| Quantity | Check/Wire | Credit Card |
|---|---|---|
| 1 | $20,977.80 | $21,607.13 |
| 2 - 4 | $20,926.25 | $21,554.04 |
| 5 - 9 | $20,874.71 | $21,500.95 |
| 10 - 19 | $20,823.17 | $21,447.87 |
| 20 - 49 | $20,771.63 | $21,394.78 |
| 50 + | $20,720.08 | $21,341.68 |
| Quantity | Check/Wire | Credit Card |
|---|---|---|
| 1 | $2,102.22 | $2,165.29 |
Gold South African Krugerrand Coins
What to Know Before Ordering
1 oz Gold South African Krugerrand Coins at a Glance:
- 1 troy ounce of .9167 gold
- 1.28 inch (32.6 mm) diameter
- First bullion coin to be issued legal tender status
- Sold individually or in units of 10 coins
Contact us today for more information about buying 1 oz gold Krugerrand coins. Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
1 oz Gold South African Krugerrand Design and Specifications
While there are a number of gold coins available on the market today, the South African Krugerrand holds the distinguished honor of being the first one troy ounce gold bullion coin issued as legal tender by a government and whose intrinsic value is based on gold content rather than the face value of the coin. One of the most highly regarded and recognized gold bullion coins in the world today, the Krugerrand offers liquidity, portability and beauty to an investment portfolio.
The Krugerrand derives its name from combining the surname 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," a South African monetary unit.
The gold Krugerrand's obverse side features a profiled bust of its namesake, President Paul Kruger, and the word "South Africa" in both English and Afrikaans, the country's two native tongues. The reverse side depicts a springbok antelope, the year of issue and the coin's fineness.
The 1 oz South African Krugerrand is a 22-karat gold coin weighing 1.0909 ounces. Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. The gold Krugerrand has a thickness of 2.74mm thick, a diameter of 32.6 mm and a fineness of .9167.
People Also Ask
What is a Krugerrand?
First minted in 1967, Krugerrands are legal tender gold coins produced and issued by South Africa. This coin weighs 33.93 grams, or 1.0909 troy ounces of 22-karat gold. It contains one troy ounce of pure gold along with an alloy of 2.826 grams of copper. Krugerrands have a diameter of 32.6 mm, a thickness of 2.74 mm and a fineness of .9167.
Is the Gold Krugerrand the oldest bullion investment coin?
The oldest Gold Krugerrand bullion coin is dated 1967 and generally considered to be the oldest of the legal tender gold bullion coins. This designation assumes that it was struck with exactly one troy ounce of pure gold and issued as legal tender without a fixed currency amount, but redeemable by South Africa's central bank at the current value of one ounce of gold.
However, Austria issued 100 Corona restrikes after the 2016 death of Franz Joseph to commemorate his reign. All those Corona commemoratives were dated 1915, which became a marketing advantage as they circumvented United States law prohibiting possession of gold from 1933 through 1974.
What is the cost of a Krugerrand to purchase?
The purchase price of a South African Krugerrand is at the Monex Ask price. In addition, there are charges such as commission and shipping. There is no shipping charge if you select depository delivery. Today's Ask price per one ounce coin for buying in units of ten is: $2,061.70.
What is the difference between a Krugerrand and a Cougaran?
For some, the South African Gold Krugerrand is not well known and it is common to see the coin referred to as Krugerand, Kruggerrand and Cougaran. The longstanding Krugerrand brand name has not changed since its inception in 1967.
What is the best place to sell Gold Krugerrands?
Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your gold Krugerrand investment. Please contact a Monex account representative for additional details.
Can I purchase Krugerrands in my IRA?
Krugerrands are not available for purchase in your gold IRA. Although they are a legal tender of a foreign government, they are not pure .999 fineness bullion coins. Krugerrand are just 22 karats or .9167 fine gold.
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