KRUGERRANDS. The vendor will give you a certificate of authentication, which you will need to keep in a safe place. Secure Storage. More. With a few simple guidelines you’ll be on your way to owning one of mankind’s longest-living assets. More South African Krugerrands have been purchased than all other 1 oz Gold coins available on the market. This product contains 1 troy ounce (31.1035 grams) of pure gold. It's fast and easy, but there are some pitfalls to avoid. 2 x South African Krugerrand, containing one Ounce of Fine gold each. Dr. William Sheldon was an American psychologist by trade and a numismatist as a hobby. This gold coin is extremely popular amongst investors and around 1980 accounted for nearly 90% of gold investment coin sales. Price differences may occur with different dealerships as transportation, handling, storage costs and margins vary. Which type you buy depends what your intentions are. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. 1, You can’t buy these coins from any person that comes along. Only sold in brilliant uncirculated or proof condition, the South Africa Gold Krugerrand will add a nice value to any gold collection. The coin was created as a means for the private ownership of South African gold bullion coins by the general public and was first minted at the South African Mint on July 3, 1967. You can buy the Krugerrand in various fractions of an ounce, such as a tenth, a quarter, a half and a full ounce. VAT free gold bullion coin. The Krugerrand was the first gold coin to contain precisely one ounce of fine gold, and was intended to provide a vehicle for the private ownership of gold. Economic sanctions, due to the apartheid, made the importing of the South Africa Gold Krugerrand illegal but this ended in 1991, when South Africa abandoned the apartheid. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. Before this groundbreaking system, coins were graded mostly by physical appearance and could receive one of three grades. All our gold bars are from certified mints and are a good way for investors to buy gold bullion. The best time to buy a Krugerrand would be when the gold price is low, or when the Rand is strong against the US Dollar. STEP 5: Select Krugerrands on the Buy menu. Each and every Krugerrand is minted using approximately 91 2/3 parts gold and 8 1/3 parts copper. We even offer the option to buy Gold Krugerrand coins and pick them up in our physical location. The Krugerrand was minted in a copper-gold alloy, making it more durable than pure gold and was the first choice for people buying gold in 1980, making up more than 90% of the global coin market. Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa. Limited Edition Gold. Buying Gold Krugerrand Coins online is simple. Krugerrands are the world’s most popular gold bullion coins, with more Krugerrands having been minted and sold than any other modern gold bullion coin. Introduced as a vehicle to privately own gold, the South African Gold Krugerrand was introduced in 1967. 1980 was also the year the South African Mint decided to add other fractional coins: half, quarter, and tenth ounce. This article will cover the basic do’s and don’ts of buying gold coins, including the advantages of owning them, the best gold coins to buy, the best places to buy (including if you should buy online or on eBay), and how to avoid getting ripped off. Go through the easy and quick process using PMD’s Online Insurance Purchase Platform, at a time and place you prefer. The coin is not so visually appealing as a proof and may have scuffs and scratches from the production process. Let’s find out about Krugerrands and how you can purchase and invest them. Will car insurance cover be a necessity in South Africa in 2021. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Administered by PrimaryAsset Administrative Services (Pty) Ltd. Although most of our business is trading in South African Gold Coins, namely the famous Krugerrand, we also trade all world gold and precious metal coins. The South Africa Krugerrand has had a stagnant minting history and collectors are quick to find that the most common dates are from the late 1970's to 1980's. The 1 oz Krugerrand is arguably the most iconic gold coin of its era and certainly one of the most pioneering. 1. If you can buy and invest with Krugerrands online, you can also buy online affordable car insurance with PMD. The gold Krugerrand has been minted since 1967. There are many coin grading agencies out there but only two that are revered worldwide. Thieves have been known to break into safety deposit boxes. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70. The golden Krugerrand has a purity of 916.7/1000 and a net weight of 31,1 gram. This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. Referred to by many as the “Spot” price of one ounce of gold, add to it the vendor’s commission, which usually ranges from 6 to 12%. Both these organisations have established the standards required for high-quality coin production. Cheapest gold bullion coin to buy (lowest premium above the gold spot price due to its popularity) Weight, purity and gold content backed by the South African Government. Pure gold, at 24 carats, is too soft to be minted so it is “cut” with various amounts of metal to make it hard enough to mint. How to buy Krugerrands. 1, You can purchase gold coins often if you are intending to invest them in the medium to long-term. If you're just looking for gold, then this is the cheapest way to buy. Purity and weight. STEP 1: Login to Online Banking. Policy benefits underwritten by Santam Structured Insurance Limited FSP1027. 1/4 Oz Krugerrand R8 141.00. The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being copper, the old traditional alloy of gold coins.. Buy Gold → Some vendors offer to keep your coins in a safe place, either for free or for some charge. Co-Ownership. 1, Seeing the coin’s price is directly linked to the current gold price, stated in US Dollars, convert the latter into the equivalent ZAR, using the relevant exchange rate. The gold coin does not display a face value, because its value is directly connected to the going gold price on the world market.1,2 In other words, as the gold price rises and falls, so does the value of the Krugerrand. Golden Mile Plan. The South Africa Gold Krugerrand is 22 karats, 90% pure gold, 10% copper and contains one ounce of pure gold. You can buy them online for Delivery or Storage using the BUY button or you can call our office to place your order over the phone. The South African Krugerrand's design was constructed by two artists, instead of one. Standard SMS rates apply. The vendor may charge you a handling fee for a cash transaction, so rather pay via EFT. Immediate delivery - Call us at (800) 375-9006. Often the low levels of the gold price do not work in tandem with an acceptable exchange rate of the Rand. This 2020 1oz Gold Krugerrand is a 22 carat (916.7 Fineness) coin with a fine gold weight of 31.103g grams and a total weight of 33.93 grams. The obverse or front depicts president Paul Kruger while the reverse design depicts the springbok antelope and the coin date. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. As with any large purchase, it pays to do your research and be an informed consumer. Terms and Conditions apply. Please contact a Monex Account Representative for additional details. 1 troy oz gold South African Krugerrand coins was first conceptualized in 1964 as a legal tender bullion coin marked only with its weight in gold. If you buy gold krugerrands as an investment, keep in mind that these coins are 22 carat gold; an extremely high grade in quality. It was the first one ounce gold bullion coin ever made. Krugerrands are an alloy of 91.67% gold and 8.33% copper. • 22 carat • 1 troy ounce of pure gold • Minimum Gross Weight 33.93g. Location: 1/10 Oz Krugerrand R3 363.00. Collect your krugerrands from the vendor. His name was linked to the rand, which is the South African currency, and together make the Krugerrand. Dimensions (mm) 32.60 x 2.84.The Krugerrand was the first gold bullion coin to be produced, in 1967, and the design has not changed, with the exception of the date of minting, in over half a century. Policy distributed by Prime Meridian Direct (Pty) Ltd. Authorised Financial Services Provider. In the 1970's, its popularity boomed and it was the number one choice of gold investment among collectors and investors. COVID-19 Corona Virus South Africa Resource Portal. Storage available FREE for 8 months subject to a minimum order of £250.00 More info > Out of stock. Prime Meridian Direct is a member of the Direct Marketing Association of South Africa. 1 Oz Krugerrand R31 161.00. Four versions: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz are all still minted today. Kruger remains one of the most divisive and well-known political figures from the 19th century. Buy gold bullion coins like the 1oz gold krugerrand, the most popular investment gold coin in the world, and British gold coins like the gold sovereign coin and 1oz Gold Britannia. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. Buy 1oz Krugerrand Gold Coin Anniversary Duo. Krugerrand Gold Coins. £ 3203.50. 1oz Gold Krugerrand Bullion coins are minted purely for gold investment. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your gold Krugerrand investment. In 1948, Sheldon developed the Sheldon Numeric Scale, which became the foundation of grading and certifying coins. Extra audio and video materials are available to help you. The Krugerrand is 32.77mm in diameter and 2.84mm thick. Buy Krugerrand gold coins. In 1967 it was first introduced as a channel designed to encourage individuals to own gold. Krugerrand gold coins can be bought online or with local bullion companies and banks. If you need assistance or more information, visit the COVID-19 Corona Virus South Africa Resource Portal. The Krugerrand is still incredibly popular and regarded as one of the most recognized gold coins in the world. Tax Free. If you would like to purchase Krugerrands, please consult a certified, financial advisor, who can provide you with professional advice. You can buy, using a bank’s online platform. Description; Specifications.Buy gold Krugerrand online with GerrardsBullion. All Content Copyright © 2004-January 2021 Golden Eagle Coins, LLC. For instance, since 1967, when the coin was first launched, it doubled its value every five years. BIDVAULT PLATFORM - NOW OPEN . Buying Gold Krugerrands is an easy and simple process. You have now estimated the cost of a Krugerrand in ZAR. Introduced in 1967, the South Africa Gold Krugerrand became the vehicle for private gold ownership. However, be careful which vendor you select for storing your coins. Home. You don’t have to contact any one, but you can use the call-back facility if you need to. FSP 41040. Contact Us. It is one of the world's most popular and best-known gold bullion coins. 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