South African KrugerrandThe Krugerrand - A brief HistoryThe 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 bullion coin.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 eventually became the best selling gold bullion coin. A setback occurred for the South African Krugerrand 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, "took over" as the most popular gold bullion coin in the U. S. 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
South African KrugerrandsOne ounce 1.0000 oz.gold, 9167 purity,1.0917 Gross Wt.,1.0000 Net Wt. 31.1034 gramsHalf-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 now enjoying new highs and 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. But be a smart shopper - don't buy from the first dealer you find that sells Krugerrands. Prices can vary widely and you will want to compare prices from several dealers to get the maximum amount of gold for your money. More Information On KrugerrandsYou can get valuable investing information on South African Krugerrands from current eBay auctions. A review of these auctions will tell you current bid prices for various denominations of this coin. Especially valuable are the Krugerrand auctions that are closest to expiring - both those with bids and those with no bids. You will get a good idea of what are fair prices for Krugerrands in today's market - and which are not. Please note I make a small commission if you buy from an auction below.
If you only want to invest in one or
a few coins at a time, eBay auctions might be just the ticket for you (many dealers are not interested in small
sales). It's free to set up an account - just click on any auction below, look for "register" in the upper
left-hand corner (by the eBay logo) and click it to get started.
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 for more info.
Visit the Gold Investing Home Page for current gold prices. |
