Buy the Krugerrand
When you think of South African gold, it is likely you that the world famous Krugerrand and Rand coins will spring to mind. Many people buy Krugerrand coins as an investment in physical gold. This gold coin has a long history and was once the world's best-selling investment currency and became especially popular in America. The success of this coin has also encouraged other countries to mint their very own gold coins, such as the Maple Leaf, which was first issued in Canada in 1979.
History of the Krugerrand
The very first Krugerrand was minted in 1967. It was the first coin to be minted in exactly 1 troy ounce of gold, which is now the standard weight for gold trading. Today, this coin is still minted by the Rand Refinery in South Africa and the Krugerrand remains one of the best known investment coins. The obverse of this gold coin depicts Paul Kruger, the fifth president of South Africa. On the reverse of the coin is a springbok, an animal that symbolizes the African wilderness. Due to an alloy of gold and copper, this coin has a recognizable red-gold color. In addition, the Krugerrand has a purity of 22 carats (916.7 / 1000).
Buy the Krugerrand online today
Krugerrand coins remain popular and sought after by gold buyers and investors. This coin is therefore easy to trade all over the world and puts South Africa on the map as a gold producer. The Krugerrand is minted in the standard weight of 1 troy ounce. This unit is used for the weight determination of precious metals and corresponds to 31.1 grams. Do you want to buy a Krugerrand coin? Order this coin directly online or visit our store.