Because the Krugerrand has its own inherent financial risks regarding buying and selling, we would like to urge readers to regard this article as only information. There are many coin grading agencies out there but only two that are revered worldwide. Please contact a Monex Account Representative for additional details. This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. With a few simple guidelines you’ll be on your way to owning one of mankind’s longest-living assets. There were also special edition proof coins minted. Dimensions (mm) 32.60 x 2.84.The Krugerrand was the first gold bullion coin to be produced, in 1967, and the design has not changed, with the exception of the date of minting, in over half a century. The 1 oz Krugerrand is arguably the most iconic gold coin of its era and certainly one of the most pioneering. The South African Krugerrands were minted with 160 serrations around the edge of the bullion coin and over 200 serrations on the proof coin, resulting in a truly unique coin. Buy Gold → Krugerrand gold coins can be bought online or with local bullion companies and banks. Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa. We tend to get worked up about the peaks and the valleys over a relatively short period, but the overall, long-term picture may reveal steady growth. Contact Us. Simply lock in the price of the product at any time via our website. We even offer the option to buy Gold Krugerrand coins and pick them up in our physical location. 1/4 Oz Krugerrand R8 141.00. Dr. William Sheldon was an American psychologist by trade and a numismatist as a hobby. Silver. If you need assistance or more information, visit the COVID-19 Corona Virus South Africa Resource Portal. • 22 carat • 1 troy ounce of pure gold • Minimum Gross Weight 33.93g. STEP 1: Login to Online Banking. 1 Oz Krugerrand R31 161.00. We sell Gold Krugerrands and all major bullion bar and coin products and … If you're just looking for gold, then this is the cheapest way to buy. The Krugerrand was the first gold coin to contain precisely one ounce of fine gold, and was intended to provide a vehicle for the private ownership of gold. If you would like to purchase Krugerrands, please consult a certified, financial advisor, who can provide you with professional advice. The long-term declares specific details about the coin as well as its value. The Krugerrand is believed to be the most widely owned bullion coin in the world as it was the first bullion coin minted for investment purposes. 2 x South African Krugerrand, containing one Ounce of Fine gold each. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Standard SMS rates apply. Will car insurance cover be a necessity in South Africa in 2021. The vendor will give you a certificate of authentication, which you will need to keep in a safe place. It is one of the world's most popular and best-known gold bullion coins. For instance, since 1967, when the coin was first launched, it doubled its value every five years. You can buy and store your gold coins using a bank’s online platform.2. More. Policy benefits underwritten by Santam Structured Insurance Limited FSP1027. Description; Specifications.Buy gold Krugerrand online with GerrardsBullion. Introduced as a vehicle to privately own gold, the South African Gold Krugerrand was introduced in 1967. Buy 1 oz Gold Krugerrand Coins Online The first Gold bullion coin in the world and a persistent favorite outside of the United States, the Krugerrand is generally one of the more affordable Gold coins on the market and is recognizable for its unique hue and depiction of a springbok antelope. 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. Extra audio and video materials are available to help you. Price differences may occur with different dealerships as transportation, handling, storage costs and margins vary. Co-Ownership. The gold Krugerrand actually weighs 1.09 troy ounces with the gold content being 1 pure troy ounce. This 2020 1oz Gold Krugerrand is a 22 carat (916.7 Fineness) coin with a fine gold weight of 31.103g grams and a total weight of 33.93 grams. Before this groundbreaking system, coins were graded mostly by physical appearance and could receive one of three grades. All Content Copyright © 2004-January 2021 Golden Eagle Coins, LLC. Krugerrands are an alloy of 91.67% gold and 8.33% copper. Krugerrand Gold Coins. Buy gold bullion coins like the 1oz gold krugerrand, the most popular investment gold coin in the world, and British gold coins like the gold sovereign coin and 1oz Gold Britannia. Although most of our business is trading in South African Gold Coins, namely the famous Krugerrand, we also trade all world gold and precious metal coins. Which type you buy depends what your intentions are. 1/10 Oz Krugerrand R3 363.00. The vendor will give you a certificate of authentication, which you will need to keep in a safe place. However, during this time, the Krugerrand became unfavourable with some Western countries who forbade any imports with the apartheid government of South Africa. Immediate delivery - Call us at (800) 375-9006. Introduced in 1967, the South Africa Gold Krugerrand became the vehicle for private gold ownership. 1/2 Oz Krugerrand R15 897.00. Tax Free. Please seek independent advice before considering acquiring any type of financial services product. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. There are various ways you can invest in gold, and buying Krugerrands is just one of them. VAT Free Insured Delivery. The price is held for you regardless of your method of payment. The price is held for you regardless of your method of payment. Buying Gold Krugerrands is an easy and simple process. Home. Buying Gold Krugerrand Coins online is simple. You can buy the Krugerrand in various fractions of an ounce, such as a tenth, a quarter, a half and a full ounce. The South Africa Krugerrand has had a stagnant minting history and collectors are quick to find that the most common dates are from the late 1970's to 1980's. Location: £ 3203.50. You can buy, using a bank’s online platform. We even offer the option to buy Gold Krugerrand coins and pick them up in our physical location. You need to go to the coin shop, sign some documents and prove your identity before you can take possession of your Krugerrands. VAT free gold bullion coin. Be highly protective about any details or information concerning the coins. For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. FSP 41040. Many vendors do not like card-related transactions because of the extra commission charged by banks. This alone has changed the coin collecting game, while also offering a peace of mind for collectors and investors. Buy Krugerrand gold coins. The most common concern when buying bullion online is fraud. The reverse presents the national animal of the South African Republic: the Springbok antelope. The first thing to notice is the coin's strike type: A Certified American Gold Eagle (or any certified bullion coin) will most likely come in one of two grades: Other certification terms often used for bullion coins: This is completely powered by our in-house, custom-built CMS. His name was linked to the rand, which is the South African currency, and together make the Krugerrand. In 1980, krugerrand gold coins represented 90 % of the gold bullion coin market. You can purchase South African Krugerrands from our online shop at excellent rates based on current gold spot price: Browse our range of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz Krugerrand coins to find the right match for your stock profile. Often the low levels of the gold price do not work in tandem with an acceptable exchange rate of the Rand. The Krugerrand was minted in a copper-gold alloy, making it more durable than pure gold and was the first choice for people buying gold in 1980, making up more than 90% of the global coin market. This gold coin is extremely popular amongst investors and around 1980 accounted for nearly 90% of gold investment coin sales. COVID-19 Corona Virus South Africa Resource Portal. This product contains 1 troy ounce (31.1035 grams) of pure gold. In this way, you’ll protect your business’s integrity and the standard of the bought coin. The golden Krugerrand has a purity of 916.7/1000 and a net weight of 31,1 gram. Buy Gold Krugerrand Coins at Low Premiums. The long-term … Gold krugerrand coins south africa bullion i lowest price gold south african krugerrand coins krugerrands how to test gold coins at home bitgild 1 oz gold krugerrand coins kitco gold coin south african krugerrand 2017 1 4 oz 1 10oz krugerrand gold coin. Buy South African Gold Krugerrands online at APMEX®. Limited Edition Gold. 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. KRUGERRANDS. The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being copper, the old traditional alloy of gold coins.. STEP 3: Select the account you want to use for the transaction. 1, Perhaps it is more meaningful to visit the local coin store to find out about buying Krugerrands. The coin was created as a means for the private ownership of South African gold bullion coins by the general public and was first minted at the South African Mint on July 3, 1967. Nevertheless, most coin shops do not have many Krugerrands in stock, which means they will have to order them.1, Either via EFT or cash is the preferred method of payment. Both these organisations have established the standards required for high-quality coin production. In 1948, Sheldon developed the Sheldon Numeric Scale, which became the foundation of grading and certifying coins. Each and every Krugerrand is minted using approximately 91 2/3 parts gold and 8 1/3 parts copper. A mere phone call is acceptable to some vendors, followed by an EFT and proof of payment. Golden Mile Plan. You don’t have to contact any one, but you can use the call-back facility if you need to. These companies not only certify coins, but they also encase the graded coin into an official holder, preserving the coin and marking the holder with its earned grade. 1 troy oz gold South African Krugerrand coins was first conceptualized in 1964 as a legal tender bullion coin marked only with its weight in gold. As with any large purchase, it pays to do your research and be an informed consumer. Do a background check on the company you are dealing with. You can buy them online for Delivery or Storage using the BUY button or you can call our office to place your order over the phone. Simply lock in the price of the product at any time via our website. Purity and weight. Collect your krugerrands from the vendor. Storage available FREE for 8 months subject to a minimum order of £250.00 More info > Out of stock. Everyone is impacted by COVID-19. Go through the easy and quick process using PMD’s Online Insurance Purchase Platform, at a time and place you prefer. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. The South African Krugerrand began as just a 1 troy oz gold coin but due to extreme demand, smaller increments were introduced in 1980. Since 1980 the coins have also been available in fractional sizes such as half ounce, quarter ounce & one-tenth ounce. 1, You can buy and store your gold coins using a bank’s online platform.2, You need to go to the coin shop, sign some documents and prove your identity before you can take possession of your Krugerrands. Images are product examples only. Buying Gold Krugerrand Coins online is simple. Four versions: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz are all still minted today. This article will cover the basic do’s and don’ts of buying gold coins, including the advantages of owning them, the best gold coins to buy, the best places to buy (including if you should buy online or on eBay), and how to avoid getting ripped off. 1, You can purchase gold coins often if you are intending to invest them in the medium to long-term. Administered by PrimaryAsset Administrative Services (Pty) Ltd. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70. Policy distributed by Prime Meridian Direct (Pty) Ltd. Authorised Financial Services Provider. Krugerrands. The best time to buy a Krugerrand would be when the gold price is low, or when the Rand is strong against the US Dollar. The coin is not so visually appealing as a proof and may have scuffs and scratches from the production process. 1, Seeing the coin’s price is directly linked to the current gold price, stated in US Dollars, convert the latter into the equivalent ZAR, using the relevant exchange rate. Best let go of the vendor company you may be dealing with if it is not recognised by both key organisations. More South African Krugerrands have been purchased than all other 1 oz Gold coins available on the market. Both coins will carry the SAME amount of gold. For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. The Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two companies that issue coins their grades. The Krugerrand is 32.77mm in diameter and 2.84mm thick. Free shipping on $99+ orders. However, be careful which vendor you select for storing your coins. All our gold bars are from certified mints and are a good way for investors to buy gold bullion. British bullion coins are free from capital gains tax and all gold bullion sales are VAT free. In the 1970's, its popularity boomed and it was the number one choice of gold investment among collectors and investors. 1, Below are some guidelines to follow when buying a Krugerrand. Have they been approved by the South African Association of Numismatic Dealers (SAAND) and the SA Mint? The krugerrand gold coin encountered a vast success to private investors in physical gold, as it was the first gold bullion coin issued with a weight of one troy ounce. The gold Krugerrand has been minted since 1967. BIDVAULT PLATFORM - NOW OPEN . STEP 6: Select the denomination you want to purchase. When purchasing a Certified South African Krugerrand, there is information provided on the coin holder that is important to know. Some vendors offer to keep your coins in a safe place, either for free or for some charge. The South Africa Gold Krugerrand is 22 karats, 90% pure gold, 10% copper and contains one ounce of pure gold. It was the first one ounce gold bullion coin ever made. STEP 4: Click on the Menu tab. Prime Meridian Direct is a member of the Direct Marketing Association of South Africa. Secure Storage. By 1978, there were 6 million South Africa Gold Krugerrands being produced and by 1980, this coin reigned 90% of the global gold market. The Krugerrand is still incredibly popular and regarded as one of the most recognized gold coins in the world. Terms and Conditions apply. One way to invest in gold bullion is to buy Krugerrands online. Only sold in brilliant uncirculated or proof condition, the South Africa Gold Krugerrand will add a nice value to any gold collection. Mr. Cliff Johnson, the present managing director, established the Cape Gold Coin Exchange in Cape Town on the 7th August 1977. The South African Krugerrand's design was constructed by two artists, instead of one. The coin's purity, weight, and year of issue are also engraved on the reverse. 1oz Krugerrand Gold Coin Anniversary Duo. Kruger remains one of the most divisive and well-known political figures from the 19th century. Let’s find out about Krugerrands and how you can purchase and invest them. 1980 was also the year the South African Mint decided to add other fractional coins: half, quarter, and tenth ounce. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. In 1980 the Krugerrand accounted for 90% of the worlds bullion coin market. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your gold Krugerrand investment. In 1967 it was first introduced as a channel designed to encourage individuals to own gold. If you buy gold krugerrands as an investment, keep in mind that these coins are 22 carat gold; an extremely high grade in quality. Pure gold, at 24 carats, is too soft to be minted so it is “cut” with various amounts of metal to make it hard enough to mint. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. Cheapest gold bullion coin to buy (lowest premium above the gold spot price due to its popularity) Weight, purity and gold content backed by the South African Government. STEP 5: Select Krugerrands on the Buy menu. How to buy Krugerrands. The obverse or front depicts president Paul Kruger while the reverse design depicts the springbok antelope and the coin date. The gold coin does not display a face value, because its value is directly connected to the going gold price on the world market.1,2 In other words, as the gold price rises and falls, so does the value of the Krugerrand. It's fast and easy, but there are some pitfalls to avoid. 1, You can’t buy these coins from any person that comes along. Buy From Us; Contact Us; The Krugerrand Specialists . Referred to by many as the “Spot” price of one ounce of gold, add to it the vendor’s commission, which usually ranges from 6 to 12%. The main difference between the proof coins and the bullion is the amount of serrations around the edges. South African Gold Krugerrands. You have to safeguard your coins because, if they get lost or are stolen, their value cannot be re-imbursed. Since then the gold Krugerrand, which is produced by the South African Mint has proved popular and by the 1980’s accounted for 90% of the gold coin market. Thieves have been known to break into safety deposit boxes. Buy 1oz Krugerrand Gold Coin Anniversary Duo. If you can buy and invest with Krugerrands online, you can also buy online affordable car insurance with PMD. long-term is done to cater for the affordability of different buyers. Seated as the 3rd president of the South African Republic, Kruger served for almost 10 years as Commander in Chief. Information contained within this website does not constitute financial advice. 1oz Gold Krugerrand Bullion coins are minted purely for gold investment. The vendor may charge you a handling fee for a cash transaction, so rather pay via EFT. 1. You have now estimated the cost of a Krugerrand in ZAR. STEP 2: Select the Shares + Gold tab. Krugerrands have been known to break into safety deposit boxes the proof coins and them... Some pitfalls to avoid been purchased than all other 1 oz, 1/2 oz, 1/4 oz, oz. Use the call-back facility if you need assistance or more information, the... 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