1. The Krugerrand coin determines its value by its gold content plus a premium that is dictated by market conditions. (Gold Price per ounce) The bullion gold coin from South Africa gets its' name from a.
2. The Krugerrand was minted as a way to market South African gold globally and to offer the opportunity to own gold privately. It is the most widely traded coin in the world and is a way to secure peace of mind.
3. The Gold Krugerrand is the grandfather of modern bullion. The coin was first issued in 1967 and has a complex history that was heavily influenced by Western boycotts due to apartheid.
4. The Gold Krugerrand is a South Africa Gold Coin first minted in 1967 to help market South African gold and is produced by the South Africa Mint. By 1980, the Krugerrand accounted for 90% of the global gold coin market. The name itself is a compound of 'Kruger' (the man depicted on the obverse) and 'rand,' the South African unit of currency.

The South African Krugerrand is the official gold bullion coin of South Africa, which is the first gold bullion coin in the world minted for investment. The Krugerrand coins were marketed so successfully that they possessed an 89% market share of the entire gold bullion coin industry in the early 1980s.

South African Krugerrand

South African Krugerrand - Gold Coins - Gold Price

The South African Krugerrand is the official gold bullion coin of South Africa, which is the first gold bullion coin in the world minted for investment. The Krugerrand coins were marketed so successfully that they possessed an 89% market share of the entire gold bullion coin industry in the early 1980s. Nowadays, the Krugerrand is a popular coin among the investors and collectors.

South African Krugerrand

Country :South Africa

Coin name :South African Krugerrand

Composition :91.67% Au, 8.33% Cu.

Gold fineness :22K

Years of minting : 1967–present

Face Value :None

Size Specification :1 oz, 1/2 oz, 1/4 oz, 1/10 oz.

Diameter :32.77 mm, 27.07 mm, 20.06 mm, 16.55 mm.

Edge :Reeded

Description

History of South African Krugerrand

The South African Krugerrand was first introduced in 1967 minted by the South African Mint to offer private individuals an opportunity to own gold. During the 1970s with the great bull market in gold, the Krugerrand became the first selection for investors in the world. Between 1974 and 1985, an estimated 22 million gold Krugerrand coins were imported into the U.S. alone. During the 1970s and 1980s, the Krugerrand was suffered from the economic sanctions to prohibit South Africa from selling Krugerrand in the United States, however, that didn't affect the trading Krugerrand that were already in the U.S. The sanction was ended in 1994. In 1980, the South Africa introduced three smaller coins (1/2 oz, 1/4 oz, and 1/10 oz). By 2008, the Krugerrand coins have been sold with 46 million ounces of gold.

Design of South African Krugerrand

The obverse of the South Africa Krugerrand is the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The name of gold coin is a compound of 'Kruger' (the man depicted on the obverse) and 'rand', the South African unit of currency. The reverse of Krugerrand is a springbok in the filed, one of the national symbols of the South Africa, which is designed by Coert Steynberg. This design was previously featured on the South African five shilling coin. The country name of 'South Africa' and the gold content are inscribed in both Afrikaans and English on the gold coin.

Face Value & Market Value

The Krugerrand is struck with no face value because it is primarily minted for trading outside South Africa. The market value of Krugerrand is changed based on the price of the world gold market. Each South African Krugerrand's price is the gold spot price of current market plus a premium per coin.

Size Specification

Provided in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz denominations, those coins are 22 karat including 91.67% gold and 8.33% Copper which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. The gold Krugerrand coins are harder and more durable, so they can resist scratches and dents. Below lists detailed information of four sizes specification:

Advantage

Advantage of South African Krugerrand:

1. The South African Krugerrand is the first gold bullion coin in the world minted for investment.

2. The South African Krugerrand is with extremely high liquidity, it is convenient to buy and sell anywhere in the world where the precious metal are traded.

3. The South African Krugerrand is small and exquisite, so that easy to store, or transport.

4. The South African Krugerrand has a high level of recognition in Asia and Europe.

5. The South African Krugerrand is minted in 22 karat gold alloyed with 8.33% copper to make it stand up to the rigors of daily use.

6. The South African Krugerrand owns the classical design which is popular for collectors.

Krugerrand Value

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