Gold Krugerrand

Gold Krugerrand Bullion Coin

Historical Significance:  The Gold Krugerrand is well known around the world and beloved by investors and coin collectors alike.  In fact, this bullion coin is the most popular of all coin investments internationally.  It is also the first gold coin made and mined from its very own country, and made in mass to sell on the world market.  In addition, South Africa was seeking to sell their mined gold, even when international trading of gold was restricted.

Features of the Coin:

1. Its Design:  This bullion coin originated in 1967 for private ownership.  At that time Paul Kruger was the president of South Africa and their monetary denomination being the Rand, is how the name of coin was derived.  On the reverse side, you will find the Pronking Springbok, from the antelope family.  It is South Africa’s well known national symbol, depicted by their rugby team as well.
2. Fineness and Purity:  This popular gold bullion coin is made from 91.7% gold, and 8.3% copper, giving the bullion coin its easily recognized reddish hue.  The gold purity equates to 22-karat gold.  Which is why the 10z Krugerrand actually weighs 33.933 grams.  Therefore the price of these bullion coins is spot price plus premium, because there is still a full Troy ounce of gold in the coin (31.10 grams).
3. Legal Tender Status:  The Gold Krugerrand is used and is a unique and circulated currency in South Africa.  There is no face value struck on the bullion coins, so the value varies along with the current spot price.  However, the Rand is their actual currency that has their face value depicted on their coins and paper money.

Other popular coins to collect are Gold American Eagle Coins and Gold Canadian Maple Leaf Coins.