For many years South Africa was the world’s leading gold producer. All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States. Gross Weight: 33.93 grams, 1.09 oz. These coins are minted by the South African Mint, located within Centurion, South Africa. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Head to our Knowledge Center to learn more about investing in precious metals and the Gold Krugerrand sovereign coin. 12-16-2008, 01:39 PM #2. Krugerrands are made of an an alloy, Buffalos are not, so of course they are different colors. All other silver Krugerrands prior to 2017 are fake and illegal, even if they contain 99.99% silver. Also, contrary to popular belief, gold tones, just like silver or copper tones. Remove this section of ads by registering. Krugerrands are an alloy of 91.67% gold and 8.33% copper. U.S. Large Size Read more. Pictured at top: 1/10 Ounce American Gold EagleAs mentioned earlier, Krugerrands are South African gold bullion coins. While one coin may have the same red-gold shimmer as the year it was issued, another may have taken on the classic yellow-gold tone. Just like when buying and selling a house, it is not only the price you manage to purchase the property at but … As a result, they are the oldest minted gold bullion coins that remain in production today. Why Are Krugerrands Valuable? (800) 933-4720, Hours  While apartheid made it illegal to import the Krugerrand to many Western countries during the 70s and 80s, it continued to have a large demand in the East, with countries such as Iran, Turkey, Thailand, Hong Kong, Taiwan and Latin America. There was a time, however, when it was illegal … Enter your email address and we will send you a link to reset your password. However, as Krugerrands are not legal tender sterling they are eligible for Capital Gains Tax (CGT) in the UK - if and only if - your profit exceeds the CGT threshold for the tax year in which you come to sell them. Read More, Liberty Coin Service “ A Krugerrand is simply Gold bullion minted in the form of a one … Half Dollars Diameter: 32.60 MM, 1.28 Inches As an investment into a physical asset, this is very important. 1 Oz Silver Krugerrand Value Melt. Exonumia On the other hand, Gold Eagles are American gold bullion coins. In fact, between 1970 and 1980 SA produced 90% of the world’s gold. Buying Krugerrands during these times could be seen as approval of the practice, and so some Western countries such as Great Britain made the Krugerrand an illegal import during these times. Coin Sets, National Bank Notes The perfect storm slowly starts to hit and can no longer be ignored. While there were restrictions on the importation of Krugerrands in the past, Krugerrands are currently legal to own in the US. Yes. There are a variety of American gold dealers and coin merchants that handle gold Krugerrands. Gold Krugerrands vs. Gold Eagles September 9th, 2008. The Krugerrand once accounted for 90 percent of all gold coins in circulation and is responsible for other nations’ decisions to mint their own gold coinage, including the United States and Canada. I've been bumping into videos (including several interviews with Jim Rogers), in which the ladies (e.g. The first national bullion coin in the world, the South African Krugerrand coin was first issued in 1967 to demonstrate the quality of that country's gold. "The first time I visited Liberty was in 1976. The animal’s name comes from a combination of the Afrikaans words for “jump” and “antelope/goat.” This animal is the only species within the Antidorcas genus of bovines. It’s probably legal in most places but the obvious question is why you’d want to. Do I Pay Tax On Krugerrands? Gold Coins - Why Krugerrands? Read more. Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. Why Silver is seriously Bearish. It’s probably legal in most places but the obvious question is why you’d want to. However, due to the anti-apartheid boycott, Krugerrands were made illegal in many countries apartheid ended in 1991. As a result, premiums on Krugerrands fell below that of other competing bullion coins. Share on: Twitter Facebook Google+ Pinterest Reddit Stumble it Digg LinkedIn Del.icio.us. Proving its worth, the South Gold Krugerrand continues to be one of the most highly sought after choices for gold bullion in the world. The Krugerrand was first minted in 1967. Monday – Friday: 9:30am – 5:00pm It was minted in a copper-gold alloy more durable than pure gold. ” For price indications, refer to our Daily Quotes Price Page. While these coins were once considered illegal due to growing sanctions over South Africa’s apartheid policy, those sanctions were lifted with the abolition of apartheid in 1994. Was gold illegal to own at one time ? Thickness: 2.85 MM, .112 Inches By 1980, the Krugerrand had captured 90% of the world's gold coin market - and it has been estimated that, between 1974 and 1985, the United States imported 22 million gold Krugerrand coins. As an investment into a physical asset, this is very important. More than 25,000 gold Krugerrands are minted annually. The sanctions ended in 1994, when the South African government abandoned apartheid. As consciousness of South Africa’s Apartheid policies grew, the Krugerrand suffered from diminished interest; especially as new competitors entered the market. World Coins I still come in several times a year to pick up one of the monthly special offerings." In the 1970's, its popularity boomed and it was the number one choice of gold investment among collectors and investors. There were several videos, including stackers' videos on YouTube with ladies praising their Krugerrands. Parties interested in acquiring or selling a collection of these particular gold coins within the States have both internet and brick-and-mortar options for purchasing. Specific Gravity: 17.77 Approx. Obsolete Currency The coins have legal tender status in South Africa, although Krugerrands were never assigned a rand (ZAR) value. Further, for a while the U.S. Mint was not able to supply enough 1-oz Gold Eagles.So, a major wholesaler began importing, for the first time in decades, new Krugerrands. That ended in 1991 with the lifting of the sanctions, and once again the Krugerrand became one of the most popular gold bullion coins among Americans. They've been minted since 2017 and are available in bullion and proof varieties. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. Krugerrands are the world’s most popular gold bullion coins, with more Krugerrands having been minted and sold than any other modern gold bullion coin. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. If you cannot legally own gold (other than jewelry), what is the punishment for owning gold bullion or krugerrands 4.) Of course it's a different color. Size: 1.00 Ounce The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. Many investors misunderstood this ban and thought that Krugerrands were illegal to own in the U.S. (the import ban has been lifted, so it is now legal to import Krugerrands again.) How much is a krugerrand worth in us dollars today sa kruger traders we and krugerrands krugerrand wikipedia 1 ounce krugerrand south africa numista south africa 1 oz gold krugerrand random year coin online. In the UK all investment gold is VAT free. Safe keeping One of the risks of Krugerrands is that they can be stolen. If you’ve got a 1oz gold Krugerrand you’ve got a known quantity. Troy Some investors prefer to store their gold in a precious metals IRA account. 1 Oz South African Gold Krugerrand Coins Money Metals. South African Krugerrands are a low-priced, high-quality gold bullion coin … At the 1979-1980 peak of the gold market, it was the best selling gold bullion coin in the World. The antelope is also found on South African five-shilling pieces. Why Buy South African Gold Krugerrands? All of this was in spite of many Western countries making the Krugerrand an illegal import. Economic sanctions, due to the apartheid, made the importing of the South Africa Gold Krugerrand illegal but this ended in 1991, when South Africa abandoned the apartheid. Historical Precedent in Silver & Gold. Just like when buying and selling a house, it is not only the price you manage to purchase the property at but … By volume, it is indeed the most popular bullion coin. Since Krugerrands are still widely traded, they make a fine choice for a bullion coin purchase. As such, the Canadian government filled the void when it introduced the 24-karat Canadian Maple Leaf Gold coin in 1979. Fineness/Composition: .9167 Gold, 22 Karat All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States. © 2014 Liberty Coin Service All Rights Reserved. Troy Daily Price Quotes | Foreign Exchange | Cash in Your Treasures | Shipping | Returns | Privacy. 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