South African Krugerrands
If you are searching for reliable and valuable gold coins for investors, Krugerrands are one of the best choices.
These 22-carat gold coins are one of the most popular South African coins, most circulated bullion gold coins and were the first bullion legal tender coins.
They were the model for other one ounce gold coins that followed them.
Krugerrands' History Krugerrand coins were introduced in 1967 as attempt to promote South African gold.
They have been legalized in America in 1975, after the prohibition on gold ownership was lifted.
In 1978 they reached their peak and become the most popular gold coins.
In 1984 their importation into America was banned because of apartheid.
It was lifted in 1994.
Facts and Technical Specifications Krugerrands are minted from 22-carat gold (91.
67% of pure gold) and 8.
33% copper which makes them harder, more resistant and gives them distinctive reddish-golden color.
They are struck every year by the South African Mint.
They are minted as both bullion coins for investors and as proof coins designed mostly for collectors.
Although both have the same design, proof coins are of a higher quality, have lower mintage, different number of serrations, sharper design and are more valuable than bullion Krugerrands.
Sizes and Design Krugerrands were originally minted as one ounce gold coins, which remain the most popular Krugerrand coins to these days.
The fractional sizes were introduced in 1980.
Now they are available as one ounce, half ounce, quarter ounce and tenth ounce gold coins.
You can also buy them in sets that consist of all four coins.
Design of Krugerrand coins remains almost unchanged to these days.
Obverse depicts Paul Kruger, the fifth president of South African Republic, while the reverse portrays a springbok, South African national animal.
Interesting fact that distinguishes Krugerrads from other gold coins is that they don't have a currency denomination on the reverse.
Krugerrand Value Krugerrand value is closely linked to the value of gold.
It is calculated according to their gold content plus a small premium.
If gold prices go up, than value of Krugerrand coins goes up as well and vice versa.
Their value depends on the size of the coin, condition, quantity bought, rarity (when dealing with collectible proof coins) and some other factors.
Krugerrands as an Investment Krugerrands are (due to their gold content) mostly tax-free.
This is very important information for investors.
It allows them to avoid high taxes that they would pay when dealing with other types of investments and products.
They are very liquid coins and can easily be sold at any time.
You can buy or sell them at numerous coin dealers around the world and online.
These 22-carat gold coins are one of the most popular South African coins, most circulated bullion gold coins and were the first bullion legal tender coins.
They were the model for other one ounce gold coins that followed them.
Krugerrands' History Krugerrand coins were introduced in 1967 as attempt to promote South African gold.
They have been legalized in America in 1975, after the prohibition on gold ownership was lifted.
In 1978 they reached their peak and become the most popular gold coins.
In 1984 their importation into America was banned because of apartheid.
It was lifted in 1994.
Facts and Technical Specifications Krugerrands are minted from 22-carat gold (91.
67% of pure gold) and 8.
33% copper which makes them harder, more resistant and gives them distinctive reddish-golden color.
They are struck every year by the South African Mint.
They are minted as both bullion coins for investors and as proof coins designed mostly for collectors.
Although both have the same design, proof coins are of a higher quality, have lower mintage, different number of serrations, sharper design and are more valuable than bullion Krugerrands.
Sizes and Design Krugerrands were originally minted as one ounce gold coins, which remain the most popular Krugerrand coins to these days.
The fractional sizes were introduced in 1980.
Now they are available as one ounce, half ounce, quarter ounce and tenth ounce gold coins.
You can also buy them in sets that consist of all four coins.
Design of Krugerrand coins remains almost unchanged to these days.
Obverse depicts Paul Kruger, the fifth president of South African Republic, while the reverse portrays a springbok, South African national animal.
Interesting fact that distinguishes Krugerrads from other gold coins is that they don't have a currency denomination on the reverse.
Krugerrand Value Krugerrand value is closely linked to the value of gold.
It is calculated according to their gold content plus a small premium.
If gold prices go up, than value of Krugerrand coins goes up as well and vice versa.
Their value depends on the size of the coin, condition, quantity bought, rarity (when dealing with collectible proof coins) and some other factors.
Krugerrands as an Investment Krugerrands are (due to their gold content) mostly tax-free.
This is very important information for investors.
It allows them to avoid high taxes that they would pay when dealing with other types of investments and products.
They are very liquid coins and can easily be sold at any time.
You can buy or sell them at numerous coin dealers around the world and online.
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