1 Ounce 2024 South African Krugerrand

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2,327.15 EUR

SKU 652e6e562e6bd
Weight 31.105 Grams / 1.000 Oz
Serial Number No
Condition Uncirculated
Packaging Plastic Slip
Manufacturer Rand Refinery

Description

Brand new and uncirculated 2024 South African Krugerrand 1 Ounce Gold Coins.

Produced by the Rand Refinery.

About the South African Krugerrand

The Krugerrand gold coin was first released in 1967 by the Rand Refinery in South Africa. The coin was released as a way to capitalize on the gold mining industry in South Africa, and for the country to monetize the gold. Furthermore, in the 1960s, retail investing in physical gold became quite popular, and even trendy. Krugerrand gold coins were first released in 1967, and were immediately successful. The demand for the coins continued to grow, and by 1979 the Rand Refinery was minting more than 3,000,000 coins annually. 

In 1980 demand for Krugerrands fell sharply due to Apartheid, and the introduction of other gold coins, including the hugely popular gold Maple Leaf. However, despite this the Krugerrand has remained one of the most popular gold coins of all times, and demand for the coin continues to grow. 

Because of the hugely successful market for the gold Krugerrand, the Rand Refinery launched the Krugerrand coin in silver and in platinum in 2017. This was also done to celebrate the 50th anniversary of the gold Krugerrand. Both the silver and platinum Krugerrand instantly gained popularity, and the Krugerrand's popularity in silver has even paralleled that of the Maple Leaf. 

Design of the 1 Oz 2024 Gold Krugerrand Coin

The front of the 2024 gold Krugerrand coin features an image of Paul Kruger, who was president of South Africa at the end of the 19th century. At the top of the coin the words 'South Africa' are written in English and in Afrikaans. The reverse side of the coin  features an image of a famous South African Springbok, leaping through the grass. At the top of the coin is inscribed the word 'Krugerrand'. The bottom of the coin features the coin's weight and purity, and the coin's year of minting, 2024, is located to the left and white of the Springbok image. South African Krugerrand coins are unique in that they are the only gold bullion coin issued by a government mint that doesn't have a legal tender value. However, they are still guaranteed by the government of South Africa, and this was placed into law in 1989 by the South African Reserve Bank Act. 

The South African 1 Ounce gold Krugerrand coin is a 999 fine gold coin. The coin is mixed with copper which acts as an alloy, and gives the coin a slightly more reddish tone than other gold coins. However, this distinct quality of the Krugerrand adds to the coins popularity. 

Why Should I Buy Gold Krugerrands?

Gold Krugerrands are some of the most popular gold bullion coins available to investors today. They are recognised worldwide, and can be purchased and sold easily, due to this worldwide demand. Each coin contains one troy ounce of 999 fine investment grade gold bullion, and coins are sold in uncirculated condition. For experienced investors and novice bullion investors alike, the 1 Ounce 2023 Gold Krugerrand is a great choice to add to a bullion portfolio. SuisseGold.eu accepts payment for gold Krugerrands in any of 20 currencies, including EURCHFUSDGBPAEDAUDNZDDKK and NOK. Cryptocurrencies, including Bitcoin and Ethereum are also accepted. 

For further questions or to sell gold Krugerrands please contact us. 

Purchase price includes free vault storage for one year from the date of purchase.


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