Ögussa

Gold & silver bars from Austria

Ögussa is one of Austria's best-known refineries and, in addition to producing technical metals for industry, is also known for its gold and silver bars for investors.

History of Ögussa

Ögussa, or more rarely Oegussa, is an acronym for Österreichische Gold- undSilberscheideanstalt. The origins of the Viennese company go back to the jewelry manufacturer Markowitsch & Scheid and the Georg Adam Scheid'sche Affinerie, which was founded in 1884.

In 1962, Scheid'sche Affinerie (Scheid und Roessler Gesellschaft m.b.H. & Co. KG) then merged with the precious metal trader Louis Rössler under the name Ögussa Scheid & Rössler.
At the time of this merger, the company Louis Rössler was already owned by DEGUSSAthe Deutsche Gold- undSilberscheideanstalt, already held a stake in Louis Rössler.

At the end of the last century, Ögussa finally became the sole property of Degussa Austria. The Ögussa logo, like that of DEGUSSA, is made up of the sun, the symbol for gold, and the moon, the symbol for silver.

Today, Ögussa is a subsidiary of the German AGOSI(Allgemeine Gold-und Silberscheideanstalt), which used to operate under the name DEGUSSA and is now part of the Belgian Umicore Group. AGOSI is now the largest gold refinery in Europe.

The DEGUSSA brand had lost some of its luster as a refinery and was sold by AGOSI in 2010 to the billionaire and "Mövenpick" owner Finckh, who has revived the brand name today as "DEGUSSA Sonne/Mond Goldhandel".

Ögussa gold & silver bars

In addition to industrial metals, Ögussa produces gold bars and silver bars for investors. The gold bars are available in units of 1g, 2.5g, 5g, 10g, 1oz, 50g and 100g as embossed bars. Cast bars are also available in units of 250g, 500g and 1000g.

Like LBMA-certified bars, Ögussa gold bars have a purity of 999.9 fine gold.
However, although these bars have the same fineness and quality as those from manufacturers with a Good Delivery license, these bars are not purchased by most banks.
The gold bars are therefore only tradable to a limited extent, which means that discounts must be expected when reselling the bars.

Sell Ögussa gold bars

Of course, gold bars from non-LBMA-certified manufacturers such as Ögussa also normally contain the embossed gold content. You can therefore also sell your Ögussa gold bars at Gold & Co.

However, if you want to invest your money in gold and silver bars, you should always buy Good Delivery bars! We therefore do not sell Ögussa bars, but only bars from the Austrian Mint, Argor-Heraeus, C. Hafner and other LBMA-certified refineries.