Krugerrand Gold Coin
Krugerrand is a South African coin which was first minted in 1967 in order to help South African gold market. These coins have legal tender status in South Africa but it was not intended to be used as money, thus it is regarded as medal-coin.
Krugerrand was the first gold coin which contains one ounce of fine gold. Most Krugerrand coins were minted between 1970 and 1980 to meet the demand of gold coin buyers.
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 KRUGERRAND 999 100 MILS 24k GOLD 1 TROY OZ PROOF BAR  US $12.95
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 5 SOUTH AFRICA KRUGERRAND LION 100 MILS 24K GOLD BARS US $34.95
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 LOT 5 1 OZ 2008 KRUGERRAND GOLD SA BULLION COPY COINS US $49.92
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 NEW 2010 1 OZ KRUGERRAND GOLD SOUTH AFRICA COPY PROOF US $9.95
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 SET 2008 2009 2010 1 OZ KRUGERRAND 100 MILS GOLD COPY US $24.95
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 1 OZ KRUGERRAND 2008 GOLD SA SOUTH AFRICA GEM COPY COIN US $9.95
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South African Krugerrand coins were first imported into United States just after when American got the right to buy and own gold bullion since Dec 31, 1974.
The rush to buy gold made Krugerrand an instant hit. Krugerrand gold coin is one of the most popular gold coins and is very famous among gold coins collector today.
It contains exactly one ounce of pure gold with copper added, to make the gold coin much stronger and durable.
Components of Krugerrand gold coins
Denomination: 1 oz
Diameter (mm): 32.77
Thickness (mm): 2.84
Weight (g): 33.930
Fineness: 22 carat
Gold Content: 31.103 g
Edge Reeded: 180
Krugerrand gold coin basically comes into four sizes: 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce. But all the four sizes of gold coins carry the same design.1-oz Krugerrand is most popular and can be easily found in larger quantities.
The fractional ounce is not generally available; if it’s available they are usually lower priced than fractional-ounce Gold Eagles.
Value of Krugerrand
Despite the presence of different gold coins such as American gold buffalo, Canadian maple leaf gold coins, Eagle gold coins, Canadian maple Leaf gold coins and Double Eagles, Krugerrand still enjoys being the most active in secondary market of all modern bullion coins.
Krugerrand still maintains its prestige for being original tender coin and whose current value in the market is 1troy oz.
Recent price of Krugerrand gold coins
First minted in 1967, but Krugerrand don’t have the monetary value imprinted on it. It is the first coin whose value varies with the current market value. Once the gold price fluctuates the value of the gold coin differs accordingly.
For e.g.: The 1 oz Krugerrand price would be around $600 when the gold’s market value is $600.If at any time the gold prices jumps to $800, the 1oz Krugerrand would increase simultaneously.
Besides the “spot price” mentioned above, you have to add the premium of the Gold coin when calculating the price. Like Mexican 50 Peso gold coins, Krugerrand carries a small premiums ranging from 5% to 10% depending on sizes and purchase quantity.
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KRUGERRAND 999 100 MILS 24k GOLD 1 TROY OZ PROOF BAR | |
0 Bid | US $12.95 | 51m |
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5 SOUTH AFRICA KRUGERRAND LION 100 MILS 24K GOLD BARS | |
0 Bid | US $34.95 | 52m |
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LOT 5 1 OZ 2008 KRUGERRAND GOLD SA BULLION COPY COINS | |
0 Bid | US $49.92 | 1h 29m |
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NEW 2010 1 OZ KRUGERRAND GOLD SOUTH AFRICA COPY PROOF | |
0 Bid | US $9.95 | 3h 38m |
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SET 2008 2009 2010 1 OZ KRUGERRAND 100 MILS GOLD COPY | |
0 Bid | US $24.95 | 4h 59m |
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1 OZ KRUGERRAND 2008 GOLD SA SOUTH AFRICA GEM COPY COIN | |
0 Bid | US $9.95 | 5h 14m |
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MINT 2008 1 OZ KRUGERRAND GOLD SA GEM COPY PROOF COIN | |
0 Bid | US $9.95 | 8h 27m |
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1 10 Ounce Gold South African Krugerrand | |
0 Bid | US $153.00 | 9h 10m |
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Krugerrand Gold Replica | |
0 Bid | US $.99 | 10h 19m |
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1 OUNCE 312 GRAMS AUSTRALIAN GOLD $100 FINE GOLD COIN | |
16 Bids | US $1,278.50 | 15h |
Conclusion
Investing in gold has proved to be one of the safest ways to protect ones personal asset against inflation. Buying gold coins is the safest way to protect hard-earned money which can be later used during economical crisis.
As, South African Krugerrand gold coin carries small premium, thus gives more money than any other American eagle gold coins.
It is already well known for any trader and dealer. Undoutedly, Krugerrand gold coins can be a good add on to one’s collection and also a good investment for any investor.
