Krugerrand Traders: We Buy And Sell Krugerrands SA

History of the Krugerrand

Throughout the ages the shimmering beauty of pure gold has captivated mankind and the desire to own exquisite objects crafted from this precious metal.

Gold coins have always represented the ultimate in wealth and prestige.

For collectors no other metal can match the quality and lustre of coins struck in the finest gold. South Africa ranks among the very few countries where gold coins have been minted as negotiable currency and still remain available for general purchase, allowing collectors to own a share in the countries production of fine gold.

The first Krugerrand’s,consisting of 1 troy ounce of fine gold  were struck by The South African Mint on 3 May 1967 .The design of the Krugerrand was based on the ZAR or Kruger  Ponde, historical coins of South Africa,

The obverse (front) of the Krugerrand depicts the bust of Paul Kruger who was president of the ZAR (Zuid Afrikaansche Republiek), which comprised of the old Transvaal, when the Witwatersrand gold was discovered in 1886.

The reverse of the Krugerrand depicts a prancing Springbok.

The name of the Krugerrand was derived from

Kruger (President Paul Kruger) and Rand, the monetary unit of

South Africa. The Rand is associated with the area called

the Witwatersrand “the ridge of white water” an important

gold producing area in South Africa.

The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being copper, the old traditional alloy of gold coins.

The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.

In 1980 the fractional Krugerrand’s (1/2 ounce 1/4 ounce and 1/10 ounce) were added to the 1-ounce Krugerrand in order to assist the smaller buyer to obtain goldat an affordable price.The Krugerrand is unique in that it is legal tender

or a valid trading coin without a face value. The face value is 1 ounce of fine gold(or fractions thereof) and is traded as such



From the above specifications we can see that the perception that a 1 oz Krugerranddoes not contain 1 oz of gold is untrue. 1 troy oz of gold = 31.103 grams, while a

1 oz Krugerrand weighs 33.930 grams, therefore the 1 oz Krugerrand contains 31.103 grams or 1 ounce of fine gold and 2.827 grams or .09090698 ounce of copper.

The actual weight of a 1 oz Krugerrand is thus 1.09090698 ounces. 

The Krugerrand remains the worlds most popular and actively traded

gold bullion coin, with in excess of 58 million ounces having been minted.

Krugerrand Specifications

Krugerrand’s are continuously being traded, so if you are buying or selling we buy and sell Krugerrand’s

Due to the fact that the gold price is internationally quoted in dollar prices, theKrugerrand price or value can easily be ascertained. Investing in Krugerrand’s is thus an extremely transparent investment and investors in Krugerrand’s are not bound by corporate governance issues of large corporations. Krugerrand’s are extremely liquid, and you can therefore sell your Krugerrands immediately at the listed gold price.