In 1967, the South African Krugerrand was first minted and became the first gold coin to contain precisely one ounce of fine gold. The coin was created with the intent of providing a vehicle for the private ownership of gold. By bestowing legal tender status upon the coin, the gold Krugerrand could be owned by citizens of the United States, who at that time were prohibited private ownership of bullion, but allowed ownership of foreign coins.
Since inception, the Krugerrand has become the most widely-owned bullion coin in the world with over 46 million ounces in circulation. The success of the Krugerrand led to other gold producing nations minting their own bullion coins, including the Canadian Maple Leaf in 1979 and the American Eagle in 1986.
The Krugerrand gets its name from Paul Kruger, featured on the obverse, President of the old South African Republic. The reverse depicts a Springbok, one of the national symbols of South Africa. The name "South Africa" and the gold content are shown in both Afrikaans and English.
The South African Krugerrand is a 22-karat coin weighing a total 1.0909 ounces. It is comprised of one troy ounce of pure gold and 2.826 grams of a copper alloy which is used to give the coins higher durability and to make them more resistant to scratching, and gives the coins a unique orange-gold hue.
The gold Krugerrand has a fineness of 0.9167, or 22/24 karats. It is the world's most popular gold coin. Buying the Krugerrand is the least expensive way to purchase an ounce of gold. This gold coin is known and accepted around the world, and is always available on the secondary market. Call, e-mail, or fax us for current prices on all popular sizes.
Coin Diameter Thickness Purity
1.00-Oz 32.6 mm 2.75 mm .9167
0.50-Oz 27.0 mm 2.24 mm .9167
0.25-Oz 22.0 mm 1.83 mm .9167
0.10-Oz 18.5 mm 1.19 mm .9167
Coin given in gold content (actual weight higher).
Minimum Purchase Order:
The minimum domestic order is $1,000 and the minimum international order is 15 ounces of gold, plus shipping charges.
All domestic orders of 10 or more ounces of gold will receive FREE Shipping & Handling (via U.S. insured mail or common carrier). If your domestic order is less than 10 ounces of gold, your price will include a slightly higher premium and shipping charges will apply. Any questions, just contact us.
Bullion by the Tube: South African Krugerrand Gold Bullion Coins are packaged in plastic coin tubes of 20. We sell in units of 20 coins, in other words, units of tubes.
The price of a South African Krugerrand Gold Coin is based on the current market "spot gold ask price," as noted in the graph above, plus a small premium per coin. The spot price of gold (and all precious metals) is reported every business day in all major newspapers, network television, radio and online. Premiums on Krugerrand Gold Coins can vary from day to day, so please call for a current quote.
South African Krugerrand Gold Coin (1-oz)
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