the content of the precious metal concerned. |
| (5) | A bar must be sealed with a tamper-resistant seal before trade, and be accompanied by a certificate indicating — |
| (a) | the name of the seller; |
| (b) | the serial number of the bar; and |
| (c) | the percentage of the content of the precious metal concerned. |