10pcs Gold Krugerrands Set

The 1 oz Gold Krugerrand Bullion Coin was introduced in 1967 and accounted for about 90% of the Gold Bullion Coin market by 1980. Designed to circulate as a medium of exchange in place of a paper currency, the Gold Krugerrand Bullion Coin was minted in 22 karat gold instead of 24 karat gold to make them more durable for circulation and trade. The Gold Krugerrand Bullion Coins are legal tender and unlike other types of assets and commodities, are extremely liquid.

While numerous world mints have introduced various gold bullion coins onto the market in the past couple of decades, the South African Gold Krugerrand coin remains the most well known and popular gold bullion coin. Gold Krugerrands have no legal face value – they are traded and priced solely on the spot price of gold and current market premiums over spot. The success of the 1 oz Gold Krugerrand Bullion Coin inspired the minting of other legal tender coins including the Canadian Gold Maple Leaf, the Austrian Gold Philharmonic, and the American Gold Eagle.

The 1 oz Gold Krugerrand is 22 Karat gold with one ounce of gold content per coin. Gold Krugerrands weigh 1.0909 ounces and have 2.826 grams of copper alloy mixed in to give the Krugerrand more durability and resistance from scratches or dents.