Saturday: 10:00am – 2:00pm. If you’ve got a 1oz gold Krugerrand you’ve got a known quantity. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. The reverse features an image of an antelope, the date that the coin was minted, the gold weight of the coin, and the word “Krugerrand” in all capital letters. All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States. Why Buy South African Gold Krugerrands? The antelope is also found on South African five-shilling pieces. No gold bullion coin in the world has a richer history than the South African Gold Krugerrand. That ended in 1991 with the lifting of the sanctions, and once again the Krugerrand became one of the most popular gold bullion coins among Americans. U.S. Gold Krugerrands have been minted since 1967. The Beginning of South Africa’s Modern Gold Coin. 12-16-2008, 01:39 PM #2. Krugerrand 2 Oz Emk. 2019 1 10 Ounce South African Krugerrand. Thickness: 2.85 MM, .112 Inches It is known for its durability (from gold alloy), iconic design, and high gold purity. While gold investment-grade coins are now, seemingly, a dime-a-dozen for buyers, there was a time when the Gold Krugerrand was the only choice when buying gold coins for private investment. Gold has often provided insurance against the 'unexpected', currency devaluations, severe downturn in stocks & shares, national crises and economic uncertainties. It was not illegal for US citizens to purchase foreign coins, no matter what metals were used. South African Krugerrands are a low-priced, high-quality gold bullion coin … As consciousness of South Africa’s Apartheid policies grew, the Krugerrand suffered from diminished interest; especially as new competitors entered the market. Why Are Krugerrands Valuable? By 1980, the Krugerrand had captured 90% of the world's gold coin market - and it has been estimated that, between 1974 and 1985, the United States imported 22 million gold Krugerrand coins. It was minted in a copper-gold alloy more durable than pure gold. As a result, older Krugerrands from the same year sometimes have different colours. There are more Krugerrands in circulation than all the other gold bullion coins combined. Enter your email address and we will send you a link to reset your password. As such, the Canadian government filled the void when it introduced the 24-karat Canadian Maple Leaf Gold coin in 1979. While these coins were once considered illegal due to growing sanctions over South Africa’s apartheid policy, those sanctions were lifted with the abolition of apartheid in 1994. While apartheid made it illegal to import the Krugerrand to many Western countries during the 70s and 80s, it continued to have a large demand in the East, with countries such as Iran, Turkey, Thailand, Hong Kong, Taiwan and Latin America. Buying Krugerrands during these times could be seen as approval of the practice, and so some Western countries such as Great Britain made the Krugerrand an illegal import during these times. By 1980 the Krugerrand accounted for 90% of the global gold coin market. Why were the offices of the Liberty Dollar raided this past year? Economic sanctions, due to the apartheid, made the importing of the South Africa Gold Krugerrand illegal but this ended in 1991, when South Africa abandoned the apartheid. World Coins That being said, the largest mint run the coin ever experienced occurred in 1978 when more than six million gold Krugerrands were produced by the South African Mint. Made with .9167 fine gold (22k), the Krugerrand is a universally recognized gold coin. Krugerrands are an alloy of 91.67% gold and 8.33% copper. These particular coins have also been mentioned in American films and television programs like “Archer,” “Arrested Development,” “NewsRadio” and “Lethal Weapon 2.”. The Krugerrand once accounted for 90 percent of all gold coins in circulation and is responsible for other nations’ decisions to mint their own gold coinage, including the United States and Canada. If you are considering a South African Krugerrand for your coin collection, Provident Metals has a wide Krugerrand selection. krugerrands are 91.67% gold and Buffalos are 99.99% gold. Gold has often provided insurance against the 'unexpected', currency devaluations, severe downturn in stocks & shares, national crises and economic uncertainties. These coins are minted by the South African Mint, located within Centurion, South Africa. Foreign Exchange Half Dollars These 1 oz coins are known by many to be a solid investment, while also being a popular collector’s item. Subscribe to our newsletter to receive exclusive discounts and industry news. The South African coin encouraged the private ownership of gold. Copper accounts for the remaining 8.33 percent of the coin’s metal content. If you cannot legally own gold (other than jewelry), what is the punishment for owning gold bullion or krugerrands 4.) Exonumia However, they cannot be included in precious metals IRA’s. Also, does anybody have a comprehensive list of 1 oz. © Copyright 2021 Provident Metals Corp. All Rights Reserved. 400 Frandor Ave. As demand for gold bullion soared in the mid 1960’s there were few options available to the individual investor. For many years South Africa was the world’s leading gold producer. How much is a krugerrand worth in us dollars today sa kruger traders we and krugerrands krugerrand wikipedia 1 ounce krugerrand south africa numista south africa 1 oz gold krugerrand random year coin online. Read more. This is especially true during times of weak economic performance. Beyond its obvious country of origin and primary material, the gold Krugerrand was first minted in 1967 as a means by which South African citizens could own gold. Parties interested in acquiring or selling a collection of these particular gold coins within the States have both internet and brick-and-mortar options for purchasing. The country came under international economic sanctions. In the UK all investment gold is VAT free. All of this was in spite of many Western countries making the Krugerrand an illegal import. Join the Ron Paul Revolution! The South African government would benefit from the sales of its gold and investors would have a hedge against economic collapse. Prior to 1967, the year that the coin was first minted, Verwoerdburg was known as Lyttleton. As consciousness of South Africa’s Apartheid policies grew, the Krugerrand suffered from diminished interest; especially as new competitors entered the market. The South African Krugerrand could be sold at a mere 5% over the current price of gold. Read more. I still come in several times a year to pick up one of the monthly special offerings." Additionally, “Krugerrand” is trademarked by Rand Refinery Limited. Ultimately, the United States banned the import of Krugerrands in 1985. Krugerrands are still preferred by many people who were active buyers of gold in the 1970’s due to their familiarity with the coin. On just about every site I’ve checked, Libertads were more than Eagles, Krugerrands, Philharmonics, Maple Leaves, etc. People invest in them to diversify their portfolios and hedge against inflation. Actual Gold Weight: 31.10 grams, 1.00 oz. They've been minted since 2017 and are available in bullion and proof varieties. If you are interested in purchasing South Africa Krugerrands, please call one of our traders at 800-527-2375 for up to the minute pricing information. Getting ahold of Krugerrands may be difficult, however, as the South African Bank imposes hefty fines on South African residents looking to export Krugerrands. The animal’s name comes from a combination of the Afrikaans words for “jump” and “antelope/goat.” This animal is the only species within the Antidorcas genus of bovines. All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States. Coin has also been minted with less-pure gold in half ounce, quarter ounce, quarter ounce, ounce... Beginning of South Africa ’ s gold different colours Krugerrand is 91.67 % gold investors. 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