1oz Gold Krugerrand

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1oz Gold Krugerrand
Price:
1469.83
This price is for
1 item


Krugerrands have been minted by the South African Mint since 1967. The name comes from the country's Rand Refinery company. The front (obverse) of the coin features former South African president Paul Kruger and the reverse pictures a springbok (antelope), one of the country's national symbols.

Like the Gold Eagle in the U.S.A., the 1oz Krugerrand was specifically created by the government to give people a convenient way to own gold in their financial portfolios. It is made from a 22 karat gold alloy that contains one troy ounce of gold and .09 troy ounces of copper, making the coin more durable and scratch-resistant, which makes it suitable for currency.


Economic sanctions placed on South Africa made the import of Krugerrands illegal during the era of apartheid, ending in 1994, when the sanctions were lifted. By 2010, approximately 50 million ounces of gold Krugerrands had been sold by the South African Mint.

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United States Gold Bureau is a private distributor of Gold, Silver & Platinum coins from the U.S. Mint and is not affiliated with the U.S. Government. Information on this web site is intended for educational purpose only and is not to be used as investment advice or a recommendation to buy sell or trade any asset that requires a licensed broker. As with all investments there is risk and the past performance of a particular asset class does not guarantee any future performance. The United States Gold Bureau, principals and representatives do not guarantee to clients that they will realize a profit or guarantee that losses may not be incurred as a result of following its coin collecting recommendations, or upon liquidation of coins bought from the U.S. Gold Bureau. All content and images are owned by USGB and may not be reproduced without written authorization. Copyright 2013.

 

 

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