1 oz Gold Krugerrand
How to buy a 1 oz gold Krugerrand and a little on where they came from. Over forty years ago the South African government had an idea to sell gold bullion to the international community. Unfortunately for the South Africans, the United States government had regulations prohibiting the regular citizens from owning gold bullion. However they could own foreign nation gold collectible coins. But there was a hitch- it had to be legal tender. The South Africans got around these technicalities by minting a one troy ounce gold bullion coin- and declaring it legal tender. Rather than
 1983 South Africa Krugerrand 1 oz Gold Coin A05 $1,705.00 (1 Bid) Time Remaining: 3h 37m |  1983 South Africa Krugerrand 1 oz Gold Coin A06 $1,705.00 (1 Bid) Time Remaining: 3h 37m |  1979 Gold 1 oz Krugerrand $1,999.99 Time Remaining: 9h 38m Buy It Now for only: $1,999.99 |
 1 oz 22K Fine GOLD KRUGERRAND Beautiful Uncirculated $1,699.99 Time Remaining: 20h 22m |  1975 South Africa Gold Krugerrand 1oz $1,606.00 (26 Bids) Time Remaining: 21h 13m |  10 1oz SOUTH AFRICAN GOLD KRUGERRAND BULLION COINS $17,178.01 Time Remaining: 23h 18m |
 1oz Gold Krugerrand 1979 Great Condition 1 oz One Troy Ounce South African $1,616.00 (25 Bids) Time Remaining: 1d 1h 19m |  1979 1 oz Gold Krugerrand One Troy Ounce Gold $1,625.00 (7 Bids) Time Remaining: 1d 11h 46m |  1981 1oz Gold Krugerrand $1,600.00 (1 Bid) Time Remaining: 2d 6h 39m |
stamp it with a denomination, they stamped it with the weight of the gold, and the Krugerrand was born. It has been quite a few years since 1967 (first mass produced in 1970), and the Krugerrand is the most circulated gold coin in the world, with more gold Krugerrands in circulation than all other gold coins combined. This fact is made a little more interesting by the fact that due to international sanctions from the mid eighties to the mid nineties, Krugerrands couldn't be legally purchased. After the South Africans ended Apartheid, trade of the Krugerrand became legal again. If you take a look at the gold prices over the last 30 years, you see that the gold price had been relatively stable before the turn of the century, however in the last decade it has been steadily rising. In times of economic challenge, investors shift back to hard assets- such as gold. Krugerrands of course, follow the price of gold. There is a small premium for the coin (usually between 1-8%, depending on condition, collectibility and of course the market), but it has always been intended as an investment medium for gold bullion. The premiums on buying a 1 oz gold Krugerrand are generally smaller than those on the fractal Krugerrands. Have a look at today's gold krugerrand price, for you convenience you can see the eBay auction prices, as well as find a link to see the gold dealer prices.
Here are some specifics on the physical characteristics of the 1 oz gold Krugerrand:
Gold Content: 1.0 oz, or 31.103 grams.
Weight: 33.930 g
Fineness: 22 carats
Diameter: 32.77 mm
Thickness: 2.84 mm
The circumference of the Krugerrand is covered with tiny ridges, which are called reeds. The reeded edge, as it is known, contains 180 reeds on a 1 oz gold Krugerrand. The man on the Krugerrand is Paul Kruger (Uncle Paul), who was the 5th President of South Africa. Coert Steynberg, a South African coin designer, contributed a Springbok antelope, to grace the other side of the coin. Last but not least, there is that all important weight denomination, it is after all, a 1 oz Gold Krugerrand.
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