If you’re looking for an investment that has shown historical growth over the past 50 years, then Krugerrands are the answer. Gold African can advise and facilitate your investment.
Krugerrands are the most internationally recognisable and widely traded Gold bullion coins in the world. They are made up of one troy ounce of fine Gold and were minted for the first time in 1967 with the objective of putting Gold bullion into the hand of the man on the street. The Krugerrand became the first ounce-denominated Gold coin in the world to a carry legal tender, meaning that it could be exchanged for goods or services.
The Krugerrand, the world’s oldest modern Gold bullion coin, is made up of eleven parts fine Gold and one-part Bronze, giving it a lustrous coppery tone. Paul Kruger is on the face of the coin, and the South African Springbok is shown on the reverse side.
2017 marks the Golden Jubilee of South Africa’s beloved coin, and The South African Mint has created a 50th Anniversary collection to mark the occasion. As an approved partner, you can pre-order the coins from Gold African.
Krugerrands are the most affordable and effortless way of investing in Gold bullion and because Gold has always been one of the best-performing and most stable precious metals, they offer a very desirable return on investment. Historically, Gold has given local investors good value despite fluctuating financial markets since it is an international commodity which is largely unaffected by local economic and political shifts.
The true measure of any financial portfolio’s merit is it’s historical performance and in this regard, Krugerrands have on average doubled in value every 5 years for the last 50 years. This is due to the growth of the commodity as well as the devaluation of the Rand against the US Dollar, proving that they are a solid investment and an ideal Rand hedge.
Krugerrands are available in fractions – one ounce, one-half ounce, one-quarter ounce and one-tenth ounce weights – assisting in affordability for first-time investors. They can be easily bought and sold, giving the bearer quick access to cash.
If you purchased Krugerrands a while ago and would like to know how much they have increased in value since then, we offer a free evaluation service to all our clients. When it comes to selling your Gold coins or buying more and increasing your investment, we offer sound, experienced advice and a transparent approach to the pricing of Krugerrands.
The current price of a Krugerrand is calculated using the spot price of one ounce of fine Gold and is the minimum amount you should receive for your Krugerrand coin on sale. When buying you need to factor in the broker commission, which is usually around 7 – 12%. Our video on the Gold Spot Price explains the formula used by the industry.
Gold African's pricing page is updated when the market opens at 8 am on business days and reflects the current price you would expect to buy a Krugerrand for. Should you have Krugerrands you would like to buy or sell, please contact us.