Due the apartheid policy of the South African Government, a ban was placed on the import of Krugerrands in the 1980s in many parts of the world. 67% Gold, 3% Silver and 5. Krugerrand Appearance. Contains 1 oz of 22-karat gold (.
Year: Random Grade: Brilliant Uncirculated Diameter: 32. It was uncontested for more than 12 years, and still has worldwide popularity due to its simple, classic design. Krugerrand coins may be sold easily with any bullion company and bank. The only difference is the 50th anniversary privy mark on the reverse side above the Springbok Antelope. The gold price premium is the percentage adjustment that is added or deducted from the gold spot price. The gross weight of the Krugerrand is 33. When the African Mint was allowed to make the coins once again in 1998, production was reduced to just over 23, 000. The reverse of the coin, designed by Coert Steynberg, shows the Springbok Antelope, the national symbol of South Africa. There were 200, 000 Krugerrand coins minted in 1970 and in 1974, there were over a million made. • The value adjusts according to the gold price movement.
Despite all the pros it is important to view the pure gold value of this investment coin as key. The Krugerrand was first minted in 1967, a co-production of the South African Mint and the Rand Refinery, a precious metals refining company. Today's Ask price per one ounce coin for buying in units of ten is: $1, 906. After gold was found in Witwatersrand Great-Britain had a "great" interest to annex Transvall and Oranje republic into their colony South Africa. From:Los Angeles, CA.
The American Eagle gold and silver bullion coins did not arrive on the scene until 1986. Krugerrands were minted to help promote South African Gold to the international markets. This coin weighs 33. Which means their value is directly tied to the market value of gold.
No minimum purchase required. As the Krugerrand contains one ounce (31. 0909 ozs so that there is exactly 1 troy ounce of pure gold in each coin. 67% (the same as the American Eagle, which came years later). At Wholesale Coins Direct we have over 17 years of experience in the physical asset markets, and over 50 years of combined business management experience. The partially copper composition makes Krugerrands more resistant to scratches compared to gold bullion coins that are pure gold, which is one reason for the desirability and popularity of the Krugerrand over many other gold bullion coins. Available in Brilliant Uncirculated condition. I selected "random year" for the premium reduction.
The inscription "Krugerrand" shows along the outer edge above the animal symbol (fractional sizes show the weight declaration in front of the name "Krugerrand"). At BlueVault, you can purchase Gold Krugerrands in-person, over the counter, for the best local prices. The remaining weight is due to the copper alloy, which is added to create a more durable coin, and also makes the Krugerrand slightly red in colour. APMEX's AutoInvest program allows you to set up recurring purchases of your favorite Precious Metals products. Unlike most gold bullion coins from national mints, Krugerrands, since their first mintage have had no face value or denomination because their value was linked to the daily gold price. If for any reason, you have a problem, please feel free to call us. The copper content, orange sheen and durability appeals to collectors and investors as any mark or blemish could severely diminish coin value. Weight, purity and design of the Krugerrand coin. It is 47 years old, 22k, and it still shines up.
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