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

2017 South Africa 1 oz Gold Krugerrand BU SKU 102243
2017 South Africa 1 oz Gold Krugerrand BU SKU 102243
$1,468.01
End Date: Tuesday Feb-20-2018 7:50:09 PST
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2008 South Africa First 300 Struck 1 2 oz Krugerrand Gold NGC PF70 Ulta Cameo
2008 South Africa First 300 Struck 1 2 oz Krugerrand Gold NGC PF70 Ulta Cameo
$1,000.00
End Date: Tuesday Feb-20-2018 12:04:25 PST
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1979 South Africa 1 oz Gold Krugerrand MS 67 PCGS SKU 114762
1979 South Africa 1 oz Gold Krugerrand MS 67 PCGS SKU 114762
$1,608.65
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1979 South Africa 1 oz Gold Krugerrand MS 66 PCGS SKU 114761
1979 South Africa 1 oz Gold Krugerrand MS 66 PCGS SKU 114761
$1,572.19
End Date: Tuesday Feb-20-2018 14:07:21 PST
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1979 South Africa 1 oz Gold Krugerrand MS 68 PCGS SKU 114763
1979 South Africa 1 oz Gold Krugerrand MS 68 PCGS SKU 114763
$1,712.81
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South Africa 1980 Gold 1 oz Krugerrand NGC PF 68UC
South Africa 1980 Gold 1 oz Krugerrand NGC PF 68UC
$1,799.99
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1990 South Africa 1 oz Gold Krugerrand SKU 60324
1990 South Africa 1 oz Gold Krugerrand SKU 60324
$1,483.65
End Date: Wednesday Feb-21-2018 7:22:02 PST
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South Africa 1 oz Gold Krugerrand Random Year SKU 62
South Africa 1 oz Gold Krugerrand Random Year SKU 62
$1,445.09
End Date: Wednesday Feb-21-2018 7:23:15 PST
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1972 South Africa 1 oz Gold Krugerrand SKU 63878
1972 South Africa 1 oz Gold Krugerrand SKU 63878
$1,566.98
End Date: Wednesday Feb-21-2018 7:52:29 PST
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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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