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. The Krugerrand is still incredibly popular and regarded as one of the most recognized gold coins in the world. The price is held for you regardless of your method of payment. When purchasing a Certified South African Krugerrand, there is information provided on the coin holder that is important to know. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Limited Edition Gold. 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. 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. Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa. 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 coin is not so visually appealing as a proof and may have scuffs and scratches from the production process. VAT free gold bullion coin. 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. How to buy Krugerrands. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70. Be highly protective about any details or information concerning the coins. You don’t have to contact any one, but you can use the call-back facility if you need to. Often the low levels of the gold price do not work in tandem with an acceptable exchange rate of the Rand. Price differences may occur with different dealerships as transportation, handling, storage costs and margins vary. 2 x South African Krugerrand, containing one Ounce of Fine gold each. 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. The vendor may charge you a handling fee for a cash transaction, so rather pay via EFT. Please contact a Monex Account Representative for additional details. We even offer the option to buy Gold Krugerrand coins and pick them up in our physical location. Mr. Cliff Johnson, the present managing director, established the Cape Gold Coin Exchange in Cape Town on the 7th August 1977. If you buy gold krugerrands as an investment, keep in mind that these coins are 22 carat gold; an extremely high grade in quality. Standard SMS rates apply. The reverse presents the national animal of the South African Republic: the Springbok antelope. In 1980, krugerrand gold coins represented 90 % of the gold bullion coin market. 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. FSP 41040. Golden Mile Plan. 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. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. Buy South African Gold Krugerrands online at APMEX®. More. For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. All Content Copyright © 2004-January 2021 Golden Eagle Coins, LLC. COVID-19 Corona Virus South Africa Resource Portal. 1, You can’t buy these coins from any person that comes along. Dr. William Sheldon was an American psychologist by trade and a numismatist as a hobby. Have they been approved by the South African Association of Numismatic Dealers (SAAND) and the SA Mint? This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. Four versions: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz are all still minted today. 1980 was also the year the South African Mint decided to add other fractional coins: half, quarter, and tenth ounce. Krugerrands. Buying Gold Krugerrands is an easy and simple process. This alone has changed the coin collecting game, while also offering a peace of mind for collectors and investors. Prime Meridian Direct is a member of the Direct Marketing Association of South Africa. We sell Gold Krugerrands and all major bullion bar and coin products and … Collect your krugerrands from the vendor. BIDVAULT PLATFORM - NOW OPEN . 1oz Gold Krugerrand Bullion coins are minted purely for gold investment. Which type you buy depends what your intentions are. With a few simple guidelines you’ll be on your way to owning one of mankind’s longest-living assets. The price is held for you regardless of your method of payment. 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. Since 1980 the coins have also been available in fractional sizes such as half ounce, quarter ounce & one-tenth ounce. Simply lock in the price of the product at any time via our website. Some vendors offer to keep your coins in a safe place, either for free or for some charge. 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. All our gold bars are from certified mints and are a good way for investors to buy gold bullion. 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. Buying Gold Krugerrand Coins online is simple. There are various ways you can invest in gold, and buying Krugerrands is just one of them. Extra audio and video materials are available to help you. 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. It is one of the world's most popular and best-known gold bullion coins. Silver. 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 South African Krugerrand began as just a 1 troy oz gold coin but due to extreme demand, smaller increments were introduced in 1980. There were also special edition proof coins minted. The gold Krugerrand has been minted since 1967. You need to go to the coin shop, sign some documents and prove your identity before you can take possession of your Krugerrands. The coin's purity, weight, and year of issue are also engraved on the reverse. Do a background check on the company you are dealing with. Krugerrand Gold Coins. STEP 5: Select Krugerrands on the Buy menu. 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. Images are product examples only. Buying Gold Krugerrand Coins online is simple. South African Gold Krugerrands. 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. Simply lock in the price of the product at any time via our website. 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. 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. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. 1/2 Oz Krugerrand R15 897.00. More South African Krugerrands have been purchased than all other 1 oz Gold coins available on the market. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. This gold coin is extremely popular amongst investors and around 1980 accounted for nearly 90% of gold investment coin sales. 1. Information contained within this website does not constitute financial advice. Policy distributed by Prime Meridian Direct (Pty) Ltd. Authorised Financial Services Provider. STEP 3: Select the account you want to use for the transaction. Krugerrands are an alloy of 91.67% gold and 8.33% copper. The Krugerrand is 32.77mm in diameter and 2.84mm thick. 1/4 Oz Krugerrand R8 141.00. 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. The gold Krugerrand actually weighs 1.09 troy ounces with the gold content being 1 pure troy ounce. 1/10 Oz Krugerrand R3 363.00. 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. Each and every Krugerrand is minted using approximately 91 2/3 parts gold and 8 1/3 parts copper. Free shipping on $99+ orders. Administered by PrimaryAsset Administrative Services (Pty) Ltd. 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. For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. Buy Krugerrand gold coins. Contact Us. 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%. 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. Buy 1oz Krugerrand Gold Coin Anniversary Duo. 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. Before this groundbreaking system, coins were graded mostly by physical appearance and could receive one of three grades. Both coins will carry the SAME amount of gold. Secure Storage. STEP 2: Select the Shares + Gold tab. Introduced in 1967, the South Africa Gold Krugerrand became the vehicle for private gold ownership. Only sold in brilliant uncirculated or proof condition, the South Africa Gold Krugerrand will add a nice value to any gold collection. In this way, you’ll protect your business’s integrity and the standard of the bought coin. This product contains 1 troy ounce (31.1035 grams) of pure gold. 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. A mere phone call is acceptable to some vendors, followed by an EFT and proof of payment. Buy Gold → It was the first one ounce gold bullion coin ever made. 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. However, during this time, the Krugerrand became unfavourable with some Western countries who forbade any imports with the apartheid government of South Africa. The golden Krugerrand has a purity of 916.7/1000 and a net weight of 31,1 gram. The obverse or front depicts president Paul Kruger while the reverse design depicts the springbok antelope and the coin date. STEP 1: Login to Online Banking. You have now estimated the cost of a Krugerrand in ZAR. In 1948, Sheldon developed the Sheldon Numeric Scale, which became the foundation of grading and certifying coins. His name was linked to the rand, which is the South African currency, and together make the Krugerrand. 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. Seated as the 3rd president of the South African Republic, Kruger served for almost 10 years as Commander in Chief. STEP 4: Click on the Menu tab. Storage available FREE for 8 months subject to a minimum order of £250.00 More info > Out of stock. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. 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. 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. If you can buy and invest with Krugerrands online, you can also buy online affordable car insurance with PMD. 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. STEP 6: Select the denomination you want to purchase. If you're just looking for gold, then this is the cheapest way to buy. VAT Free Insured Delivery. 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