1 oz Gold Krugerrand

1 oz gold krugerrand showing springbokHow 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

1967 One Troy Ounce 1 oz Gold Krugerrand First Year of Issue
1967 One Troy Ounce 1 oz Gold Krugerrand First Year of Issue
$1,457.00
End Date: Tuesday May-23-2017 8:00:16 PDT
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1976 1 oz Gold South African Krugerrand Coin Unc
1976 1 oz Gold South African Krugerrand Coin Unc
$1,315.00 (12 Bids)
End Date: Tuesday May-23-2017 9:51:22 PDT
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2017 South Africa 1 oz Gold Krugerrand BU SKU 102243
2017 South Africa 1 oz Gold Krugerrand BU SKU 102243
$1,373.53
End Date: Tuesday May-23-2017 15:07:38 PDT
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2017 South Africa 1 oz Gold Krugerrand 50th Anniv BU Privy SKU 116256
2017 South Africa 1 oz Gold Krugerrand 50th Anniv BU Privy SKU 116256
$1,442.29
End Date: Tuesday May-23-2017 15:38:40 PDT
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2017 Platinum 1oz Krugerrand 50th Anniversary coin mintmarked only 2017 No 274
2017 Platinum 1oz Krugerrand 50th Anniversary coin mintmarked only 2017 No 274
$2,999.00
End Date: Wednesday May-24-2017 0:32:29 PDT
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2015 South Africa 1 2 oz Gold Krugerrand PF 70 NGC SKU 150250
2015 South Africa 1 2 oz Gold Krugerrand PF 70 NGC SKU 150250
$1,244.79
End Date: Wednesday May-24-2017 11:09:14 PDT
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KRUGERRAND 1 OZ GOLD 1983 PCGS MS67 SOUTH AFRICA UNCIRCULATED 2 LOTS 1 COIN EACH
KRUGERRAND 1 OZ GOLD 1983 PCGS MS67 SOUTH AFRICA UNCIRCULATED 2 LOTS 1 COIN EACH
$1,515.00
End Date: Wednesday May-24-2017 12:43:50 PDT
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Fine Diamond Sapphire 1 10 Oz Krugerrand Coin Pin Brooch 14Kt 150Ct
Fine Diamond Sapphire 1 10 Oz Krugerrand Coin Pin Brooch 14Kt 150Ct
$1,087.50
End Date: Wednesday May-24-2017 14:23:55 PDT
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1976 1 oz Gold South African Krugerrand Coin
1976 1 oz Gold South African Krugerrand Coin
$1,300.00 (5 Bids)
End Date: Wednesday May-24-2017 18:47:28 PDT
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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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