1/10 oz Krugerrand Gold Coin

The South African Mint produces 1/10 oz Gold Krugerrand since 1980. We also have the following fractional gold krugerrand coins:

• 1 oz gold Krugerrand
• 1/2 oz gold Krugerrand
• 1/4 oz gold Krugerrand

Design of the 1/10 oz gold Krugerrand

Why buy fractional ounce gold coins ?

What are fractional gold coins ?

Fractional coins are bullion coins made of less than one troy ounce of gold. The most common denomination are 1/2 oz, 1/4 oz, 1/10 oz and 1/20 oz. Most of the fractional ounces gold coins are produced by world renowned mints and therefore, recognised worldwide. These include the British Royal Mint, The United States Mint and the South African Mint.

Even though fractional gold coins contain less gold, they are a great alternative way to invest in precious metals. Buy tenth ounce krugerrand the benefits of fractional gold, as explained below.

What is the benefit of fractional ounces gold coins ?

One of the main benefit to buy fractional ounce gold coins is the price. Simply they are more affordable compared to a one ounce gold bullion coin. An 1 ounce gold coin can be an important financial investment if you have a small budget. If you are a coin collector, it can also be a downturn and restrain you from your hobby. Therefore, budget is an important aspect of fractional gold. It is easier to save money to buy a tenth ounce krugerrand than waiting until you have sufficient funds to acquire a full ounce gold coin.

The great benefit of fractional ounce is the flexibility that these coins offer. You can purchase more coins at lower prices, and make your portfolio more flexible, in the sense that you can sell smaller part of your investment. Produced in smaller quantities than the traditional ounces, they are ideal if you want to convert your gold into small amounts of cash to pay for small expenditures. Therefore, buy tenth ounce krugerrand makes your portfolio more liquid compared to holding traditional 1 ounces gold coins or bars.

Fractional gold coins are a great way to start or complement a Gold investment portfolio. Gerrards make it easy with our live precious metals prices to add fractional gold ounces to your own gold portfolio. By buying Fractional Gold with Gerrards, you can be confident of adding quality bullion to your investment portfolio at the most up to date gold price. All the selling prices for our gold coins and bars are based on the precious metals prices quoted in realtime in the financial markets.

Why buy 1/10 oz Krugerrand gold coin ?

The 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. Moreover, the South African Government guarantees the purity, weight and gold content of 1/10 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.

Brief History of the Krugerrand

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.

Why buy 1 oz Gold 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.