Gold and silver products branded by eBay debuted Jan. 19 on the online auction site.
The precious metals products are a joint venture between eBay, headquartered in San Jose, Calif., and Bay Precious Metals Inc. in Bridgewater, Mass. Bay Precious Metals Inc. is a subsidiary of Coins ‘N Things.
Coins ‘N Things has provided billions of dollars in raw precious metals to the U.S. Mint for eventual conversion into finished precious metals products and is also a major distributor of bullion products for the U.S. Mint, The Perth Mint in Australia, the Royal Canadian Mint, and others.
The current products being offered on eBay by Bay Precious Metals are a 1-ounce .9999 fine gold bar fabricated by the Perth Mint and a 10-ounce .9999 fine silver bar produced by the Royal Canadian Mint.
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The obverse of the gold bar bears the eBay name, the bar’s weight and gold purity, and the Perth Mint logo. The reverse features the eBay name repeated in multiple diagonal lines.
The gold bars are individually packaged in tamper-evident case with see-through window exposing both sides of the bar for viewing.
The packaging featuring the obverse side depicts the eBay name in red, blue, yellow and green letters, and the Perth Mint logo. The back of the packaging incorporates technical information about the bar’s specifications, a unique serial number, and the facsimile signature of the Perth Mint’s chief assayer.
The obverse of the silver bar depicts the eBay name, RCM logo, the bar’s weight and purity in silver, and a unique serial number on the bar itself. The silver bar’s reverse depicts vertical rows of the stylized maple leaf from the RCM logo, with the eBay name below.
Mark L. Oliari, chief executive officer of Coins ‘N Things and president of Bay Precious Metals, said Jan. 19 that he pitched the idea of eBay-branded precious metals bullion products to receptive eBay officials.