TD Bank (TD:TO) is one of Canada’s big five commercial banks, and one of the country’s largest by assets. The bank operates over 1,100 branches in Canada under the TD Canada Trust brand, plus thousands of ATMs, and serves millions of customers nationwide. TD Precious Metals is the TD subsidiary that lets you buy physical bullion (and get precious-metals exposure through securities).

But is it actually worth buying your gold, silver, or platinum through a big bank like TD? Below is a practical breakdown of TD Precious Metals, the real pros and cons, purchase limits, what they sell, and what to consider if you’re planning to hold metals inside an RRSP or TFSA.

TD Bank's Precious Metals

The bank’s roots go back to the Bank of Toronto (founded in 1855) and the Dominion Bank (founded in 1869). In 1955, the two banks merged to form the Toronto-Dominion Bank. Today, it’s known as TD Bank Group, or simply “TD.”

TD offers the three main precious metals to its customers: gold, silver, and platinum. You can buy physical products like coins and bars, and you can also get precious-metals exposure through securities like ETFs and mutual funds (we’ll cover that later).

For registered accounts, the key thing to understand is eligibility. The CRA has rules around what counts as an acceptable precious-metal product inside a registered plan, and purity standards matter. If you’re building a plan around RRSP/TFSA precious metals, read this first: step-by-step guide to setting up a gold RRSP, and also this comparison: TFSA vs RRSP: where to put your money (and your gold).

For a plain-English overview of precious-metals marking and standards in Canada, the Competition Bureau’s guide is also useful: Precious Metals Marking Act & Regulations.

TD Bank Metals: Pros & Cons

🟢 Pros:

• Wide selection of bullion products (gold, silver, platinum)
• Backed by a major Canadian financial institution
• Option to get exposure physically or via ETFs/mutual funds
• Simple online process for TD clients who already bank online
• Occasional shipping perks and volume-style pricing (varies by product)

🔴 Cons:

• Purchase limits can be restrictive depending on your verification/client status
• Premiums can be higher than dedicated dealers (especially on popular coins)
• Platinum selection often feels thinner than gold/silver
• No “RRSP/TFSA concierge” for physical metals (you generally self-navigate)
• Some buyers prefer dealers that specialize only in bullion for service and selection

Physical Purchase Limits

TD’s bullion inventory is sold online through the TD Precious Metals shop. One important practical detail is that online buying limits depend on your customer/verification status. In other words, the limit is not the same for everyone.

In recent updates, TD has listed purchase limits along these lines:

• Non-TD customers: typically capped around CAD $2,999.99 per 24-hour period
• Verified.Me / Interac verification: higher daily limits (commonly shown around CAD $9,999.99)
• TD clients: higher limits (commonly shown around CAD $24,999.99)

If you’re hitting a cap online, TD often encourages buyers to use a branch route for larger transactions. You can locate a branch here: TD branch locator.

TD Precious Metals Bullion

TD sells gold, silver, and platinum bars and coins through its online shop. Their largest selection is typically in gold and silver. Platinum is usually more limited, which is normal across many retailers.

TD Gold Bars

TD offers gold bars in multiple sizes, from very small fractional units up to larger bars. Below are examples you may see listed (availability changes frequently):

1/100th Ounce Scottsdale Gold Bar

This is a fractional gold bar option often used for gifts or small starter buys. Pricing changes constantly with spot price and premiums, so treat the live TD listing as the source of truth.

1 oz Britannia Gold Bar

A classic 1 oz bar format. Again, spot price moves daily, so prices on bank/dealer sites will move with it.

1 kg Royal Canadian Mint Gold Bar

A large-format bar that tends to appeal to higher allocation buyers. These are typically the kind of purchases where online caps matter most.

TD Silver Bars

TD sells silver bars in common investor sizes. Here are two examples you’ve highlighted:

10 oz Royal Canadian Mint

10 oz bars are a popular middle ground for stacking silver while keeping premiums reasonable.

100 oz Royal Canadian Mint Silver Bar

100 oz bars can offer lower premium-per-ounce, but they’re less flexible to sell in smaller chunks later.

TD Platinum Bars

Platinum is usually a smaller category for most retailers. TD often lists a limited set of 1 oz options.

1 oz Platinum Bar Valcambi

Valcambi bars often ship with assay packaging to help with verification and resale confidence.

TD Gold, Silver, & Platinum Coins

TD metals offers coins in various sizes. If your goal is registered-account inclusion, make sure you’re clear on what your custodian and plan structure allow. (A lot of confusion happens here.) If you’re still learning the setup side, this is the quickest starting point: how to set up a Gold RRSP.

Gold Coins

TD often lists multiple sizes of Gold Maple Leafs and other sovereign coins. Example:

1 oz Gold Maple Leaf Coin

Silver Coins

TD lists silver coins from 1 oz to larger formats depending on release availability.

2 oz Silver Coin – Smilodon Sabre-tooth Cat

Platinum Coins

Platinum coins are usually limited compared with gold/silver. Example platinum Britannia fractional:

TD Securitized Precious Metals

Another way to get precious-metals exposure is through securities (funds/ETFs). This gives price exposure without worrying about physical storage, shipping, or insurance.

Variety of ETFs

TD also manages an in-house precious-metals mutual fund (often referenced as a TD Precious Metals Fund). Like any sector fund, it can be volatile because it’s tied to miners/royalties and market cycles. If you’re researching alternatives and comparisons, these internal pages are also worth reading: gold mining stocks guide and Cache Metals review.

How to Open an Investing Account

You can open both a Self-Directed TFSA or a Self-Directed RRSP through TD. If your plan is specifically to hold physical metals in a registered structure, this is the most important internal primer to read first: Getting started with a Gold RRSP.

Wrapping Up

TD Bank offers a wide selection of physical precious metals and a familiar buying experience for people who already bank with TD. The biggest tradeoff is that banks can be less flexible than dealer-first bullion companies when it comes to premiums, customer experience, and purchase limits.

If you’re still learning how registered-account precious-metals setups work, start here: TFSA vs RRSP for gold and step-by-step Gold RRSP setup.

If you want a dedicated Canadian bullion dealer to compare against TD, Silver Gold Bull’s third-party rating is strong on Trustpilot: ★★★★★ 4.6/5 (view source).

Important: pricing moves constantly with spot price, and “best” depends on whether your priority is convenience, low premiums, product selection, or registered-account logistics.

FAQ: TD Precious Metals (Gold, Silver & Platinum)

Is TD Precious Metals legit and safe to buy from?

Yes. TD Precious Metals is operated by TD Bank Group, one of Canada’s largest banks, and it sells investment-grade bullion products.

• Your main “risk” is usually pricing/premiums and purchase limits, not legitimacy.
• Always confirm the exact product specs (weight, purity, mint/refiner, year) before checkout.

Why are TD Precious Metals prices sometimes higher than other dealers?

Because the final price includes a premium over spot that can vary by product, demand, and inventory.

• Premiums are often higher on popular coins, small bars, and limited items.
• Large bars can have lower premium-per-ounce but are less flexible to resell in smaller chunks.
• Always compare the same item (same mint, year, condition, packaging) across sellers.

What is “spot price” and what is a “premium”?

Spot price is the live market price of raw metal. A premium is the extra cost for minting, distribution, retailer margin, and demand.

• Your “all-in cost” = spot price + premium + any fees.
• Premiums change daily and can spike during shortages or heavy demand.

Does TD have online purchase limits? How do they work?

Yes. TD typically sets online limits that depend on whether you’re a TD customer and/or verified through supported verification methods.

• Limits can apply per 24-hour period and can differ by customer status.
• If you plan to buy more, you may need a branch-based purchase route (depending on TD’s current rules).
• Always check the current limit shown at checkout, since policies can change.

Can non-TD customers buy from TD Precious Metals?

Often yes, but non-customers may face lower online limits and fewer payment/verification options.

• Expect tighter caps and potentially fewer “higher-limit” pathways.
• If you’re a frequent buyer, dedicated bullion dealers can be simpler long-term.

How long does TD Precious Metals shipping take?

Shipping times depend on inventory status, payment confirmation, and your location in Canada.

• Some items ship faster if marked in-stock; others can have processing delays during demand spikes.
• Delivery may require signature or special handling for higher-value shipments.
• Always read the current shipping/processing notes during checkout for the item you’re buying.

Is TD Precious Metals delivery discreet?

Most bullion sellers aim for discreet packaging, but “discreet” can vary by carrier and fulfillment process.

• Don’t assume the package will advertise bullion, but plan to be home or use a secure address.
• For larger orders, consider delivery logistics before you buy (signature, concierge, pickup options).

Are TD Precious Metals coins and bars authentic?

TD sells recognized investment products from well-known mints and refiners, which reduces authenticity risk versus unknown sellers.

• Keep original packaging, assays, and receipts for resale and peace of mind.
• If you ever test items, use reputable local bullion shops or professional testing tools.

Do I pay tax (GST/HST) when buying gold or silver in Canada?

It depends on the metal type and product eligibility rules. Some investment-grade precious metals can be treated differently for tax purposes.

• Tax treatment can vary based on the product (coin vs bar), purity, and classification.
• Always verify tax details at checkout and confirm how your province applies sales tax to specific items.
• If you’re buying for a registered account structure, rules can be different again.

Can I hold TD Precious Metals inside my RRSP or TFSA?

Not directly in a standard self-directed brokerage account. Physical metals inside registered accounts usually require a specific custodian + approved storage setup.

• Many investors confuse “buying bullion” with “holding bullion in an RRSP/TFSA.” They’re not the same.
• If your goal is registered-account physical storage, you need the right structure first, then the purchase route.
• Start here: how to set up a Gold RRSP step-by-step.

Where are TD Precious Metals stored if I buy online?

If you buy bullion for personal ownership, it’s typically shipped to you. Storage becomes your responsibility after delivery.

• If you want vault storage, you usually need a third-party vaulting or custodian structure.
• For registered accounts with physical metals, storage is usually handled via approved facilities under the custodian’s rules.

Does TD buy back gold and silver? How do I sell later?

Some banks and dealers offer buyback programs, but the easiest path is usually selling to a reputable bullion dealer or local coin shop at a transparent bid price.

• Keep receipts and packaging to make resale smoother.
• Expect a bid/ask spread: dealers buy below retail and sell above spot.
• If resale flexibility matters, common products (Maple Leafs, 1 oz bars) tend to be easier to move.

What’s better: coins or bars?

Coins are often easier to resell and widely recognized, while bars can offer lower premiums at larger sizes.

• Coins: recognizable, liquid, great for beginners (often higher premium).
• Bars: can be cheaper per ounce at larger weights (less flexible to sell in parts).
• Many investors do a mix: liquid coins + a few larger bars for premium efficiency.

What should beginners buy first (simple starter strategy)?

If you’re new, start with widely recognized products and keep it simple: 1 oz gold coins/bars and 10 oz silver bars are common starting points.

• Focus on recognizable and easy-to-resell items.
• Avoid niche collectibles if your goal is investment exposure, not collecting.
• Decide upfront: long-term hold, periodic buying, or trading. That changes what you should buy.

Should I buy from TD or from a bullion dealer like Silver Gold Bull?

Choose based on your priority. TD can feel convenient for existing TD clients, while dealer-first platforms often win on selection, pricing transparency, and bullion-specific support.

• If you care most about convenience and already bank with TD, TD may be fine for standard items.
• If you care most about selection + comparing premiums, check a dealer-first option too.
• Compare the exact same product across both before buying.

What are the biggest mistakes people make when buying bullion?

The biggest mistakes are overpaying on premiums, buying illiquid niche products, and not planning storage and resale upfront.

• Buying small/fractional items repeatedly can mean higher premium-per-ounce.
• Assuming bullion automatically “fits” inside RRSP/TFSA without a custodian structure.
• Not securing a safe delivery address or not thinking about how you’ll sell later.

 

Do I need to report bullion purchases to the CRA?

Buying bullion for personal ownership isn’t automatically a “reporting event,” but profits can be taxable depending on how you sell and your situation.

• Keep records: receipts, dates, and product details help with cost base and resale documentation.
• If you’re buying inside a registered structure, compliance rules are different and depend on the setup.
• If you’re unsure, speak with a qualified Canadian tax professional for guidance based on your exact scenario.