1. Gold Krugerrand Ebay
2. 1 Oz Gold Krugerrand
3. Gold Krugerrand Value Today

Krugerrands.gold assists buyers in acquiring Krugerrands at the best possible rates with added benefits like free storage or delivery. Our national network gives us the ability to offer you some of the most competitive rates on Krugerrands currently in the market. Since the first mint in 1967, 50 million ounces of gold Krugerrand coins have been sold, making the Krugerrand gold bullion coin one of the world’s most popularly traded or sought after coins. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. The 1oz krugerrand sold for R27 when launched in 1967, dont miss out. Contact us today to own your own gold coins.

1. Prices of Gold Krugerrands in U.S. Dollars were over $1,900 in September 2011 and traded under $1,100 at the end of 2015. In recent years, Gold Krugerrands have been worth $1,275 on average. The current ask purchase prices for one gold Krugerrand.
2. The 1oz krugerrand sold for R27 when launched in 1967, dont miss out. Contact us today to own your own gold coins.

The Krugerrand (/ˈkruːɡərænd/;^[1]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.^[2][3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a springbok, South Africa's national animal.

By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.^[4][5]

Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989.^[6]

In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold coin.^[7]

History[edit]

The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a copper-gold alloy more durable than pure gold. By 1980 the Krugerrand accounted for 90% of the global gold coin market.^[8] That year, South Africa introduced three smaller coins with a half troy ounce, quarter ounce, and tenth ounce of gold.^[9]

Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. The United States which had historically been the largest market for the coin, banned imports in 1985; the previous year, over US$600 million of Krugerrands had been marketed in that country.^[4] Most sanctions ended in 1991, after the South African government took steps toward ending its apartheid policy.^{[10][11][12][13]}

Production levels of Krugerrands have significantly varied since its introduction. From 1967 to 1969, around 40,000 coins were minted each year. In 1970, the number rose to over 200,000 coins. More than one million coins were produced in 1974, and in 1978 a total of six million were produced. The production dropped to 23,277 coins in 1998 and then increased again, although not reaching previous levels.

Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967.^[14]

Variations and imitations[edit]

During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide.^[15] Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. This huge success of the Krugerrand encouraged other gold-producing countries to mint and issue gold bullion coins of their own, including the Canadian Gold Maple Leaf in 1979,^[16] the Australian Nugget in 1987,^[16][17] the Chinese Gold Panda in 1982,^[18][19] the American Gold Eagle in 1986,^[16][18] and the British Britannia coin in 1987.^[16]

Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the design of the Krugerrands themselves, though the inscriptions are altered. These bullion rounds are not offered by the South African Mint or the Government of South Africa, and are therefore not official, have no legal tender value, and cannot technically be considered coins.

Properties[edit]

The Krugerrand is 32.77 millimetres (1.290 in) in diameter and 2.84 millimetres (0.112 in) thick. The Krugerrand's actual weight is 1¹⁄₁₁ troy ounces (34 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin's weight of ¹⁄₁₁ ozt (2.828 g) is copper (an alloy known historically as crown gold which has long been used for British gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Copper alloy coins are harder and more durable, so they can resist scratches and dents.

The coin is so named because the obverse, designed by Otto Schultz,^[20] bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a springbok, the national animal of South Africa. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin. The name 'South Africa' and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin).

Since September 1980, Krugerrands have also become available in three additional sizes containing ¹⁄₂ ozt (15.55 g), ¹⁄₄ ozt (7.78 g) and ¹⁄₁₀ ozt (3.11 g) of gold.^{[citation needed]} On the occasion of the 50th anniversary of the coin range, fractional sizes of 1/20 and 1/50 oz were also added.

The word 'Krugerrand' is a registered trademark owned by Rand Refinery Limited, of Germiston.^{[citation needed][21]}

Proof Krugerrands[edit]

The South African Mint Company produces limited edition proof Krugerrands intended to be collectors' items rather than bullion investments. These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. Proof coins have 220 edge serrations, while bullion coins have 160.^[22][23]

50th Anniversary Krugerrands[edit]

2017 marked the 50th year of issuance (1967–2017) and to commemorate the anniversary, the South African Mint produced 'Premium Uncirculated' versions in gold (.916 or 22 carat) and for the first time also in platinum (.999 fine) and silver (.999 fine). The issue limit for these commemorative platinum, gold and silver coins was 2,017 for platinum, 5,000 for gold and 1,000,000 for silver. The commemorative issues are distinguished by a '50' privy seal mark above the springbok design on the reverse for the platinum and silver issues and to the right of the springbok design on the gold issues. In addition to the 'Premium Uncirculated' issue, 15,000 silver 'Proof' krugerrands were also issued as well as 'Proof' krugerrands in gold and platinum.^[14]

Export Control[edit]

The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service.^[24]

Charitable donations[edit]

In the 21st century, Krugerrands have received media attention in the United States after anonymous donors have left the valuable coin in the Salvation Army's annual 'Christmas Kettle' donation jars in various cities around the country.^{[25][26][27][28]}

References[edit]

1. ^'Krugerrand - definition'. Dictionary.com, LLC. Retrieved 11 August 2012.
2. ^'Products'. Rand Refinery. Retrieved 19 April 2019. produced by Rand Refinery and the SA Mint
3. ^'Bullion'. The South African Mint Company. Retrieved 19 April 2019. The South African Mint Company manufactures Proof Krugerrands, and jointly manufactures the Bullion Krugerrand with Rand Refinery.
4. ^ ^abBob Secter (02 Oct 1985) Reagan Bans Imports of S. Africa Krugerrand, The Los Angeles Times, accessed 28 June 2018
5. ^Staff, Robin Foster of The Sentinel. 'KRUGERRAND LUSTER DIM FOR LOCAL COLLECTORS'. OrlandoSentinel.com. Retrieved 1 May 2020.
6. ^17 (2) (a) '[...] the value of each gold coin so tendered shall be equal to the net amount at which the bank is prepared to purchase that gold coin on the day of such tender thereof [...]' [1], South African Reserve Bank Act, 1989
7. ^'The Silver Krugerrand has arrived'(PDF). Alchemist Issue 90. London Bullion Market Association. Retrieved 24 August 2019.
8. ^Tom Bethell (4 February 1980). 'Crazy as a Gold Bug'. New York. 13 (5). New York Media. p. 34.
9. ^'2010 Krugerrand Series'. www.samint.co.za. South Africa: The South African Mint Company. 2010. Retrieved 30 July 2011.
10. ^Yearbook of the United Nations (Volume 45 ed.). United Nations. 1991. p. 114. OCLC1768016.
11. ^Yearbook of the United Nations, Volume 45, p. 114, at Google Books
12. ^'Most South African Sanctions Lifted: ML&B White Paper - Morgan Lewis'(PDF). www.morganlewis.com. Philadelphia, PA: Morgan, Lewis & Bockius LLP. 1991. p. Page 2. Archived from the original(PDF) on 29 September 2011. Retrieved 30 July 2011.
13. ^Friedman, Thomas L. (11 July 1991). 'Bush Lifts a Ban on Economic Ties to South Africa'. The New York Times. ISSN0362-4331. Retrieved 1 May 2020.
14. ^ ^ab'Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand'. SilverSeek.com. Retrieved 12 November 2016.
15. ^'Gold Krugerrands: Buying gold coins - 17 August 2007'. Bullion Vault. Retrieved 11 August 2012.
16. ^ ^abcd'Swiss Gold Bug Cleans Out S Africa Krugerrand Coin Maker: COMMODITIES'. Evening Standard. 28 August 2008. p. 33 – via ProQuest.
17. ^Rochette, Ed (31 January 1988). 'Australian Coins Offer `nuggets' to Gold Buyers: FIVE STAR SPORTS FINAL Edition]'. Chicago Sun-Times. p. 34 – via ProQuest.
18. ^ ^abLeckey, Andrew (12 September 1986). 'U.S. GOING GOLD WITH EAGLE COIN: [SPORTS FINAL, C EDITION]'. Chicago Tribune. p. 1 – via ProQuest.
19. ^Boye, Roger (13 August 1989). 'Dealer Asks for U.S. Ban on Panda Coins: [FINAL EDITION, C]'. Chicago Tribune. p. 11 – via ProQuest.
20. ^American Numismatic Association (1997). The Numismatist. 110. American Numismatic Association. p. 765. Retrieved 30 November 2011.
21. ^Gleason, Stefan (16 April 2015). 'Why the Krugerrand Is the King of Gold Bullion Coins'. Money Metals. Retrieved 20 April 2018.
22. ^Gleason, Stefan. 'Why the Krugerrand Is the King of Gold Bullion Coins'. Money Metals Exchange. Retrieved 27 July 2015.
23. ^'2008 Krugerrand Series'. South African Mint Company. Archived from the original on 10 March 2009. Retrieved 6 June 2009.
24. ^Financial surveillance and exchange controls FAQ
25. ^'Salvation Army of Tallahassee receives rare South African Krugerrand coin'. WTXL. 26 December 2019. Retrieved 26 December 2019.
26. ^Glenn, Stacia (22 December 2011). 'Krugerrand dropped into Salvation Army kettle'. The Seattle Times. Archived from the original on 20 December 2014. Retrieved 8 August 2019.
27. ^'For fifth year in a row, mystery person drops a gold coin in Salvation Army kettle'. AP. 13 December 2013. Retrieved 14 December 2013.
28. ^'Gold Krugerrand appears in a Salvation Army red kettle'. WDAY. 20 December 2012. Retrieved 26 June 2013.

External links[edit]

Gold Krugerrand Ebay

One of the most common questions we get is 'How much is a Krugerrand worth?' The value of a Krugerrand is based upon its gold content plus a premium. Different sizes of Krugerrand fetch different premiums, and price is also affected by such factors such as condition (uncirculated versus circulated) and special preparation, such as proof coins. From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. Bullion coins, such as the kruger, allow investors of all budgets to buy gold. When the fractal krugerrands (1/2 oz, 1/4 oz, 1/10 oz) were introduced in 1980, they continued with marking the weight on the coin rather than the value. So the majority of a Krugerrand's value comes from the gold bullion content. To determine how much that is, you can check the current gold spot price. You can see the spot price for gold on our gold Krugerrand price page, or simply Google 'Gold Spot Price'.

Now that you know how much the gold content in your Krugerrand is worth, it's time to determine the premium, and then to decide if you believe the investment is worthwhile. All Krugerrands are sold with an a premium tacked on, which is for shipping, handling and mintage fees. You can read that as pretty much as 'seller profit'. There's nothing wrong with making a profit, just make sure to be an informed buyer so you know exactly what you are paying for. For example, the premium is higher on the fractal Krugerrands- with the 1/10 oz Krugerrand charging the highest premium proportionately. What that means is that you want to buy the largest Kruger you can afford to minimize the portion of your investment spent on items other than the actual gold content. So if you could afford an ounce of gold, you would look to buy a 1 oz Krugerrand as opposed to two half ounce Krugerrands. The easiest way to figure out what the premium is on a regular circulated Krugerrand would be to check out our current Krugerrand Price page. Here you can see what Krugerrands are selling for on eBay today, and also you can see the price of five or so dealers to make a comparison. When you check the dealer prices, be sure to read the fine print carefully, many of them list a bulk price- or a price you have to multiply by a set percentage to get your final total. Also regardless of whether you buy from a dealer or online, be sure to account for shipping, handling and insurance fees.

If you prefer to do the research yourself manually, you can see what the completed prices are for Krugerrand listings by going to eBay. Once there, you'll need to log in with your account. For some odd reason, eBay does not allow you to view completed listings unless you have an account. If you don't have an account, go ahead and create one, it's free. Enter the size of Krugerrand you are looking for into the search box- for example '1/4 oz Krugerrand' and click search. On the left hand column, about midway down you'll see a 'Preferences' box. Inside that box is another labeled 'show only'. You want to click the box next to 'Completed Listings'. Once you click the box, the page will reload and you can see the completed listings- they show the price in green and also have a little green box that says 'sold'. Subtract the spot price from this number and you know the premium. As for checking dealer prices, let your fingers do the walking and call a few.

1 Oz Gold Krugerrand

So now you know how much a krugerrand is worth if it's been circulated- what about uncirculated or a proof Krugerrand? These special Krugerrands are minted to have an additional numismatic value- or a value for collectors on top of the gold value. Both uncirculated and proof krugers have a limited mintage, or number of coins produced. The proofs also have quite a bit of special handling. The Rand Refinery specially polishes the blanks. Then the press operator at the mint hand loads the blanks, which are then double stamped to produce the highest quality impression on the coin. They also have special features to set them apart- for example a frosted finish, as well as more reeds on the edge of the coin. Proofs sets will also usually come with a numbered certificate of authenticity. All of these factors add up to scarcity, and scarcity leads to a higher price. If you're looking to buy a Kruger for collecting, your best bet is to spend some time with a dealer specializing in krugers, and understand not only the current value, but how well it has historically held that value, so that you can get your full investment back if you decide to sell. This is less of a concern with a circulated kruger, since they are a fairly standardized commodity. If you would like to see what the current auctions look like we've included some links for you to look at below. The next time someone asks 'How much is a Krugerrand Worth?' you'll know the answer!

Gold Krugerrand Value Today