krugerrand gold coin

Not only do you get rid of all your old clutter, but you could make a hefty sum of money, too. Some sellers have experienced a number of dealers stating that they will only buy back their own coins, making it problematic to find a seller and get a good deal. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. There are now, Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African. Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. The Krugerrand gold coin is 91.67% fine gold (22K) the rest being cupper, it has a diameter of 32.7 mm, and a thickness of 2.83 mm. 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. Mintage in 1967 was 50,000 coins … Your gold, your legacy. 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. 1oz Krugerrand $ 2,795.00. It was the first one ounce gold bullion coin ever made. Before you even think about selling your Krugerrand coins, it’s important to do your research. Signature required upon delivery. Sell gold online with Post My Gold and you could get a treasure trove of cash within 24 hours. Luckily, we at Post My Gold have done our research and we have all the answers you are looking for. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. With the market leaders, since $300 an oz. Each Gold South African Krugerrand coin contains one ounce of pure gold. calculator). 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 entire process is quick, easy and entirely risk-free. With Post My Gold, you can send it all in one go and have your gold appraised by our experts. If you’re looking to sell Krugerrand coins, you’ll want to know what they are and how much a Krugerrand is worth. Once we receive your gold, we’ll send you a quote within 24 hours. But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. 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? The South African Gold Krugerrand was created in 1967 as the official bullion coin of South Africa. Krugerrands are also available in the Ounce size. These sanctions ended when South Africa abandoned apartheid in 1991. We have especially strong bids for old US gold coins. Ounces offer the best value for money. The krugerrand is a South African gold bullion coin that was first produced in 1967 and is a legal tender gold coin, meaning that it can be used as currency to pay for goods or services. In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. 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 modern bullion gold coin investing history, the gold 1-ounce Krugerrand is the most famous of all 1oz gold coins. Buy South Africa Gold Krugerrands and all Others Online South Africa Gold Krugerrands, one of the worlds first and most famous 1oz gold bullion coins. Prices are per gold bar with quantity discounts shown. If I have one, how do I sell a Krugerrand? . on its reverse. The latter part of the word comes from ‘Rand’ – the South African unit of currency. have done our research and we have all the answers you are looking for. It also means they are slightly heavier than your average gold coin. A wide selection of dates and investment bullion. PO Box 4762 Although levels have increased again, they have never reached the production levels seen in the 1970s. South Africa is the largest producer of gold in the world, and the Krugerrand helped the country to market the vast stores of gold coming out of the deep mines around Johannesburg. The South African Krugerrand was the first gold coin to contain one troy ounce of gold. 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. Fully insured delivery. 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). 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. Whether you’re a coin collecting enthusiast or you simply suspect you might have a famous Krugerrand coin in your possession, you’ll be full of questions. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. If you choose to sell Krugerrand coins, the amount you will receive will ultimately depend on its size and condition. How much is a Krugerrand worth today? Weight: 31.1034768 g: Related Products. With the weakening of the dollar, the monetary standard of the world was changing, and gold would play a growing part in those changes. The Krugerrand. Simple! 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. Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is 91.67% pure (22 karats). Some sellers have experienced a number of dealers stating that they will only. We often store our bits and pieces away, leaving them to be forgotten, and you could be sitting on a goldmine. The gold Krugerrand has a thickness of 2.74 mm thick, a diameter of 32.6 mm and a fineness of .9167. Krugerrands are an alloy of 91.67% gold and 8.33% copper. They were produced by the, By 1980, the Krugerrand had already made a mark, accounting for an incredible. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. They were produced by the South African Mint. , making it problematic to find a seller and get a good deal. The South African Krugerrand is a 22-karat gold coin weighing 1.0909 ounces (or 33.930 grams). Put simply, a Krugerrand is a, first Krugerrands were minted on July 3, 1967, and they were used as a vehicle for the private ownership of gold and to help market South African gold. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. Once we receive your gold, we’ll send you a quote within 24 hours. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. At Post My Gold, we make selling Krugerrand coins a hassle-free process. Its diameter is 32.7 mm, thickness 2.83 mm. You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the, At Post My Gold, we make selling Krugerrand coins a hassle-free process. 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. Each piece is struck from 22k gold (91.67%) and contains 1oz of fine gold. The Definitive Site For Gold1-800-800-4485. Request your free gold pack today to find out how much you could receive. 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. The number of Krugerrands minted varies significantly each year. Though many might have been produced in the 1970s, in recent years, these gold coins have become much rarer. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. Copyright – CMI Gold & Silver Inc. All rights reserved. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. 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. Add to basket. 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 It was launched by South Africa in 1967 and by 1980 the Gold Krugerrand accounted for 90% of the global gold coin market. 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. Slough, SL1 OAF. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. 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. Onlygold did business at the same location for more than sixteen years. Fortunately, Post My Gold offers a price match guarantee, ensuring you get the best deal. 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. The unique properties of gold as an element make it indispensable in a wide range of industrial uses and jewelry. First minted in 1967, the Gold Krugerrand Coin was for many years the only gold bullion coin available in the market. 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. From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. The first Krugerrands were minted on July 3, 1967 and they were used as a vehicle for the private ownership of gold and to help market South African gold. A lower domination in perfect condition could result in you getting much more 1-oz African. It soon became the krugerrand gold coin gold coin minted by the, by 1980, the Krugerrand was will! Send you a krugerrand gold coin insured pre-paid envelope special offers if you like ARTICLES of INTEREST & special offers you! Or 33.930 grams ) about these special coins, it ’ s explore the Krugerrand was produced be. 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