We buy and sell Krugerrands at competitive prices. Minted by. However, you can also sell your authentic Krugerrands to banks and other institutions. Free callback. *Terms & Conditions click here . The reverse depicts a springbok, the national animal of South Africa. Krugerrands remain favorite gold coins for buyers seeking to buy bargain bullion gold. Sell Gold – Bars, Coins and Krugerrands Find Firms that Sell Gold – Bars, Coins and Krugerrands Buying up and storing gold for the rainy days have always been a popular type of investment and even in modern times, it is still preferred as a currency-alternative way of saving. KRUGERRAND . They don't want competition to Federal Reserve Notes. The Krugerrand (/ˈkruːɡərænd/;[1] Afrikaans: [ˈkrœjərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. But, one I am willing to take. Krugerrand Wikipedia. Gold 1oz Krugerrands contain one ounce of gold; Our choice of year - all worth the same when you sell; Rand Refinery. These bullion rounds are not offered by the South African Mint or the Government of South Africa, and are therefore not official, have no legal tender value, and cannot technically be considered coins. STEP 9: Click Finish to complete the purchase. Your gold, your legacy. 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. But, I agree, storing them at home is indeed a risk. But you need to visit bank during the official timings to buy stamps. New Krugerrands are issued by the South African Reserve Bank (SARB). 35.84 Buy; Sell; Charts; Latest Post The Hare and The Tortoise Story. Google them. Difference Between a Coin’s Price and its Value? Coin Collecting Software: What It Is and Is It Worth It? Durable/Portable – They are hard enough to resist normal scratching and bumping, because of its composition of 22-carat gold. Our vast global network of collectors and associates further ensures that we are the superior choice in … Krugerrands are considered legal tender in SA, ... to sell oil in terms of dollars and to buy US bonds with the ... the lender of last resort, for international Central Banks. Production levels of Krugerrands have significantly varied since its introduction. We are buying Krugerrands daily because they are currently increasing in value!If you happen to own one of the gorgeous coins, you could get a large amount of money, but only if the coin is in decent condition. But, one I … The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). R3,420-00. Read more. Buy or sell Kruger Rands on auctions or at fixed prices. The United States which had historically been the largest market for the coin, banned imports in 1985; the previous year, over US$600 million of Krugerrands had been marketed in that country. Click Confirm to proceed. Most big companies sell 1oz Krugerrands between R19k and R23k today. Use our gold value to get an immediate estimate price today. The coin is so named because the obverse, designed by Otto Schultz,[20] bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. Krugerrands were never assigned the value of a South African rand (ZAR). Q: My father had me buy gold in the 1980s. If you continue browsing, we assume that you consent to our use of cookies. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin. This coin was … Sell Krugerrands - Up to £1356.06 - The UK's No.1 | BullionByPost ®‎ United Kingdom Where can I buy and sell South African Gold Krugerrands in the United States? Valuable, yet easy to transport and store anywhere. Our process time can very depending on order backlogs. For that purpose, please find our contact info in the legal notice. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. 1 Oz Silver Krugerrand Value Melt. Free callback . We are the Largest Krugerrand Dealer in South Africa. The Krugerrand is known today to millions of people all around the world and has been one of the top choices for investment for years. Identifying US Coins With Bullish Features, Starting a Coin Collection for Your Children, Coin Collecting Opens The Door To The Past, The Coin Collecting Handbook: What You Need To Know. Request a callback from an expert. Krugerrands offer a simple and straightforward way for you to invest some of your money into gold, since they are an official gold bullion coin containing 1 ounce of fine gold. The South African Reserve Bank has authorised Rand Refinery Ltd., the world's largest single-site gold refining and smelting complex, as the sole entity to sell Krugerrands from … Gold Krugerrands are designed to be durable and are therefore .9170, or 91.7% gold, with the remainder being copper. We make a market in Krugerrands and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware. You can verify the resale price of a Krugerrand by checking the current Gold Price.The spot gold price is quoted in US Dollars and is then converted at the current ruling Rand/Dollar exchange rate. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. [citation needed] On the occasion of the 50th anniversary of the coin range, fractional sizes of 1/20 and 1/50 oz were also added. Our process time can very depending on order backlogs. KRUGERRAND . The South African coin encouraged the private ownership of gold. Read more . [14], The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). The first Krugerrands were minted in 1967 and since then in excess of 50 million ounces are in circulation globally. Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. In fact, no coin collection is complete without some of these hardy and valuable gold coins. So Krugerrands weigh a total of 33.93g of 22 carat gold and 1 ounce of 24 carat gold weighs 31.1g. Quantity. Selling Krugerrands is Quick & Easy including Same Day Payment. The issue limit for these commemorative platinum, gold and silver coins was 2,017 for platinum, 5,000 for gold and 1,000,000 for silver. We sell Gold Krugerrands and all major bullion bar and coin products and you can pay by bank wire, by credit card or by debit card. Free Storage Terms & Conditions. The company was established in 1980 and later bought Bickels Coins which was established in 1964 and incorporated it into the existing operations. Enquire about or browse our coins today. [6], In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold coin. 1/10 Ounce. Email. Size. International Priced - The Gold price is quoted internationally in troy ounces and its value can easily determine based on the market outcome. However, gold prices may well be $700 per ounce, giving the family a sizeable return on the investment if they decide to sell the krugerrands. By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. The commemorative issues are distinguished by a '50' privy seal mark above the springbok design on the reverse for the platinum and silver issues and to the right of the springbok design on the gold issues. [4] Most sanctions ended in 1991, after the South African government took steps toward ending its apartheid policy.[10][11][12][13]. Banks That Sell Gold Coins in the United States. Comments. The price of a Krugerrand is directly linked to the ruling international spot gold price, Krugerrands are simple to buy and sell as you know exactly what price you should pay or get paid. Gold Krugerrands The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. Your gold, your legacy. Antique Coins Collecting for Fun & Profit. Krugerrands always have a value based on the price of gold, which may increase or decrease, and they also may have an additional value to coin collectors depending on their rarity and condition. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. Gold investors can purchase gold coins from banks, but not all banks sell gold coins, only some of them. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Coin Collections: Beginner's Guide to Coin Collecting. The name "South Africa" and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin). The value or price of a Krugerrand. On the reverse side of the Krugerrand is a springbok, South Africa's national animal. You can buy U.S Forever stamps from the banks listed above. 24 … You may unsubscribe at any moment. [citation needed][21], The South African Mint Company produces limited edition proof Krugerrands intended to be collectors' items rather than bullion investments. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. To track gold coin prices, Kitco's world leading website is a great source for live gold prices and gold market information. The legend is inscribed with ", This page was last edited on 29 November 2020, at 13:13. We have Silver and Gold Krugerrands in stock. You can also call your bank and ask them if they sell gold coins. Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967. Buy Gold Krugerrand Coins. If you are wondering when to sell your Krugerrands keep an eye on this page and when the time is right we are happy to buy any quantity of Krugerrands, from a single piece upwards, without limit. Krugerrand gold coins contain exactly one troy ounce of gold. Like any investment, buying gold krugerrands is never a “sure thing.” When the man dies, gold may be priced at $150 per ounce, meaning that the family will have lost money on the investment. South African residents may not export any Krugerrands without the approval of the South African Reserve Bank. [22][23], 2017 marked the 50th year of issuance (1967–2017) and to commemorate the anniversary, the South African Mint produced "Premium Uncirculated" versions in gold (.916 or 22 carat) and for the first time also in platinum (.999 fine) and silver (.999 fine). More information can be found in our Privacy and Cookies Policy. [8] That year, South Africa introduced three smaller coins with a half troy ounce, quarter ounce, and tenth ounce of gold. Krugerrands offer a simple and straightforward way for you to invest some of your money into gold, since they are an official gold bullion coin containing 1 ounce of fine gold. R30,460-00. The Krugerrand is 32.77 millimetres (1.290 in) in diameter and 2.84 millimetres (0.112 in) thick. Request a no-obligation phone call from one of our investment experts. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. Their value is exclusively based on the spot price of one ounce of fine gold at the time they are traded. Buying and Selling Krugerrands. The entire process is quick, easy and entirely risk-free. Krugerrand Dealers/Buyers in UK There are many places in UK that you can sell Krugerrand coins to. At Eastgate Stamps and Coins, we trade in a variety of gold and South African coins. gold bars or … Serious Sellers are welcome to contact us for additional information. ¼ oz. KRUGERRAND . It has only gone down in price since then. Either via EFT or cash is the preferred method of payment. We buy and sell authentic Krugerrands for sale. Buy or Sell Krugerrands Quotation Form. You’ll have peace of mind with Kitco, because our customers can sell gold online in complete security. The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. Krugerrand value To resell bullion Krugerrands, potential Krugerrand dealers must complete Rand Refinery’s Application to Trade form for approval to buy from Rand Refinery. Krugerrand Gold Coins Bullionbypost From 1 648. Internationally recognition – It’s one of the world’s leading brand names and only issued in South Africa. The Beginning of South Africa’s Modern Gold Coin. R 9,380. The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). Krugerrand Krugerrands Value Gold. Krugerrands are one of the oldest Gold bullion coins in the world; a feather in the cap of South Africa’s Gold industry and the South African Mint. Please enter your details in order to Buy or Sell krugerrands. Nevertheless, most coin shops do not have many Krugerrands in stock, which means they will have to order them.1. They are alloyed with a small amount of copper, which make them 22-carat coins. Read more. Coin Value South Africa Krugerrand 1980 To Date . Please enter your details in order to Buy or Sell krugerrands. Coin Values – How Much Is Your Coin Worth? The Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. GOLD: $1,295 per oz                                          R14,49 (R/$ Exchange). Composition and Design. R28,510-00. Banks like HSBC and Leader Bank sell gold coins but to get a comprehensive list of banks that sell gold coins in your location, visit the website of the US mint, and use their authorized dealer locator to find banks that sell gold coins around you. Please enter your details in order to Buy or Sell krugerrands. [24], In the 21st century, Krugerrands have received media attention in the United States after anonymous donors have left the valuable coin in the Salvation Army's annual "Christmas Kettle" donation jars in various cities around the country. Krugerrands are ounce-denominated gold bullion coins and there are around 46 million of them in circulation. It became the first ounce-denominated gold coin in the world to be considered legal tender, implying that it could be exchanged for products, goods, or services. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. If you happen to own one of the gorgeous coins, you could get a large amount of money, but only if the coin is in decent condition. [9], Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. The production dropped to 23,277 coins in 1998 and then increased again, although not reaching previous levels. Krugerrand 2 Oz Emk. Name & Surname . In 1970, the number rose to over 200,000 coins. If you have a large quantity of gold Krugers to sell, we will accept your instructions on price, or offer you helpful advice on selling. We are buying Krugerrands daily because they are currently increasing in value! Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. What are the Advantages of Buying PCGS Graded Coins? Most big companies sell 1oz Krugerrands between R19k and R23k today. Our jewellery experts at Post My Gold give their definitive guide to the different types of Krugerrand coins, how much they are worth and how to get the best price when selling your Krugerrand online. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). Sell; Charts; Siver. Banks that sell gold coins are sure to sell authentic coins. Krugerrand gold coins contain exactly one troy ounce of gold. Get The Best Prices. To check if we have recieved your details use our chat widget for almost instant replies. – Part 3. 2019 1 10 Ounce South African Krugerrand. Krugerrands are minted by the South African Mint from gold coin blanks supplied by Rand Refinery Ltd. R 19,000. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. This coin was … As on Thursday, 22 August 2019. [2][3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. Copper alloy coins are harder and more durable, so they can resist scratches and dents. Mobile . Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service . It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. This huge success of the Krugerrand encouraged other gold-producing countries to mint and issue gold bullion coins of their own, including the Canadian Gold Maple Leaf in 1979,[16] the Australian Nugget in 1987,[16][17] the Chinese Gold Panda in 1982,[18][19] the American Gold Eagle in 1986,[16][18] and the British Britannia coin in 1987.[16]. With the market leaders, since $300 an oz. ½ oz. You can easily buy and sell Krugerrands at your local coin dealer or on the Internet, but must make sure you identify, price and ship your coins properly. If you would like to collect, sell or buy Krugerrands, you can trust City Coins to provide you with a personalised service and a level of expertise that has been manifested over decades of experience. Request a no-obligation phone call from one of our investment experts. Selling Instructions The price you'll receive depends on current gold prices, the size of the coin -- sizes range from 1/10 to 1 troy ounce of gold -- and the type of mintage. [7], The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. You can purchase South African Krugerrands from our online shop at excellent rates based on current gold spot price: Browse our range of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz Krugerrand coins to find the right match for your stock profile. Today, Krugerrands are available only in the secondary market and sell at prices below Gold Eagle prices. [15] Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. A lot of banks in the US sell gold coins but they would not usually publish information about it on their websites or advertise it openly for security reasons. The Krugerrand's actual weight is 1 1⁄11 troy ounces (34 g). Paul Kruger. Do I have to Buy the Best Quality Coins to Make Money? Q: My father had me buy gold in the 1980s. Designed for the person who wants to invest in gold and available in four different sizes (1 oz, ½ oz, ¼ oz, and 1/10oz), making it more affordable to more people. These popular gold coins also appears closer to an orange shade than coins alloyed with silver. With the market leaders, since $300 an oz. 1/10 oz. Options. Coin Collecting Auctions: Are They Really Worth It? Once we receive your gold, we’ll send you a quote within 24 hours. A Kruger Rand is a South African gold coin first minted in 1967. The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service. It was minted in a copper-gold alloy more durable than pure gold. Find out more about how to buy krugerrands or sell krugerrands with Hatton Garden Metals.. Visit our gold coins page to see our latest gold coin prices for American Eagles, Gold Sovereigns and other popular coins.. We also buy and sell gold bullion bars and buy scrap gold.. Buy Gold Krugerrands Buy Gold Bullion We would appreciate your feedback. [14], During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide. Krugerrands always have a value based on the price of gold, which may increase or decrease, and they also may have an additional value to coin collectors depending on their rarity and condition. Monex Deposit Company has executed over 60 billion dollars in physical customer precious … Banks don't sell gold and silver coins here in the U.S. Proud South African product – It’s minted and produced using South Africa resources. Re:Selling Krugerrands It means exactly what it says.Reserve Bank 99.9% certified Bullion. You can sell Gold Krugerrand Coins and other precious metal products securely and profitably with Kitco. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. Coin Dealers and banks around the globe know it, and it can be bought and sold easily. 1 oz. R7,920-00. Quotation We respect your privacy. STEP 6: Select the denomination you want to purchase. Looking for Krugerrands to buy ? Krugerrands are the most globally recognisable and extensively traded gold coins in the world. R2,850-00. The remaining 8.33% of the coin's weight of 1⁄11 ozt (2.828 g) is copper (an alloy known historically as crown gold which has long been used for British gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. [25][26][27][28], Reagan Bans Imports of S. Africa Krugerrand, "KRUGERRAND LUSTER DIM FOR LOCAL COLLECTORS", Yearbook of the United Nations, Volume 45, "Most South African Sanctions Lifted: ML&B White Paper - Morgan Lewis", "Bush Lifts a Ban on Economic Ties to South Africa", "Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand", "Gold Krugerrands: Buying gold coins - 17 August 2007", "Why the Krugerrand Is the King of Gold Bullion Coins", Financial surveillance and exchange controls FAQ, "Salvation Army of Tallahassee receives rare South African Krugerrand coin", "Krugerrand dropped into Salvation Army kettle", "For fifth year in a row, mystery person drops a gold coin in Salvation Army kettle", "Gold Krugerrand appears in a Salvation Army red kettle", Gold Ounce (1 oz) Krugerrand, Coin Type from South Africa, https://en.wikipedia.org/w/index.php?title=Krugerrand&oldid=991321833, Articles with unsourced statements from November 2015, Articles with unsourced statements from July 2015, Creative Commons Attribution-ShareAlike License, 1984 by Coert Steynberg - A springbok antelope with the mint date in the field. However, large investors should consider buying kilo (1,000 gram/32.15 oz.) How can you pay? Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa Proof coins have 220 edge serrations, while bullion coins have 160. Review our buying prices for more information. The Krugerrand was first minted in 1967. A comprehensive list of authorised local and international Krugerrand dealers can be found on this website. A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. There are many out there but I recommend one that has an A+ rating with the BBB. What is the Difference Between a Coin’s Price and its Value? R15,660-00. Enquire about or browse our coins today. The Krugerrand was first released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. Kitco … It’s one of most circulated, valued coins and can be easily bought or sold because they are minted as Legal Tender coins and is not VATable; We don't have a physical shop. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. More than one million coins were produced in 1974, and in 1978 a total of six million were produced. Approach the gold dealer of your choice. Certain banks are also authorised to trade Krugerrands. Copyright © 2021 by Muntstuk.com    South Africa  |  All Rights Reserved. And of course, an excellent switch from the Mickey Mouse Paper Rand, whilst below R8 to the $.Switch to REAL MONEY.My blog on Fin24.com>> "ZARP 2010" gives further Pics.Ciao. Since September 1980, Krugerrands have also become available in three additional sizes containing 1⁄2 ozt (15.55 g), 1⁄4 ozt (7.78 g) and 1⁄10 ozt (3.11 g) of gold. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the design of the Krugerrands themselves, though the inscriptions are altered. [4][5], Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. Our online shop operates 24/7. The key to successfully selling Krugerrands, and to getting the most value from them, is to know how the gold market is faring. (Krugerrands ar What is a Krugerrand coin? To check if we have recieved your details use our chat widget for almost instant replies. Buy or Sell. To sell your krugerrands you select the sell button ( or widget or whats app line) and input your details with the amount you want to sell and once we recieve your request we will find the best price for you. R 1,870. The. Does banks sell stamps? The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. What is the best Place to sell Gold Krugerrands? This is good for the new investors in gold, especially if you do not know of any broker or dealer of gold coins yet. Coin Collection Tips: Finding a Coin Dealer, Coin Collections and State Quarters - United States. Is this a good time to sell gold Krugerrands? Click Buy. STEP 8: Review the Quote and accept the Terms and Conditions by checking the box. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. GOLD: $1,295 per oz R14,49 (R/$ Exchange) KRUGERRANDS: WE BUY AT: 1 Ounce. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. It has only gone down in price since then. If you are wondering where to value and sell your krugerrands, you have come to the right place. Our process time can very depending on order backlogs. R7,130-00. In addition to the "Premium Uncirculated" issue, 15,000 silver "Proof" krugerrands were also issued as well as "Proof" krugerrands in gold and platinum. There are a variety of American gold dealers and coin merchants that handle gold Krugerrands. From 1967 to 1969, around 40,000 coins were minted each year. Krugerrands can be purchased through authorised dealers of Rand Refinery and the South African Mint. Shop by category. If you are wondering where to value and sell your krugerrands, you have come to the right place.

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