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Heraeus Precious Metals

Heraeus Precious Metals

Heraeus precious metals is a global technology company specializing in rare and precious metals and medical technology, materials science and quartz glass smelting, sensors, and unique lighting sources.


Heraeus is privately owned by the Heraeus family and is situated at Hanau, Germany, with around 14,900 employees spread across 40 countries around the world. Hanau is located in Germany. Hanau is approximately 25 km away from Frankfurt.


Heraeus Group‘s main operation is trading and processing silver, gold as well as other precious metals. The customer base of the Heraeus group expands to more than 50 countries compromising the electronic, telecommunications, electricity, transportation, chemicals mining, watch, and metals industries.


Heraeus offers a variety of bars of precious metals suitable for investment globally. Heraeus Precious Metals, due to a huge production capacity in processing precious metals, produces and has a capacity to refine gold from 400-500 tonnes annually.


The four Heraeus precious metals trade desks are located at Hanau (Germany), Shanghai, New York City, and Hong Kong execute orders, offer account management and finance services for its customers and are a significant contributor to the company’s annual revenue.


Heraeus Precious Metal is a huge part of the German gold market. It also plays a key role with its participation in the Swiss gold market because of its ownership in part of the major Swiss refinery for precious metals, Argor-Heraeus. Other shareholders of Argor-Heraeus include Austrian Mint and Commerzbank.

Heraeus Products

Heraeus Physical Precious Metals


Heraeus is among the top suppliers of precious metals globally. In terms of physical investments in precious metals, Heraeus bars are among the most well-known investment options. In 1972, Heraeus manufactured London Good Delivery Silver, Platinum, and Palladium bars.

Heraeus precious metals produce large Good Delivery Bars for wholesale as well as smaller bars for investment in the bullion market. Gold and silver grain for industrial use as well as the jewelry market.


Heraeus refines gold and makes Argos Heraeus gold bars in Hanau (Germany), Hong Kong, Newark (USA) as well as Switzerland at the Argor-Heraeus metals refinery.


Heraeus Investment Bars


Heraeus produces a variety of high-quality investment-grade precious metals bars. As of 2012, every Heraeus gold bar comes with a unique serial number as well as a quality certificate. Minted bars are packaged as blister cards (85 mm x  54 mm) and the cast bars are sealed with plastic that contains the certification. In the gold bars market, Heraeus manufactures the following bars:


  • Gold cast bars in 100 g (45.5 x 24 x 5 mm), 250 g (50.5 x 30.5 x 9 mm), 500 g (91 x 40.5 x 7.5 mm), and 1000 g (117 x 51.5 x 9 mm).
  • Gold minted Bars in 1g (15 x 8.7 x 0.5 mm), 5g (23 x 14 x 1 mm), 10g (31.5 x 18.5 x 1.1 mm), 20g (40.4 x 23.3 x 1.3 mm), 1oz (40.4 x 23.3 x 1.8 mm), 50g (49.7 x 28.5 x 2 mm), and 100g (49.7 x 28.5 x 3.9 mm).
  • Gold Kinebars in 1 g (15 x 8.7 x 0.5 mm), 2 g (19.1 x 11.5 x 0.5 mm), 5 g (23 x 14 x 1 mm), 10 g (31.5 x 18.5 x 1.1 mm), 20 g (40.4 x 23.3 x 1.3 mm), and 1 oz (40.4 x 23.3 x 1.8 mm).

Notice: For an additional charge, the minted Heraeus gold kinebars are offered with an attractive security feature. Kinebars are extremely secure.


  • Gift bar in 2 g (19.1 x 11.5 x 0.5 mm)
  • Heraeus MultiDisc in 1g (10 x 10 x 0.6 mm)

The company also manufactures bars for fabricators that weigh 12.5 Kgs.

In silver investment bars, Heraeus produces:

  • Silver Cast bars in 500 g (107 x 46.8 x 10 mm), 1000 g (111 x 51 x 21 mm), 5000 g (248 x 71 x 35 mm), and 15 000 g (275 x 105 x 71 mm)
  • Silver minted bars in 1 oz (49.7 x 28.5 x 2.2 mm), 100 g (49.7 x 28.5 x 7 mm), and 250 g (80 x 47 x 6.5 mm)

Silver bars can be cast or minted, depending on the dimensions. Each of the Argor Heraeus Silver bars comes with 99.99% purity. Minted bars of sizes between 1oz and 250g are packaged in blister cards that do not have a serial number. The foil used is plastic to seal the cast bars that range in weight from 250g up to 5kg. The 15kg bars aren’t packed.


On Bars weighing from 1kg and up, the serial numbers are stamped. Cast bars and minted bars do not come with certificates.


In platinum, Heraeus produces 1 oz (40.4 x 23.3 x 1.6 mm), 100 g (49.7 x 28.5 x 3.4 mm), 500 g (80 x 47 x 6.2 mm), and 1000 g 96 x 51 x 9.7 mm

In Palladium, Heraeus produces 1 oz (49.7 x 28.5 x 2 mm), 100 g (49.7 x 28.5 x 6 mm), 500 g (96 x 51 x 8.2 mm), and 1000 g (121.5 x 54.5 x 12.2 mm)

History of the Heraeus Precious Metals


Heraeus Group is a renowned multinational family-owned company in Germany. It is amongst Germany’s most prominent family-owned companies in terms of revenue. The company’s roots can be traced back to the family pharmacy established in 1660 by Isaac Heraeus (1636 -1676).


In 1851, Wilhelm Carl Heraeus, a chemist, and pharmacist took over his father’s “Einhorn Apothecary” in Hanau at 24. 


In the past, Hanau was a town of goldsmiths. Platinum was used in the making of jewelry in this town. The hardness of platinum and its high melting temperature of 170° Celsius caused it to be highly challenging for goldsmiths.


Wilhelm Carl Heraeus, who has a degree in pharmacy and chemistry, was aware of goldsmiths’ challenges. He began to work on new methods for refining platinum. After several tests with his custom-made oxyhydrogen blowpipe, he was first able to melt platinum in large amounts and produce pure metal in 1856. In 1857, W.C. Heraeus successfully produced about 30 kilograms of pure platinum. In 1896, he was making and processing over 11,000 kilograms of platinum. Wilhelm Carl Heraeus started laying the foundations of a global family-owned business.


As the company grew, it required new facilities and premises, and so the W.C. Heraeus Platinum Smelting Factory was founded in the vicinity of Hanau in 1896. It employed 40 employees. Wilhelm and Heinrich Heraeus, the two sons of the founder, became the manager two years later.


Third-generation members of the Heraeus family took over the business in 1927. It was led by Wilhelm Heinrich Heraeus and his cousin Reinhard Heraeus who were at the company’s helm for more than 40 years. Heraeus was able to profit from several breakthroughs in materials during this time. For instance, they were the first to create dental alloys.


By 1939, the company employed approximately 1000 employees with annual revenues of 20 million Reichsmarks. Heraeus began to expand internationally in 1958, initially in France and Italy. Then Japan, the United States, South Korea, and the Philippines.


From 1983 to 2000, Jurgen Heraeus, brother of Reinhard Heraeus, a director since the year 1970, was in charge of the company. The company was in its fourth generation at this point. The company has grown into a global network of companies.


Heraeus Holding GmbH was established in 1985 by the Heraeus Family to be a holding vehicle for the entire business. There were five significant divisions within the company that included Heraeus Quarzglas (quartz glass), Heraeus Noblelight (specialty lighting source), W. C. Heraeus (precious metals), and Heraeus Electro-Nite (sensors) as well as Heraeus Kulzer (dental as well as medical equipment).


In 2001, Heraeus celebrated its 150 years. Between 2009 and 2011, Heraeus’ business unit was split into two separate entities: Heraeus Precious Metals and Heraeus Materials Technology. Heraeus Kulzer’s division for dental products was sold off in 2015. Heraeus Precious Metals and Heraeus Materials Technology were further changed, which led to the creation of Heraeus Metal Management, the current business unit for precious metals.


Organizational Structure of Heraeus Precious Metals


Heraeus Precious Metals and Materials Technology changed in the year 2015 to form seven global business units:


Heraeus Metal Management: Specializes in products for the precious metals cycle as well as recycling of precious metals, Metals trading, and the pre-production and melting of rare metals


Heraeus Photovoltaics: Thick film technology maker for the photovoltaics sector


Heraeus Performance Products: Manufacturer of Products that can be found in the industry of hard drives and the automotive and watchmaking industries, in lab equipment as well as the decorative color industry


Heraeus Electronics: Manufacturer of components for the packaging and assembly of electronic devices


Heraeus Chemicals: Specializes in the creation of solutions and products for the pharmaceutical and chemical sectors


Heraeus Medical Components: Provides professional, complete manufacturing of medical components and meets a variety of functional requirements) as well as Heraeus New Businesses (a platform for new companies and high-growth).

The four business groups currently in existence, 


Heraeus Medical: Focuses on products that aid in the treatment of surgical traumatology and orthopedics


Heraeus Electro-Nite: Global leader in the field of molten-metal measuring technologies


Heraeus Quarzglas: Specializes in the manufacture and processing of high-purity glass


Heraeus Noblelight: Global market and technological leader in the field of lamps with special-purpose applications and modules that operate in the infrared to ultraviolet wavelength range for scientific, industrial, and medical uses are retained, bringing the global total of business units to 11.


Each of these eleven worldwide business units has an executive president. An executive board manages Heraeus Holding, made up of the group’s chief executive and operations, technology, and commercial executives. The group also has an executive committee composed of the presidents of each of the business units, the management board members, and other executives.


As the primary strategic management division, Heraeus Holdings sits above the other businesses. More than 100 Heraeus businesses in the group employ more than 14,900 employees.


Group Financial Highlights


The revenue of Heraeus is divided into two parts: 


  • Product revenues from all groups
  • Additional revenue source from Precious Metals Trading


In 2013, Heraeus achieved a product revenue of EUR3.6 billion precious metals trading revenue of EUR13.5 billion.


Heraeus Precious metals are also among the major revenue generators in product revenue, accounting for EUR1.8 billion in 2013. In 2014, the company had total payments totaling EUR 15.59 billion, including EUR 12.23 billion worth of trade revenue for precious metals and EUR 3.36 billion worth of income from Heraeus products.


Precious metals also are one of the most significant sources of revenue for products of EUR 1.19 billion as of 2014. In 2014, goods made of precious metals and trading made up 86 percent of the total sales. 


In 2014, Asia was responsible for over half of Heraeus’ revenue from products which highlights its importance in Asian markets for the company’s success. In 2015, Heraeus generated a total income of EUR12.9 billion and earned EUR1.9 billion of revenue, excluding precious metals.


With over 12,500 employees worldwide, around 100 subsidiary companies are spread across 38 countries. In 2016, the Foundation for Family Businesses named Heraeus one of the top 10 family-owned Businesses. In 2019, Heraeus generated EUR22.4 billion in revenue and had around 14,900 employees across 40 countries.


Heraeus Precious Metal Management


In 2015, Heraeus Group’s precious metal services were organized into one business unit presently known as Heraeus Metal Management. Heraeus Precious Metal Management is the group’s refining, recycling, and trading division that has around 750 employees across the world.


These are the Heraeus products and services offered to the global precious metals industry:


  • Melting, pre-production, and the production of physical precious metal bars for investment and industrial applications.
  • Production of gold for the electronics, decorative as well as jewelry industry.
  • Precious metals trading.
  • Refinement of precious metals, as well as Recycling of Scrap.
  • Weight accounts are provided to customers who are business clients to store metal balances. These accounts can be used to make transfers of metal between Heraeus locations and facilitate transfers of metal to other companies.
  • A trading firm that offers strategies for managing risk, financing leasing, swaps, and pricing services.


Heraeus is a trading platform for silver, gold, platinum, ruthenium, iridium, osmium, rhodium (a semi-precious material), and palladium. The metals recycling facilities of the Heraeus group are located within Hanau located in Germany, Taicang in China, Port Elizabeth in South Africa, Udaipur in India, Santa Fe Springs in California, California, and Wartburg located in Tennessee, U.S.


Frequently Asked Questions(FAQs)

Heraeus precious metals refinery manufactures gold, silver, and platinum bars. Heraeus gold refers to gold bullion coins produced by Heraeus. 

The value of 10 oz Silver bars from Heraeus can be derived from the spot price of silver along with the premium added by the silver dealer. 

The gold serial number can be found inscribed onto the Heraeus Gold bars. The serial number inscribed on the gold bars must match with the serial number on the assay card. 


Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.


The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.


Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.


Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.


Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
  • Orders ranging from $5,500.01 to $10,000 should be paid by bank wire, certified check, cashier’s check, money orders, or personal check, and must be received within 2 business days from the time the order was made.
  • Orders ranging from $10,000.01 to $25,000 should be paid by bank wire, certified check, and must be received within 2 business days from the time the order was placed.
  • Over $25,000.01 should be paid by bank wire and must be received within 1 business day from the time the order was placed.

If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
  • I waive any charge-back rights. In the event of a dispute, and I request for a refund it must be made through the Bullion Trading LLC Arbitration Procedure described herein under Bullion Trading LLC.
  • Dispute resolution: I understand that all sales are final. There are NO EXCHANGES or REFUNDS.
  • I cannot receive a refund from Bullion Trading LLC, nor can I request the funds from my credit card company.
  • I also agree to waive any charge-back rights in the event of a dispute.


You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.

You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.


All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.


You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:

(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,

(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.


You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.

If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:

(a) The amount, if any, that you paid in such transaction or,

(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.


BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.

BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.


Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.

Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.

Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.


BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.


You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.


If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.


BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.

Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.


These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.




If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.


You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.


Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.


BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.


A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.