The Krugerrand - the classic since 1967: With the Krugerrand 1 ounce from South Africa you buy one of the oldest investment gold coins, which has been produced by the South African Mint since 1967. The South African gold coin is therefore the classic to profit from the performance of the gold price. Feature of the Krugerrand coin is the reddish glow compared to other gold coins, which is caused by the admixture of copper.
- The history of the Krugerrand coin
- The Krugerrand coin - a gold coin with a slight red tint
- Weight and dimensions of the Krugerrand to a troy ounce
- Krugerrand coins are currently available in the following denominations
- Graziler springbok on the Krugerrand gold coin
- Reverse of the coin Krugerrand 1 ounce shows Paul Kruger
- The Krugerrand name giver Paul Kruger
- 6 tips for buying Krugerrand
- Krugerrand circulation per weight class by year
- The prices of the Krugerrand gold coin
- Tips-Krugerrand buy and sell online
- Tips to buy Krugerrand
The first Krugerrand coin was minted on July 03, 1967 in South Africa. The fact that the first bullion coin came from South Africa is not surprising, because the country has always been one of the largest gold producers on earth. Due to the reserves, it was possible to achieve a relatively large circulation, with between 30,000 and 50,000 pieces of the coin with a weight of one ounce being minted annually until 1969, and from 1970 the circulation even increased to over 200,000 coins per year. From 1974, demand increased so strongly that by this time several million Krugerrand coins were already crossing the counter. In 1980, the decision was also made to expand the denominations. Since then, not only coins weighing one ounce have been produced, but also coins in the ½ ounce, ¼ ounce and 1/10 ounce weight classes.
Due to the ongoing apartheid in South Africa, the European Community as well as the United States imposed a trade ban. Due to this boycott, the Krugerrand was also no longer allowed to be imported. As a result, circulation dropped enormously. The lowest point was reached in 1995, when only a little more than 8,000 one-ounce coins could be sold. While ownership and trade were never banned, many banks offered to exchange them for Maple Leaf gold coins. This led to a large meltdown of numerous Krugerrand coins. With the easing of sanctions in 1999, production increased again, but the highs of the 1980s have not yet been reached.
Unlike other gold bullion coins, the South African Krugerrand is not minted from fine gold with a purity of 999.9. Traditionally, 22-karat gold with a fineness of 91.6 percent is used to produce the coin. The remaining portion consists of copper. This gives the Krugerrand its typical reddish color, which makes it very popular with many investors. However, the high copper content is not only visually appealing, it also has several advantages.
While other bullion coins made of soft fine gold scratch very easily, it has a much higher robustness. Thus, the coin could theoretically even be used as a circulation coin for a longer period of time. Even today, it is still official currency in South Africa. However, its value fluctuates on the basis of the respective gold prices determined, which corresponds to the fixing on the gold exchange. Therefore, it is used more for investment purposes and less for actual payment.
The weight of a Krugerrand coin is 33.93 grams, which at a fineness of 916.67 ‰ (=22 carats) corresponds to a fine gold weight of one troy ounce (= 31.10 grams). With a diameter of 32.6 mm, the coin is comparable in size to other 1-ounce gold coins and has a thickness of 2.75 mm.
|1 oz||32,77 mm||2,84 mm||160||33,930 g|
|1/2 oz||27,07 mm||2,215 mm||185||16,965 g|
|1/4 oz||22,06 mm||1.888 mm||8,482 g|
|1/10 oz||16.55 mm||1.35 mm||3,393 g|
The Krugerrand 1 oz is the most common size of the popular Krugerrand bullion coin.
On the obverse of the Krugerrand, arguably South Africa's best-known export, you can see a running springbok as it can be admired in the many national parks. The artistic motif of the springbok was created by Coert Steynberg. He was a famous South African sculptor who lived from 1905 to 1982. The springbok motif dates back to 1947, and although the 1-fine ounce coin is legal tender, no value is found on the obverse. To the left and right of the springbok is the year. The annual mintage is in the six to seven figure range. At the top of the obverse is the name "Krugerrand", yet in Germany the coin is spelled and pronounced ü.
At the bottom, in Afrikaans and English, is the inscription "Fyngould 1 oz Fine Gold," which means 1 troy ounce of gold.
If you turn the South African gold coin to look at the lapel, you will notice that the knurling is not smooth. This security feature ensures that you can't just "scratch" off the coin and reduce its weight and value - a relic from centuries of coinage history.
On the edge of the lapel is bilingual country of origin: Suid Africa - South Africa. In the center is the full-bearded Paul Kruger in profile. The portrait is by Otto Schulz and was created in 1967, the year of the first edition. Paul Kruger, of German origin, was President of the South African Republic from 1892 to 1902 and also gave his name to the Kruger National Park.
The name Krugerrand, which was derived from the actual name Krugerrand, is composed of two parts. The main namesake is former Burian general Paul Kruger, whose portrait appears on the obverse. The South African politician, who fought for the autonomy of the Boer states and independence from Great Britain, was president of the South African Republic in the years 1882 - 1902. After the Boers threatened to lose the battle in 1902, he traveled to the German Kaiser and asked for help. However, this was refused. A return to South Africa was impossible due to the siege. Paul Kruger died in Switzerland in 1904.
|Year||Number of different coins||Total number of
|Total number of
|1 oz||1/2 oz||1/4 oz||1/10 oz|
The Krugerrand gold coin is made of 91.6 percent fine gold. Its current price is thus based on the development of the gold price, which is determined daily on the world stock exchanges in U.S. dollars per troy ounce. This makes the bullion coin also desirable as an investment object. Because investors have the opportunity to profit from rising gold prices. At the same time, an investment in gold is a tangible asset investment that can be used to protect existing assets against the loss in value of book currencies in the long term.
Both the purchase and the sale of Krugerrand gold coins are therefore made at the current daily rate. Since the price of gold can change daily, it is important to call up the current rates before each purchase as well as before each sale and to trigger orders only afterwards.
Through us you can buy the Krugerrand 1 ounce gold coin and the smaller variants of 1/2, 1/4 and 1/10 troy ounce cheap online at a low price. Value added tax does not apply to gold coins in general. Meanwhile, there is even a silver variant of the Krugerrand.
If you want tosell us yourgold coins, simply place the corresponding items in the desired quantity via the sell button in the purchase basket and complete your sale. Afterwards you will receive a confirmation and all further information about shipping and payment.
The stated purchase price is only valid for as good as new items in tradable condition. Otherwise we will buy the items as scrap gold. This also applies to products that we do not have in our assortment. For more information: to the gold purchase.
|Manufacturer:||South African Mint|
|Country of origin:||South Africa|
|State:||as new or mint|
|Gross weight:||33,93 g|
|Fine weight:||1 oz (31.10 g)|
|Fineness:||916,67 / 1.000|
|Single packing:||in transparent coin pouch|
|Quantity packaging:||10 each in plastic tube|
|Storage locations:||Storage in Frankfurt a. M. (D), Storage in Liechtenstein (LI), Storage in Zurich (CH), Storage in Halifax (CA)|
|Intended use:||Bullion coin|
Historical prices to 1 Ounce Gold Krugerrand 2022