South African Gold Coins - Krugerrands and all others

first introduced in 1967 by the South African Mint and are named after Paul Kruger, the former president of the South African Republic, and the rand, the official currency of South Africa. Here are some key features and reasons why Gold Krugerrands are considered attractive for purchase:

1. Gold Content:

   • Gold Krugerrands are made of 22-karat gold, with a composition of 91.67% gold and 8.33% copper. Each coin contains one troy ounce (31.1035 grams) of pure gold.

2. Recognizability:

   • Krugerrands are widely recognized and accepted in the precious metals market. Their iconic design, featuring a portrait of Paul Kruger on the obverse side and a springbok antelope on the reverse, makes them easily distinguishable.

3. Liquidity:

   • Gold Krugerrands are highly liquid and easily tradable. Their popularity and recognition worldwide contribute to their marketability, allowing for relatively straightforward buying and selling.

4. Investment Value:

   • Gold Krugerrands are considered a convenient way for investors to buy and hold physical gold. They provide a tangible asset that can act as a hedge against inflation, currency fluctuations, and economic uncertainties.

5. Historical Significance:

   • Being one of the earliest gold bullion coins, Krugerrands have historical significance in the world of precious metals. They played a crucial role in popularizing the concept of gold as an investment.

6. No Face Value:

   • Unlike many other coins, Gold Krugerrands do not have a face value stamped on them. This emphasizes their value is primarily based on the gold content rather than any nominal denomination.

7. Durability:

   • The alloy of gold and copper used in Krugerrands makes them more durable than coins made of pure gold. The addition of copper also gives the coins a distinctive reddish hue.