South African Krugerrand Gold Coins

South African Krugerrand Gold Coin

Table of Contents

The 1/2 Oz South African Krugerrand Gold Coin

The South African Krugerrand gold coin is one of the most sought-after bullion coins. The Krugerrand gold coin was minted in random years. The coins contain exactly a half Oz of fine gold. The South African mint produced the Krugerrand gold coin in random years. The pioneering gold coins were minted in 1967 as an effort to market South African gold.

By 1980, the Krugerrand had become extremely popular among investors accounting for 90% of the gold coins sold globally. The name Krugerrand is a combination of the 5th South African president’s name and “Rand” the official name for the country’s currency.

The Krugerrand is made of 22-carat gold and has no denomination because its value varies based on daily gold prices. The obverse of the coin bears an effigy of Paul Kruger as designed in 1892. Coert Steynberg, a famous South African sculptor designed the reverse of the coin including the iconic springbok, the national symbol of South Africa.

In 1980, the South African mint added the ½ Oz, ¼ Oz, and 1/10 Oz gold coins into its bullion series. These options were meant to invest in bullion coins affordable to many people.

The Features of ½ Oz South African Krugerrand Gold Coin

  • The coin contains ½ ounce of 22-karat gold with a purity level of .9167.
  • The front of the coin bears the image of Paul Krugerrand the 5th president of South Africa.
  • The reverse of the coin bears an image of a springbok antelope, the national symbol of South Africa.
  • The coins come in protective plastic flips. Large orders of 15 coins and above ship in a sealed mint tube.
  • The Krugerrand gold coin program is the longest-running bullion coin program in the world.
  • The coin is the official bullion product of the South African mint.

The 2021 ½ ounce South African Gold Krugerrand Coin available in the market is in brilliant uncirculated condition. Investors have the option of buying individual coins or a sealed mint tube containing 15 coins. The composition of the Krugerrand gold coin is 22-karat gold that consists of 91.67% gold and 8.33% copper.

The U.S has remained the largest market for the Krugerrand throughout history. Even, the economic sanctions South Africa experienced from the 1970s to 1985 didn’t prevent investors from the U.S from buying the coin. The U.S government banned the importation of the Krugerrand, but 22 million coins were sold in the U.S alone in 1983. The following year, U.S investors bought Krugerrand coins worth $600 million.

The 2021 ½ ounce South African Krugerrand coins are a product of a collaboration between the South African Mint and the Rand Refinery. Paul Kruger whose image is inscribed on the coin was a leading Boer figure during the last half of the 19th century. He later became the first president of the South African Republic. Kruger remains a respected figure in South Africa to date. International investors prefer the coin because of its rich history and the legendary figure inscribed on it. The 2021 ½ Oz Krugerrand is an excellent investment for new and established sellers.

The 1 Oz South African Krugerrand Gold Coin

The 1 oz South African Gold Krugerrand coin is one of the most popular bullion coins in the market today. The first Krugerrand coins were minted in 1967. At the time, it was the pioneering modern bullion gold coin. The coin is a product of the South African Mint and it contains 1 troy oz of pure gold that is .9167 fine.

Owning gold Krugerrand gold coins is a worthy pursuit for any investor. For decades, gold is an asset to protect an individual’s investment. Investing in the gold Krugerrand coin allows you to own a gold coin recognized internationally. The Krugerrand gold coin symbolizes wealth and prestige.

Furthermore, the Krugerrand gold coin is respected globally because it’s a high liquidity asset. The original idea to mint the Krugerrand was conceived by the African government in 1967. The government was interested in creating an avenue that would allow regular people to invest in bullion coins. It culminated with the release of the first gold Krugerrand coin in 1967.

The Krugerrand contains exactly 1 troy ounce of pure gold mixed with copper. The coin immediately became a legal tender coin upon release. The gold and copper alloy makes the coin durable and resistant to wear. The Krugerrand has no face value because its denomination is based on daily gold prices.

The Features Of the 1 Ounce South African Krugerrand Gold Coin

  • The coin contains 1 ounce of 22-karat gold which translates to a finer level of .9167.
  • The front of the coin features the image of Paul Krugerrand the first president of the South African Republic.
  • The back of the coin is engraved with the image of a springbok.
  • Individual coins come in protective plastic slips while large orders of 10 ship in plastic tubes.
  • They are in brilliant uncirculated condition.
  • Otto Schultz and Coert Steynberg designed the coin.
  • The release of the 1 oz South African Krugerrand gold coin marked the 55th anniversary since the coins were issued for the first time.

More than 46 million ounces of Krugerrand coins have been sold globally to date. There’re more Krugerrand gold coins in the international markets than all other bullion coins combined. The coins have a total weight of 33.93 grams with 1 troy Oz being pure gold with the remaining being copper.

The Krugerrand coin was the first gold coin to combine 11/12 parts of gold with 1/12 copper to make a durable and resistant coin. Copper is harder than gold; it makes the coin harder and resistant.

The Krugerrand gold coin is among the most preferred by investors in the U.S. For instance, from 1967 to 1979, 22 million Krugerrand gold coins were sold in the U.S. Investors bought the gold coin despite an embargo banning trade with South Africa because of apartheid. The Krugerrand has remained one of the most popular bullion coins up to date. The coins are available in protective plastic flips. They come in fractional weights that include 1 Oz and 1/10 Oz gold coins. The South African Mint celebrated over 50 years in the production of the gold Krugerrand coin.   

Silver Krugerrand Coins from the South African Mint

The South African Mint struck its first Krugerrand coin in 2017. This coin was introduced in the market through a public viewing function. The South African Mint set a target of minting one million silver Krugerrand coins. The coins were to be introduced in the North American market by December 2016. However, their problems with the striking of the coin and the mint had to postpone the process.

The 2017 silver Krugerrand was minted in the same design as the Gold Krugerrand. Initially, the mint set a target of 15,000 silver coins. The release of the 2017 silver Krugerrand by the South African mint marked the 50th anniversary of the Gold Krugerrand and it marked a new era in the history of South African bullion coins.

The silver Krugerrand is struck from .999 pure silver in the famous gold Krugerrand design. The back of the coin is inscribed with the image of a springbok. It’s the national symbol of South Africa. The front of the coin features a picture of Paul Kruger, the first South African president.

The silver Krugerrand coin is produced with state-of-the-art laser technology that includes a new level of security details in the design of the coin. For instance, every 2017 1 Oz South African Krugerrand coin is polished to give it a gorgeous mint luster and a unique engraving. The silver Krugerrand coins are in premium uncirculated condition.

Both sides of the silver coin have engravings in English and native Afrikaans which is common among many ethnic groups in South Africa. The design of the modern version of the coin was redone in 1984. The redesigning was done by Otto Schultz who revitalized Kruger’s portrait and Coert Steynberg who reimaged the springbok antelope.

The newly designed portrait of Kruger on the silver Krugerrand is a left-profile portrait. Kruger was born Stephanus Johannes Paulus Kruger and he became the most dominant political and military figure of the 19th century in South Africa. He successfully led the Boer that made South Africa independent from British rule.

The silver Krugerrand coins are minted in different years. However, the success of the coin made the South African Mint respond by adding the 2018 silver Krugerrand coin. From then on the mint produces the silver Krugerrand coin alongside other bullion coins. The 2018 silver Krugerrand contains exactly 1 troy Oz of .999 pure silver in brilliant uncirculated condition.

The Features Of the 2018 1 Oz Silver Krugerrand Coin

  • The coins contain 1 ounce of pure silver that is .999 pure and in brilliant uncirculated condition.
  • The Rand has a face value of 1 Rand (R1) and is fully guaranteed by the South African government.
  • The front of the coin bears the image of Paul Kruger.
  • The back of the coin is inscribed with the image of a springbok antelope.
  • The 2018 Krugerrand coin is the 4th South African silver Krugerrand in the series.
  • The Krugerrand coin comes in protective plastic flips or a mint tube containing 25 coins. Large orders ship in monster boxes of 500 coins.
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Isaac Kahan

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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.

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

PURCHASES, SALES, AND ORDERS

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

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

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Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com 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

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.

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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.
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RISKS

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.

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