A Gold Krugerrand is a 1 oz gold bullion coin produced by The South African Mint. It is accredited as being the first modern bullion investment gold coin and is still one of the most popular gold bullion coins in the world.
Gold Krugerrands were designed and first minted in 1967 specifically as investment gold coins. They are widely traded on the global gold markets with some 50 million having been created and are therefore competitively priced and highly liquid. South African Krugerrands were mass produced to help retail investors purchase gold bullion with ease and in confidence.
GoldCore have supplied gold bullion coins including Gold Krugerrands to American investors since our inception in 2003.
What Are The Benefits Of Owning A Gold Krugerrands?
Gold Krugerrands are a legal tender coin backed by the South African government
Reverse: Will vary by year. Includes the date, weight, and purity
Sales tax-free in the U.S.
The Rand Refinery and South African Mint are respected international refiners and mints
Gold Krugerrands are available at competitive pricing and premiums
Gold Krugerrands are portable, internationally liquid form of financial insurance
How To Buy Gold Krugerrands?
Buying Gold Krugerrands is an easy and simple process. 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.
We sell Gold Krugerrands and all major bullion bar and coin products and you can pay by bank wire, by credit card or by debit card.
We make a market in Krugerrands and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware.
Insured delivery of Gold Krugerrands, including monster boxes, to homes or offices is also popular and many clients do both – take delivery of some Gold Krugerrands and own the rest in Secure Storage.
Many of our U.S. clients opt to store their Krugerrands in fully insured, offshore Secure Storage jurisdictions. We specialize in offering U.S. clients access to allocated and segregated bullion storage in secure nonbank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London, and Singapore.
What Is The Price Of A Gold Krugerrand
The price of a Gold Krugerrand (1 oz) is shown in the upper right section of this page. The price of a 1 oz gold Krugerrand is calculated using three components:
Gold spot price. This is the price of an ounce of pure gold available for immediate delivery or delivery ‘on the spot’. It is typically determined by the best bid and offer for gold as offered by large bullion banks trading in real time throughout the world and quoted by data providers such as Thomson Reuters and Bloomberg.
Weight and purity of gold. Gold Krugerrands have a purity of 0.9167 (purity), however, the coins total weight is 1.0909 ozs so that there is exactly 1 troy ounce of pure gold in each coin.
The gold price premium is the percentage adjustment that is added or deducted from the gold spot price. The gold premium of gold coins or bars are determined by the costs of production, refining, fabrication, minting and the logistics of making the gold coins available for sale in the U.S. The price of a Gold Krugerrand is also impacted by supply and demand and the amount of gold being bought.
In order to determine the price of a Gold Krugerrand, simply multiply the spot price of gold by the number of gold troy ounce in the Gold Krugerrand (1 ounce) and then add or subtract the current premium for the coin or coins.
The value of a Gold Krugerrand is their competitive price, high popularity, and internationally liquidity. They are considered to be a portable store of value and a vital form of financial insurance. They are one of the best ways for gold buyers and investors to own physical gold. For 50 years, they have acted as a hedge and protected gold owners from domestic and international financial and monetary risks.
How Much Gold Is In A Gold Krugerrand?
Gold Krugerrands are 22 karat gold coin, with a fineness of 0.9167 or 22/ 24 pure gold. It is made of 11 parts gold to 1 part copper, creating an alloy known as a crown coin. The copper is added to provide durability and strength to the coin.
With exactly 1 troy ounce of fine gold, or 31.103 grams, the gross weight of the coin is slightly over a troy ounce at 1.0909 ozs or 33.93 grams.
The coin has a maximum diameter of 32.77mm and a thickness of 2.84mm. There are 180 serrations on the coin’s rim. The reverse of the Krugerrand shows an image of South Africa’s national animal, the Springbok. The front (obverse) of the Krugerrand bears the profile of Paul Kruger.
(Note: Gold Krugerrand are commonly misspelled as Gold Krugerand, Gold Kreugerrand, gold Kugerrand, Gold Kuggerand and Gold Krueger rand)
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