1 Oz Krugerrand Gold Coin
Only 2 left in stock
Investing in gold South African Krugerrands has been a pillar of gold investors for decades. South African gold Krugerrands are perhaps the most recognizable coin in the entire world with 46 million troy ounces of Krugerrand coins being produced and sold since its inception in 1967.
The purpose of the original issue was to encourage individual ownership of gold, and it must be said that this objective has clearly been met by the Krugerrand.
The coins were intended to be used as currency in South Africa, and as such are made of a durable 22Karat (.9167) alloy of gold and copper. This alloy, known to historians as crown gold due to its use in English gold sovereigns, gives the coins their distinctive rich color and grants them a durability that bullion coins of higher purity often lack. In fact, any gold investor buying gold for emergency purposes will buy the Krugerrand for their collection.
The Krugerrand takes its name from the last president of the former South African Republic; Paul Kruger, the man whose portrait occupies the obverse of the coin. The reverse depicts an antelope, one of South Africa’s national symbols. The Krugerrand uniquely has no stated face value: instead, its legal tender value is the bullion value of its gold at the current market price.