Our process time can very depending on order backlogs. Q: My father had me buy gold in the 1980s. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the design of the Krugerrands themselves, though the inscriptions are altered. Size. But you need to visit bank during the official timings to buy stamps. Your gold, your legacy. Krugerrands remain favorite gold coins for buyers seeking to buy bargain bullion gold. Buy Gold Krugerrand Coins. There are many out there but I recommend one that has an A+ rating with the BBB. In 1970, the number rose to over 200,000 coins. What is the Difference Between a Coin’s Price and its Value? [15] Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. Krugerrands are the most globally recognisable and extensively traded gold coins in the world. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Coin Collections: Beginner's Guide to Coin Collecting. They don't want competition to Federal Reserve Notes. Krugerrand investors should consider that when one desires to liquidate their Krugerrands for cash, exiting the investment is as important as entering the transaction. Approach the gold dealer of your choice. KRUGERRAND . Comments. Foreign residents visiting South Africa may take up to 15 Krugerrands with them from South Africa, provided they can prove that they were purchased using foreign currency brought into the … If you are wondering when to sell your Krugerrands keep an eye on this page and when the time is right we are happy to buy any quantity of Krugerrands, from a single piece upwards, without limit. Shop by category. Enquire about or browse our coins today. What are the Advantages of Buying PCGS Graded Coins? The Krugerrand's actual weight is 1 1⁄11 troy ounces (34 g). 2019 1 10 Ounce South African Krugerrand. 1 oz. More than one million coins were produced in 1974, and in 1978 a total of six million were produced. If you are wondering where to value and sell your krugerrands, you have come to the right place. If you would like to collect, sell or buy Krugerrands, you can trust City Coins to provide you with a personalised service and a level of expertise that has been manifested over decades of experience. The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. To check if we have recieved your details use our chat widget for almost instant replies. STEP 8: Review the Quote and accept the Terms and Conditions by checking the box. Krugerrand 2 Oz Emk. Beyond this, our specialty is buying and selling Krugerrands.. Krugerrands were created as a way for the public to own gold bullion, and their value is directly linked to the Dollar Gold Price.This makes buying Krugerrands ideal for aspiring investors interested in entering the gold coin market. 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. We are the Largest Krugerrand Dealer in South Africa. GOLD: $1,295 per oz R14,49 (R/$ Exchange) KRUGERRANDS: WE BUY AT: 1 Ounce. These popular gold coins also appears closer to an orange shade than coins alloyed with silver. ½ oz. It has only gone down in price since then. The coin is so named because the obverse, designed by Otto Schultz,[20] bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. Composition and Design. [24], In the 21st century, Krugerrands have received media attention in the United States after anonymous donors have left the valuable coin in the Salvation Army's annual "Christmas Kettle" donation jars in various cities around the country. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. 1980 was also the year the South African Mint decided to add other fractional coins: half, … R2,850-00. [25][26][27][28], Reagan Bans Imports of S. Africa Krugerrand, "KRUGERRAND LUSTER DIM FOR LOCAL COLLECTORS", Yearbook of the United Nations, Volume 45, "Most South African Sanctions Lifted: ML&B White Paper - Morgan Lewis", "Bush Lifts a Ban on Economic Ties to South Africa", "Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand", "Gold Krugerrands: Buying gold coins - 17 August 2007", "Why the Krugerrand Is the King of Gold Bullion Coins", Financial surveillance and exchange controls FAQ, "Salvation Army of Tallahassee receives rare South African Krugerrand coin", "Krugerrand dropped into Salvation Army kettle", "For fifth year in a row, mystery person drops a gold coin in Salvation Army kettle", "Gold Krugerrand appears in a Salvation Army red kettle", Gold Ounce (1 oz) Krugerrand, Coin Type from South Africa, https://en.wikipedia.org/w/index.php?title=Krugerrand&oldid=991321833, Articles with unsourced statements from November 2015, Articles with unsourced statements from July 2015, Creative Commons Attribution-ShareAlike License, 1984 by Coert Steynberg - A springbok antelope with the mint date in the field. Sell Krugerrands to us Onlygold did business at the same location for more than sixteen years. This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. Request a no-obligation phone call from one of our investment experts. Coin Collecting Software: What It Is and Is It Worth It? The company was established in 1980 and later bought Bickels Coins which was established in 1964 and incorporated it into the existing operations. Valuable, yet easy to transport and store anywhere. [4][5], Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. Google them. A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. The Krugerrand is 32.77 millimetres (1.290 in) in diameter and 2.84 millimetres (0.112 in) thick. Unlike other bullion coins, the Krugerrand was given the status of currency or legal tender. However, gold prices may well be $700 per ounce, giving the family a sizeable return on the investment if they decide to sell the krugerrands. Is this a good time to sell gold Krugerrands? Identifying US Coins With Bullish Features, Starting a Coin Collection for Your Children, Coin Collecting Opens The Door To The Past, The Coin Collecting Handbook: What You Need To Know. Enquire about or browse our coins today. R3,420-00. Our website uses cookies to improve your user experience. Krugerrand gold coins contain exactly one troy ounce of gold. Krugerrand gold coins contain exactly one troy ounce of gold. R7,130-00. On the reverse side of the Krugerrand is a springbok, South Africa's national animal. The key to successfully selling Krugerrands, and to getting the most value from them, is to know how the gold market is faring. If you are wondering where to value and sell your krugerrands, you have come to the right place. Some companies charge even more. ¼ oz. The Krugerrand was first minted in 1967. Quantity. Click Buy. [14], The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). Internationally recognition – It’s one of the world’s leading brand names and only issued in South Africa. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. Please enter your details in order to Buy or Sell krugerrands. We would appreciate your feedback. Buy Bullion Krugerrands . Once we receive your gold, we’ll send you a quote within 24 hours. The Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. In fact, no coin collection is complete without some of these hardy and valuable gold coins. Please enter your details in order to Buy or Sell krugerrands. To track gold coin prices, Kitco's world leading website is a great source for live gold prices and gold market information. You can sell Gold Krugerrand Coins and other precious metal products securely and profitably with Kitco. KRUGERRAND . Request a callback from an expert. Where can I buy and sell South African Gold Krugerrands in the United States? Buy or Sell. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Please enter your details in order to Buy or Sell krugerrands. STEP 5: Select Krugerrands on the Buy menu. Is this a good time to sell gold Krugerrands? Do you have questions regarding this product? Immense Seasonal Buying Opportunity in Gold, Silver & Platinum Is Upon Us. Apply Now. Production levels of Krugerrands have significantly varied since its introduction. R14,260-00. The legend is inscribed with ", This page was last edited on 29 November 2020, at 13:13. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. By 1978, there were 6 million South Africa Gold Krugerrands being produced and by 1980, this coin reigned 90% of the global gold market. Like any investment, buying gold krugerrands is never a “sure thing.” When the man dies, gold may be priced at $150 per ounce, meaning that the family will have lost money on the investment. Krugerrand Wikipedia. As on Thursday, 22 August 2019. But selling Krugerrands does require some research to ensure you make a satisfactory profit. [14], During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide. Does banks sell stamps? To sell your krugerrands you select the sell button ( or widget or whats app line) and input your details with the amount you want to sell and once we recieve your request we will find the best price for you. Certain banks are also authorised to trade Krugerrands. We buy and sell authentic Krugerrands for sale. R7,920-00. This is good for the new investors in gold, especially if you do not know of any broker or dealer of gold coins yet. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. By 1980 the Krugerrand accounted for 90% of the global gold coin market. [9], Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. The Krugerrand is known today to millions of people all around the world and has been one of the top choices for investment for years. Do you have questions regarding this product? The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. Selling Krugerrands is Quick & Easy including Same Day Payment. Coin Dealers and banks around the globe know it, and it can be bought and sold easily. The Krugerrand was first released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. R 9,380. Free Storage Terms & Conditions. To check if we have recieved your details use our chat widget for almost instant replies. Krugerrands are considered legal tender in SA, ... to sell oil in terms of dollars and to buy US bonds with the ... the lender of last resort, for international Central Banks. KRUGERRAND . The remaining 8.33% of the coin's weight of 1⁄11 ozt (2.828 g) is copper (an alloy known historically as crown gold which has long been used for British gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. The South African coin encouraged the private ownership of gold. You can purchase South African Krugerrands from our online shop at excellent rates based on current gold spot price: Browse our range of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz Krugerrand coins to find the right match for your stock profile. (Krugerrands ar Sell Coins About The Coins ... Krugerrands bullion and proofs, and ZARs for over 45 years. These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. *Terms & Conditions click here . Per tube a no-obligation phone call from one of our investment experts the desired number serrations. 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