This is due to the growth of the commodity as well as the devaluation of the Rand against the US Dollar, proving that they are a solid investment and an ideal Rand hedge. Gold Krugerrand coins are named as such because the obverse of the coin contains the portrait of Paul Kruger, the fifth and final President of the prior South African Republic as well as a resistance fighter against the British government. You are probably asking yourself what makes the Krugerrand special or unique. STEP 6: Select the denomination you want to purchase. Krugerrands are the easiest way to start investing in gold bullion and with gold being a safe haven against currency value loss and being a tangible asset, you have excellent security. Invest in Krugerrands & create wealth. The investment company will also manage your investment: ensuring they are vaulted, insured and audited annually. We accept cash or EFT for all Kruger bullion as well as Kruger Proof coins. If you purchased Krugerrands a while ago and would like to know how much they have increased in value since then, we offer a free evaluation service to all our clients. If you take 1967 when the first Kruger run was issued – if you had put R10,000 into Krugerrands then – they’d be worth about R11m-R12m today. Krugerrand was already truly distinctive when it was introduced in 1967. 2017 marks the Golden Jubilee of South Africa’s beloved coin, and The South African Mint has created a 50th Anniversary collection to mark the occasion. The gold Krugerrand is a gold coin minted by the government of South Africa. STEP 7: Choose the quantity you wish to purchase. They are made up of one troy ounce of fine Gold and were minted for the first time in 1967 with the objective of putting Gold bullion into the hand of the man on the street. Krugerrands pioneer enduring value for the decerning investor. Proof editions often trade at significant premiums above their common bullion counterparts and should be handled with care to maintain their condition for collectible value. Krugerrands are the most affordable and effortless way of investing in Gold bullion and because Gold has always been one of the best-performing and most stable precious metals, they offer a very desirable return on investment. They can be easily bought and sold, giving the bearer quick access to cash. 04 Dec 2013. Krugerrands can offer a business owner the benefits of an appreciating asset over time, with the near liquidity of cash in the bank, making this investment option very attractive to a business owner who needs to navigate his options on a daily basis. Composition of Krugerrand Gold Bullion Coins Krugerrands can be purchased over the counter at coin shops, or directly from the Rand Refinery, through an investment company that purchase them at wholesale prices on your behalf. Purity and Composition . Krugerrands remain one of the most successful of all modern bullion issues. Being a business owner means finding the balance between: - investing your capital to… So why is the Krugerrand the perfect investment for a business owner? Click Buy. So allow’s dive into exactly how to buy gold as well as how you can obtain your free gold investors package.. Krugerrands have no face value but are considered to be legal tender in South Africa. There is no VAT payable on the coins and with no FICA restrictions, just about anyone can start investing in the coins. Being a business owner means finding the balance between: - investing your capital to show… This feature allowed the citizens of many countries to own gold Krugerrand coins because they permitted ownership of the foreign currency. The Krugerrand is a South African gold coin that was first minted on July 3, 1967, enabling individuals to own gold and to help market South African gold. When buying you need to factor in the broker commission, which is usually around 7 – 12%. Krugerrand the first and most popular gold bullion coin Originally, there was only one size gold Krugerrand, and that was the 1 Troy ounce coin. Gold Krugerrands were the first gold bullion coins produced in exact 1-ounce size, and sold for simply the spot gold price and a slight mark-up to cover manufacture and distribution. Over the years, however, the gold Krugerrand has been minted in additional sizes to appeal to private investors of all sized pocketbooks, including: The gold Krugerrand, like the United States American Eagle Gold Coin, is 91.6% pure gold, or 22 karat gold (gold is measured in increments of 24 karats). Our video on the Gold Spot Price explains the formula used by the industry. For this reason, we always prefer mixing Krugerrands with a portfolio of coins such as the UK tax free coins – The Sovereign and Britannia. All Rights Reserved. Should you have Krugerrands you would like to buy or sell, please contact us. Where many investment options require a great deal of knowledge, skill and time – the lack of which could run inexperienced investors into trouble – buying Krugerrands is a very easy and cost-effective way to invest in Gold. Krugerrands are the most internationally recognisable and widely traded Gold bullion coins in the world. STEP 5: Select Krugerrands on the Buy menu. Trading in Krugerrands is a simple way of kick starting or growing, your investment portfolio. Krugerrands are another very good investment gift when it … We tend to get worked up about the peaks and the valleys over a relatively short period, but the overall, long-term picture may reveal steady growth. Krugerrands gold coins occur in 4 dimensions – one-ounce, 1/2-ounce, 1/four-ounce, and 1/10-ounce. It’s important to reiterate that both coins contain the same amount of gold – 1 Troy ounce in the case of the main coin size – it is just a matter of whatever else has been added to the mix in addition to this gold content to determine the appearance and hardness of the finished coin. The true measure of any financial portfolio’s merit is it’s historical performance and in this regard, Krugerrands have on average doubled in value every 5 years for the last 50 years. Containing one ounce of fine Gold, the Krugerrand was the first ounce denominated Bullion coin in the world. The current price of a Krugerrand is calculated using the spot price of one ounce of fine Gold and is the minimum amount you should receive for your Krugerrand coin on sale. Gold African can advise and facilitate your investment. However, for those playing by the book who invest £10k or more into gold coins, the last thing you’ll want to do is give almost a third of your profits back in tax. This festive season, instead of buying lots of gifts that sometimes don’t last until the end of January, why don’t you consider investing in a gift that builds wealth? Krugerrands are the most affordable and effortless way of investing in Gold bullion and because Gold has always been one of the best-performing and most stable precious metals, they offer a very desirable return on investment. It is also obtainable in bulk. Investgold is the largest supplier of Krugerrands in South Africa, including limited editions of gold and silver bullion coins/bars. The ability to own foreign currency was a roundabout way to acquire gold. Krugerrand - Minted since 1967, The South African Krugerrand is the most popular and numerous one ounce bullion gold coin in the world and offers a great value way to invest in gold. They offer stability and peace of mind in an uncertain and unpredicted world. If you’re looking for an investment that has shown historical growth over the past 50 years, then Krugerrands are the answer. Other capitalists, may get gold coins, while a lot more innovative or experienced gold capitalists make use of the strategies of using choices on gold futures. There are actually lots of excellent reasons to invest in Krugerrands, and we’re going to go over a number of them below. The Balance uses cookies to provide you with a great user experience. Krugerrands offer a simple and straightforward way for you to invest some of your money into gold, since they are an official gold bullion coin containing 1 ounce of fine gold. There are actually lots of excellent reasons to invest in Krugerrands, and we’re going to go over a number of them below. Otherwise as you mentioned FNB Share Invest has a facility that allows you to buy and sell Krugerrands while they keep custody of your coins. Investing in gold bullion Krugerrand was first released on July 3,1967.The circulation of the first issue amounted to 40 000 pieces of coins stamped with an ordinary stamp and 10 000 pieces of coins stamped with a mirror stamp for collectors. The most desired amid all 4 dimensions of Krugerrands is the 1-oz Krugerrands. This compares to a mintage of approximately 22 million one ounce Canadian gold maple leaf coins, which were first produced in 1979, and approximately 17 million one ounce American gold eagles, which were first produced in 1986. In fact, gold Krugerrand is often far easier to transport, store, buy, and sell than gold bars, making them a preferred form of storage for gold investors. Production began in 1967, making it the first available gold coin in an era when bullion ownership had been effectively outlawed in the United States for decades. The Krugerrand became the first ounce-denominated Gold coin in the world to a carry legal tender, meaning that it could be exchanged for goods or services. You are probably asking yourself what makes the Krugerrand special or unique. Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of … The exception to this bullion ban were coins that had numismatic value. The Krugerrand, the world’s oldest modern Gold bullion coin, is made up of eleven parts fine Gold and one-part Bronze, giving it a lustrous coppery tone. Gold African's pricing page is updated when the market opens at 8 am on business days and reflects the current price you would expect to buy a Krugerrand for. Krugerrands appeal to professional and private investors who wish to make a direct investment in gold bullion, hedge their portfolios against the US dollar or to further diversify their portfolio. Investing in the medium to long term with the Krugerrand is best. By using The Balance, you accept our, Joshua Kennon co-authored "The Complete Idiot's Guide to Investing, 3rd Edition" and runs his own asset management firm for the affluent.Â, Learn the Basics of Investing in Gold Coins, Here's Why Gold Will Drop Below $1,000 Again, Considering the Pros and Cons of Investing in and Owning Gold, Investing in American Eagle Gold Bullion Coins, The Decline of the Dollar vs Collapse and How to Protect Yourself, The Secret Symbols on the Back of the Dollar, How to Invest in Africa, "The Final Frontier". The gold Krugerrand, like the United States American Eagle Gold Coin, is 91.6% pure gold, or 22 karat gold (gold is measured in increments of 24 karats).It means that the coin contains 22 parts pure gold and 2 parts copper alloy, which gives the gold Krugerrand it's distinct orange-gold glow. In the nation of South Africa, the gold Krugerrand is legal tender but, like all bullion coins, the value of the underlying metal far exceeds the face value if used as currency, so this is largely symbolic. Historically, Gold has given local investors good value despite fluctuating financial markets since it is an international commodity which is largely unaffected by local economic and political shifts. These coins have an almost mirrored-like finish and are more valuable than their regular bullion counterparts. With more than 60 Million ounces in circulation, the coin is well known and well treasured. So why is the Krugerrand the perfect investment for a business owner? It means that the coin contains 22 parts pure gold and 2 parts copper alloy, which gives the gold Krugerrand it's distinct orange-gold glow. However, they are not intended to be used as currency. Gold African © 2018. Invest In Gold Krugerrands . If we go to the turn of the century, just after Y2K and you look at the numbers today, it has appreciated by $1,500 and 50% per annum. This is done so that the gold Krugerrand will stand up to wear and tear better than a purer coin such as the Canadian Gold Maple Leaf. Krugerrands are available in fractions – one ounce, one-half ounce, one-quarter ounce and one-tenth ounce weights – assisting in affordability for first-time investors. Krugerrands always have a value based on the price of gold, which may increase or decrease, and they also may have an additional value to coin collectors depending on their rarity and condition. Krugerrand was already truly distinctive when it was introduced in 1967. The 1 oz. The reverse of the Gold Krugerrand coins contains a springbok antelope. When it comes to selling your Gold coins or buying more and increasing your investment, we offer sound, experienced advice and a transparent approach to the pricing of Krugerrands. Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa You can purchase gold coins often if you are intending to invest them in the medium to long-term. You can invest in the full range of Krugerrands through S A Gold Brokers. STEP 8: Review the Quote and accept the … Invest in Krugerrands Top Reasons to Invest in Krugerrands Although many smaller investors are happy to buy gold bullion through exchange traded funds or paper investments, such as certificates, the more secure way to invest in gold is to buy tangible gold bullion … The Popularity of Gold Krugerrands Nearly 50 million gold krugerrands have been produced since 1967, making them the highest produced modern issued gold coin. The 1 oz. Like most gold bullion coins, the gold Krugerrand is released in a special proof edition for coin collectors. That’s a huge appreciation. The full range includes: 1/10, ¼, ½ and 1 ounce. These types of coins have the same intricate design and style. 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