The original Krugerrand (known as the one ounce Krugerrand) is 32.77 mm in diameter and has a thickness of 2.84 mm, weighing in at 1.0909, Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is. 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. They were produced by the, By 1980, the Krugerrand had already made a mark, accounting for an incredible. Add to basket. There are now four different sizes (or denomination) of Krugerrand coin: Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African Springbok antelope on its reverse. Other companies may also require you to pay for secure postage and insurance on your coins. Gold coins came to mean coins of numismatic or collectors value, coins which traded for prices far in excess of their gold value. Between the years of 1967 and 1969, approximately, 40,000 Krugerrand coins were minted each year. By 1980, the Krugerrand had already made a mark, accounting for an incredible 90% of the global gold coin market. Buy Gold Krugerrand Coins. It was the first one ounce gold bullion coin ever made. First things first: what exactly is a Krugerrand coin? PostMyGold.com Highest Value Coins Still in Circulation, Why You Shouldn’t Sell a Gold Sovereign on eBay: Ask the Experts. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. Cash your gold websites will often base their quote on the daily price of gold, but the offer you receive may be much lower. In addition to having really strong bids on gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins. In modern bullion gold coin investing history, the gold 1-ounce Krugerrand is the most famous of all 1oz gold coins. At Post My Gold, we make selling Krugerrand coins a hassle-free process. 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. The South African gold Krugerrand has made gold ownership simple by providing a one troy ounce unit of gold that was easy to buy and sell all over the world. Krugerrand gold coins contain exactly one troy ounce of gold. Some sellers have experienced a number of dealers stating that they will only buy back their own coins, making it problematic to find a seller and get a good deal. 1 ounce Krugerrand Gold Coins available from Canadian Gold Coin Dealers. The latter part of the word comes from ‘Rand’ – the South African unit of currency. 1oz Krugerrand $ 2,795.00. The South African Government changed that with the introduction of the Krugerrand in 1967. Krugerrand 1/2 oz: 838.00 0.66: CHF per 1/2 Ounce 1/7/21 11:00 AM Krugerrand 1/4 oz: 419.00 0.66: CHF per 1/4 Ounce 1/7/21 11:00 AM During the 1970s and 1980s, there were some countries in the West that implemented a policy that forbade the import of the Krugerrand coin, due to its association with the South African apartheid regime. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. Simple! Whether you’re a coin collecting enthusiast or you simply suspect you might have a famous Krugerrand coin in your possession, you’ll be full of questions. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. Put simply, a Krugerrand is a, first Krugerrands were minted on July 3, 1967, and they were used as a vehicle for the private ownership of gold and to help market South African gold. Once we receive your gold, we’ll send you a quote within 24 hours. But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. While the addition of copper means they may not have the usual appearance of gold, they are one of the purest coins you can get your hands on. If you choose to sell Krugerrand coins, the amount you will receive will ultimately depend on its size and condition. Before you even think about selling your Krugerrand coins, it’s important to do your research. All prices includes USPS Registered insured delivery. OnlyGold.com is owned & published by CMI Gold & Silver Inc. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. The South African Krugerrand was the first gold coin to contain one troy ounce of gold. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Although levels have increased again, they have never reached the production levels seen in the 1970s. Each Gold South African Krugerrand coin contains one ounce of pure gold. How much is a Krugerrand worth today? All checks, shipments, and correspondence should be sent to: CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012, Minimum order is three ounces. The South Africa Gold Krugerrand coin is one of the most widely owned gold coins to date, with sales of over 50 million ounces since inception. Other companies may also require you to pay for secure postage and insurance on your coins. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. It should be noted that while the different types of Krugerrand coin all differ in height and weight, all Krugerrand coins still bear the 91.67% of pure gold. It also means they are slightly heavier than your average gold coin. An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our. The South African Gold Krugerrand was created in 1967 as the official bullion coin of South Africa. In 1970, this number rose dramatically to over 200,000 coins. Investors looking to buy or sell Krugerrand Gold coins online or over the phone should call Money Metals Exchange directly at 1-800-800-1865 to inquire about Krugerrand Gold coins value and availability and/or to place an order. Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is 91.67% pure (22 karats). Minting fell dramatically following the end of apartheid. What exactly is a Krugerrand coin? (22 karats). Ounces offer the best value for money. If I have one, how do I sell a Krugerrand? , the amount you will receive will ultimately depend on its size and condition. . The Krugerrand. Once we receive your gold, we’ll send you a quote within 24 hours. calculator). Fully insured delivery. The original Krugerrand (known as the one ounce Krugerrand) is 32.77 mm in diameter and has a thickness of 2.84 mm, weighing in at 1.0909 troy ounces (equivalent to 33.93 grams). If you’re planning to sell Krugerrand coins to Post My Gold, why not take the opportunity to have a look through your drawers and see if you can find any old jewellery lying around? Your gold, your legacy. First produced in 1967, the Krugerrand celebrated its 50th birthday in 2017, and it’s still one of the top-selling gold bullion coins in the world.. During the late 1960s and early 1970s, South Africa mined 75 per cent of the total gold output in the western world. Not only do you get rid of all your old clutter, but you could make a hefty sum of money, too. Chards 50yrs+ experience. (Krugerrands are commonly misspelled as Krugerands), Receive ARTICLES OF INTEREST & SPECIAL OFFERS if you like. Prices as of: Jan, 09, 2021 06:51 PM Eastern time. Post My Gold © 2017 All Rights Reserved. Random dates from 1967 - 2020. There are now, Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African. on the obverse of the coin is the figure of President Paul Kruger also known as “Uncle Paul” and the coin`s reverse illustrates a springbok antelope and also the mint date in the field. Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. If you’re looking to sell Krugerrand coins, you’ll want to know what they are and how much a Krugerrand is worth. South African Gold Krugerrand coins were the first bullion coins issued legal tender status, but they do not bear a face value. We often store our bits and pieces away, leaving them to be forgotten, and you could be sitting on a goldmine. This coin was … The bullion Krugerrand coin is a legal tender gold coin that is the only coin worth its weight in gold. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. 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. Its diameter is 32.7 mm, thickness 2.83 mm. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. What exactly is a Krugerrand coin? The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). Also available are collectable and proof gold krugerrands… The Krugerrand is a South African gold coin that was first minted on July 3, 1967, enabling individuals to own gold and to help market South African gold.. Krugerrands have no face value but are considered to be legal tender in South Africa.However, they are not intended to be used as currency. Whether you’re a coin collecting enthusiast or you simply suspect you might have a famous Krugerrand coin in your possession, you’ll be full of questions. have done our research and we have all the answers you are looking for. Emails will come from CMI Gold & Silver, which now owns OnlyGold.com. Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a complaint filed with the BBB—ever! Krugerrands are an alloy of 91.67% gold and 8.33% copper. First things first: what exactly is a Krugerrand coin? with us, we’ll send you a fully insured, prepaid gold pack. Simple! Put simply, a Krugerrand is a South African gold coin. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. 1 Oz Krugerrand R31 161 .00 PRICES BELOW are indication prices only (in South African Rands) and fluctuate according to the GOLD price, R/$ exchange rate, at the time of trade and quantity of coins traded 08H00 (South African Time) 06/01/2021 and only valid until 12H00 . 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. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. The Krugerrand gold coin is 91.67% fine gold (22K) the rest being cupper, it has a diameter of 32.7 mm, and a thickness of 2.83 mm. The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. Here was a coin, with legal tender status, purposefully made to trade just for its gold value and the small cost of manufacture and distribution. First minted in 1967, the Gold Krugerrand Coin was for many years the only gold bullion coin available in the market. It was launched by South Africa in 1967 and by 1980 the Gold Krugerrand accounted for 90% of the global gold coin market. Each piece is struck from 22k gold (91.67%) and contains 1oz of fine gold. 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. It should be noted that while the different types of Krugerrand coin all differ in height and weight, all Krugerrand coins still bear the 91.67% of pure gold. Category: Australian Gold Coins. It soon became the first commemorative Gold bullion coin on the market, building the pathway for private Gold ownership. The first Krugerrands were minted on July 3, 1967 and they were used as a vehicle for the private ownership of gold and to help market South African gold. Sell Antique Jewellery: Top 3 Places to Sell Online, What Coins Are Valuable? With Post My Gold, you can send it all in one go and have your gold appraised by our experts. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. The year the Krugerrand was produced will be displayed on either side of the Springbok. The year the Krugerrand was produced will be displayed on either side of the Springbok. Fortunately, Post My Gold offers a price match guarantee, ensuring you get the best deal. In 1970, this number rose dramatically to over 200,000 coins. Krugerrands … Onlygold did business at the same location for more than sixteen years. With the demise of gold as legal tender coins in the first half of the 20th Century, the only gold struck came to be special presentation pieces and collectors issues, not the old fashion gold-for-money’s–sake gold coins as had been produced for thousands of years prior. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. Bullion coins, such as the kruger, allow investors of all budgets to buy gold. PO Box 4762 The Krugerrand coin gets its name from Paul Kruger, former president of South Africa and one of the most dominant political figures in South African history. Prices are per gold bar with quantity discounts shown. A couple of simple tasks are essential for you to do before parting ways with your Krugerrand: Looking at the current price of gold is a great way to get an idea of how much your gold is worth. Compare 1-oz South African Krugerrand with other gold products, , Precious Metals Automated Product Pricing. Some sellers have experienced a number of dealers stating that they will only. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. The bullion Krugerrand contains 11/12 24 karat gold and 1/12 copper, and comes in four sizes, including 1oz, 1/2oz, 1/4oz and 1/10oz pure gold. Since the first mint in 1967, 50 million ounces of gold Krugerrand coins have been sold, making the Krugerrand gold bullion coin one of the world’s most popularly traded or sought after coins. The Krugerrand is the most widely held and traded gold bullion coin in the world. Between the years of 1967 and 1969, approximately 40,000 Krugerrand coins were minted each year. Gold Krugerrand coins available for sale online. The entire process is quick, easy and entirely risk-free. Copyright – CMI Gold & Silver Inc. All rights reserved. THE PROCESS All Kruger Rands are 22 carat Gold made up of 91.6% Gold & 8.4% Copper. The Krugerrand used to be available in only one size, but since September 1980, three additional sizes were produced, containing varying weights of pure gold. Krugerrand Gold Coins. In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. The South African Krugerrand is prized as one of the world’s oldest and most recognizable gold bullion coins.Its pioneering example as the first gold bullion coin accessible to everyone puts the Krugerrand on the pedestal of history and makes it an essential addition for coin collectors and investors. They were produced by the South African Mint. From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. Gold-for-gold’s-sake was pretty much bullion bars, a form of gold whose ownership was restricted in the United States from 1933 to 1975. 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