Suisse Gold sells South African Krugerrands produced by the Rand refinery in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz sizes. The most popular size gold Krugerrand amongst those looking to invest in gold is the 1 ounce gold Krugerrand. Gold Krugerrands are available for fast, worldwide delivery or secure vault storage. Larger investors can also purchase wholesale tubes of Krugerrands.
South African Krugerrand Gold Coins
With more than 60 million ounces sold over the previous 50 years, the Krugerrand is the most extensively held and actively traded bullion coin globally. The Krugerrand was created in 1967 by the South African Chamber of Mines and is manufactured by the Rand Refinery which is South Africa's official Mint. It conveys a compelling tale of long-term durability and offers investors an appealing rate of return. Learn all you want to know about the South African Gold Krugerrand's illustrious history with Suissegold.
Rich History of Krugerrand Gold Coins
The history of the South African gold Krugerrand is complicated. The coins were initially introduced in 1967. They helped the country publicize its large gold, precious metal, and diamond reserves. The Krugerrand Series was immediately accessible as the first contemporary gold bullion coin for individual investors. The coins were debuted as a 1 Troy oz specimen containing 22 karat gold.
Although the Gold Krugerrand was initially very popular, its availability began to dwindle in the 1970s due to Western economic sanctions. A minority white government dominated South Africa at this stage in its history. The country's apartheid regime prevented the indigenous black population from acquiring ownership of land, advancing up in society, or fully expressing itself in government.
As a consequence of this system, and in an attempt to end apartheid in South Africa via economic means, Western nations imposed a severe boycott on South African products. While the Krugerrand continued be purchased by investors worldwide, the greater effect was the advent of other gold coins that investors could acquire more readily.
From 1967 until 1979, the sole choice was the Gold Krugerrand. Between 1979 and 1989, however, the 1 OunceCanadian Gold Maple Leaf, United States Eagle, Chinese Panda, Austrian Philharmonic, and British Britannia coins were all introduced to the market as additional gold purchasing alternatives.
Minting History of Krugerrand Gold Coins
When the Krugerrand was first produced in 1967, each year's mintage was restricted. Between 1967 and 1969, the yearly limit was 40,000 coins. In 1970, increased demand for and popularity of the Gold Krugerrand aided in increasing mintage. 200,000 coins were issued in the 1970 issue, increasing to 3 million coins in the 1978 edition. Production was much lower in the post-apartheid years than it was in the 1970s. In 1998, for instance, just 23,277 coins were minted.
The South African Krugerrand Coins Variants
While the South African Gold Krugerrand began as a 1 Troy oz coin, it did not stay that way for long. The Gold Krugerrand was so popular in 1980 that it accounted for 90% of the world's gold coin market. The Rand Refinery enlarged the series in reaction to its success by adding 3 different coins- 1/2 oz, 1/4 oz, and 1/10 oz. All four types are being produced today with a 22-karat, which is around 91.67%, gold content.
Additionally, the Rand Refinery issues limited-edition proof Gold Krugerrands. As previously stated, the primary design distinction between the two is the number of serrations visible on the coin's obverse and reverse sides.
Krugerrand Gold Coins – Design
For many years, the South African Gold Krugerrand coin had the same design motifs on its obverse and reverse sides. Over five decades of manufacturing, the only alteration has been a modernization of the graphics used on both sides. The South African Gold Krugerrand continues to have the following designs:
Rand Refinery – The Production House of Krugerrand Gold Coins
Rand Refinery is undoubtedly the most renowned gold refinery in the world, having processed over 50,000 tonnes of gold since it started in 1921, or roughly 30% of all gold ever produced. The refinery is located in Germiston, Johannesburg, amid the renowned Witwatersrand gold-mining zone.
The 'Rand Refinery' facilities include a smelting operation, a refinery, and equipment producing coins and bars. The refinery's most famous product is perhaps the world-famous Krugerrand gold bullion coin, manufactured in 60 million units since its inception in 1967.
Why You Should Buy Krugerrand Coins
Krugerrands are the simplest and most affordable method to invest in gold bullion directly. For ages, gold has been the preferred investment, acting as a safe haven and hedge against currency loss, as well as a store of value during times of economic distress.
Why would someone consider investing in the Krugerrand? The Krugerrand is a 22 carat gold coin, with the remaning content made from copper. The copper alloy protects the coins from being damaged or disfigured, preserving their worth and credibility. Because the Krugerrand is the only bullion currency that does not have a legal tender value denoted in fiat currency. The South African Reserve Bank guarantees that every Krugerrand tendered will be purchased at the day's gold price.
With Krugerrands, you reach breakeven when the coin's price increases slightly, because the buy/sell spread on the coin is modest. If we compare this to collector's coins, rare paintings, jewels, or antique furniture, the price often needs to increase by more than 50% before the breakeven threshold is considered. As a result, Krugerrands are a good investment, even more so during bull markets. If you are interested in Krugerrands, you can buy them in 1 Ounce and fractional ounce sizes at SuisseGold.eu.