As we continue to monitor the rapidly evolving situation, we plan to reopen our storefronts on May 4th, 2020. The South African Gold Krugerrand may have debuted as a 1 Troy oz coin, but it did not remain as a singular option for long. For that reason some speculators will hold them as a gold investment. Buy Gold Coins & Bars Online at the Most Trusted Bullion Dealer. SD Bullion's most popular gold coins, bars, and bullion include Gold American Eagles, Buffaloes, Maples, US Gold, Krugerrands, Pandas, and a wide selection of gold bars. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. South African Gold Krugerrand – South Africa’s primary offering for the gold bullion market is the Krugerrand. At this point in its history, South African was ruled by a minority white government and the system of apartheid in place in the country kept the native black population from gaining control of lands, moving up in society, and adequately representing itself in government. Enter your email address and we will send you a link to reset your password. As Low As. Were you to count these serrations, you’d find a total of 160 serrations on the gold bullion coin compared to 220 serrations on the proof coins. In 1980, the Gold Krugerrand was so popular that it accounted for 90% of the global gold coin market. 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 … If you’ve placed an order through one of our stores, please know we will be fulfilling all backorders as swiftly as possible, as well as working to replenish our inventory during this time. The price is held for you regardless of your method of payment. First issued in 1967, the Krugerrand became the most traded one ounce gold investment in the 1980s. You can call us at 800-276-6508, chat with us live online, or simply send us an email. Since its release in 1967, its classic design depicting two key South African figures (Paul Kruger and the Springbok antelope) has been unchanged. Simply lock in the price of the product at any time via our website. Quantity. Today, Krugerrands are available only in the secondary market and sell at prices below Gold Eagle prices. Gold Krugerrands are produced by the Rand Refinery in South Africa. • South African Gold Krugerrand: The Gold Krugerrand is prized around the world, with a highly sought-after design inspired by history. Some gold coins may have a value that is far higher than their gold content alone because they are from a year when not many coins … In 1998, for example, just 23,277 coins were struck. South African 1 oz Gold Krugerrand Coin BU (Random Year) $1,986.99. They carry an impressive range of silver, gold, and platinum bullion products, including a large number of cheap silver bars, fractional gold bars, silver rounds, and 90% junk silver. In 1980 the fractional Krugerrand's (1/2 ounce 1/4 ounce and 1/10 ounce) were added to the 1-ounce Krugerrand in order to assist the smaller buyer to obtain gold at an affordable price.The Krugerrand is unique in that it is legal tender. Buying Gold Krugerrand Coins online is simple. Please don’t hesitate to reach out to JM Bullion if you have questions about buying gold in the South African Krugerrand collection. Reverse: This side of the coins includes the image of a Springbok antelope, the official symbol of the modern Republic of South Africa. It works in concert with the Rand Refinery to produce Gold Krugerrands. 1 Oz Krugerrand R31 161 .00 PRICES BELOW are indication prices only (in South African Rands) and fluctuate according to the GOLD price, R/$ exchange rate, at the time of trade and quantity of coins traded 08H00 (South African Time) 06/01/2021 and only valid until 12H00 . In 1980 smaller sizes were added (1/2 oz, 1/4 oz and 1/10 oz) and all 4 sizes have the popular reeded edge for added security. The 1970 issue saw 200,000 coins released, rising to 6 million coins for the 1978 issue. Get the best deals on South African Krugerrand 1980 Gold Bullion Coins when you shop the largest online selection at eBay.com. You even might be able to get bullion prices for them. Obverse: The left-profile portrait of Paul Kruger features on the obverse surrounded by the Afrikaans term “Suid-Afrika” and the English translation of “South Africa.” Kruger was a popular Boer military and political figure in the late 19. Simply stated, it is the cheapest available gold bullion product on the South African market. Although the Gold Krugerrand proved immensely popular right out of the gate, its availability would suffer in the 1970s as a result of Western economic sanctions. Coert Steynberg modernized this design in 1984. The current ask purchase prices for one gold Krugerrand is: $1993.1. Proof 1oz Gold Krugerrand coins have a mirror-like finish, they are specially made for collectors. At one point, these coins made up the vast majority of the global gold bullion trade – and they remain quite popular to this day. The physical size and total weight is irrelevant to its AGW/ASW (how much pure gold or silver) it contains. From 1967 to 1969, the annual cap was set at 40,000 coins. While gold investment-grade coins are now, seemingly, a dime-a-dozen for buyers, there was a time when the Gold Krugerrand was the only choice when buying gold coins for private investment. This popular Gold bullion coin comes in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes, in addition to Gold Krugerrand sets. As a result of this system, and in an effort to break South Africa’s apartheid system through economic measures, Western governments adopted a stiff boycott on South African goods. ... And gold prices tend to move in the opposite direction of the US dollar. 2008 Financial Crisis gold coin shortage). The South African Gold Krugerrand. Krugerrand prices and the price of all gold coins will move in line with the current gold prices, since the bulk of their value comes solely from the gold content of each coin.. It was established in 1920 to refine South African gold and owns the trademark on the word “Krugerrand.”. Production in the years post-apartheid has been much lower than the highs of the 1970s. A newer Seattle-area coin and bullion dealer, Emerald City Gold has quickly earned the reputation of being one of Seattle's best gold dealers. Buy Gold at the Most Trusted Online Bullion Dealer in the US! Inslee’s statewide stay-at-home measures, we will be closed to the public for two weeks starting Thursday, March 26. © Copyright 2021 JM Bullion. gold bars when investing sizable sums. Get your .9167 pure 22k Krugerrand Gold Coins as the lowest gold prices with SD Bullion. This has been an unusually active time for the metals market, and we are working hard behind the scenes to meet increasing demand. However, large investors should consider buying kilo (1,000 gram/32.15 oz.) The Krugerrands are minted in 22 carat but contain one troy ounce of pure gold. The only change that has come in over five decades of production is a modernization of the images used on either side. The Krugerrand (/ ˈ k r uː ɡ ə r æ n d /; Afrikaans: [ˈkrœjərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. If you're just looking for gold, then this is the cheapest way to buy. Gold Price Group 10440 N. Central Expressway Suite 800 Dallas, TX 75231 All Rights Reserved. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and … For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. 1 - 9. The South African Mint is located in Centurion, Gauteng province near the city of Pretoria. This has been a difficult decision, as it’s been our goal to remain open as long as we could safely serve our community during this crisis, but this action is needed in order to minimize contact, help stop the spread of COVID-19, and keep our customers and staff safe. Gold krugerrand prices. Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 carat) gold. ... 30 year gold price history graph of gold prices last 10 years may 2020 gold prices … With billions of dollars in transaction volume, an attractive two-way, buy/sell market and consistently competitive prices, Monex remains a preferred source for gold coin investments. * Prices subject to change, contact any of our stores for the most up to date price. 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 South African Krugerrand was the first gold coin to contain one troy ounce of gold. The South African Gold Krugerrand coin has long used the same design elements on both its obverse and reverse faces. Both sides of the coins have serrations around the very edge of the design field. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. Most of all, we want to extend our sincerest apologies to our customers and thank you for your continued support during this time. The coins debuted as a 1 Troy oz specimen with 22-karat gold content. Krugerrand gold coins 1 oz spot price cur prices investing in gold krugerrand coins krugerrand krugerrands value gold what is a krugerrand coin how to get the best price for krugerrands still a safe haven bet even as world wakes up to 1 oz gold krugerrand coins kitco. No gold bullion coin in the world has a richer history than the South African Gold Krugerrand. You can tell by looking at the clarity of the images and quality of the coin. Below we reveal the cheapest ways to buy gold and silver, and how you can find the least expensive places to buy gold coins, gold bars, and silver – including various online retailers. No gold bullion coin in the world has a richer history than the South African Gold Krugerrand. So, when the US … Learn all about the rich history of the South African Gold Krugerrand with JM Bullion. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Krugerrand 1 oz: 1,948.35 -0.12: USD per 1 Ounce 1/7/21 03:07 PM Krugerrand 1/10 oz: 167.60 0.66: CHF per 1/10 Ounce 1/7/21 11:00 AM Buy gold f with cheap prices, low premiums and fast delivery We can’t wait to serve you again soon. The success of this gold bullion coin encouraged major mints all over the world to issue their own 1oz gold coins. $1,996.99. The coins debuted in 1967 as a means for the South African government to promote the vast gold, precious metal, and gem reserves of the nation. Discreet fully insured delivery. At this time, the country in which it was minted was practicing the much-criticized system of racial segregation and discrimination known as apartheid, which has influenced the Krugerrand's own history. From 1967 to 1979, the Gold Krugerrand was the only option. In 1967 the South African Gold Krugerrand 1 oz was an overnight success because it moved directly with the price of gold and its 1 oz size made for easy valuation. Over many decades this gold coin has become one of the most popular bullion coins chosen by investors. As mentioned earlier, the major design difference between the two comes in the form of the number of serrations noticeable on the coin’s obverse and reverse sides. Monex proudly offers the South African Gold Krugerrand in units of ten coins. Between 1979 and 1989 though, the Canadian Gold Maple Leaf, Chinese Gold Panda, American Gold Eagle, British Gold Britannia, and Austrian Gold Philharmonic coins all came to market as other options for gold buyers. 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