The legal tender 22 carat gold Krugerrand was the concept of the South African Chamber of Mines and first became available to the public in 1967. When the gold standard was under pressure in the 1960's a steady process of deregulation took place in the gold market. The Chamber of Mines developed the Krugerrand as an investment opportunity for the “man in the street”.
The Krugerrand contained exactly 1 troy-ounce fine gold and its value was based on the daily gold price. It was also legal tender in South Africa, its country of issue and was mass produced so that it could be sold at a relatively low premium over the prevailing gold price. In 1980 the fractional Krugerrands (½ oz, ¼ oz and 1/10 oz) were added to the 1oz Krugerrand to assist the smaller buyer to obtain gold at an affordable price.
The Krugerrand dominated the world's gold coin market over the next nine years but during the years when sanctions were applied against the South African government in the mid 1980's, other mints took the opportunity to issue their own gold bullion coins. However, the Krugerrand had already established itself as one of the leading brands in the world and still remains so in the 21st century.
Krugerrands for sale on Sagold.com
Bullion Krugerrands are available in the following sizes: 1 Ounce, Half Ounce, Quarter Ounce and One tenth Ounce. Check each products listing for details on bulk pricing.
Bullion Krugerrands have no certificates or packaging and generally come in plastic sleeves or tubes.
Both Bullion and Proof Krugerrands have the same specifications. They differ mainly in appearance and packaging. For Proof Krugerrands please visit www.cybermetals.co.za
Krugerrand Technical Data
Order of 1 Oz, 1/2 Oz, 1/4 Oz, 1/10 Oz
Weight: 33.930 gram / 16.965 / gram / 8.482 gram / 3.393 gram
Diameter: 32.69 mm / 27.00 mm / 22.00 mm / 16.50 mm
Metal Content: Au 916.67 Cu 83.33 (22 karat Gold)
Reverse Die-Sinker: CL Steynberg
Obverse Die-Sinker: O Schultz
Why buy Bullion Krugerrands?
- Krugerrands protect the value of your money.
- Krugerrands are easy to store and transport.
- Krugerrands can easily be traded for cashflow worldwide.
- Krugerrands have 0% VAT
- Krugerrands trade at a small premium above Gold price.