Buying Gold and Silver in New Zealand
New Zealand is an island nation that is geographically made of two main landmasses and 600 small islands. The country is the last land on this earth to be settled by humans. Since it was isolated for a long time before its discovery, it developed a distinct biodiversity of animal, plant, and fungal life. The capital of New Zealand is Wellington but its most populous city is Auckland. Per GDP, New Zealand is the 53rd largest economy in the world and 69th largest as per PPP.
New Zealand is one of the most globalized economies based on international trading, the majority of which is with Australia. The economy of the country is aligned with the Australian economy but it also relies on the country's sizeable service sector which amounts to 63% of the country's GDP. Major manufacturing industries include food processing, aluminum production, wood and paper products, metal fabrication, electricity, gas, mining, water, and waste management services. There are many precious metal dealers in New Zealand that offer world coins as well as coins struck by the local privately owned New Zealand Mint. The country also has many security vaults that serve as offshore vaults for investors and businesses from different countries.
Commodity & Futures Markets in New Zealand:
New Zealand Exchange (NZX) Limited
Although the NZX was founded in 2002, its predecessors date back to 1870s during the gold rush. NZX is not just the only registered security exchange in New Zealand but also an authorized futures exchange. The capital, risk, and commodity markets, as well as the infrastructure required to support them, are all operated by NZX. The information, tools, and data required to support and sustain a business are also provided by NZX. There are several branches of NZX across New Zealand and Australia (Melbourne).
Government and Private Mints in New Zealand:Reserve Bank of New Zealand 2 The Terrace, PO Box 2498, Wellington 6140, New Zealand +64 4 472 2029
The Reserve Bank of New Zealand was established in 1934 and is the central bank of New Zealand. The Reserve Bank of New Zealand does not have shareholders and is completely owned by the Government of New Zealand. The Governor of Reserve Bank of New Zealand has several responsibilities out of which the foremost ones are managing New Zealand’s currency and operating the monetary policy. It completely reserves the power of issuing currency to other banks and also replaces damaged and used money from circulation. Apart from producing coins and notes for circulation, the Reserve Bank also produces coins for collectors. Although these are not circulation coins, they still hold the legal tender status and are sold by the New Zealand Post’s business unit for the Reserve Bank.New Zealand Mint Level 1, 48 Greys Avenue, Auckland 1010, New Zealand +64 9 377 6837, 0800 696 468
This is a privately owned mint in New Zealand and is located in Auckland. The refined gold needed for minting coins is purchased by the mint from international sources. The mint trades in a variety of precious metals and also offers physical storage of precious metals. The mint uses the tag-line “Minters of the South Pacific,” as it also produces collector and bullion coins for several other nations in the Pacific - Fiji, Niue, Tuvalu, and the Cook Islands. Although the mint produces a large variety of coins, it should be noted that it does not produce the official circulating coins or banknotes of New Zealand. Its most popular coin series are the Star Wars Collection, Disney Princess Collection, Disney Classics Collection, BBC’s Sherlock, Birds of Prey. They also sell gold and silver bullion and ingots such as the Turtle Bullion Coin, Rooster Bullion Coin, Platypus Bullion Coin, Kangaroo Bullion Coin, etc.
International Bullion Depositories in New Zealand:
When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. New Zealand is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in New Zealand.
Bullion Exchanges in partnership with several gold bullion storage companies offers allocated, pool allocated and unallocated storage in New Zealand in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in New Zealand.New Zealand Bullion Depository Ray Emery Dr, Auckland Airport, Auckland 2022, New Zealand +64 9 551 0465
The goal of the company is to provide the safest private precious metal storage services in the world. This special gold storage facility provides unparalleled security services along with complete discretion. World class level of security is provided for both individuals and groups. The company ensures wealth protection with state-of-the-art technology and equipment. The valuables are insured and regularly audited.Commonwealth Vault, Auckland 6 Albert St, Auckland, 1010, New Zealand Phone: 0800 482 858
This company was established in 1998 and is a one-of-a-kind storage facility in Auckland, being located in a beautiful heritage building. Commonwealth Vault serves over 10,000 discerning customers. The vault offers complete privacy by providing elegant viewing rooms. The safety deposit boxes are secured by a multi-stage security system which includes external monitored digital camera surveillance along with 24/7 on-site security personnel, biometric fingerprint scanning, and a dual key safe deposit box locking system. The client can access the safe deposit box any time of the day or night.Imperial Vaults 190 Stoddard Road, Mt Roskill, Auckland, 1041, New Zealand +64 21929227
The company is a premier vault in Auckland located in Mt. Roskill. It offers state-of-the-art security lockers with convenient and flexible access. Clients can store precious metals, bullion, heirlooms, jewelry, important documents, data and hard drives, sentimental objects, etc. The facility uses modern hi-tech security systems like dual key safe deposit boxes. The vault is protected by a heavy steel construction. Imperial Vaults offers eight different types of safe deposit lockers which can be rented for a long or short term or even purchased for a lifetime. Complete privacy is maintained and the rates are extremely competitive.
Vaults and Bullion Depositories in New Zealand:
New Zealand is one of the most economically stable countries in the world, being regarded as a safe place for storing precious metal holdings. Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in New Zealand, take a look at the below New Zealand vault options.New Zealand Mint Level 1, 48 Greys Avenue, Auckland, 1010, New Zealand +64 9 377 6837, 0800 696 468
There are two types of storage options provided by this facility: allocated storage and personalized deposit boxes. These options are perfect for clients with different accessibility levels and cater to their bullion storage needs. The facility has state-of-the-art security in place and is under high-security surveillance. Clients can access their safe deposit lockers on any business day. The valuables stored here are also fully insured.New Zealand Vault Wellington: 04 915 1168 Auckland: +64 9 309 3580 After Hours: 0800 NZ VAULT or 0800 698 285
The New Zealand Vault was established in 1931 and today has branches in Auckland and Wellington. This is one of the oldest vaults in New Zealand. The vaults are treasury grade and are protected by multilayer security. The company has partnered with three major banks and a trustee company, taking over their safe deposit boxes. However, the New Zealand Vault is privately owned and independent of the banking sector and government - a guarantee of the client’s privacy. There are different sizes of safe deposit boxes available at a reasonable price. Insurance is also provided upon client request.Security Deposits Vault 17 Farnham Street, Parnell, Auckland, New Zealand +64 9 377 6666
This vault is located in Auckland and was established in 1984. The building is made from steel-reinforced solid concrete and is owned by the Security Deposits Vault. The company offers more than 3000 individually numbered safe deposit boxes, and the door of the vault is protected by a six-ton steel vault door, further secured by a sophisticated multilayer security system. Clients have easy access since the vault is open 7 days a week. The vault is guarded by on-site security personnel, has 24/7 camera surveillance, undisclosed extra security layers, secure underground car parking, and reasonable prices. The boxes are dual key locked, and entry is done only by fingerprint and photo ID.
Tax on Precious Metals in New Zealand:
The value-added tax (VAT) in New Zealand is known as the Goods and Services Tax (GST). The GST is currently 15% and is indirectly paid by end users on liable goods and services. However, gold, silver, and platinum coins, rounds and bars with a purity of 999+ are exempted from GST in New Zealand. Therefore, gold, silver, and platinum coins, rounds, and bars below the 999 purity are levied with a 15% GST.
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in New Zealand.
Shipping to rates:
The import duty rate for importing gold coins into New Zealand is 0% if it is intended for personal use and is not intended for gift, sale or exchange. Otherwise, the import GST is 15%, when classified under Jewelry & Watches>Precious Metals>Coin of gold. Additional taxes may apply also, such as the Import entry transaction fee (around NZ$49.24).
Local Gold and Silver Dealers in New Zealand:1. Auckland Collector’s Centre Address: 1 Ngaire Avenue, Newmarket, Auckland, New Zealand Phone number +64 9 377 7965, +64 274 748 178 Hours of Operation: Mon to Fri 8 am to 5 pm Services: Retail Specialties: Gold coins, Silver coins in bulk, World Coins, UK Coins, US Coins, and Kiwi Coins.2. Eccles Coins & Bank Notes Address: Suite 104, Queen's Arcade, 17 Customs St., Auckland 1010, New Zealand Phone number +64 9 373 2320, +64 21 743 530 Hours of Operation: Mon to Fri 9 am to 5 pm Specialties: Medals, Banknotes, Tokens, Gold Coins, Silver Coins, Platinum Coins, Bronze Coins, Nickel Coins, and Copper Coins.3. ColonialCollectables.com Address: PO Box 35625, Browns Bay Auckland 0753, New Zealand Phone number +64 9 4794278, +64 211057619. Hours of Operation: Mon to Fri 9 am to 8 pm Specialties: US Coins, Half Dollars, UK Coins, Kiwi Coins, Platinum Coins, Gold Coins, Silver Coins, Copper Coins, Bronze Coins, Nickel Coins, Sovereigns, Medals, and Tokens.4. John Bertrand (Collectables) Ltd. Address: PO Box 323, Wellington 6140, New Zealand Phone number +64 4 232 9832 Hours of Operation: Mon to Fri 9 am to 5 pm Specialties: US Coins, Kiwi Coins, UK Coins, Gold Coins, Silver Coins, Platinum Coins, and Medals.5. TPF Coins Address: PO Box 24044 Abels, Hamilton 3253, New Zealand Phone number +64 7-834 0631 Hours of Operation: Mon to Fri 9 am to 5 pm Specialties: Bronze Coins, Silver Coins, Gold Coins, and World Coins.6. Martin & Rita Purdy Address: PO Box 40-665, Upper Hutt, Wellington, New Zealand Phone number +64 4 528 3281 Hours of Operation: Mon to Fri 9 am to 5 pm Specialties: World Coins, Medals, Bronze Coins, Silver Coins, and Gold Coins.7. Otago Coin & History Address: 1 Church St Mosgiel Dunedin 9024, New Zealand Phone number +64 3-484 7575 Hours of Operation: Mon to Fri 10 am to 5 pm Specialties: Gold Coins, Bronze Coins, Nickel Coins, Medals, and Silver Coins.8. Harbour City Coins Address: PO Box 1237 Palmerston North 4440, Manawatu Region, New Zealand Phone number +64 6-355-4857 Hours of Operation: Mon to Fri 9 am to 5 pm Specialties: Medals, Gold Coins, Bronze Coins, World Coins, and Silver Coins.9. Mowbray JR Address: 247 State Highway 1 Otaki 5541, New Zealand Phone number +64 6-364 8270 Hours of Operation: Mon to Fri 8 am to 4 pm Specialties: Bronze Coins, World Coins, Gold Coins, Medals, and Silver Coins.10. Dunedin Stamp Centre Address: 32 Hanover St Dunedin 9016, New Zealand Phone number +64 3-477 6128 Hours of Operation: Mon to Fri 9:00 am to 5:30 pm Specialties: World Coins, Bronze Coins, Medals, Gold Coins, and Silver Coins.11. Palmerston North Stamp Centre Address: 99 Broadway Ave, Palmerston North, 4410, New Zealand Phone number +64 6-357 2751 Specialties: World Coins, Bronze Coins, Medals, Gold Coins, and Silver Coins.
Smelters & Refineries in New Zealand:
Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. New Zealand also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:Morris & Watson Ltd., Precious Metal Refiners 350 Neilson Street, Onehunga, Auckland +64 9 634 2035, 0800 500 654New Zealand Gold Merchants (NZGM) Ltd. 49 Angle St., Penrose, Auckland. 1061, New Zealand 0800 10 53 34, +64 9 634 0529Regal Castings 7 Akiraho St, Mount Eden, Mount Eden North 1024, New Zealand +64-9 638 7378, 0800 881 888New Zealand Bullion Company Limited PO Box 5611, Dunedin 9058, New Zealand +64 21 160 1422, +64 3 4676171OceanaGold-Waihi 43 Moresby Avenue, Waihi 3610, New Zealand +64 0 7 863 8192