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2024 1/4 oz South African Krugerrand Gold Coin (BU)
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2024 1/2 oz South African Krugerrand Gold Coin (BU)
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2024 1/10 oz South African Krugerrand Gold Coin (BU)
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2023 Gold 1/2 oz South Africa Krugerrand BU
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2023 Gold 1 oz South Africa Krugerrand BU Coin
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Looking for timeless gold? The Krugerrand Gold Coins are a precious metals icon and a wise investment. For almost 50 years, these coins have symbolized prosperity, endurance, and South African history.
The exquisite world of gold coins includes many renowned names, from American Eagles to Gold Britannias and iconic Krugerrand Gold Coins. The Gold Krugerrand is a fascinating and valuable coin that many may not be familiar with. So what exactly is it?
A Krugerrand, first minted in 1967, is a gold coin (also available in Silver) struck by the South African Mint in partnership with Rand Refinery. The name “Krugerrand” is derived from Former President Paul “Kruger” and the South African currency, the rand.
Krugerrand Gold Coins are the World’s first bullion Coins!
Explore these historical, highly sought-after, valuable, and pure coins at BOLD Precious Metals that will bring considerable value to your portfolio. Keep reading to find out - Why the Krugerrands are as great as they are!
The South African Mint strikes Krugerrands, a government mint that works with the South African Reserve Bank. The products, including the Krugerrands, are produced by adhering to the highest quality and purity standards. With over 120 years of operational experience, investors and collectors can confidently purchase these gold coins!
Gold Krugerrands are highly accessible in the market, as the mint ensures a huge annual mintage. Since its introduction, over 50 million coins have been circulated, making it one of the most active gold coins.
Such mintage and accessibility are ensured without compromising on purity and quality. Krugerrand gold coins are struck in .9167 fine gold, which makes them highly durable and favorable for long-term investment and discerning investors.
When the market drops during inflation, precious metals are the ideal hedge against inflation for investors. Gold coins are the perfect option because of their unhinged nature against inflation. The Krugerrand gold coins, with high accessibility, purity, and easy liquidity due to demand, are the prime choice.
Owning Krugerrand gold coins as an investment will let you own significant gold content without compromising value, design, and demand. Regardless of the amount, your investment is safe with Gold Krugerrands due to their weight categories, historical significance, and legal tender status!
The effigy depicting the left profile of South African Former President Paul Kruger is featured. The inscriptions include “SUID-AFRIKA” in Afrikaans and “SOUTH AFRICA” in its English translation. Kruger was a famous historical figure, a renowned Boer military and political figure in South Africa, who inspired the name of the Krugerrand.
The Krugerrand was designed as a “working man’s coin.”
Symbolizing South Africa’s vast flora and fauna, the Springbok Antelope is depicted as the national symbol of the modern Republic of South Africa. The graceful antelope is seen on the African lands surrounded by the inscriptions of the year of issue, purity, and weight with “KRUGERRAND.”
The Krugerrand Gold coins displayed the same initial designs throughout history. The only change that the design experienced was the modernization of the design to suit the current market specifications!
The Krugerrand Gold coins were introduced as 1 oz gold coins; however, in the later years, more weight options were added. During the 1980s, the popularity of Gold Krugerrands skyrocketed, leading to the South African Mint's introduction of various other weights. Now, whether a veteran or novice, each investor can opt for the Krugerrands, regardless of objectives and budget!
Find Gold Krugerrand specs and weight categories illustrating reliability, purity, and investment attractiveness:
| Weight | Purity | Actual Weight | Total Weight | Dimensions |
|---|---|---|---|---|
| 1 troy ounce | .9167 | 31.103 Grams | 33.93 Grams | 32.70 x 2.80 mm |
| 1/2 troy ounce | .9167 | 15.552 Grams | 16.96 Grams | 27 x 2.20 mm |
| 1/4 troy ounce | .9167 | 7.776 Grams | 8.48 Grams | 22 x 1.80 mm |
| 1/10 troy ounce | .9167 | 3.110 Grams | 3.39 Grams | 16.50 x 1.30 mm |
The South African Mint, founded in 1890, is a national mint. With the amended SARB Act 90 of 1989, it became a wholly-owned subsidiary of the South African Reserve Bank (SARB). Besides its flagship product, the Krugerrand, the South African Mint also produces the Big 5 Series, which honors and commemorates South Africa's diverse wildlife.
During the apartheid-era sanctions, the import of Krugerrands was banned by several Western Countries.
The Mint produces the Krugerrands in concert with Rand Refinery, the World’s largest single-site precious metals refining and smelting complex, which holds the trademark of “Krugerrand.”
The Krugerrand gold coins contain 91.67% pure gold and 8.33% copper alloy.
Different weight categories have different weights; check the above specifications table for clarity.
Remember these criteria for authentication:
To get an accurate and more confident evaluation, seek help from a professional coin dealer or numismatist.
Since Krugerrand Gold coins are primarily valued based on their gold content, their value significantly depends on the gold spot price and merchant premiums. Thus, as of October 7, 2024, the 1 oz gold Krugerrand value would be $2720.10, excluding the premium, which could range from $22.39 to $200.00, depending on weight. BOLD offers the lowest premiums on gold Krugerrand bullion coins.
The Krugerrand gold coins at BOLD are available at the most competitive premiums over the spot. With over nine years of precious metals industry experience, we have built a loyal customer base, which is held together by our easy-to-navigate website, seamless transactional system, and dedicated customer service team!
Explore the Gold Krugerrands and various sought after South African Mint bullion coins at BOLD now and fortify your investment journey with them.
For any concerns or queries, feel free to call or email us.
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