Where To Buy Gold Krugerrands

A Gold Krugerrand is a 1 oz gold bullion coin produced by The South African Mint. It is accredited as being the first modern bullion investment gold coin and is still one of the most popular gold bullion coins in the world.

where to buy gold krugerrands

Gold Krugerrands were designed and first minted in 1967 specifically as investment gold coins. They are widely traded on the global gold markets with some 50 million having been created and are therefore competitively priced and highly liquid. South African Krugerrands were mass produced to help retail investors purchase gold bullion with ease and in confidence.

In order to determine the price of a Gold Krugerrand, simply multiply the spot price of gold by the number of gold troy ounce in the Gold Krugerrand (1 ounce) and then add or subtract the current premium for the coin or coins.

The value of a Gold Krugerrand is their competitive price, high popularity, and internationally liquidity. They are considered to be a portable store of value and a vital form of financial insurance. They are one of the best ways for gold buyers and investors to own physical gold. For 50 years, they have acted as a hedge and protected gold owners from domestic and international financial and monetary risks.

Gold Krugerrands are 22 karat gold coin, with a fineness of 0.9167 or 22/ 24 pure gold. It is made of 11 parts gold to 1 part copper, creating an alloy known as a crown coin. The copper is added to provide durability and strength to the coin.

In the mid-1960s the South African Chamber of Mines devised the Krugerrand as a way of selling South African gold to retail investors internationally. The first Krugerrands were minted in 1967 but only mass produced for the international market beginning in 1970.

The South African Mint is the leading mint in Africa and the official mint of South Africa. It has over 100 years of experience minting gold and other coins for Africa and countries internationally. The South African Mint Company is located in Centurion, between Pretoria and Johannesburg and is a wholly owned subsidiary of the South African Reserve Bank (SARB).

Gold Krugerrands have legal tender status in South Africa but they have never recorded a face value on the obverse or reverse side of the gold coin. This was done in order to underline that the value of each gold coin is directly related to the prevailing value of their fine gold content.

Buy Krugerrands in US. Gold Krugerrands typically command premiums of between 3.3% and 4% with GoldCore who offer some of the most competitive premiums in the U.S. for both deliveries in the U.S. and for secure international storage. They are the world's first modern bullion coin and are by far the most recognized in the world. There will always be a market for Krugers no matter where you are and for that reason, they are worth owning.

No gold bullion coin in the world has a richer history than the South African Gold Krugerrand. While gold investment-grade coins are now, seemingly, a dime-a-dozen for buyers, there was a time when the Gold Krugerrand was the only choice when buying gold coins for private investment. Learn all about the rich history of the South African Gold Krugerrand with JM Bullion.

The South African Gold Krugerrand coin has a complex history. The coins debuted in 1967 as a means for the South African government to promote the vast gold, precious metal, and gem reserves of the nation. The Gold Krugerrand instantly became the first modern gold bullion coin available for private investment. The coins debuted as a 1 Troy oz specimen with 22-karat gold content.

The South African Gold Krugerrand may have debuted as a 1 Troy oz coin, but it did not remain as a singular option for long. In 1980, the Gold Krugerrand was so popular that it accounted for 90% of the global gold coin market. In response to its popularity, the South African Mint expanded the collection to feature three fractional-weight coins: 1/2 oz, 1/4 oz, and 1/10 oz. To this day, all four versions remain in production with 22-karat (91.67%) gold content.

The South African Gold Krugerrand is the original gold coin available for private investors, having debuted in 1967. The design was made more modern in 1984, but has otherwise remained consistent throughout the years.

The coin was released at an interesting time in South African history, as the apartheid had a strong hold on the country. Despite the coin being incredibly popular throughout the world, Western investors were unable to publicly purchase the gold Krugerrand for several years due to economic sanctions.

The South African Gold Krugerrand was introduced in 1967 as the official bullion coin of South Africa and became the first commemorative gold bullion coin on the market as a vehicle for private gold ownership. The coin was uncontested in the market for more than 12 years, with the Canadian Gold Maple Leaf offering the first challenge.

Also for Silver a moment 50 years in the making has finally arrived for numismatists around the world to savor. The South African Gold Krugerrand was the first private-investment gold bullion coin produced in the world, but while other mints offered gold bullion programs with a matching silver coin, the South African Mint never expanded the Krugerrand. That is, until now, the 2017 1 oz South African Silver Krugerrand Coin is available to you now from First National Bullion in unique condition!

Krugerrands can be purchased from coin dealers in person or online. All Krugerrand coins, even ones minted during the time when international sanctions were imposed on South Africa, are now legal to own, buy, or sell."}},"@type": "Question","name": "How Much Gold Does a Krugerrand Contain?","acceptedAnswer": "@type": "Answer","text": "A Krugerrand coin contains one ounce of gold, and weighs a total of 1.09 ounces due to the trace presence of copper alloy that makes the coins more durable.","@type": "Question","name": "How Much Does One Krugerrand Cost?","acceptedAnswer": "@type": "Answer","text": "Since a Krugerrand contains one ounce of pure gold, the price of one of these coins closely follows the market price of gold, which is quoted per-ounce."]}]}] Investing Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Economy Government Policy Monetary Policy Fiscal Policy View All Personal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All News Markets Companies Earnings Economy Crypto Personal Finance Government View All Reviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard EconomyEconomy Government Policy Monetary Policy Fiscal Policy View All Personal FinancePersonal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All NewsNews Markets Companies Earnings Economy Crypto Personal Finance Government View All ReviewsReviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All Financial Terms Newsletter About Us Follow Us Facebook Instagram LinkedIn TikTok Twitter YouTube Table of ContentsExpandTable of ContentsWhat Are Krugerrands?Krugerrands: The Gold CoinHistory of KrugerrandsCurrent StatusInvesting in KrugerrandsFAQsCommoditiesGoldKrugerrands: Gold Coins Minted by South AfricaByCarla TardiFull Bio LinkedIn Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms.Learn about our editorial policiesUpdated August 22, 2022Reviewed byAndy SmithFact checked byAmanda Jackson Fact checked byAmanda JacksonFull Bio LinkedIn Amanda Jackson has expertise in personal finance, investing, and social services. She is a library professional, transcriptionist, editor, and fact-checker.Learn about our editorial policies What Are Krugerrands? Krugerrands are gold coins that were minted by the Republic of South Africa in 1967 to help promote South African gold to the international markets and to make it possible for individuals to own gold. Krugerrands are among the most frequently traded gold coins in the world market.

The Krugerrand (/ˈkruːɡərænd/;[1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.[2][3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal. 041b061a72