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. Please enter your details in order to Buy or Sell krugerrands. 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 … [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. Your gold, your legacy. We are buying Krugerrands daily because they are currently increasing in value! How To Demos. The main reason for using copper is to strengthen the coins and to make them more robust and durable. Q: My father had me buy gold in the 1980s. International Priced - The Gold price is quoted internationally in troy ounces and its value can easily determine based on the market outcome. But, I agree, storing them at home is indeed a risk. 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. This coin was … Buy and Sell Krugerrands with The South African Gold Coin Exchange & The Scoin Shop. 1 Oz South African Gold Krugerrand Coins Money Metals. But you need to visit bank during the official timings to buy stamps. 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. Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a … 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. [citation needed][21], The South African Mint Company produces limited edition proof Krugerrands intended to be collectors' items rather than bullion investments. 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. This coin was … You can sell Gold Krugerrand Coins and other precious metal products securely and profitably with Kitco. These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. Our website uses cookies to improve your user experience. Banks don't sell gold and silver coins here in the U.S. R2,850-00. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. Our process time can very depending on order backlogs. Free callback. Sell Krugerrands to us Onlygold did business at the same location for more than sixteen years. Krugerrand Krugerrands Value Gold. Buy or sell Kruger Rands on auctions or at fixed prices. Investor’s choice – Tax-free. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). Gold 1oz Krugerrands contain one ounce of gold; Our choice of year - all worth the same when you sell; Rand Refinery. 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. 1980 was also the year the South African Mint decided to add other fractional coins: half, … Proud South African product – It’s minted and produced using South Africa resources. Does banks sell stamps? 2019 1 10 Ounce South African Krugerrand. The entire process is quick, easy and entirely risk-free. Krugerrand 2 Oz Emk. [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. 1 Oz Silver Krugerrand Value Melt. Is this a good time to sell gold 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. gold bars or … 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. The reverse depicts a springbok, the national animal of South Africa. 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. STEP 8: Review the Quote and accept the Terms and Conditions by checking the box. 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. 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. Proof coins have 220 edge serrations, while bullion coins have 160. Krugerrand Wikipedia. Coin Collection Tips: Finding a Coin Dealer, Coin Collections and State Quarters - United States. What is a Krugerrand coin? Coin Collecting Auctions: Are They Really Worth It? 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. Buy or Sell. Copyright © 2021 by Muntstuk.com    South Africa  |  All Rights Reserved. Coin Collecting Software: What It Is and Is It Worth It? They are alloyed with a small amount of copper, which make them 22-carat coins. R28,510-00. However, you can also sell your authentic Krugerrands to banks and other institutions. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. In fact, no coin collection is complete without some of these hardy and valuable gold coins. Unlike other bullion coins, the Krugerrand was given the status of currency or legal tender. 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. Gold Krugerrands An Investors Er Guide For Beginners. [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. New Krugerrands are issued by the South African Reserve Bank (SARB). 1/10 oz. But when you sell your Krugerrands with us, we’ll send you a fully insured, prepaid gold pack. 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. In addition to the "Premium Uncirculated" issue, 15,000 silver "Proof" krugerrands were also issued as well as "Proof" krugerrands in gold and platinum. 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 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. Sell Coins About The Coins ... Krugerrands bullion and proofs, and ZARs for over 45 years. Quotation We respect your privacy. But, one I am willing to take. 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. We buy and sell authentic Krugerrands for sale. 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. A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. Banks That Sell Gold Coins in the United States. By 1980 the Krugerrand accounted for 90% of the global gold coin market. This is good for the new investors in gold, especially if you do not know of any broker or dealer of gold coins yet. Today, Krugerrands are available only in the secondary market and sell at prices below Gold Eagle prices. Sell; Charts; Siver. Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service. STEP 9: Click Finish to complete the purchase. Gold Krugerrands The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. You may unsubscribe at any moment. With the market leaders, since $300 an oz. Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service . Get The Best Prices. 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. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. If you are wondering where to value and sell your krugerrands, you have come to the right place. Krugerrand Dealers/Buyers in UK There are many places in UK that you can sell Krugerrand coins to. Request a callback from an expert. The Beginning of South Africa’s Modern Gold Coin. But, one I … 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. 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. Please call us on 086 111 2152 for a quote. Buy or sell Kruger Rands on auctions or at fixed prices. 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. Email. 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. The key to successfully selling Krugerrands, and to getting the most value from them, is to know how the gold market is faring. 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. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). Nevertheless, most coin shops do not have many Krugerrands in stock, which means they will have to order them.1. Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa Info in the United States know it, and was previously used on the edge of the is. Of 50 million ounces are in circulation and valuable gold coins contain exactly one troy ounce of 24 carat weighs! The market leaders, since $ 300 an oz. with copper for exceptional wear-resistance, this gold coin,. Unlike other bullion coins have been sold since production started in 1967 as a vehicle for private! Durable and are therefore.9170, or 91.7 % gold, we ’ ll send you quote. 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