Krugerrand Gold Coins

About Krugerrand Gold Coins

Krugerrand Gold Coins are South African coins made from gold. Gold Krugerrands produced by the South African Mint Company from 1967. The Krugerand Gold Coin was minted as a vehicle for private ownership of gold and was actually intended to circulate as currency.

At that time in the U.S., private gold ownership was prohibited among citizens. However, because the South African Krugerrand gold coins were legal tender and foreign coins, people could own them creating a vehicle by which gold bullion could be procured by common citizens who could pay for it.

During the 1970s and 1980s, there were economic sanctions placed on South Africa due to apartheid. This made the South African Krugerrand gold coins illegal import in many western countries making them nearly impossible to obtain. These sanctions were lifted but not until 1994.

The 1 oz Krugerrand gold coin is minted from crown gold alloy that contain 91.67% of gold (22 karats). The remaining 8.33% (2.826 g) of the coin is copper.

In 1980, three smaller Krugerrand gold coins were introduced, with a half ounce, quarter ounce, and tenth ounce of gold.

By 1980 the Krugerrand gold coins accounted for 90% of the gold coin market. The success of the 1 oz Krugerrand led to many other gold-producing nations minting their own gold bullion coins.

Canada issued the Canadian Gold Maple Leaf in 1979, Australia issued the Australian Nugget in 1981, UK issued the British Britannia gold coin in 1987 and the U.S. issued the American Gold Eagle in 1986.

Through 2010, Krugerand gold coins containing over 50 million ounces of gold have been sold.

Krugerrand gold coins are commonly misspelled as Krugerand coins.

The design of Krugerand gold coins

Featured on the obverse of the Krugerrand coin is Paul Kruger, the first President of the Zuid Afrikaansche Republiek (ZAR) and who instigated its first legal tender coinage. His profile is facing left and arched in front of Kruger’s profile are the words “SUID AFRIKA” which is followed by the words “SOUTH AFRICA”. A Springbok, one of the country’s most famous national symbols, features on the reverse of the Krugerrand coin. The antelope depicted is actually a species of African gazelle. The date the coin was created is separated and depicted on both sides of the gazelle; the first two digits of the year appear on the left of the gazelle and the remaining two digits of the year appear on the right. Arched beneath the gazelle depiction are the words “FYNGOULD 1OZ FINE GOLD”. Arched above the image is the word “KRUGERRAND”.

Krugerrand gold coin well-known for it’s unique appearance, having a slightly orange, penny-like copper tone that makes it stand out from other more lightly colored gold coins.

The specifications of Krugerrand gold coins:

1 oz gold krugerrand gold coins

Weight: 33.930 grams
Diameter: 32.96 mm
Gold Content: 31.103 g

1/2 oz gold krugerrand gold coins

Weight: 16.965 grams
Diameter: 27.00 mm
Gold Content: 15.551 g

1/4 oz gold krugerrand gold coins

Weight: 8.482 grams
Diameter: 22.00 mm
Gold Content: 7.775 g

1/10 oz gold krugerrand gold coins

Weight: 3.393 grams
Diameter: 16.50 mm
Gold Content: 3.110 g

Krugerrand Price

How to find krugerrand value and krugerrand price? 1-oz Kruggerrand coin contain 1 oz of gold, so 1 oz krugerrand price equal to price of 1 oz of gold bullion. 1/2 oz Kruggerrand coin contain 1/2 oz of gold and the price equal to price of 1/2 oz of gold bullion and so on.

Buy Krugerrands

Investing in gold has long been proven one of the safest and most effective ways to protect personal assets against the inflation and declining economy. Buying gold coins is the most practical way for average Americans to add gold to their investment portfolios and protects their hard-earned money during times of economic instability. The South African gold Krugerrand gold coin carries small premiums, thus gives you more gold for your money than the standard American Eagle gold coin series. It is already well known in the industry and any dealer will readily trade them. South African Gold Krugerrand is undoubtedly fine addition to any collection, and a sound investment for any investor.

Kruggerrand gold coins are distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube.

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