Krugerrand is a South African Gold Coin produced in 1967.
The prices for the gold coins are cheaper than the price of regular gold.
The best way to determine the price of the gold Krugerrand is to compare them to the internationally priced regular gold. The Krugerrand coins come in a couple of different amounts of regular gold from 1 oz, 1/2 oz, 1/4 oz, or 1/10 oz.
Krugerrand gold coins became popular because of their durability. The coins contain gold and copper. The copper is used to make the coins harder and keep them from scratching and denting. This is important because the value of gold is different when it is damaged.
The Krugerrand are easily sold no matter what price they are selling at. This gold is easy to move and easily recognized on a national scale.
The biggest asset to Krugerrand gold coins is them being cost effective to the owners of it.
Krugerrand Gold Coins Fun Facts
Here are some cool facts or tidbits about Krugerrand gold coins, which you can use to impress your friends and your fellow precious metal enthusiasts!
Krugerrand Gold Coins – The Granddaddy Of Modern Gold Bullion Coins
The granddaddy of all modern gold bullion coins is the Gold Krugerrand. Krugerrand gold coins were introduced in 1967 and became so popular that by 1980 they accounted for 90 percent of the gold bullion market!
Krugerrand gold coins are the earliest among all present day gold bullion coins. Introduced in 1967 through the South African government, their worldwide popularity grew to become so good that it lead to the mintage of additional common gold bullion coins such as the Canadian Gold Maple Leaf and the American Gold Eagle. I’d like to talk about the advantages of buying Krugerrand gold coins versus other modern gold bullion coins.
Krugerrand Gold Coins – Benefits Of Purchasing Gold Krugerrands Vs. Other Bullion Coins
Krugerrand gold coins are the earliest among all present day gold bullion coins. Introduced in 1967 through the South African government, their worldwide popularity grew to become so good that it lead to the mintage of additional common gold bullion coins such as the Canadian Gold Maple Leaf and the American Gold Eagle. Because the gold has been minted, it does not have to be melted down and can be carried in its natural state.
Here are the prices for Krugerrand gold coins at 1oz:
1-25 oz=$1,400.32 + $27-$65 for shipping
26-49 oz=$1,393.42 + $65-$99 for shipping
50 + oz=$1,386.52 + Free shipping
As you can see the more Krugerrand gold coins, you buy the cheaper the price. This is another reason they are so easy to sell on a mass basis. The prices for Krugerrand tend the change with the price of regular gold. Be sure and check the price history to get the most accurate pricing at the time you are selling or buying.
Overall, the price of Krugerrand gold coins is a lot cheaper than the price for regular gold. That paired with its durability makes the gold coins internationally known and bought by other countries.
To Your Good Fortune,