South African Krugerrand - Various Years - 1 oz


South African Krugerrand - Various Years - 1 oz
South African Krugerrand - Various Years - 1 oz
South African Krugerrand - Various Years - 1 oz
Buy from BullionStar
Quantity Price
1 - 19 USD 1,350.08
20 or more USD 1,346.03
Availability:
In Stock
In Stock
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Price Information

Price/Gram & Price/Troy Ounce: The price per gram or troy ounce of metal.

Price Premium: The figure is based on BullionStar's lowest sales price divided with the ask spot price.

Spread: The spread represents the percentage difference between BullionStar's lowest sales price and the price for which BullionStar buys back the same item.
Price/Gram Price/Troy Ounce Price Premium Spread
USD 43.28 USD 1,346.03 4.79% 5.96%

Product Information

To date some 46 million ounces fine gold contained in newly minted Krugerrands have been sold worldwide. This equates to more Krugerrands in circulation internationally than all other gold coins combined.

Contains 1 troy oz of gold but its total weight is 33.93 gram with the remainder being copper. The purpose of the alloy, consisting of 11/12 gold and 1/12 copper, is to make the coins more resistant to wear and tear since copper is a harder metal than gold.

The South African Chamber of Mines came up with the idea of the Krugerrand in the 60s as an idea of how to market South African gold. The coin was minted for the first time in 1967 and has been produced every year since.

The coin was initially only produced in one size being 1 troy oz. Since 1980, three smaller sizes being 1/10 oz, 1/4 oz and 1/2 oz are also minted.

The name Kruger originates from the 19th century boer president Paul Kruger which has also given name to the famous Kruger park. The rand, which is also the name of South Africas currency, is originating from the geographical name Witwatersrand in the Gauteng province where large amounts of gold was found during the end of the 19th century.

The portrait on the obverse of the coin is a picture of Paul Kruger.

Price Chart for South African Krugerrand - Various Years - 1 oz

This is a chart of the actual purchasing price for one item of this product from BullionStar.
Tax Status Country Year Manufacturer Diameter Thickness Proof Fine Weight
Gross Margin Scheme South Africa Various Years Rand Refinery 32.77 mm 2.84 mm .916 1 troy oz (31.1 gram)

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