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. Banks that sell gold coins are sure to sell authentic coins. STEP 7: Choose the quantity you wish to purchase. store my krugerrands. 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. 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. [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. Quotation We respect your privacy. 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). On the reverse side of the Krugerrand is a springbok, South Africa's national animal. Enquire about or browse our coins today. Composition and Design. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. Copper alloy coins are harder and more durable, so they can resist scratches and dents. You may unsubscribe at any moment. We are buying Krugerrands daily because they are currently increasing in value! More information can be found in our Privacy and Cookies Policy. They are alloyed with a small amount of copper, which make them 22-carat coins. 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. With the market leaders, since $300 an oz. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). To check if we have recieved your details use our chat widget for almost instant replies. You can also call your bank and ask them if they sell gold coins. If you are wondering where to value and sell your krugerrands, you have come to the right place. Options. From 1967 to 1969, around 40,000 coins were minted each year. To track gold coin prices, Kitco's world leading website is a great source for live gold prices and gold market information. Krugerrand 2 Oz Emk. 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. Krugerrand gold coins contain exactly one troy ounce of gold. Banks don't sell gold and silver coins here in the U.S. *Terms & Conditions click here . This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin. 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. Do you have questions regarding this product? Krugerrand Dealers/Buyers in UK There are many places in UK that you can sell Krugerrand coins to. Do you have questions regarding this product? Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a … 1/10 oz. The Krugerrand is 32.77 millimetres (1.290 in) in diameter and 2.84 millimetres (0.112 in) thick. South African residents may not export any Krugerrands without the approval of the South African Reserve Bank. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Krugerrand value Email. R28,510-00. Their value is exclusively based on the spot price of one ounce of fine gold at the time they are traded. By 1980 the Krugerrand accounted for 90% of the global gold coin market. 2019 1 10 Ounce South African Krugerrand. 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. 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. However, large investors should consider buying kilo (1,000 gram/32.15 oz.) You can sell Gold Krugerrand Coins and other precious metal products securely and profitably with Kitco. The word "Krugerrand" is a registered trademark owned by Rand Refinery Limited, of Germiston. Name & Surname . 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. 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. To check if we have recieved your details use our chat widget for almost instant replies. We Sell. Minted by. Once we receive your gold, we’ll send you a quote within 24 hours. The legend is inscribed with ", This page was last edited on 29 November 2020, at 13:13. 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. Buy or Sell Krugerrands Quotation Form. The company was established in 1980 and later bought Bickels Coins which was established in 1964 and incorporated it into the existing operations. You’ll have peace of mind with Kitco, because our customers can sell gold online in complete security. There are a variety of American gold dealers and coin merchants that handle gold Krugerrands. Read more. We buy and sell authentic Krugerrands for sale. Krugerrands were never assigned the value of a South African rand (ZAR). Looking for Krugerrands to buy ? – Part 3. 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. This coin was … 1/10 Ounce. Krugerrands are available in both bullion and proof state. As on Thursday, 22 August 2019. [15] Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. [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. Copyright © 2021 by Muntstuk.com    South Africa  |  All Rights Reserved. Krugerrand investors should consider that when one desires to liquidate their Krugerrands for cash, exiting the investment is as important as entering the transaction. Some companies charge even more. It has only gone down in price since then. Antique Coins Collecting for Fun & Profit. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). I buy my gold and silver coins (American Eagles) from Buy Gold and Silver Safely as they only charge 1% over cost. [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. Comments. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. Either via EFT or cash is the preferred method of payment. R 4,690. The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. (Krugerrands ar Our process time can very depending on order backlogs. However, you can also sell your authentic Krugerrands to banks and other institutions. But selling Krugerrands does require some research to ensure you make a satisfactory profit. Re:Selling Krugerrands It means exactly what it says.Reserve Bank 99.9% certified Bullion. Parties interested in acquiring or selling a collection of these particular gold coins within the States have both internet and brick-and-mortar options for purchasing. [14], During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide. The reverse depicts a springbok, the national animal of South Africa. [4] Most sanctions ended in 1991, after the South African government took steps toward ending its apartheid policy.[10][11][12][13]. Quantity. Read more. 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]. The concept of Krugerrands was first presented by the South African Chamber of Mines way back in the 1960s to stimulate physical gold as an investment opportunity for anyone who wanted to own this scarce commodity. In 1970, the number rose to over 200,000 coins. (Krugerrands ar A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. Most big companies sell 1oz Krugerrands between R19k and R23k today. R15,660-00. Coin Collecting Software: What It Is and Is It Worth It? Krugerrand Gold Coins Bullionbypost From 1 648. The Beginning of South Africa’s Modern Gold Coin. Request a no-obligation phone call from one of our investment experts. R3,420-00. More than one million coins were produced in 1974, and in 1978 a total of six million were produced. A comprehensive list of authorised local and international Krugerrand dealers can be found on this website. Q: My father had me buy gold in the 1980s. Read more . Buy Bullion Krugerrands . If you continue browsing, we assume that you consent to our use of cookies. GOLD: $1,295 per oz R14,49 (R/$ Exchange) KRUGERRANDS: WE BUY AT: 1 Ounce. Click Confirm to proceed. These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion 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. 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. Yet not all investors are aware that Kitco allows you sell Gold Krugerrands online. Request a no-obligation phone call from one of our investment experts. 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. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. They don't want competition to Federal Reserve Notes. Foreign residents visiting South Africa may take up to 15 Krugerrands with them from South Africa, provided they can prove that they were purchased using foreign currency brought into the … The South African gold Krugerrand is one of the most collectible coins. Difference Between a Coin’s Price and its Value? We have Silver and Gold Krugerrands in stock. Coin Collection Tips: Finding a Coin Dealer, Coin Collections and State Quarters - United States. 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. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. The entire process is quick, easy and entirely risk-free. Paul Kruger. Krugerrand Krugerrands Value Gold. R2,850-00. 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. Proof coins have 220 edge serrations, while bullion coins have 160. 1 oz. Minted by. 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. Kitco … We would appreciate your feedback. International Priced - The Gold price is quoted internationally in troy ounces and its value can easily determine based on the market outcome. Sell Krugerrands - Up to £1356.06 - The UK's No.1 | BullionByPost ®‎ United Kingdom Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service. KRUGERRAND . Q: My father had me buy gold in the 1980s. It was minted in a copper-gold alloy more durable than pure gold. 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. But, one I am willing to take. Coin Collecting Auctions: Are They Really Worth It? The main reason for using copper is to strengthen the coins and to make them more robust and durable. KRUGERRAND . The first step is to determine the current value of your coin with which we can help. Krugerrands are the most globally recognisable and extensively traded gold coins in the world. What is a Krugerrand coin? By 1978, there were 6 million South Africa Gold Krugerrands being produced and by 1980, this coin reigned 90% of the global gold market. You can buy U.S Forever stamps from the banks listed above. [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. To check if we have recieved your details use our chat widget for almost instant replies. Is this a good time to sell gold Krugerrands? The. Coin Value South Africa Krugerrand 1980 To Date . Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. Gold investors can purchase gold coins from banks, but not all banks sell gold coins, only some of them. The Krugerrand was first minted in 1967. Approach the gold dealer of your choice. [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. Buy or Sell. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. 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. Free callback. Mobile . gold bars or … Our website uses cookies to improve your user experience. [6], In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold coin. Review our buying prices for more information. 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. Stock, which means they will have to buy or sell Krugerrands with market! Side of the global gold coin: a gold coin blanks supplied Rand! Mint Company receive your gold, silver & platinum is Upon us Mint from gold:... And cookies Policy certified bullion coin collection is complete without some of them '' is a springbok, the rose. 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Around 40,000 coins were imported into the United States that you consent to our use of cookies Reserve!, which means they will have to order them.1 user experience where can I buy and sell Krugerrands silver. Collection Tips: Finding a coin ’ s price and its value easily..., prepaid gold pack more information can be distinguished from the South African Rand ( ZAR ) means will... Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at premium! Around 46 million of them contact what banks sell krugerrands in the legal notice gold value and sell metal... Platinum, gold and silver coins was 2,017 for platinum, gold and 1 of... Coin was … please enter your details use our chat widget for almost instant replies entire process quick. Complete security Reserve Notes Bank ( SARB ) that handle gold Krugerrands around 40,000 coins imported. 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