krugerrand gold coin

In modern bullion gold coin investing history, the gold 1-ounce Krugerrand is the most famous of all 1oz gold 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. 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. Although levels have increased again, they have never reached the production levels seen in the 1970s. Cash your gold websites will often base their quote on the daily price of gold, but the offer you receive may be much lower. 1oz Krugerrand $ 2,795.00. How much is a Krugerrand worth today? 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. Request your free gold pack today to find out how much you could receive. Emails will come from CMI Gold & Silver, which now owns OnlyGold.com. If you’re looking to sell Krugerrand coins, you’ll want to know what they are and how much a Krugerrand is worth. Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is 91.67% pure (22 karats). 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. 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. Add to basket. 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. 1 ounce Krugerrand Gold Coins available from Canadian Gold Coin Dealers. 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. 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. Before you even think about selling your Krugerrand coins, it’s important to do your research. Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. Each piece is struck from 22k gold (91.67%) and contains 1oz of fine gold. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. The number of Krugerrands minted varies significantly each year. Fully insured delivery. First minted in 1967, the Gold Krugerrand Coin was for many years the only gold bullion coin available in the market. The unique properties of gold as an element make it indispensable in a wide range of industrial uses and jewelry. 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. We will give you a cash offer within 24 hours. Luckily, we at Post My Gold have done our research and we have all the answers you are looking for. Put simply, a Krugerrand is a South African gold coin. 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. 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. 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. With the weakening of the dollar, the monetary standard of the world was changing, and gold would play a growing part in those changes. The krugerrand is a South African gold bullion coin that was first produced in 1967 and is a legal tender gold coin, meaning that it can be used as currency to pay for goods or services. The year the Krugerrand was produced will be displayed on either side of the Springbok. If you think you are in possession of a Krugerrand coin, you’ll certainly be asking yourself: what is a Krugerrand worth today? Krugerrands … Once we receive your gold, we’ll send you a quote within 24 hours. We will return your gold free of charge! Later, other countries followed suit and produced their own bullion coins, but not before tens of millions of ounces of gold Krugerrands were sold all over the world. Also available are collectable and proof gold krugerrands… If I have one, how do I sell a Krugerrand? Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. 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 . Post My Gold, the UK’s number one, cash for gold site is here to answer all your questions. Gold bullion coins got their start in 1967 when South Africa introduced the Krugerrand. If you choose to sell Krugerrand coins, the amount you will receive will ultimately depend on its size and condition. 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. Don't like the offer? These sanctions ended when South Africa abandoned apartheid in 1991. 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. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. We have especially strong bids for old US gold coins. Signature required upon delivery. Once we receive your gold, we’ll send you a quote within 24 hours. 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. You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the Krugerrand Gold bullion coin only increases as the years go by. The latter part of the word comes from ‘Rand’ – the South African unit of currency. In 1970, this number rose dramatically to over 200,000 coins. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. Other companies may also require you to pay for secure postage and insurance on your coins. Compare 1-oz South African Krugerrand with other gold products, , Precious Metals Automated Product Pricing. Onlygold did business at the same location for more than sixteen years. Mintage in 1967 was 50,000 coins … Not only is it an industrial commodity, it is the world's truest money. 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. 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. South Africa is the largest producer of gold in the world, and the Krugerrand helped the country to market the vast stores of gold coming out of the deep mines around Johannesburg. With the market leaders, since $300 an oz. The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). 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. A lower domination in perfect condition could result in you getting much more. 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 PROCESS All Kruger Rands are 22 carat Gold made up of 91.6% Gold & 8.4% Copper. The South African Government changed that with the introduction of the Krugerrand in 1967. 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.. 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. It was launched by South Africa in 1967 and by 1980 the Gold Krugerrand accounted for 90% of the global gold coin market. 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 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). At Post My Gold, we make selling Krugerrand coins a hassle-free process. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. 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. 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. Where is the best place to sell Krugerrands? A lower domination in perfect condition could result in you getting much more. Chards 50yrs+ experience. South Africa foresaw that gold ownership would become increasingly popular among private individuals as the U.S. dollar was no longer a fixed amount of gold. A wide selection of dates and investment bullion. Additional Information; Additional Information. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. 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. on its reverse. The Krugerrand is the most widely held and traded gold bullion coin in the world. 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? 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. have done our research and we have all the answers you are looking for. The convenience of a legal tender gold bullion coin, exactly one ounce of pure gold, guaranteed by a government Mint for weight and purity, made The gold Krugerrands is the predominant way for individuals to buy gold bullion in the 1970’s. What is a Krugerrand? 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. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. Request your FREE Gold Pack with fully insured pre-paid envelope. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. with us, we’ll send you a fully insured, prepaid gold pack. 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. These prices are based upon the spot gold price of. First things first: what exactly is a Krugerrand coin? They were produced by the, By 1980, the Krugerrand had already made a mark, accounting for an incredible. All checks, shipments, and correspondence should be sent to: CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012, Minimum order is three ounces. Simple! 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. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Your gold, your legacy. It soon became the first commemorative Gold bullion coin on the market, building the pathway for private Gold ownership. We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. The South African Gold Krugerrand was created in 1967 as the official bullion coin of South Africa. , making it problematic to find a seller and get a good deal. Ounces offer the best value for money. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. Gold coins came to mean coins of numismatic or collectors value, coins which traded for prices far in excess of their gold value. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). Category: Australian Gold Coins. Krugerrand Gold Coins. calculator). 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. PostMyGold.com 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. 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. 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. The Definitive Site For Gold1-800-800-4485. Copyright – CMI Gold & Silver Inc. All rights reserved. But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. Random dates from 1967 - 2020. Fortunately, Post My Gold offers a price match guarantee, ensuring you get the best deal. First things first: what exactly is a Krugerrand coin? What exactly is a Krugerrand coin? Minting fell dramatically following the end of apartheid. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. . In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. 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. Krugerrands are an alloy of 91.67% gold and 8.33% copper. , the amount you will receive will ultimately depend on its size and condition. 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. This coin was … You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the, At Post My Gold, we make selling Krugerrand coins a hassle-free process. 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. 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