Gold South African Krugerrands
While there are a number of gold coins available on the market, the South African Krugerrand is the original one troy ounce gold bullion coin made by a government and valued on the content of its gold, rather than the face value of the coin.
And Monex, America's premier precious metals investment firm, has been one of the nation's leading dealers in Krugerrands for more than 30 years.
Originally minted in 1967 in an effort to help market South African gold to the international market, the Krugerrand stood alone as an accessible investment opportunity for the everyday buyer...it was the first gold coin to contain exactly one troy ounce of gold, and was intended from its inception to provide a way for the private investor to purchase precious metals.
Additionally, by producing the coin as legal tender in South Africa, the coin was available for portfolio diversification in the United States, which at the time, banned private ownership of gold bullion, but did allow ownership of foreign coins. While the political turmoil that has plagued South Africa over the past 40 years has had an effect on the liquidity of the coin, with the lifting of apartheid in 1994 the Krugerrand has once again regained its status as one of the leading gold bullion coins traded world-wide.
The Krugerrand derives its name from combining the names of Paul Kruger, a well-known Boer leader and local hero who went on to become the last president of the Republic of South Africa, and the "rand" -- the monetary unit of South Africa.
The obverse side of the coin is detailed with a profiled bust of President Paul Kruger and features the name of the country, "South Africa," in the country's two native languages, English and Afrikaans. The reverse side of the coin features the image of a springbok antelope, one of the national symbols of South Africa, originally used on the South African 5-shilling piece. The reverse side also features the year of issue and the fineness of the coin.
The South African Krugerrand is a 22-karat coin weighing a total 1.0909 ounces (or 33.930 grams). It is comprised of one troy ounce of pure gold and 2.826 grams of a copper alloy which is used to give the coins higher durability and to make them more resistant to scratching, and gives the coins a unique orange-gold hue.
The gold Krugerrand has a diameter of 32.6mm, a thickness of 2.74mm, and has a fineness of .9167, or 22 karats.
Monex offers the Krugerrand in units of ten one-ounce coins, for personal delivery only. Today, the Krugerrand is regarded as one of the worlds' oldest and most recognizable gold bullion coins, carrying with it all of the qualities one could want in a gold investment: liquidity, portability and beauty.
Call a Monex Account Representative today to discuss how a gold Krugerrand investment could become part of your investment portfolio.
Monex Account Representatives are normally available between 5:30am and 5:30pm Pacific time, Monday through Friday (except national holidays)...and on many weekends.
Give us a call...give our service a try...and compare our prices. You'll see why Monex has been America's trusted name in precious metals...for over 40 years.