In 1920, the Rand refinery was built in Germiston and gained worldwide renown as the one-and-only minter of the Gold Krugerrand. The coin has established the foundation for the modern bullion market. You can’t go wrong with this unique gold coin as an investment and a piece of financial history. It won’t be hard to sell since its unique reddish shine is recognized worldwide. So, let’s explain in detail all the important aspects of the Krugerrand gold coin:
About Krugerrand Gold Coin
The iconic coin has gained global recognition and was first struck in South Africa.
- The combination of 91.67 percent pure gold and 8.33% copper in this coin’s alloy composition gives it durability and helps it stand out with its vibrant red color.
- Each coin contains exactly one troy ounce of gold, they are a popular and straightforward method to engage in the precious metals market.
- This bullion is a tribute to the king of South Africa. Therefore, it is named on his behalf and the ruling period of the majesty from 1883 to 1900.
The Physical Aspect: Obverse and Reverse Side
- On the front side of the coin is a portrait of “PAUL KRUGER,” while on the other is a “SPRINGBOK,” the national animal of South Africa.
- Above the springbok, the name of the coin and a description of the gold content are inscribed.
Why Should You Invest in Krugerrand Gold Coins?
Buying Krugerrand gold coins offers many solid benefits as an investment:
- The Krugerrand’s ever-present allure and impeccable standing among investors and collectors have guaranteed their everlasting popularity.
- All throughout the globe, people are using these currencies for all sorts of transactions, which are quite liquid.
- The consistent weight and gold-copper alloy composition of these coins make them an ideal choice for anybody who wants to acquire gold physically.
- Combining copper and gold makes a Krugerrand more durable than a pure gold coin. Its durability factors make your investment a secure deal.
- The first Krugrerrands gold bullion coin, issued to the globe in 1967, makes it historically significant.
- Their premiums are often lower than those of other gold coins, which appeal to many investors.
- Adding this bullion to your investing portfolio is a great way to diversify your risk. In such a way, you can protect yourself from economic unpredictability.
- These small and lightweight gold coins make them convenient for storage and transportation. This gives investors peace of mind.
Apart from the 1 oz, this refinery collection is available in several sizes:
- 12 oz
- 1/4 oz
- 1/10 oz
Gold has historically maintained its value as a hedge against price increases and economic uncertainty.
How to Grab A Great Deal of Krugerrands gold coin?
Ensure to choose a reliable source for the purchase. You can get their Google rating, customer testimonials, or other sections from where you can easily get an idea about their authenticity. Because investing in gold coins is not a small investment; it’s quite a precious thing to buy. So, make sure to buy it from a reputable source. Apart from this particular bullion, you can also explore a variety of other options, whether you want different denominations or different mint production. Let’s discuss the rest of the points in detail:
- Look for a bullion exchange or dealer with a history of satisfying customers and a reputation for dependability.
- Shop around to get the best bargain on Krugerrand gold coins by comparing prices offered by various merchants.
- Before buying Krugerrands, be sure they are available in the amount and quality you want.
- Ask about their accepted payment methods, including cash, credit card, or wire transfer.
- Ensure your investment is protected during transit by inquiring about shipping choices and insurance coverage.
- Ask the dealer about safe options or decide to keep the Krugerrands alone.
After you’ve entered your payment and shipping information, you may wait for your Krugerrand gold coins to be delivered. Authentic mints maintains the utmost safety and security standards for delivery so that you receive the order intact. It is advisable to get familiar with their delivery standards and accountabilities carefully.
Wrapping up
The rarity, historical significance, and unique design of the Krugerrand gold coin have made it a great investment option. Just make sure to consider a reputable source for purchasing. Otherwise, you might encounter some authenticity trouble later on.
