Krugerrand Gold Bullion Coins
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South African Krugerrand Gold
The South African Krugerrand gold coin is one of the most popular gold bullion coins ever minted. The success and demand for Krugerrand coins instituted the minting of other popular gold bullion coins by other countries including the Canadian Maple Leaf gold coins and the American Eagle gold coin series along with a number of others.
The United States Gold Reserve Act of January 30, 1934 prohibited United States citizens from owning and trading gold bullion and gold coins that were not considered to be collectors coins. American citizens regained the right to buy and own gold on December 31, 1974. The South African Krugerrand became an instant hit with a large number of Americans desiring to own gold and a modern day gold rush was launched.
Last update: Friday 06/01/2012
The United States Gold Reserve Act of January 30, 1934 prohibited United States citizens from owning and trading gold bullion and gold coins that were not considered to be collectors coins. American citizens regained the right to buy and own gold on December 31, 1974. The South African Krugerrand became an instant hit with a large number of Americans desiring to own gold and a modern day gold rush was launched.
Last update: Friday 06/01/2012
Krugerrand Gold Coin Facts
South Africa is home to some of the richest gold deposits on earth. Krugerrand gold coins were first produced by the South African Mint on July 3rd, 1967. Although the Krugerrand is considered a legal tender coin, the coin contains no specified face value, the actual value of the coin is determined by current value of gold according to the weight of the coin. Krugerrand Coin Specifications
Krugerrand coins are legal tender coins in South Africa and available in four different sizes ranging from the original one ounce coins first struck in 1967 to fractional sizes of 1/2 ounce, 1/4 ounce, and 1/10 ounce introduced in 1980. The coins are 22 karat gold, a mixture of pure gold and copper gives these gold coins an orange appearance compared to gold coins minted using a gold and silver alloy. Gold and copper alloy coins are also more durable and resistant to wear and damage than gold and silver alloys. The Krugerrand is 32.77 mm in diameter and 2.84 mm thick and the actual weight of the one ounce coin is 1.0909 troy ounces.
Krugerrand Gold for Sale
Other Lenses Related to Gold Coins and Gold Bullion
Where to Buy Gold Coins and Bullion
- United States Gold Coin Sale
- Gold coins have an excellent history of increasing in value over time. Coin collectors and investors can comparison shop online for these highly desirable United States gold coins using our coin auction listings.
- Gold Bullion Bars
- Gold bars offer investors an easy way to own a tangible investment that you can touch and feel.
- Scrap Gold Auction Sale
- Scrap gold sale, 10k gold scrap, 14k gold scrap, 18k gold scrap, 24k gold scrap. Comparison shop for wholesale prices on scrap gold.
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