Get your Gold Krugerrands now
The Gold Krugerrand is one of the most popular bullion coins in the world, with over 50 million being sold as of 2018. What makes it so appealing to investors is that each coin contains one full troy ounce of gold. Additionally, Krugerrands are made up of 91.67% gold, certainly making them more durable than other types of gold coins. Because of their popularity, these coins are produced by several different mints across the world.
The Krugerrand is a great investment
However, the South African Mint is the only mint that produces Krugerrands that are legal tender in South Africa. So, if you're looking for a solid investment that will hold its value over time, these gold coins are a great option to consider. Gold has long been known as a safe haven for individuals looking to protect their wealth against the loss of money due to inflation, economic and political uncertainty, or war.
How do you identify Gold Krugerrands?
The Krugerrand is a South African Gold coin that was first minted in 1967. The name comes from a combination of the Afrikaans word for "crown" and the surname of the former South African president, Paul Kruger. Presently, the Krugerrand is produced by the South African Mint and is comprised of an alloy of copper and gold. Also, each coin weighs a total of 1.0909 Troy ounces, of which one Troy ounce is 24 karats of pure gold (.999). Moreover, the copper alloy makes the coins highly durable and scratch-resistant. It also gives it their signature orange-gold hue. The Krugerrand is legal tender in South Africa and are typically available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes.