Krugerrand Traders – We Buy And Sell Krugerrands

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

1 oz

½  oz

¼ oz

1/10 oz

Gold Content

31.103 gram

15.552 gram

7.776 gram

3.110 gram

Standard Mass

33.930 gram

16.965 gram

8.482 gram

3.393 gram

Finess

22 carat

22 carat

22 carat

22 carat

Diameter

32.69mm

27.00mm

22.00mm

16.50mm

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.

The table below illustrates Krugerrand mintages.

YEAR

MINTAGE

YEAR

MINTAGE

1967

50,000

1993

166303

1968

30, 000

1994

131,291

1969

30, 000

1995

60, 308

1970

221,018

1996

12,022

1971

556,200

1997

Unknown

1972

540,325

1998

8,276

1973

869,300

1999

28,052

1974

3,209,352

2000

34,927

1975

4,809,525

2001

38,574

1976

3,011,545

2002

88,772

1977

3,339,844

2003

44,131

1978

6,022,293

2004

87,794+

1979

4,952,555

2005

44,627

1980

3,061,396

2006

207,374

1981

3,198,727

2007

179,559

1982

2,685,466

2008

743,476

1983

3,368,161

2009

Not available

1984

2,069,689

2010

Not available

1985

874995

2011

Not available

1986

21,040

2012

Not available

1987

111,150

2013

Not available

1988

619,747

2014

Not available

1989

199,389

2015

Not available

1990

394,425

2016

1991

285,365

1992

3870

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.