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The gold Krugerrand coin is among the most popular gold coins sold today because it’s recognized for its superior quality and guaranteed weight, has great investment value, beautiful gold design, and rich historical significance and it offers direct ownership of gold with no intermediary which lowers transaction cost.
In terms of gold Krugerrand coin, gold has been the refuge for investors and traders who are seeking to protect their wealth from erosion by inflationary forces. Gold is an effective hedge against future price rises as it retains its value over a long period. A gold krugerrand coin can then be considered as one option in diversifying your investment portfolio into gold products. It offers a direct way to invest in gold without having to go through the hassle of buying gold bars or raw gold itself, which are extremely heavy and difficult to keep safe.
This is attributed to it being legal tender in South Africa. It is also minted with reeded edges, which makes them easy to stack and handle. The one-ounce gold krugerrand coin has been widely accepted as the standard of international trade for gold bullion products around the world since 1967 when they were introduced into trading markets worldwide.
The South African Mint introduced the gold Krugerrand in 1967. It is a gold bullion coin containing exactly an ounce of gold. The gold Krugerrand is 22-karat gold and weighs about 33.9 grams, which equals 1.097 troy ounces of gold (0.916 troy ounces of gold plus the weight of the minted coin). This makes it slightly heavier than the American Gold Eagle but lighter than many other gold bullion coins such as the Canadian Gold Maple Leaf or the Austrian Philharmonic.
Around 2 million Krugerrands are produced each year, although their precise number varies from year to year because not all of them are sold and some coins remain in storage at the mint. Currently, gold Krugerrands are the most popular gold bullion coins in the world because of their value and gold purity (containing 22 karats of gold).
For many years, South Africa was not a part of international gold markets. Unlike other countries that produce gold, such as the United States, Canada, or Australia, South Africa did not sell its gold through London but rather retained control of it for national use. The result was that gold’s international price could be significantly different from prices in South Africa.
In order to combat this situation, the government introduced a new version of its gold coin called “Krugerrand,” after Paul Kruger (1825–1904), the former president of the Transvaal Republic (an independent Boer state) that was established after the end of the Anglo-Boer War.
Krugerrands’ gold coins were minted in 1967, and gold exports began on March 27, 1968. South Africa’s gold Krugerrand was the first gold coin ever to be minted and placed into circulation by any country – a fact which quickly catapulted them into legendary status. They rapidly became known as “the people’s gold” because they were easily accessible to small investors for whom gold bullion had previously been unattainable due to its high value compared to other investments, such as stocks or bonds. Before this time gold only appealed mainly to collectors and jewelers, but this all changed when gold Krugerrands were introduced. Now gold could be bought by anyone, at any time, and gold prices soon became widely available around the world.
The obverse side of the South African krugerrand gold coin is based on Otto Schultz’s left-profile portrait of Paul Kruger, who is considered one of the most prominent figures in South African history. It is surrounded by “Suid-Afrika”, an Afrikaans term, and “South Africa” in English. Kruger later served as President and Vice President of the South African Republic. Krugerrand was named after him.
The reverse side features an image featuring a Springbok Antelope as the official symbol for South Africa’s modern Republic. This image depicts the antelope running across a field, with engravings of the year, weight, and metal content. Additionally, the name “Krugerrand” is included in this design field. This design was modernized by Coert Steynberg in 1984.
The bullion Gold Krugerrands, as well as any proof offering of South African coins, have one important design characteristic. Each side of the coin has serrations at the edges of its design field. These serrations would be 160 on the bullion-gold coin, and 220 on the proof coins if you counted them.
Krugerrands are durable. They are made of an alloy of copper and gold. The coins contain only 91.67% gold and 8.33% copper (22 karats). They are made to weigh slightly more than 1 ounce (1/11 ounces), so they have one troy ounce of pure gold.
Krugerrands are more scratch-resistant than pure gold bullion coins, due to their partially copper content. They are therefore so desirable and popular. Krugerrands have a slightly orange-hued appearance compared to pure gold bullion coins.
South African Krugerrand Gold Coins are available in the following sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
|Types||Fineness||Diameter||Thickness||Gross Weight||Gold Content|
|1 oz||22 carat 91.67%||32.6 mm||2.74 mm||1.0909 troy oz(33.93 grams)||1 troy oz(31.1035 grams)|
|1/2 oz||22 carat 91.67%||27.07 mm||2.22 mm||0.5984 troy oz(16.965 grams)||0.5000 troy oz(15.552 grams)|
|1/4 oz||22 carat 91.67%||22.06 mm||1.89 mm||0.2992 troy oz(8.482 grams)||0.2500 troy oz(7.776 grams)|
|1/10 oz||22 carat 91.67%||16.55 mm||1.35 mm||0.120 troy oz(3.393 grams)||0.100 troy oz(3.110 grams)|
If you are looking to buy gold Krugerrand coins then Bullion Trading LLC might be the first port of call. We have gold Krugerrands available for sale at the cheapest price online. View our gold Krugerrands catalog or Gold Coins page before placing an order, as we carry many other gold bullion items in stock including gold bars and silver coins. For the best gold prices please take a look at our latest gold prices chart, which lists live gold pricing per ounce across all major currencies today.
If you have any questions about gold Krugerrand or our other products, please contact us at 646-362-3536 and we will be happy to assist you. You can buy Krugerrand gold coins from Bullion Trading LLC anytime during our business hours, which are Mon – Thu 8:30 AM to 4 PM EST and FRI 8:30 – 1 PM EST.
Krugerrands were banned from importing in the United States in 1985, and many investors misinterpreted the restriction and believed that owning Krugerrands in the United States was prohibited. But now, the ban has been lifted, and it is entirely legal to hold Krugerrand Gold Coins.
The fake Krugerrands are yellower than real Krugerrands, and there will be many details missing on the reverse side of the counterfeit coin, like details not present in the tail, line missing from the springbok flank, etc.
The actual grade, or condition, of a Krugerrand, also influences its worth. An uncirculated coin will have a higher value than a circulating coin. Furthermore, the value of a Krugerrand varies depending on whether it is a bullion coin, a proof or non-proof edition, and whether it is a proof or non-proof edition.
Yes, to put it shortly. Gold is a safe haven investment, and Krugerrands are one of the most sought-after types of gold. Your money will undoubtedly appreciate if you invest in the commodity. It's helpful to know why gold is considered a safe investment to comprehend your investment’s safety better.
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.
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 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 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.
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:
If Using A Credit Card You Are Agreeing To The Following Terms:
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 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.
BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.
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.