Out of stock
Last price update: 03:34:31
|Qty||Net / Unit|
The krugerrand is the most popular one ounce gold coin and was the first gold bullion coin minted with a content of one ounce of gold. Since its release in 1967, its classic design depicting two key South African figures (Paul Kruger and the Springbok antelope) has been unchanged.
This product is a selection of random years coins, determined from our current stock availability.
The South African mint produces 1/4 ounce Gold Krugerrands since 1980. You might also be interested in our other Krugerrand gold coins:
The observe represents the profile of Paul Kruger, state president of south African republic formerly call Transvaal,known as the face of resistance against the british during the second boer war.
The reverse displays a springboke antelope, South Africa’s national symbol since the country has been under white minority rule.
The 1/4 oz Gold Krugerrand contains an alloy of 22 carats gold, also called “crown gold”. Its alloy of gold and copper gives it a distinctive red-orange color. This makes this bullion coin more resistant and durable and perfect for trade.
Because of its popularity, the gold krugerrand is one of the most traded gold bullion coin internationally and is extremely easy to sell all over the world. Because of its weight, its a gold bullion coin easy to carry and track its value by comparing with the gold spot price per oz. The South African Government guarantees the weight, purity and gold content of the 1/4 oz Gold Krugerrands.
Gold krugerrand carries the lowest premium (price paid over the gold spot price compared to smaller denomination gold coins or other gold bullion coins such as the chinese panda or the gold eagle. Therefore, it is the best gold bullion coin to buy for investment in physical gold.
During the 60’s, the South African chamber of mine had an inspiring idea to help market south African gold : issue one ounce gold coin and sell these gold bullion coins at a low premium above the gold spot price. As a result, the Rand Refinery was appointed to mint these gold coins and in 1967, the first south african one ounce gold coins were issue.
The South African government decided to name this coin the Krugerrand in tribute to Paul Kruger, state president at the time of the Transvaal, former name of the south african republic and in reference to the rand, national currency in South Africa.
The krugerrand gold coin encountered a vast success to private investors in physical gold, as it was the first gold bullion coin issued with a weight of one troy ounce. In 1980, krugerrand gold coins represented 90 % of the gold bullion coin market. 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.
Due to its legal tender status in South Africa, the gold krugerrand may be imported in many countries without any import taxes, duties or VAT. However, its trade under apartheid was controversial. Unlike most of the gold bullion coins, the krugerrand gold bullion coin was implemented as a currency and many western countries put economic sanctions against South Africa. During the 70’s and 80’s (apartheid period), it was illegal to import gold krugerrand.
It was not until 1971 that the Krugerrand could be legally acquired in Britain, when it became legal to buy gold bullion coins.
One ounce gold coins are popular in the gold bullion market. They are a great way to split your precious metal holdings in smaller fractions. In fact, a large gold bar is not always the best option. Even if you will pay less per gram with gold bars, a large gold bar will restrict the fungibility of your investment. Buying 1 ounce gold bullion coins make your investment more divisible and liquid. In fact, you can trade few gold coins when you need cash, instead of selling a whole bar at once. On the other hand, a large gold bar will be more difficult to convert into cash. Therefore, it is worth paying a slightly higher premium above the gold spot spot price.