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Buying South Africa Krugerrand Gold Bullion Coins
South Africa Gold Krugerrands are a low-priced, high-quality bullion coin that is avidly traded through out the world. First issued in 1967, Krugerrands were the bullion gold coin of choice until the advent of the American Gold Eagle in 1986 and remain one of the most successful of all modern gold bullion coins.
The obverse design, created by Otto Schultz, features a bust of Paul Kruger, the last president of the Republic of South Africa. The reverse, designed by Coert Steynberg, depicts a South African gazelle called a springbok.
Although legal tender in South Africa, Gold Krugerrands have no "face value." They are struck in 22-karat solid gold at the mint in Pretoria, South Africa.
Benefits of South Africa Krugerrands
Gold content guaranteed-- Krugerrands are guaranteed as to weight and gold content by the South African government. Each coin contains 1 troy ounce of pure gold.
Minted in 22-karat gold-- Using the durable gold standard established for gold circulating coinage more than 300 years ago, each Krugerrand is minted in 91.67% fine gold alloyed with a small amount of silver and copper added to harden and protect it against damage. Pure, 24-karat gold is actually quite soft. Adding alloy to pure gold makes it many times more durable than gold itself. However, each coin still contains its 1-ounce of pure 24-karat gold. The alloy weight is extra.
Instantly liquid-- Krugerrand gold coins are easy to sell at gold market value almost anywhere in the world. Since their inception in 1967, Krugerrands were long considered to be the international standard for gold bullion investment coins, surpassed in popularity only recently by American Gold Eagles.
Easy to store and transport-- Gold bullion coins are compact, convenient, and easy to store or transport. We pack them securely in 3-inch tall, break-proof plastic tubes that are perfect for home safes and bank safety deposit boxes.
Better than bars and ingots-- We recommend gold bullion coins like Krugerrands over gold bars and ingots because they're far easier to sell, store, and transport, and do not incur the additional costs of assaying when it is time for you to sell. With the advent of government-issue bullion coins in the last 20 years, most gold bar manufacturers have been put out of business.