On the other hand, American Silver Eagle bullion coins, which contain 99.9% silver, are classified as Investment Precious Metals and are thus exempt from Singapore’s GST.Īmerican Buffalo 1 oz gold bullion coin, 2020, US Mint Note that as 99.99% pure gold coins, American Gold Buffalo bullion coins qualify as Investment Precious Metals (IPM) when bought and sold in Singapore, and are therefore exempt from Goods and Services (GST) Tax, while American Gold Eagle bullion coins contain 91.67% gold (22 karat), and are not exempt from Singapore’s GST. Indefinite West Point Shutdownĭuring the West Point Mint’s indefinite shutdown, there will be no production of the 22 karat American Eagle gold bullion coins nor of the 24 karat American Buffalo gold bullion coins across the entire US Mint network, nor any distribution of the American Eagle gold bullion coins or American Buffalo gold bullion coins from the Mint’s stock of inventory to Authorized Purchasers (the Mint’s appointed wholesalers). As New York State extends its coronavirus shutdown until May 15, the global pandemic’s relentless onslaught on economic activity and bullion supply chains has claimed yet another victim, this time the US Mint’s bullion coin production facility in West Point – upstate New York, which announced on Wednesday evening April 13, a complete and indefinite shutdown.

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