1 oz South African Krugerrands
If you are seeking a durable and well-known investment gold coin with unparalleled liquidity and which is available at a low premium over the prevailing spot price of gold, then the South African Krugerrand could be the investment you are looking for. Launched by the South African Mint in 1967, the Krugerrand rose to fame as the first coin to contain one ounce of gold.
By taking possession of a Krugerrand gold coin, you gain an implicit guarantee of it being international accepted by bullion dealers, financial institutions and investors alike.
Krugerrand gold coins are liquid. This stems from the fact that they are well recognised and traded globally by coin dealers, investors and banks. There is always a market for Krugerrand gold coins.
Krugerrands track the price of gold. The value of Krugerrand coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
Krugerrands are money. Krugerrand gold coins are legal tender in South African and are accepted and exchanged as such throughout the world.
Krugerrand gold coins are durable. They are minted from a crown gold alloy that is 91.67 % pure (22 karats). The rest of the alloy contains copper, which strengthens the coins’ surface and enhances the durability of the coin making it suitable for handling.
Krugerrand coins are the equivalent of savings. Krugerrands are an ideal choice for any type of long-term saver who appreciates the security and stability of owning legal tender physical gold coins.
Krugerrand gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes Krugerrands serve as a portfolio hedge against market risk.
The Krugerrand gold coin created by the South African gold-mining industry
South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in the early 1970s by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa.
Krugerrand gold coins portray President Kruger
The obverse of the Krugerrand gold coin depicts Stephanus Johannes Paulus Kruger, former president of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under the name Transvaal. Paulus Kruger, who was also a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of the British controlled South Africa.
Kruger came from a simple background; born on a farm in 1825 in South Africa he lacked any formal education, although his proficiency in hunting and horse riding would prove to be of good use during his military service in the Transvaal army. He advanced fairly quickly in the army ranks and by his early 40s was already promoted to Commandant-General of the Transvaal forces. Kruger’s skills went beyond being a soldier, since he was a fine diplomat as well.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|1 oz of gold||32.70 mm||916,7||33.95576 g||31.10347g||1|
The South African Krugerrand gold coin was first issued in 1967 and has since then been in continuous production. The South African Mint is responsible for the coins production. The Krugerrand does not depict any nominal value on either side of the coin. The reasoning for this unusual decision was to express the Krugerrand’s value by linking its fine gold content, which is portrayed on the reverse of the coin, with the prevailing market price of gold.
Obverse: The obverse portrays the former President of the South African Republic, Paul Kruger. His picture is surrounded by the text “Sud – Afrika” and “South Africa”, the name of the country in its two native languages, Afrikaans and English.
Reverse: The reverse features a galloping springbok on grass. Above the springbok is the text “KRUGERRAND”. Under the animal is the inscribed text “FYNGOUD”, which translates as “fine gold”, and the weight of the coin. The centre of the coin contains the year of mintage with the first two figures of the year visible on the left of the springbok, and the last two figures on the right.
Purity: The Krugerrand gold coin is a 22 karat fine gold coin which means it is composed of 22/24 = 91.67% gold and 8.33 % copper. The gold – copper alloy makes the surface of the coin more durable and less prone to scratches and marks. Even though the coin is 22 karat it still contains one troy ounce of gold (31.1 grams). This is because the coin itself weighs 1.0909 troy ounces or 33.93 grams.
Packaging: Each coin is individually packaged in a hard plastic capsule.
When placing an order through our online shop, you can choose to have the products delivered to your local post office or to collect them in person at one of our offices in Stockholm.
Delivery by PostNord: all orders are fully insured and trackable. The package is shipped the same day after we receive your payment and will arrive to your local post office within 1-3 working days.
Self pick-up: you are welcome to come and collect your products at one of our offices in Stockholm the same day we notify you that we have received your payment.