South African Krugerrand
The Krugerrand - A brief History
The South African Krugerrand is a
popular gold coin and one you should consider as a gold
investment. Produced by the South African Mint beginning in
1967, this coin is the "original" one Troy ounce gold
When private ownership of gold became legal again for U. S.
citizens in 1975, the Krugerrand was a best seller. This continued
until Canada introduced the pure gold Maple Leaf
in 1979 which then became the best selling gold bullion
A setback occurred for this gold bullion coin when, in 1984, the
U.S. Congress banned their importation as part of an
anti-South African boycott. When South Africa lifted apartheid in
1994, the Krugerrand regained respectability but by then another
competitor was firmly established. The American Gold Eagle, first
minted in 1986, became the most popular gold bullion coin in the
U. S. and internationally.
Despite these setbacks, South African Krugerrands are as
internationally recognized and accepted today as the Gold American
Eagle and the Canadian Gold Maple Leaf. There are a reported 54,000,000+
floating around the world.
The Krugerrand - Facts and Details
Krugerrand gets its name from Paul Kruger, the last president of
the Republic of South Africa, and the "rand", the monetary unit
of South Africa (you may see this coin spelled Kruggerand
but that is incorrect). The obverse side of the coin has the
image of Paul Kruger. The reverse image is that of a springbok
antelope, one of South Africa's national symbols.
Krugerrands come in one ounce, half-ounce, quarter-ounce and
tenth-ounce sizes. They are alloyed with copper making them more
durable and scratch-resistant than pure gold coins. Here are
more details on their gold content, purity/fineness, Gross Troy
weight, Net Troy (gold) weight and grams.
One ounce 1.0000
oz.gold, 9167 purity,1.0917 Gross Wt.,1.0000 Net Wt. 31.1034 grams
Half-ounce .5000 oz.gold, .9167 purity, .5454
Gross Wt., .5000 Net Wt., 15.5517 grams
Quarter-ounce .2500 oz.gold, .9167 purity, .2727 Gross Wt., .2500
Net Wt., 7.7758 grams
Tenth-ounce .1000 oz.gold, .9167 purity, .1090 Gross
Wt., .1000 Net Wt., 3.1103 grams
Until recently, Krugerrands were
about the lowest-cost way of buying/owning gold bullion coins.
With gold again enjoying a healthy demand, the premiums over spot
gold are near those of the Maple Leaf and American Eagle. You
still may find fractional Krugerrands (less than one ounce) at
slightly lower premiums than other popular fractional gold coins.
More Information On Krugerrands
For your convenience, I have
included a sampling of Krugerrands available on Amazon. You
might be able to pick up some of these widely accepted coins at
a fair price. Be aware I receive a small compensation if you buy
coins through this site which does not result in you paying
more. Click on "Go" to see a larger selection.
Disclaimer: I have
made every reasonable effort to produce an informative and helpful
article on South African Krugerrands based on my research and
experiences. However, I make no representation or warranties of
any kind with regard to its completeness, accuracy or suitability
for any specific situation or purpose. See Terms and Conditions
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Investing Simplified - South African Krugerrands