Sell your Gold South African Krugerrand online
Krugerrand is a South African bullion made out of gold and minted since 3rd July 1967. It initially contained one troy ounce of gold, which is 31,104 grams of pure gold. There are also ½ oz, ¼ oz and 1/10 oz versions available. It was created as a means for enabling private gold ownership. Because of South African policies of apartheid, exporting Krugerrands was prohibited in the 1970s and 1980s. Despite that, 22 million Krugerrands found their way to the United States between 1974 and 1985. When sanctions were lifted in 1991, Krugerrand was already the most popular means of gold ownership in the world with an estimated 90% share in the global coin market in 1980.
The name Krugerrand comes from the name of Paul Kruger, a South African President in 1880s and 1890s. The ‘Rand’ bit comes from the name of South African currency.
Although Krugerrands are a legal means of payment in South Africa, they are mostly used as an investment. This is because of their high gold content – 91,67% of 22-carat gold. It’s merged with copper to increase its durability to scratches and wear. Because of the addition of copper, a Krugerrand coin has an orange-ish finish.
The total weight of a one-troy ounce Krugerrand is 33.93 grams, which equals to 1.0909 troy ounce. The diameter equals 32.77 mm and the thickness is 2.84 mm.
The South African Mint Company also produces proof Krugerrand coins intended for collections rather than gold ownership. They can be differentiated from a normal Krugerrand coin by counting the serrations on the rim. The former has 220 of them, while the bullion coin, only 160.
We buy 1, 1/2, 1/4 and 1/10 oz coins
Are you planning to sell your Gold South African Krugerrand coins? You’re in the right place – we buy coins! Spot4Coins is a trusted gold dealer and gold coins exchange service with 10 years of experience in the field and hundreds of satisfied customers. We understand the need for people to have a safe place to sell their coins or other gold deposits to. We are tired of banks refusing to accept honest transactions or gold dealers asking for exorbitant fees. We always offer the spot price for the gold you sell – it’s in our name, which means it’s our most precious principle. At Spot4Coins you will always get 100% of your gold’s value!
Our procedure is as easy as ABC – you order a free prepaid envelope, you place your coins in a clear, sealable pouch and send the envelope back to us. We will send you back a check within 24 hours from the moment we receive your envelope with coins. Should you not agree with our pricing, let us know and we will send you your coins back.