South African Gold Krugerrand

The Gold Krugerrand is the most famous gold bullion coin in South Africa. Due to its timeless design and impressive value, this gold coin has become the first choice among American investors and collectors. Specifically, the Gold Krugerrand was designed to make trading convenient for private investors. However, this coin still holds a superior position in the bullion market.

The Rich History of the Gold Krugerrand

The Gold Krugerrand was originally produced in 1967. After the production of Krugerrands, it became more popular by the end of the 1970s. In particular, Krugerrands, some historical and political reasons cannot be ignored while discussing the great and vast history of Gold Krugerrand.

Regarded as a magnum opus in bullion history, Krugerrands was banned by the white government due to some economic restrictions like apartheid that were imposed in South Africa by the South African Mint. Even the import of Krugerrands was prohibited in the United States in 1985.

From 1967 to 1979, Gold Krugerrands was the focal point in the precious metals market. Nevertheless, after 1979, other players were introduced to the race, such as the American Gold Eagle, Austrian Gold Philharmonic, British Gold Britannia, and Chinese Gold Panda coins.

Over time, a fluctuation has been observed in the trading of Krugerrands. Around 1999, the demand for Gold Krugerrands increased with an annual production level of 6 million. Approximately 50 million ounces of gold Krugerrads were produced. Therefore, based on statistics, approximately 90% of global gold coins are South African Krugerrands.

In this respect, Gold Krugerrands are a suitable investment choice for investors to enhance their portfolio with growth, value, and stability.

How are Gold African Krugerrands Composed?

Gold Krugerrands are made up of 22-karat gold coins. These coins are made with a combination of gold (91.67%) and copper (8.33%). The copper metal is used to provide stability and durability in the design of the coin. Krugerrands contain 1 ounce of gold . Due to its popularity, the South African Mint produced 1/2-ounce, 1/4-ounce, and 1/10-ounce coins.

Design and Structure

The name “Krugerrand” is derived from the name of Paul Krugerrand, a former President of the South African Republic. Another term, "Rand," is taken from the world-famous Witwatersrand gold reef, which is recognized as the largest gold-producing region.

On the obverse side, a classic image of Paul Kruger is imprinted. Moreover, this remarkable coin illustrates the Afrikaans term 'Suid-Afrika' with the English translation 'South Africa'.

The reverse side of the coin demonstrates the icon picture of a Springbok antelope. The antelope is engraved on the coin in the running position towards the field. It was altered by Coert Steynberg in 1984, and it is regarded as a symbol of the modern Republic of South Africa.

Gold Krugerrand as an Investment

Without a doubt, investors are inclined toward gold Krugerrand due to its durability and the value it provides. Krugerrands are easy to store, and these coins allure the interest of private investors and experienced investors who want to diversify their portfolios.

Gold Krugerrand is the foremost choice among investors due to elements like low-to-negative correlation with other assets, positive track record, liquidity of the gold market , and so on.

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Au Bullion is a trusted choice for American investors looking to buy precious metals. We offer high-quality gold, silver, and platinum bullion from renowned mints and refineries. If you are planning to invest in Gold Krugerrand, you can contact AU Bullion. Our competitive prices are updated in real-time and shown in USD. As a leading bullion dealer, we pride ourselves on transparent pricing, ensuring you get the best price in the United States of America.