Gold South African Krugerrand Coins

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.

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.

The 1 oz Gold Krugerrand contains one full troy ounce of gold and is struck in 22-karat gold, or .9167 fine. The remaining metal is primarily copper, which adds durability and gives the coin its distinctive reddish tone.

Introduced in 1967, the Gold Krugerrand was the first modern gold bullion coin created specifically for private gold ownership. It played a major role in establishing the global bullion coin market and is still one of the most widely recognized gold coins in the world.

Gold Krugerrands are minted by the South African Mint and refined in partnership with Rand Refinery, one of the world’s largest precious-metals refiners.

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.

Yes. Monex offers a two-way market for Krugerrand gold coins. To sell, call a Monex account representative. Once the coins are received and verified, the sale price is agreed upon and payment is issued.

No. Although Krugerrands are .9167 fine gold rather than .9999, the 1 oz version still contains one full ounce of gold. They are widely recognized and actively traded in global bullion markets. Resale value is based on gold content and current market pricing rather than purity alone.

Standard Gold Krugerrands are primarily considered bullion coins and are valued based on gold content and market price. Certain limited-mintage or proof versions may carry additional collector interest, but most trade based on bullion value.

The Gold Krugerrand is struck in .9167 fine gold and contains one full ounce of gold in the 1 oz version. The American Gold Eagle is also .9167 fine and alloyed for durability, while the Canadian Gold Maple Leaf is .9999 fine gold. All are widely recognized bullion coins, and pricing differences generally reflect market demand rather than gold content alone.

No. 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.

Most IRA-eligible gold coins must contain .995 fine gold or better. Gold American Eagle coins are an exception as they are explicitly approved for IRAs regardless of their fineness. For a full list of IRA-approved gold coins available through Monex, visit our IRA page or contact an Account Representative.

Monex does not offer gold bars or gold coins at a spot gold price. The true spot gold price is merely a benchmark per-ounce price for gold, not a price for a particular product, and is a reference price associated with the present month of the COMEX futures contract. In fact, a genuine spot gold price is not truly a quote at all, because it is not where dealers offer to buy or sell, which are their ask and bid prices. Monex makes a market for buying and selling quoted as “Ask” and “Bid” prices. Ask prices for gold products reflect competitive marketplace conditions for a particular type of gold investment item. There are, however, charges that accompany transactions, which include buy/sell charges, shipping or storage fees depending if the customer chooses home or depository delivery. Monex quotes extremely competitive prices for gold bullion depository delivery. Monex publishes buy/sell commission charges, which depend on the size of a transaction. For greater transparency, the Monex marketplace is quoted live online on its Live Prices page or through the powerful Monex Bullion Investor smartphone app available for both Apple and Android smartphones.

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: $4,597.00.

It is easy to confirm that Monex offers some of the best prices on Gold South African Krugerrand coins by comparing our prices with those of other dealers. But what sets Monex apart is that we also feature transparent pricing. We publish both ask and bid prices on our website. That “spread” – the difference between our “ask” and “bid” prices – tends to be far less than many other dealers. We also offer lower Atlas Preferred Prices on purchases made with the Monex Atlas Account on several of our bullion bar and coin products. Call us today to learn more about Monex’s pricing advantages.

Gold Krugerrand coins are packaged securely and shipped via insured, secure carriers. Tracking information is provided once the shipment is released.

All gold coin shipments to you are insured against loss or damage in transit, whether delivered to your home or to a depository. If you decide to have your Gold Krugerrand coins delivered to and stored by a bank/depository, it remains fully insured while in storage as well.

Monex can arrange secure storage for your 1 oz Gold Krugerrand investment. We will deliver your gold coins with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers. When your metal is received by the third-party depository, the facility's custodian will send you a document acknowledging receipt and verifying that you are the owner of the Gold Krugerrand coins being stored.