Description
The Krugerrand was first minted in 1967 in order to help market South African gold. The coins have legal tender status in South Africa but are not actually used as currency.
The Krugerrand was the first bullion coin that could be used as legal tender at the market value of its face gold content. Earlier gold coins such as the gold sovereign had a tender value in currency engraved on their face which could differ significantly from their market value.
The Krugerrand was the first gold coin to contain precisely one ounce of fine gold and was intended to provide a vehicle for the private ownership of gold.
Since the Krugerrand is minted from gold alloy that is 91.67 percent pure (22 carats), the actual weight of a “one ounce” coin is 1.0909 troy ounces (33.93 g), to provide one troy ounce of pure gold. The remainder of the coin’s mass is made up of copper (2.826 grams), giving the Krugerrand a more orange appearance than silver-alloyed gold coins. Alloys are used to make gold coins harder and more durable, so they can resist scratches and dents during handling.
These are ideal bullion coin for British investors because they are VAT Free.
This product is a selection of random years coins, determined from our current stock availability.
Mixed year COINS
Mixed year coins are best value coins. We would supply a mixed variety of coins based on availability.
These coins have been circulated and hence may carry some cosmetic wear or marks. This does NOT affect value of gold in the coin, as the value is based on fineness of gold and weight.
We are committed to ensuring the value of gold we supply and hence we put each pre-owned item through rigorous testing. Testing involves checking for weight via calibrated industrial scales and purity using a NITON XRF gun analyzer.
