Gold South African Krugerrand – 1 oz.

Posted on :Feb 17, 2015

Fineness = 0.916 ; Size = 32.6mm ; Thickness 2.75mm Available in four weights.

Technical Specifications

 Value  1troy oz. fine gold
 Gross Weight  1.19 troy oz
 Diameter  32.6 mm (1.28 in)
 Thickness  2.84 mm (0.11 in)
 Composition  Gold (91.67% Au, 8.33% Cu)

 

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South African Krugerrand gold bullion coins are famous the world over and one of the most widely purchased gold coins. The coin was first minted in the year 1967 in South Africa and continues to be among the most demanded gold bullion coins across the globe. During the 1980's, the Kruggerand accounted for almost 90% of the global gold coin market. Kruggerand is a combination of two Afrikaans words – ‘Kruger’ (the man depicted on the obverse) and ‘Rand’ (South African currency).

As a premier US gold dealer, Gold Goliath offers the 1 oz. Gold South African Krugerrand which is the standard size South African gold bullion coin. The coin is very popular among collectors today as well as investors.

Although it was first minted in 1967, the obverse design of the Gold Krugerrand coin was developed by Otto Schultz in 1984. The obverse of the coin has a depiction of Paul Kruger, first president of South Africa, with inscription of SUID – AFRIKA on the left arc and SOUTH AFRICA on the right arc. The reverse of the coin was designed in the same year as the obverse by Coert Steynberg. The reverse of the coin has a depiction of a springbok antelope having the mint date in the field and the legend is inscribed with ‘KRUGERRAND’ and the gold weight.

The Gold Krugerrand bullion coin had lost its appeal during the struggle in South Africa due to the negative perception among western investors. The decline in sales was due to discomfort by developed countries over the apartheid government. Later on it regained market recognition to compete with the more popular Canadian Gold Maple Leaf and American Gold Eagle.

Mints in South Africa produce two types of 1 oz. Gold South African Krugerrand - the first is the low premium bullion coin bought and sold by precious metal dealers across the world and the second is a more expensive proof produced for collectors.

Main features of 1 oz. Gold South African Krugerrand:

• The value of the coin varies with the price fluctuations of gold
• The premium over the spot price is among the lowest available in the markets
• Popularity of  quality from South African gold mines
• Popular bullion choices for both investors and collectors

The 1 oz. Gold South African Krugerrand is produced in three tube sizes (10 coins, 15 coins, and 25 coins) by the South African Mints.

 

Call us at 1-800-577-3195 ext. #1 Monday thru Friday 9:00am - 6:00pm CST. for placing your order.

 

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