The Krugerrand Is A Unique Coin Investment

The Krugerrand Is A Unique Coin Investment

There are a huge variety of bars and coins that can attract investors and collectors alike, ranging from small, one ounce bars to one kilogram coins. We sell products that are suitable for all budgets and that are attractive to all potential customers. One of the most popular coins that we sell is the Krugerrand, a coin minted in South Africa. It is popular around the world for its economic value and its value for collectors.

The Krugerrand Is A Unique Coin Investment:

First minted in 1967 by South African Mint, the Krugerrand enjoys popularity amongst collectors and investors alike. It is named for Paul Kruger, fifth and last president of the South African Republic from 1883 to 1900, and rand, the standard unit of South African currency. The Krugerrand was first minted in high volumes, to the point where it accounted for 90% of the global coin market in 1980, though production levels have fluctuated significantly over the past several decades. This is due to sanctions and embargos being placed on the Krugerrand during apartheid, preventing it from being imported into several countries.

The Krugerrand’s value is based on its gold content rather than a pre-marked amount. When first minted, they contained one troy ounce of gold, though these weights now vary considerably. Though the coins have legal tender status, they are not actually to be used as currency; instead, they are minted mostly for collector value, and used for investors. Aside from this, the South African Mint Company also produces proof Krugerrands specifically for the collectors’ market. Due to the fact that is made solely out of gold, it remains a very popular coin for potential investors, particularly due to the fact that it is available in a variety of weights.

You can buy gold coins directly from us, including Krugerrands. They can be shipped quickly to you through free delivery, or we can store them for you in one of our secure vaults, a useful service particularly if you are purchasing Krugerrands as an investment option. These VAT free coins make for excellent collectables or investments, so if you wish to buy gold coins, look no further.

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