Why is the Krugerrand important?

Why is the Krugerrand important?

Krugerrands are gold coins that were minted by the Republic of South Africa in 1967 to help promote South African gold to the international markets and to make it possible for individuals to own gold. 1 Krugerrands are among the most frequently traded gold coins in the world market.

What is the name of the world’s most recognized gold pieces?

The Krugerrand is the world’s most popular gold investment coin. There are more in circulation internationally than all the other gold coins combined. To date, Krugerrand coins containing 48 million ounces of gold have been sold.

What animals are in Krugerrands?

The coin is so named because the obverse, designed by Otto Schultz, bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a springbok, the national animal of South Africa.

How can you tell a fake Krugerrand?

About fakes and counterfeit krugerrand

  1. Fake Krugerrand are more yellow than rosés.
  2. Details are not present in the relief of the buttocks.
  3. Details are not present on the tail. The shoe is bigger. The details in land cover are dispute.

How much is a 1 oz Krugerrand worth?


Name Price Unit
Krugerrand 1 oz 1,808.40 USD per 1 Ounce
Krugerrand 1/10 oz 161.70 CHF per 1/10 Ounce
Krugerrand 1/2 oz 808.50 CHF per 1/2 Ounce
Krugerrand 1/4 oz 404.25 CHF per 1/4 Ounce

What is the most beautiful gold coin in the world?

Saint-Gaudens double eagle
The Saint-Gaudens double eagle is a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. The coin is named after its designer, the sculptor Augustus Saint-Gaudens, who designed the obverse and reverse. It is considered by many to be the most beautiful of U.S. coins.

Which gold coins are the purest?

It was introduced over four decades ago as the second Mint-issued bullion gold coin when the South African Krugerrand was difficult to find. Today, the Maple Leafs are accepted and recognized worldwide as gold bullion coins. With 99.99% gold purity, Maple Leafs are the purest gold coins in the world.

How do I buy real gold coins?

You can purchase gold bullion in a number of ways: through an online dealer such as APMEX or JM Bullion, or even a local dealer or collector. A pawn shop may also sell gold. Note gold’s spot price as you’re buying, so that you can make a fair deal.

Are Krugerrands worth buying?

Each Krugerrand gold coin contains close to an ounce of gold. Because they are valued as gold, you can trust Krugerrands to retain their worth quite well. Although their exact value will fluctuate, it maintains a reasonably high average, $1,275 by some metrics.

Is it worth buying Krugerrands?

Investing in gold or silver Krugerrands can be an excellent investment because the precious metals used to create them has a secure underlying value that has increased in value for thousands of years. That said, before investing, you need to make sure that you: Don’t overpay for Krugerrands.

What’s the difference between American Eagle and Maple Leaf?

In addition to being issued in different currencies by different governments in different countries, the coins are also different karats and come in different sizes. The American Eagle is 22-karat gold bullion and therefore is made of 91.67% gold, 3% silver, and 5.33% copper. At 24 karats, the Maple Leaf is .99999 fine, or essentially pure gold.

Which is bigger an American Eagle or a Krugerrand?

When examined side by side, the different color and lack of details is noticeable but they are a real threat to the unaware and careless. The Krugerrand and the American Eagle are the correct weight and size; the Maple Leaf’s diameter is too big.

What is the reverse side of a Krugerrand called?

Kruger was affectionately known as ‘Oom Paul’ (uncle Paul), one of the highest designations anyone can be given in South Africa. The reverse side of the Krugerrand is a Springbok, South Africa’s national animal. By 1980 the krugerrand accounted for more than 90% of the global coin market and was the number one choice for investors buying gold.

How much is a Canadian maple leaf worth?

In 2007, the Royal Mint even issued Maple Leaf Gold coins with face values of one million Canadian dollars. The American Eagle was not the most popular gold bullion coin when originally produced, but has gained in popularity over the years.