… Both these organisations have established the standards required for high-quality coin production. $1,862.40-52.20. Trustpilot. There are various ways you can invest in gold, and buying Krugerrands is just one of them. The price of a Krugerrand is directly linked to the ruling international spot gold price, Krugerrands are simple to buy and sell as you know exactly what price you should pay or get paid. Obverse Designer: Otto Schultz. However, South Africa’s apartheid policy led to the illegalization of the importation of the Krugerrand in numerous countries in the West during the seventies and eighties. Assessments are free of charge. $1,950.70. The Krugerrand was first released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. Buy 2021 South Africa 1 Oz Silver Krugerrand (BU) from Monument Metals, an industry leader in Silver bullion coins. Designed timelessly, made durably and traded reliably, the Krugerrand is an investment that you can trust. 1, You can purchase gold coins often if you are intending to invest them in the medium to long-term. We offer some of the lowest prices in the UK for gold Krugers. Krugerrands are also portable and easily liquidated. For instance, since 1967, when the coin was first launched, it doubled its value every five years. Register. Houston Coin Buyers is the BEST PLACE TO Sell South African Krugerrand GOLD COINS IN HOUSTON TEXAS. Where can I buy and sell South African Gold Krugerrands in the United States? Why buy this R1 South Africa 2020 1 oz Silver Krugerrand? Investgold is the largest supplier of Krugerrands in South Africa, including limited editions of gold and silver bullion coins/bars. The latter was an extraordinary concept back in 1967 when the Krugerrand was first minted in South Africa to promote the country’s gold. A Kruger Rand is a South African gold coin first minted in 1967. That is, no waiting period to receive coins which you have paid for. Buy and Sell Krugerrands with The South African Gold Coin Exchange & The Scoin Shop. The price is based on the Rand/USD exchange rate and Silver price. CGT Exempt: No. In South Africa, the ideal way of investing in gold bullion is Krugerrands. I also like their durability, being an alloyed product. We buy all gold coins no matter what size. Coin Highlights: Contains 1 oz of Gold. Krugerrands are accepted as a global form of currency, with a universal value linked to the daily gold price. Buy 1 oz Random Year South African Gold Krugerrand Coins Online. Often the low levels of the gold price do not work in tandem with an acceptable exchange rate of the Rand. Unlike other gold coins, the Krugerrand has no actual face value apart from its precious metal content. You can verify the resale price of a Krugerrand by checking the current Gold Price.The spot gold price is quoted in US Dollars and is then converted at the current ruling Rand/Dollar exchange rate. ISA Gold makes it possible for you to buy Krugerrands the easiest way. Some vendors offer to keep your coins in a safe place, either for free or for some charge. Palladium. 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. You need to go to the coin shop, sign some documents and prove your identity before you can take possession of your Krugerrands. Suddenly, everyone could be a gold investor. Sell This Product to Kitco. Fineness / Carat: 0.917 / 22. 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%. Quantity. gold bullion coin, with in excess of 58 million ounces having been minted. A mere phone call is acceptable to some vendors, followed by an EFT and proof of payment. Everyone is impacted by COVID-19. Internationally recognition – It’s one of the world’s leading brand names and only issued in South Africa. R0.00 - R60,888.00; R60,888.00 - R121,166.00; R121,166.00 - R181,444.00; R181,444.00 - R241,722.00; R241,722.00 - R302,000.00; Buy Silver Krugerrands Silver Krugerrands are now available in a Bullion version. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. The face value is, From the above specifications we can see that the perception that a 1 oz. We stock South African Krugerrand coins in 1/10th, quarter, half and one-ounce variations and also carry the 2017 edition , which marks the coin’s 50th year in production. Home » 2020 South Africa 1 Oz Silver Krugerrand (BU) … Top 5 reasons to buy Krugerrands now 1. We buy and sell worldwide stamps and specialise in Southern African stamps. In 1967, South Africa presented the world with the grandfather of modern bullion coins, the Gold Krugerrand. While there are a number of pros for owning gold in the form of Krugerrands (recognisability, history, ease of acquisition, legal tender status, and so on), the immediate and chief advantage is undoubtedly the price. The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. Free shipping on all orders of $99 or more! Point Jewellery Exchange will always try to give you the best possible price for your Krugerrands if you ever want to sell them. 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. The South African Gold Krugerrand is a Legal Tender coin issued by South Africa, weighing 33.93 grams, or 1.0909 troy ounces of 22-karat gold. If you want to buy Krugerrands, you will want to pay buy the lowest premium Krugerrand. Apply Now. You now have a finished MintDirect® Premier + PCGS FirstStrike® 2021 1 oz Silver South Africa Krugerrand Single. 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. Go through the easy and quick process using PMD’s Online Insurance Purchase Platform, at a time and place you prefer. The first South African Bullion Gold Coins issued in the gold bullion market were Gold Krugerrand Coins. That is, no waiting period to receive your money for coins sold. The Krugerrand remains the worlds most popular and actively traded. Because South Africa and Great Britain cut ties in 1941, the mint closed but reopened in 1961 when South Africa became its own Republic. FNB will sell the full range of Krugerrands, ranging from 1/10, ¼, ½, and full one ounce coins. Stamps; Union of SA—Kingsheads; ... Krugerrands are accepted as a global form of currency, with a universal value linked to the daily gold price. They were launched for the first time in 1967 and conquered 90% of the precious metals market by 1980. Bulk Discount. In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being … Republic of South Africa; British Commonwealth; South West Africa; Union of SA—Comm. Simply stated, it is the cheapest available gold bullion product on the South African market. Here's your chance to acquire one of these popular Gold coins from the early 1970s at a reasonable price. As you can imagine, its popularity surged higher than ever. Silver-sphere Trading (Pty) Ltd is a Johannesburg based on-line silver and gold bullion supplier founded in 2013 by me, Dr Zoltan Erdey. Buy Krugerrands – The Easiest Way to Protect Against Currency Fluctuations. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Minting of South African Gold Krugerrands began in 1967. Have they been approved by the South African Association of Numismatic Dealers (SAAND) and the SA Mint? Sell 1/10 oz Gold Krugerrand. Buy Gold Krugerrand Bullion Coins. With the market leaders, since $300 an oz. Krugerrands are the easiest way of dealing in Gold bullion. If you would like to purchase Krugerrands, please consult a certified, financial advisor, who can provide you with professional advice. The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. 43.80. Due to the fact that the gold price is internationally quoted in dollar prices, the Krugerrand price or value can easily be ascertained. Silver. Be highly protective about any details or information concerning the coins. Per Ounce From £1,548.10. now struck as well. America's trusted, high volume gold dealer for 50+ years. Login. Krugerrand's are extremely liquid, and you can therefore sell your Krugerrands immediately at the listed gold price. Instead, like the American Gold Eagle, the Krugerrand has a composition of 22 karat gold. Even though it was initially made in denominations of 1oz only, the success and popularity enjoyed by the Krugerrand saw it being minted in 1/2oz, 1/4oz and 1/10 as well in 1980. The actual weight of a 1 oz Krugerrand is thus 1.09090698 ounces. The South African Mint Company is located in Centurion, between Pretoria and Johannesburg and is a wholly owned subsidiary of the South African Reserve Bank (SARB). The Krugerrand was a unique specimen at the time, given that it could convert into any currency and was brought into being to give the South African mint a much-needed boost. £1,456.92. Free shipping on $99+ orders. South African Gold Krugerrand. If you can buy and invest with Krugerrands online, you can also buy online affordable car insurance with PMD. In 1980 the fractional Krugerrand's (1/2 ounce 1/4 ounce and 1/10 ounce) were added to the 1-ounce Krugerrand in order to assist the smaller buyer to obtain gold at an affordable price.The Krugerrand is unique in that it is legal tender, or a valid trading coin without a face value. long-term is done to cater for the affordability of different buyers. More South African Krugerrands have been purchased than all other 1 oz Gold coins available on the market. I mostly buy silver, but wanted to diversify with a bit of gold Chose South African coins, as they are recognized the world over. Monument Metals. Call 800-997-7859 to learn more about investing in gold South African Krugerrand coins with Monex. STEP 8: Review the Quote and accept the Terms and Conditions by checking the box. Gold. Simply view the various coin weights, make your selection and buy. 1 oz Krugerrand weighs 33.930 grams, therefore the 1 oz Krugerrand contains 31.103 grams or 1 ounce of fine gold and 2.827 grams or .09090698 ounce of copper. Today, over 50 million ounces have been sold since the coin’s inception, nearly six decades ago. Take a look at our on-line store. We would appreciate your feedback. The current regulation, as per the South African Reserve Bank’s website, is as follows: Banks may allow the export of Krugerrand coins or the equivalent in fractional Krugerrand coins up to an amount of R30 000 as gifts by residents to non-residents (www.resbank.co.za). Take a … While the coin was popular in the East and became popular in the West after the end of apartheid-era boycotts, it long went without a silver counterpart. Gold This fact places South Africa in a unique position since the country is known for mining precious metals. Buying Gold Krugerrand Coins online is simple. It’s minted by the Rand Refinery in Pretoria for the South African Mint using gold mined in South Africa. with in excess of 58 million ounces having been minted. Here is some information about the Krugerrand and its history. Proof Krugerrands. 1, Perhaps it is more meaningful to visit the local coin store to find out about buying Krugerrands. 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. It contains one troy ounce of pure gold along with an alloy of 2.826 grams of copper. have always represented the ultimate in wealth and prestige. The vendor will give you a certificate of authentication, which you will need to keep in a safe place. Checkout. Get The Best Prices. 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. The South African Mint Company, commonly known as the South African Mint, manufactures Proof Krugerrands, and jointly manufactures the Bullion Krugerrand with Rand Refinery. Gold Krugerrands have legal tender status in South Africa but they have never recorded a face value on the obverse or reverse side of the gold coin. 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. Krugerrands can easily be identified with an impala engraving. The bullion silver Krugerrand will gives South African investors an affordable means to allocate a portion of their investment portfolios to physical precious metals. Add to basket. The South African Krugerrand was first struck in 1967 as the world’s first modern coin. FSP 41040. Apart from our competitive prices, you will take immediate delivery of your Krugerrandâs. $2,380.50-61.10. The obverse (front) of the Krugerrand depicts the bust of Paul Kruger who was president of the ZAR (Zuid Afrikaansche Republiek), which comprised of the old Transvaal, when the Witwatersrand gold was discovered in 1886. 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. Prime Meridian Direct is a member of the Direct Marketing Association of South Africa. However, be careful which vendor you select for storing your coins. coins, or you can buy a full complement of the standard 1-oz. 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