Category Archives: South African Gold Coins
2018 Brings A New Silver Krugerrand
2018 has been a busy year for the gold market. Just when you thought mints have presented the best products they could another mint launches a surprise. The South African Mint came out with exciting news recently. Every gold bug and gold bullion collector should know the Krugerrand gold coin. The Krugerrand is steeped in tradition and has been regarded as a safer gold investment for half a century. These coins were and still are struck from the best and purest gold. Now, for the first time ever in the history of the South African mint, Rand Refineries and the Krugerrand this iconic coin is being issued as a low-premium silver coin.
The gold Krugerrand coins accounted for 90% of the global coin market in the 80s. There were other coins that did well like the American Eagle and the Canadian Maple leaf gold coins. But these have gone through some serious upheaval whilst the desirability and demand of the Krugerrand remained largely unshakable. The demand for this coin has not waned through the years. To mark the 50th anniversary of the Krugerrand in 2017, the Rand Refinery, the only refinery in the country that produces authentic Krugerrands, made the first ever silver Krugerrand designed to compete with the rest of the silver bullion coins in the world.
The Krugerrand is a sovereign-minted coin that is universally recognised and easy to liquidate. South Africa is not only one of the biggest gold producers in the world but the government backed mint, the Rand Refinery is one of the most reputable in the world. It has processed more than 50,000 tons of gold since its inception in 1920. The Rand Refinery cultivated a fine reputation in the world and is renowned for producing high-quality product. To commemorate 50 years of the Rand refinery’s production of the Krugerrand, the refinery has launched its first ever, 2 oz. silver Krugerrand
The 2018 Silver Krugerrand upholds the legend of the brand. Like its gold contemporaries, the Silver Krugerrand gives investors a way to own bullion for a fraction of the cost. The 2018 Silver Krugerrand was marketed as a low-premium collector’s coin. Investors aren’t just paying for the precious material, but they are investing in something that may be worth something. Because it is a Krugerrand, this silver coin is extremely liquid.
The Rand refinery had not produced silver bullion coins until now. The 2018 silver Krugerrand is the first government-backed silver coin struck by the Rand Refinery. Much like the gold Krugerrand, the silver Krugerrand coin gives investors a great and cheaper way to invest in low-premium bullion. The 2018 Krugerrand is priced slightly higher over the melt value. It is marketed at a premium that is on the same level as the Australian Kangaroo, the Canadian Silver Maple Leaf, the Britannia and the Austrian Philharmonic. This is definitely the coin to procure for serious coin collects and bullion investors alike. Silver has had a great run and more people are looking at the silver bullion market. The 2018 silver Krugerrand is the first of its kind and definitely worth every penny.
Sourced:
- https://www.moderncoinmart.com/info-vault/articles/2018-silver-krugerrand.html
- http://www.samint.co.za/2018-range/
The Krugerrand
Among the more popular gold coins around is the Krugerrand which the South African government issues, the Krugerrand is one of the oldest gold coins issued in the world with a standard gold content or fineness of 0.916. The coin was first minted in 1967 by the South African mint with the sole purpose of marketing South African Gold to the world. The point behind the minting of the Krugerrand was to encourage the private ownership of gold and the plus point of the Krugerrand to those who own is the fact that this particular coin enjoyed the status of being ‘legal tender’. It was the introduction and the success of the Krugerrand that sparked the production of the Canadian Coin (Maple Leaf) towards the end of the 70s (1979) which was followed by the production of the Australian Nugget 2 years later in 1981. Only after a year later did the Chinese Panda arrive in the market a year later followed by the American eagle in 1986. The last in the series was the introduction of the Britannia coin which was introduced in 1987.
Physically the Krugerrand Gold Coin is exactly 32.77 millimetres in diameter with a thickness of 2.84 millimetres. The weight of this popular gold coin is 1.0909 troy ounces which is equivalent to 33.93 grams. The coin is minted from 22 Karat gold which is 91.67 % pure gold with 8.33 % consisting of copper (also commonly referred to as crown gold). The coin was basically named after the statesman Paul Kruger who served as the president of the South African Republic for 4 terms. The coin bears his face on one side and has a depiction of the springbok on the other side (the springbok is one of the many national symbols representing South Africa).
After 1980 the Krugerrand was reintroduced in different denominations besides the 1 oz with the ½ (16.965 grams), ¼ (1.888 grams) and 1/10 (1.35 grams) oz being introduced into the market. Proof Krugerrand can also be acquired in the market; however proof Krugerrand are more of a collector’s item rather than an investment bullion as the prices of proof coins usually have a higher value than gold bullion market price.
Whatever the form that the precious metal comes in, it is without any doubt that it is one of the few commodities in this world through which value in terms of purchase power may be preserved when purchased and stored safely as a long term investment. Investing in gold takes on many forms and the easiest way is to buy gold coins and the African Krugerrand is among the most popular among gold coins that people invest in as the coin is not only a recognised asset, it is also acknowledged for its growth in value with regards to numismatics as some of these coins are issued under ‘limited edition’ series which make them desirable to collectors who quickly drive the prices of these coins up in a bid to own them.
Golden Coins – The Krugerrand
Issued by the South African government, the Krugerrand is one of the most established gold coins issued on the planet with a standard gold substance or fineness of 0.916. The coin was initially stamped in 1967 by the South African mint with the sole reason for promoting South African Gold to the world. The point behind the printing of the Krugerrand was to support the private responsibility for and the in addition to purpose of the Krugerrand to the individuals who own is the way that this specific coin delighted in the status of being ‘lawful delicate’. It was the presentation and the achievement of the Krugerrand that started the generation of the Canadian Coin (Maple Leaf) towards the end of the 70s (1979) which was trailed by the creation of the Australian Nugget 2 years after the fact in 1981. Strictly when after a year did the Chinese Panda touch base in the business sector a year later took after by the American falcon in 1986, toward the end in the arrangement was the presentation of the Britannia coin which was presented in 1987.
If we follow Gold & Silver Buyers Advice, the Krugerrand Gold Coin is precisely 32.77 millimetres in width with a thickness of 2.84 millimetres. The heaviness of this well known gold coin is 1.0909 troy ounces which is identical to 33.93 grams. The coin is printed from 22 Karat gold which is 91.67 % unadulterated gold with 8.33 % comprising of copper (likewise generally alluded to as crown gold). The coin was essentially named after the statesman Paul Kruger who served as the president of the South African Republic for 4 terms. The coin bears his face on one side and has a portrayal of the springbok on the other side (the springbok is one of the numerous national images speaking to South Africa).
After 1980 the Krugerrand was reintroduced in diverse divisions other than the 1 oz with the ½ (16.965 grams), ¼ (1.888 grams) and 1/10 (1.35 grams) oz being brought into the business sector. Confirmation Krugerrand can likewise be gained in the business sector; however evidence Krugerrand are even more an authority’s thing as opposed to a venture bullion as the costs of verification coins as a rule have a higher worth than gold bullion business sector cost.
Whatever the structure that the valuable metal comes in, it is with no uncertainty that it is one of only a handful couple of items in this world through which esteem as far as buy force may be protected when acquired and put away securely as a long haul speculation. Putting resources into gold tackles numerous structures and the least demanding path is to purchase gold coins and the South African Krugerrand is among the most mainstream among gold coins that individuals putting resources into gold buy.
Gold Krugerrand
It is an undeniable fact that gold has been an internationally known measure of wealth since the birth of commerce. Gold has been used as an exchange for commodities; it was in the form of gold bars then. But as the civilisation grew, the invention of currency came, first coins and then bills. Gold Krugerrand is a South African gold coin which was first introduced in 1967. The term Krugerrand is derived from “Kruger” the name of the man illustrated on the coin and “Rand” the South African unit of currency. The gold Krugerrand was made to help market South African gold. Gold Krugerrand is the pioneer of gold bullion coins. It became popular and successful to gold buyers by 1980 gaining 90% of the gold coin market. Due to its fame and success many nations followed its lead, thus the birth of Canadian Gold Maple Leaf (1979), Australian Nugget (1981), American Gold Eagle (1986) just to name a few.
Most Krugerrand coins were produced as a limited edition or collector’s item coins. Gold buyers say that Krugerrand is an excellent way to invest in gold. With the growing recession and the decreasing value of dollar, the monetary preference of the world is also changing; good thing gold is a precious gem that has never lost its value through the years. Luckily, South Africa is the largest global producer of gold, which made it a lot easier for Krugerrand to conquer the world of gold coin market. Krugerrand paved way for people to buy and sell without the inconvenience of the heavy and old-fashioned gold bars.