The South African Krugerrand is a 22-karat gold coin weighing 1.0909 ounces (or 33.930 grams). Luckily, we at Post My Gold have done our research and we have all the answers you are looking for. These prices are based upon the spot gold price of. Random dates from 1967 - 2020. The krugerrand is a South African gold bullion coin that was first produced in 1967 and is a legal tender gold coin, meaning that it can be used as currency to pay for goods or services. Since then the gold Krugerrand, which is produced by the South African Mint has proved popular and by the 1980’s accounted for 90% of the gold coin market. Weight: 31.1034768 g: Related Products. Ounces offer the best value for money. The South African Krugerrand is prized as one of the world’s oldest and most recognizable gold bullion coins.Its pioneering example as the first gold bullion coin accessible to everyone puts the Krugerrand on the pedestal of history and makes it an essential addition for coin collectors and investors. In addition to having really strong bids on gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins. We will return your gold free of charge! They were produced by the South African Mint. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. Highest Value Coins Still in Circulation, Why You Shouldn’t Sell a Gold Sovereign on eBay: Ask the Experts. Gold bullion coins got their start in 1967 when South Africa introduced the Krugerrand. With the demise of gold as legal tender coins in the first half of the 20th Century, the only gold struck came to be special presentation pieces and collectors issues, not the old fashion gold-for-money’s–sake gold coins as had been produced for thousands of years prior. Later, other countries followed suit and produced their own bullion coins, but not before tens of millions of ounces of gold Krugerrands were sold all over the world. PostMyGold.com The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. Between the years of 1967 and 1969, approximately, 40,000 Krugerrand coins were minted each year. Post My Gold © 2017 All Rights Reserved. The unique properties of gold as an element make it indispensable in a wide range of industrial uses and jewelry. Krugerrand Gold Coins. While the addition of copper means they may not have the usual appearance of gold, they are one of the purest coins you can get your hands on. All prices includes USPS Registered insured delivery. By 1980, the Krugerrand had already made a mark, accounting for an incredible 90% of the global gold coin market. . THE PROCESS All Kruger Rands are 22 carat Gold made up of 91.6% Gold & 8.4% Copper. Sell gold online with Post My Gold and you could get a treasure trove of cash within 24 hours. Prices are per gold bar with quantity discounts shown. If I have one, how do I sell a Krugerrand? Simple! The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. 1 ounce Krugerrand Gold Coins available from Canadian Gold Coin Dealers. Compare 1-oz South African Krugerrand with other gold products, , Precious Metals Automated Product Pricing. The South African Gold Krugerrand was created in 1967 as the official bullion coin of South Africa. At Post My Gold, we make selling Krugerrand coins a hassle-free process. Investors looking to buy or sell Krugerrand Gold coins online or over the phone should call Money Metals Exchange directly at 1-800-800-1865 to inquire about Krugerrand Gold coins value and availability and/or to place an order. Put simply, a Krugerrand is a South African gold coin. Gold coins came to mean coins of numismatic or collectors value, coins which traded for prices far in excess of their gold value. We have especially strong bids for old US gold coins. First minted in 1967, the Gold Krugerrand Coin was for many years the only gold bullion coin available in the market. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. With the market leaders, since $300 an oz. Onlygold did business at the same location for more than sixteen years. Enquire about or browse our coins today. In 1970, this number rose dramatically to over 200,000 coins. Buy Gold Krugerrand Coins. Krugerrand gold coins contain exactly one troy ounce of gold. with us, we’ll send you a fully insured, prepaid gold pack. The other 8.33% is made up of copper (which is historically known as crown gold and long been used for English gold sovereigns). Prices as of: Jan, 09, 2021 06:51 PM Eastern time. The entire process is quick, easy and entirely risk-free. Where is the best place to sell Krugerrands? OnlyGold.com is owned & published by CMI Gold & Silver Inc. If you’re looking to sell Krugerrand coins, you’ll want to know what they are and how much a Krugerrand is worth. If I have one, how do I sell a Krugerrand? First produced in 1967, the Krugerrand celebrated its 50th birthday in 2017, and it’s still one of the top-selling gold bullion coins in the world.. During the late 1960s and early 1970s, South Africa mined 75 per cent of the total gold output in the western world. All checks, shipments, and correspondence should be sent to: CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012, Minimum order is three ounces. What is a Krugerrand? First things first: what exactly is a Krugerrand coin? From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. on its reverse. There are now, Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African. Between the years of 1967 and 1969, approximately 40,000 Krugerrand coins were minted each year. Its diameter is 32.7 mm, thickness 2.83 mm.Gold bullion coins got their start in 1967 when South Africa introduced the Krugerrand. The first Krugerrands were minted on July 3, 1967 and they were used as a vehicle for the private ownership of gold and to help market South African gold. The bullion Krugerrand contains 11/12 24 karat gold and 1/12 copper, and comes in four sizes, including 1oz, 1/2oz, 1/4oz and 1/10oz pure gold. We will give you a cash offer within 24 hours. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. PO Box 4762 South African Gold Krugerrand coins were the first bullion coins issued legal tender status, but they do not bear a face value. Where is the best place to sell Krugerrands? The year the Krugerrand was produced will be displayed on either side of the Springbok. Not only do you get rid of all your old clutter, but you could make a hefty sum of money, too. The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. During the 1970s and 1980s, there were some countries in the West that implemented a policy that forbade the import of the Krugerrand coin, due to its association with the South African apartheid regime. Krugerrands … Whether you’re a coin collecting enthusiast or you simply suspect you might have a famous Krugerrand coin in your possession, you’ll be full of questions. The Krugerrand is the most widely held and traded gold bullion coin in the world. The Krugerrand used to be available in only one size, but since September 1980, three additional sizes were produced, containing varying weights of pure gold. The Krugerrand is a South African gold coin that was first minted on July 3, 1967, enabling individuals to own gold and to help market South African gold.. Krugerrands have no face value but are considered to be legal tender in South Africa.However, they are not intended to be used as currency. South Africa is the largest producer of gold in the world, and the Krugerrand helped the country to market the vast stores of gold coming out of the deep mines around Johannesburg. The Krugerrand. The South African Government changed that with the introduction of the Krugerrand in 1967. It was launched by South Africa in 1967 and by 1980 the Gold Krugerrand accounted for 90% of the global gold coin market. Simple! The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. Though many might have been produced in the 1970s, in recent years, these gold coins have become much rarer. Minting fell dramatically following the end of apartheid. Sell Antique Jewellery: Top 3 Places to Sell Online, What Coins Are Valuable? Also available are collectable and proof gold krugerrands… The bullion Krugerrand coin is a legal tender gold coin that is the only coin worth its weight in gold. Here was a coin, with legal tender status, purposefully made to trade just for its gold value and the small cost of manufacture and distribution. Before you even think about selling your Krugerrand coins, it’s important to do your research. A lower domination in perfect condition could result in you getting much more. Don't like the offer? An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our scrap gold price per gram calculator). have done our research and we have all the answers you are looking for. We often store our bits and pieces away, leaving them to be forgotten, and you could be sitting on a goldmine. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. What exactly is a Krugerrand coin? Once we receive your gold, we’ll send you a quote within 24 hours. Once we receive your gold, we’ll send you a quote within 24 hours. Krugerrands are an alloy of 91.67% gold and 8.33% copper. The entire process is quick, easy and entirely risk-free. The Krugerrand gold coin is 91.67% fine gold (22K) the rest being cupper, it has a diameter of 32.7 mm, and a thickness of 2.83 mm. (22 karats). Bullion coins, such as the kruger, allow investors of all budgets to buy gold. 1 Oz Krugerrand R31 161 .00 PRICES BELOW are indication prices only (in South African Rands) and fluctuate according to the GOLD price, R/$ exchange rate, at the time of trade and quantity of coins traded 08H00 (South African Time) 06/01/2021 and only valid until 12H00 . Some sellers have experienced a number of dealers stating that they will only. You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the Krugerrand Gold bullion coin only increases as the years go by. In modern bullion gold coin investing history, the gold 1-ounce Krugerrand is the most famous of all 1oz gold coins. They were produced by the, By 1980, the Krugerrand had already made a mark, accounting for an incredible. Whether it is bought as an investment or as a collectable, the Krugerrand is looked upon as an international symbol of prestige and wealth. A wide selection of dates and investment bullion. Request your FREE Gold Pack with fully insured pre-paid envelope. Although levels have increased again, they have never reached the production levels seen in the 1970s. , making it problematic to find a seller and get a good deal. It was the first one ounce gold bullion coin ever made. With Post My Gold, you can send it all in one go and have your gold appraised by our experts. Krugerrand - Minted since 1967, The South African Krugerrand is the most popular and numerous one ounce bullion gold coin in the world and offers a great value way to invest in gold. South Africa foresaw that gold ownership would become increasingly popular among private individuals as the U.S. dollar was no longer a fixed amount of gold. The original Krugerrand (known as the one ounce Krugerrand) is 32.77 mm in diameter and has a thickness of 2.84 mm, weighing in at 1.0909 troy ounces (equivalent to 33.93 grams). If you think you are in possession of a Krugerrand coin, you’ll certainly be asking yourself: what is a Krugerrand worth today? Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. Krugerrands are also available in the Ounce size. Since the first mint in 1967, 50 million ounces of gold Krugerrand coins have been sold, making the Krugerrand gold bullion coin one of the world’s most popularly traded or sought after coins. Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. It also means they are slightly heavier than your average gold coin. The gold Krugerrand is a South African coin which was introduced in 1967 as a vehicle for private ownership of gold. Slough, SL1 OAF. In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. Chards 50yrs+ experience. Post My Gold, the UK’s number one, cash for gold site is here to answer all your questions. The South African gold Krugerrand has made gold ownership simple by providing a one troy ounce unit of gold that was easy to buy and sell all over the world. Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a complaint filed with the BBB—ever! You can verify the resale price of a Krugerrand by checking the current Gold Price.The spot gold price is quoted in US Dollars and is then converted at the current ruling Rand/Dollar exchange rate. calculator). It soon became the first commemorative Gold bullion coin on the market, building the pathway for private Gold ownership. Fortunately, Post My Gold offers a price match guarantee, ensuring you get the best deal. Gold-for-gold’s-sake was pretty much bullion bars, a form of gold whose ownership was restricted in the United States from 1933 to 1975. Signature required upon delivery. A lower domination in perfect condition could result in you getting much more. Other companies may also require you to pay for secure postage and insurance on your coins. Some sellers have experienced a number of dealers stating that they will only buy back their own coins, making it problematic to find a seller and get a good deal. This coin was … Additional Information; Additional Information. The year the Krugerrand was produced will be displayed on either side of the Springbok. Buy South Africa Gold Krugerrands and all Others Online South Africa Gold Krugerrands, one of the worlds first and most famous 1oz gold bullion coins. Request your free gold pack today to find out how much you could receive. Gold Krugerrand coins available for sale online. Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is 91.67% pure (22 karats). An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our. The Definitive Site For Gold1-800-800-4485. Your gold, your legacy. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. It should be noted that while the different types of Krugerrand coin all differ in height and weight, all Krugerrand coins still bear the 91.67% of pure gold. The South African Krugerrand was the first gold coin to contain one troy ounce of gold. So, now that you know more about these special coins, let’s explore the Krugerrand coin value. In a few short minutes, you’ll know all there is to know about this South African coin, as well as the best place to sell Krugerrands in the UK. (Krugerrands are commonly misspelled as Krugerands), Receive ARTICLES OF INTEREST & SPECIAL OFFERS if you like. Each piece is struck from 22k gold (91.67%) and contains 1oz of fine gold. We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. The convenience of a legal tender gold bullion coin, exactly one ounce of pure gold, guaranteed by a government Mint for weight and purity, made The gold Krugerrands is the predominant way for individuals to buy gold bullion in the 1970’s. Each Gold South African Krugerrand coin contains one ounce of pure gold. There are now four different sizes (or denomination) of Krugerrand coin: Every Krugerrand coin depicts the face of President Paul Kruger on one side and the South African Springbok antelope on its reverse. The Krugerrand used to be available in only one size, but since September 1980, three additional sizes were produced, containing varying weights of pure gold. This gives Krugerrand coins a more orange appearance than other gold coins, and the fact that it is made of a copper alloy means these coins are also more durable, rendering them less scratch and dent resistant. on the obverse of the coin is the figure of President Paul Kruger also known as “Uncle Paul” and the coin`s reverse illustrates a springbok antelope and also the mint date in the field. Add to basket. How much is a Krugerrand worth today? Krugerrand 1/2 oz: 838.00 0.66: CHF per 1/2 Ounce 1/7/21 11:00 AM Krugerrand 1/4 oz: 419.00 0.66: CHF per 1/4 Ounce 1/7/21 11:00 AM Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 carat) gold. In 1974 alone, more than a million Krugerrand coins were produced, but the record number of coins produced was six million in 1978. The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being copper, the old traditional alloy of gold coins.. The Krugerrand coin gets its name from Paul Kruger, former president of South Africa and one of the most dominant political figures in South African history. Category: Australian Gold Coins. In 1970, this number rose dramatically to over 200,000 coins. Not only is it an industrial commodity, it is the world's truest money. of gold Krugerrand coins have been sold, making the Krugerrand gold bullion coin one of the world’s most popularly traded or sought after coins. The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. The South Africa Gold Krugerrand coin is one of the most widely owned gold coins to date, with sales of over 50 million ounces since inception. What exactly is a Krugerrand coin? First things first: what exactly is a Krugerrand coin? We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. A couple of simple tasks are essential for you to do before parting ways with your Krugerrand: Looking at the current price of gold is a great way to get an idea of how much your gold is worth. These sanctions ended when South Africa abandoned apartheid in 1991. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of fine gold. If you choose to sell Krugerrand coins, the amount you will receive will ultimately depend on its size and condition. Krugerrands are the world’s most popular gold bullion coins, with more Krugerrands having been minted and sold than any other modern gold bullion coin. Since the first mint in 1967, 50 million ounces of gold Krugerrand coins have been sold, making the Krugerrand gold bullion coin one of the world’s most popularly traded or sought after coins. Fully insured delivery. The gold Krugerrand has a thickness of 2.74 mm thick, a diameter of 32.6 mm and a fineness of .9167. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Its diameter is 32.7 mm, thickness 2.83 mm. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. The number of Krugerrands minted varies significantly each year. Whether you’re a coin collecting enthusiast or you simply suspect you might have a famous Krugerrand coin in your possession, you’ll be full of questions. Mintage in 1967 was 50,000 coins … How much is a Krugerrand worth today? You should also know that while gold Krugerrand prices might fluctuate slightly, the popularity and demand of the, At Post My Gold, we make selling Krugerrand coins a hassle-free process. The words “South Africa”, along with the gold content, are inscribed on the coins in both English and Afrikaans. Cash your gold websites will often base their quote on the daily price of gold, but the offer you receive may be much lower. Copyright – CMI Gold & Silver Inc. All rights reserved. Other companies may also require you to pay for secure postage and insurance on your coins. With the weakening of the dollar, the monetary standard of the world was changing, and gold would play a growing part in those changes. , the amount you will receive will ultimately depend on its size and condition. If you’re planning to sell Krugerrand coins to Post My Gold, why not take the opportunity to have a look through your drawers and see if you can find any old jewellery lying around? Emails will come from CMI Gold & Silver, which now owns OnlyGold.com. The original Krugerrand (known as the one ounce Krugerrand) is 32.77 mm in diameter and has a thickness of 2.84 mm, weighing in at 1.0909, Regardless of their size and weight, all Krugerrands are minted from a gold alloy that is. It should be noted that while the different types of Krugerrand coin all differ in height and weight, all Krugerrand coins still bear the 91.67% of pure gold. Put simply, a Krugerrand is a, first Krugerrands were minted on July 3, 1967, and they were used as a vehicle for the private ownership of gold and to help market South African gold. 1oz Krugerrand $ 2,795.00. The price of a Krugerrand is directly linked to the ruling international spot gold price, Krugerrands are simple to buy and sell as you know exactly what price you should pay or get paid. The latter part of the word comes from ‘Rand’ – the South African unit of currency. Gold bullion coin in the 1970s, in recent years, these gold coins have much... Entire process is quick, easy and entirely risk-free of gold as an element make it indispensable in a range. 22 carat gold made up of 91.6 % gold and you could make a hefty sum money., easy and entirely risk-free will give you a quote within 24.... And jewelry launched by South Africa introduced the Krugerrand had already made a mark, accounting for an 90. The daily gold price and therefore constantly fluctuates Why you Shouldn ’ t sell a Krugerrand is a is. Could result in you getting much more price and therefore constantly fluctuates which was introduced in was. Is minted in 22-karat gold coin minted by the, by 1980 the gold coins! Way to invest in gold gold bar with quantity discounts shown perfect condition could in... Mass-Produced bullion coins got their start in 1967 and 1969, approximately 40,000 Krugerrand coins, the you... Alloy that is 91.67 % fine gold, and weighs 1.0909 troy ounces especially strong bids old. It ’ s number one, cash for gold site is here to answer all your old clutter but... Ounces ( or 33.930 grams ) 1967 when South Africa ”, with. 15 coins per tube durability, scratch resistance and unique orange-gold coloring accounting for an incredible them to be,! Are Valuable things first: what exactly is a South African Mint Company ( 22 ). 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