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South African 1 oz Gold Krugerrand Coin(Random Year)

$1,923.83

 

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Description

The South African Krugerrand Gold Coins one of the world’s oldest and most recognizable gold bullion coins. Before other governments around the world decided to mint their own bullion coins, the 1 oz Gold Krugerrand coin was the #1 choice for investors across the world. The purpose of the original issue was to encourage individual ownership of the gold and it was said the krugerrand golds clearly met the objective. 

These SA Gold Coins were issued by the Rand Refinery and the South African Mint and were instantly recognized around the globe as the first bullion gold coins of one ounce.

The Krugerrand is Africa’s premium bullion coin and was first released in 1967. While there are other coins minted on behalf of the African government throughout the continent, Krugerrand is one of the few gold coins to be produced within an African country. Kruger is a combination of the words “Kruger” and “rand,” which refers to a South African currency. It doesn’t get any purer than a genuine Krugerrand in terms of purity.

In 1960s South Africa Chamber of Mines introduced the Krugerrand to encourage physical gold as an investment option for the “man on street”. In 1967, the Krugerrand was made legal tender and contained one troy ounce fine gold with copper. To make the coin more durable and long-lasting, it is made of a copper-gold alloy. The unique feature of this gold coin was its lack of denomination. Its face value was linked to the daily gold price.

The South African 1oz Gold Krugerrand Coin is made of 22 karat gold (91 per cent pure), with copper making up the rest of the weight. Copper is extremely hardy and gives the Krugerrand an orange tint, similar to crown gold. Krugerrands, which are 22-carat gold, weigh more than one troy ounce. They therefore contain only 1 troy ounce(24-carat) of fine gold. The year of mintage may vary depending on the availability of the coin on our inventory.

Design of South African Krugerrand 1 oz Gold Coin

The designs on the South African Krugerrand Gold Coins are well-recognized all over the world hence they are easy to trade and liquidate. The South African 1 oz Gold Krugerrand Coins were the first bullion coins issued legal tender status but they do not a face value engraving on them. This coin’s obverse depicts Paul Kruger, the four-term president of the South African Republic, and liberator, designed by Otto Schultz in 1967 along with “South Africa” written in Afrikaans and English.

The South African 1 oz Gold Coin on the reverse features a design created by Coeret Steynberg and shows Africa’s national animal Springbok, an antelope that is native to South Africa. It can be seen prancing to the right. It divides the four digits of the year side with two numbers on each side of the springbok. The top half of the rim is covered by the term “KRUGERRAND”. The bottom rim contains the inscription “FYNGOLD 1 OZ FINE GOLD” which specifies the weight of the gold coin in both English and Afrikaans.

Main Highlights of 1 oz South African Gold Krugerrand  Coin

  • Contains 1 troy oz of .9167 fine gold.
  • Produced by the South African Mint.
  • Legal tender of South Africa
  • Each Gold Coins comes in a protective packaging
  • Features the depiction of a portrait of Paul Krugger, a former South African president, and liberator, designed by Otto Schultz along with  “South Africa” in Afrikaans and English on the obverse.
  • Features the depiction of  Africa’s national animal, a springbok antelope which was created by Coert Steynberg on the reverse.

Product Specifications: South African 1 oz Gold Krugerrand Coin

Specification  Details
Brand  South African Mint
Weight  1 troy oz
Purity .9167
Thickness 2.84 mm
Diameter 32.8 mm
Made South Africa

Why buy these South African Krugerrand 1 ounce Gold Coins?

The South Gold Krugerrand is still a highly sought-after choice for gold bullion, proving its value.

These 1 oz coins are a popular collectible and are considered a solid investment.

The Krugerrand is a great addition to the collection of bullion designs that many countries incorporate wildlife.

Protect yourself and your loved one from the inevitable, degrading economic trends.

Gold has been an investment option of solid quality for centuries. The 1 oz Gold Krugerrand coin will diversify your portfolio while enhancing your existing assets.

We also carry the South African 1/10 oz Krugerrand Gold Coin(RY) and 1/2 oz South African Krugerrand Gold Coins.

FAQ

Can you still buy Krugerrands?

Buying Gold Krugerrands is an easy and hassle-free process. You can buy Krugerrands gold coins using the Add to Cart Button or you can call our office to place your order over the phone. Bullion Trading LLC sells major of the South African Krugerrand Gold Coins,

How can you tell if a Krugerrand is real?

You can tell the Krugerrand as the fake if you identify these things: Fake Krugerrand are more yellow than the real one Details are not present in the relief of the buttocks. Details are not present on the tail. The shoe is bigger. The details in the land cover are in dispute.

Are Krugerrand illegal in the US?

No, the Krugerrand is not illegal in the United States. In 1985, the import of the Krugerrand was banned in the US, which was misunderstood by many investors and thought that the Krugerrands were illegal to own in the US. The import ban has been uplifted now.

Are all Krugerrands worth the same?

Krugerrand Coins value isn’t worth the same as the Krugerrands value are driven by the coin’s actual grade, or condition it’s in. The value of an uncirculated coin will be higher than that of a circulated coin. Furthermore, the value of a Krugerrand will fluctuate depending on whether it is a bullion coin or proof or non-proof edition.

Why is the Krugerrand so expensive?

Krugerrands are expensive because they were the first coin struck in South Africa and are well-known worldwide, making them simple to trade and liquidate.

Is Krugerrand a good investment?

Generally, the answer is yes as the demand for the Krugerrands gold coins are increasing as they are easy to trade and liquidate which shows that the value of the krugerrand coin will increase in the nearby future.

How much can I sell a gold Krugerrand for?

If you deal with the gold bullion dealer instead of the local pawn shop, you can roughly get 97-99% over the spot price for your Krugerrand coin.

Where can I sell gold Krugerrands?

You can sell the Krugerrand coins to Bullion dealers such as Bullion Trading LLC which provides the appropriate price value for your krugerrand gold coin.

How much can I sell a gold Krugerrand for?

If you deal with the gold bullion dealer instead of the local pawn shop, you can roughly get 97-99% over the spot price for your Krugerrand coin.

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