Krugerrand Gold Coin: Facts You Should Know

Krugerrand Gold Coin: Facts You Should Know

Krugerrand Gold Coin: Facts You Should Know, The Krugerrand gold coin came into being way back in 1967. The coin is named after Paul Kruger, an outgone president of the Republic of South Africa. Paul Kruger was an important figure in the history of South Africa. On the obverse side of the Krugerrand gold coin, you can see the face of this man. The constitution of the Republic of South Africa considers the Krugerrand as a legal tender. This is one of the reasons that attracted American gold buyers to purchase this gold coin, especially 1934 and 1974; a time when private gold ownership was prohibited in the country. However, this popularity didn’t last losng. Between 1986 and 1999, the importation of South African products was banned in Europe, including the Krugerrand gold coin. This greatly affected the value of the coin against other popular gold coins at that time.

Special features of the Krugerrand gold coin

The Krugerrand gold coin was the first gold coin to be minted in a weight of exactly one ounce of gold. At first, the value of the coin was above the base value of physical gold by 8%. However, with the emergence of different other gold coins, this percentage value decreased, and came to close to 3%. Currently, this gold coin is one of the most valued in the international gold market. It is one of the most minted gold coins with a value that is far and above that of the Philharmonic gold coin. The Krugerrand gold coin is estimated to be half of the world’s one ounce investment gold coins. On the obverse of the coin lies the picture of Paul Krugger, while the African antelope lies on the reverse.

1 ounce Krugerrand gold coin for investment

The gold coin is made of alloy gold and copper, which makes it reddish. It can be sharply contrasted with gold and silver alloy coins, basing on this color feature. The composition of the Krugerrand gold coin gives it a greater resistance and consistency to scratches and dents. This makes it a coin that an investor can handle without fearing that it might wear off. Without doubt, the Krugerrand gold coin is one of the most famous in the history of gold coins. From the time they started minting it, it has sold over 55 million pieces worldwide.

You too can buy this gold coin online

As a company, we do not sell the Krugerrand gold coin. However, if you would like to buy gold bars, gold nuggets, and gold dust; then the place to buy from is the Democratic Republic of Congo, Uganda, Kenya, and Tanzania. Partner with us today for a chance to buy high quality 24 karat gold at below the current gold price. Contact us now for details.