What is Circulated Gold Bar?

A circulated gold bar refers to a gold bar that has been previously owned and used in transactions, as opposed to being brand new or pristine. The term "circulated gold bar" typically describes gold bars that have been in the marketplace, meaning they may have signs of wear, scratches, or other imperfections from handling. 

Characteristics

1. Condition

Circulated gold bars sometimes show physical signs of use. This may include:

• Surface scratches 
• Dents or dings 
• Discoloration or tarnishing

Nevertheless, most of the ciculated gold bars are usually in like-new condition since they cannot be worn like jewellery and usually kept inside safe deposit box by the owner.

2. Purity

Despite their appearance, circulated gold bars generally maintain the same purity level as new bars, often marked with a hallmark indicating their gold content (e.g., 24K or 999.9 fine gold).

3. Weight

They usually come in standard weights, commonly ranging from 0.25 gram up to even 100 gram.

Value

1. Market Price

The value of a circulated gold bar may be lower than that of a new bar due to its condition. However, the market price is primarily driven by the current gold spot price.

2. Collectability

Some collectors might value circulated bars for their history or specific mint marks, which can sometimes enhance their desirability.

Purchase and Selling

1. Buying Options

Circulated gold bars can be purchased from various sources such as:

• Precious metal dealers
• Gold & jewellery store
• Online marketplaces eg. AUX.MY  

2. Selling Considerations

When selling a circulated gold bar, sellers should disclose its condition, as it can impact the offered price. Buyers often expect a discount for items that are not in good condition.

Investment Perspective

1. Liquidity

Circulated gold bars are generally easy to buy and sell, making them a relatively liquid investment.

2. Market Trends

Investors should keep an eye on gold market trends as fluctuating prices can affect the value of both new and circulated bars.

Conclusion

Circulated gold bars offer a more affordable entry point for investors and collectors looking to acquire physical gold. While their aesthetic may be less than perfect, they still represent a tangible asset and can be a practical choice in gold investment & saving portfolios.