The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. Post My Gold © 2017 All Rights Reserved. There are now, Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African. Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a complaint filed with the BBB—ever! We often store our bits and pieces away, leaving them to be forgotten, and you could be sitting on a goldmine. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. Other companies may also require you to pay for secure postage and insurance on your coins. Later, other countries followed suit and produced their own bullion coins, but not before tens of millions of ounces of gold Krugerrands were sold all over the world. It soon became the first commemorative Gold bullion coin on the market, building the pathway for private Gold ownership. PO Box 4762 You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the Krugerrand Gold bullion coin only increases as the years go by. Krugerrand 1/2 oz: 838.00 0.66: CHF per 1/2 Ounce 1/7/21 11:00 AM Krugerrand 1/4 oz: 419.00 0.66: CHF per 1/4 Ounce 1/7/21 11:00 AM 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. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. First produced in 1967, the Krugerrand celebrated its 50th birthday in 2017, and it’s still one of the top-selling gold bullion coins in the world.. During the late 1960s and early 1970s, South Africa mined 75 per cent of the total gold output in the western world. Where is the best place to sell Krugerrands? An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our scrap gold price per gram calculator). Between the years of 1967 and 1969, approximately 40,000 Krugerrand coins were minted each year. The Krugerrand coin gets its name from Paul Kruger, former president of South Africa and one of the most dominant political figures in South African history. The South African Krugerrand is prized as one of the world’s oldest and most recognizable gold bullion coins.Its pioneering example as the first gold bullion coin accessible to everyone puts the Krugerrand on the pedestal of history and makes it an essential addition for coin collectors and investors. We will give you a cash offer within 24 hours. It should be noted that while the different types of Krugerrand coin all differ in height and weight, all Krugerrand coins still bear the 91.67% of pure gold. If I have one, how do I sell a Krugerrand? Emails will come from CMI Gold & Silver, which now owns OnlyGold.com. , the amount you will receive will ultimately depend on its size and condition. The year the Krugerrand was produced will be displayed on either side of the Springbok. With the weakening of the dollar, the monetary standard of the world was changing, and gold would play a growing part in those changes. Add to basket. An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our. What is a Krugerrand? Slough, SL1 OAF. 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.. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. The latter part of the word comes from ‘Rand’ – the South African unit of currency. The Definitive Site For Gold1-800-800-4485. With the demise of gold as legal tender coins in the first half of the 20th Century, the only gold struck came to be special presentation pieces and collectors issues, not the old fashion gold-for-money’s–sake gold coins as had been produced for thousands of years prior. Simple! What exactly is a Krugerrand coin? Before you even think about selling your Krugerrand coins, it’s important to do your research. 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 South Africa Gold Krugerrand coin is one of the most widely owned gold coins to date, with sales of over 50 million ounces since inception. If you’re looking to sell Krugerrand coins, you’ll want to know what they are and how much a Krugerrand is worth. We will return your gold free of charge! The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. Though many might have been produced in the 1970s, in recent years, these gold coins have become much rarer. OnlyGold.com is owned & published by CMI Gold & Silver Inc. It also means they are slightly heavier than your average gold coin. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. 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. Cash your gold websites will often base their quote on the daily price of gold, but the offer you receive may be much lower. Gold-for-gold’s-sake was pretty much bullion bars, a form of gold whose ownership was restricted in the United States from 1933 to 1975. with us, we’ll send you a fully insured, prepaid gold pack. In 1970, this number rose dramatically to over 200,000 coins. A lower domination in perfect condition could result in you getting much more. Krugerrand gold coins contain exactly one troy ounce of gold. With Post My Gold, you can send it all in one go and have your gold appraised by our experts. A couple of simple tasks are essential for you to do before parting ways with your Krugerrand: Looking at the current price of gold is a great way to get an idea of how much your gold is worth. The Krugerrand. on the obverse of the coin is the figure of President Paul Kruger also known as “Uncle Paul” and the coin`s reverse illustrates a springbok antelope and also the mint date in the field. Fully insured delivery. (Krugerrands are commonly misspelled as Krugerands), Receive ARTICLES OF INTEREST & SPECIAL OFFERS if you like. The bullion Krugerrand coin is a legal tender gold coin that is the only coin worth its weight in gold. What exactly is a Krugerrand coin? The Krugerrand is the most widely held and traded gold bullion coin in the world. The number of Krugerrands minted varies significantly each year. (22 karats). Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is 91.67% pure (22 karats). Prices as of: Jan, 09, 2021 06:51 PM Eastern time. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. Ounces offer the best value for money. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. All checks, shipments, and correspondence should be sent to: CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012, Minimum order is three ounces. How much is a Krugerrand worth today? Request your free gold pack today to find out how much you could receive. If you think you are in possession of a Krugerrand coin, you’ll certainly be asking yourself: what is a Krugerrand worth today? Gold bullion coins got their start in 1967 when South Africa introduced the Krugerrand. In modern bullion gold coin investing history, the gold 1-ounce Krugerrand is the most famous of all 1oz gold coins. Your gold, your legacy. But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. The Krugerrand is a South African gold coin that was first minted on July 3, 1967, enabling individuals to own gold and to help market South African gold.. Krugerrands have no face value but are considered to be legal tender in South Africa.However, they are not intended to be used as currency. Request your FREE Gold Pack with fully insured pre-paid envelope. By 1980, the Krugerrand had already made a mark, accounting for an incredible 90% of the global gold coin market. Its diameter is 32.7 mm, thickness 2.83 mm. In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. Krugerrands are also available in the Ounce size. We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. 1oz Krugerrand $ 2,795.00. From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. 1 ounce Krugerrand Gold Coins available from Canadian Gold Coin Dealers. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. You can verify the resale price of a Krugerrand by checking the current Gold Price.The spot gold price is quoted in US Dollars and is then converted at the current ruling Rand/Dollar exchange rate. If you choose to sell Krugerrand coins, the amount you will receive will ultimately depend on its size and condition. First things first: what exactly is a Krugerrand coin? During the 1970s and 1980s, there were some countries in the West that implemented a policy that forbade the import of the Krugerrand coin, due to its association with the South African apartheid regime. The entire process is quick, easy and entirely risk-free. The South African Government changed that with the introduction of the Krugerrand in 1967. on its reverse. calculator). have done our research and we have all the answers you are looking for. All prices includes USPS Registered insured delivery. This coin was … 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. In 1970, this number rose dramatically to over 200,000 coins. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. Once we receive your gold, we’ll send you a quote within 24 hours. We have especially strong bids for old US gold coins. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. Compare 1-oz South African Krugerrand with other gold products, , Precious Metals Automated Product Pricing. Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. The convenience of a legal tender gold bullion coin, exactly one ounce of pure gold, guaranteed by a government Mint for weight and purity, made The gold Krugerrands is the predominant way for individuals to buy gold bullion in the 1970’s. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. The Krugerrand used to be available in only one size, but since September 1980, three additional sizes were produced, containing varying weights of pure gold. First minted in 1967, the Gold Krugerrand Coin was for many years the only gold bullion coin available in the market. Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 carat) gold. They were produced by the South African Mint. , making it problematic to find a seller and get a good deal. If you’re planning to sell Krugerrand coins to Post My Gold, why not take the opportunity to have a look through your drawers and see if you can find any old jewellery lying around? Here was a coin, with legal tender status, purposefully made to trade just for its gold value and the small cost of manufacture and distribution. 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