Category Archives: Krugerrands

Make Money Selling Krugerrands

The iconic Krugerrand celebrated its 50th anniversary in 2017. To celebrate the enduring value of this trusted and legendary gold coin, the Krugerrand range was extended with new sizes and metals.

Following the success of this extended range, in 2018 we bring you some of the popular new sizes from 2017, and introduce yet another new size: the 2oz gold coin. The silver proof Krugerrand also makes a return.

The standard four gold coins saw the introduction of four additional sizes: a 50oz and 5oz on the large end of the scale, and a 1/20oz and 1/50oz on the smaller side of the scale.

As with the original gold coin minted on 3 July 1967, the 2018 gold Krugerrand range bears the classic springbok design on the coins.

2OZ GOLD PROOF KRUGERRAND

The 2oz gold proof Krugerrand is the newest addition to the range.

Diameter: 40.00mm
Mass: 67.86g
Mintage: 200

1OZ GOLD PROOF KRUGERRAND

The very first Krugerrand was a 1oz gold coin.

This classic size has been central to the Krugerrand collection for over 50 years.

Diameter: 32.69mm
Mass: 33.930g
Mintage: 1000

1/2OZ GOLD PROOF KRUGERRAND

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980. The 1/2oz coin will only be available in three different coin sets, in 2018.

Diameter: 27mm
Mass: 16.965g
Mintage: 500

1/4OZ GOLD PROOF KRUGERRAND

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980.

Diameter: 22mm
Mass: 8.482g
Mintage: 2000

1/10OZ GOLD PROOF KRUGERRAND

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980.
Formerly the smallest gold Krugerrand available, the 1/10oz is a popular size that also makes up various sets we have available in 2018. Diameter: 16.50mm
Mass: 3.393g
Mintage: 2500

1/20OZ GOLD PROOF KRUGERRAND

Introduced for the first time as part of the 50th anniversary range, the 1/2oz gold coin makes a return in 2018, but only as part of the ‘Prestige Set’.

Diameter: 12.0mm
Mass: 1.697g
Mintage: N/A as a single coin

1/50OZ GOLD PROOF KRUGERRAND

The smallest gold coin available from the South African Mint and introduced for the first time with the 50th anniversary range, the 1/50oz coin also forms part of the various Krugerrand sets available in 2018.

Diameter: 8.00mm
Mass: 0.679g
Mintage: 50 000

1OZ FINE – SILVER PROOF KRUGERRAND

The 1oz silver proof Krugerrand was first released in 2017, as part of the 50th anniversary range.
Due to its popularity, the proof-quality silver coin makes a return in 2018. Diameter: 38.725mm
Mass: 31.107
Mintage: 15 000

KRUGERRAND PRESTIGE SET

This 6 coin prestige set consists of the 1oz, 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof Krugerrand coins.

Mintage: 600

2018 KRUGERRAND FRACTIONAL 5 COIN SET

This 5 coin set consists of the 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof Krugerrand coins.

Mintage: 500

2018 KRUGERRAND FRACTIONAL 6 COIN SET WITH SILVER

This 6 coin set includes the 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof 22ct gold Krugerrand coins, and a 1oz proof silver coin.

Mintage: 500

2018 KRUGERRAND LAUNCH SET

The 2018 Krugerrand launch set celebrates the centenary of the signing of the Armistice of Compiègne on the 11th of
November 1918. This set consists of a 1oz privy mark gold proof coin, as well as a 1oz sterling-silver medallion. The privy mark on the 1oz Krugerrand marks the 11th hour of the 11th day of the 11th month in roman numerals, and the medallion shows a poppy flower pattern design.

Mintage: 300

COMMON OBVERSES

Order Form

Collectable Krugerrands Coin

The iconic Krugerrand celebrated its 50th anniversary in 2017. To celebrate the enduring value of this trusted and legendary gold coin, the Krugerrand range was extended with new sizes and metals.

Following the success of this extended range, in 2018 we bring you some of the popular new sizes from 2017, and introduce yet another new size: the 2oz gold coin. The silver proof Krugerrand also makes a return.

The standard four gold coins saw the introduction of four additional sizes: a 50oz and 5oz on the large end of the scale, and a 1/20oz and 1/50oz on the smaller side of the scale.

As with the original gold coin minted on 3 July 1967, the 2018 gold Krugerrand range bears the classic springbok design on the coins.

2OZ GOLD PROOF KRUGERRAND

2oz-Krugerrand

The 2oz gold proof Krugerrand is the newest addition to the range.

Diameter: 40.00mm
Mass: 67.86g
Mintage: 200

1OZ GOLD PROOF KRUGERRAND

1oz-KrugerrandThe very first Krugerrand was a 1oz gold coin.

This classic size has been central to the Krugerrand collection for over 50 years.

Diameter: 32.69mm
Mass: 33.930g
Mintage: 1000

1/2OZ GOLD PROOF KRUGERRAND

1_2oz-Krugerrand

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980. The 1/2oz coin will only be available in three different coin sets, in 2018.

Diameter: 27mm
Mass: 16.965g
Mintage: 500

1/4OZ GOLD PROOF KRUGERRAND

1_4oz-Krugerrand

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980.

Diameter: 22mm
Mass: 8.482g
Mintage: 2000

1/10OZ GOLD PROOF KRUGERRAND

1_10oz-Krugerrand

The 1/2, 1/4, and 1/10oz were the first fractional coins to be introduced to the range in 1980.
Formerly the smallest gold Krugerrand available, the 1/10oz is a popular size that also makes up various sets we have available in 2018. Diameter: 16.50mm
Mass: 3.393g
Mintage: 2500

1/20OZ GOLD PROOF KRUGERRAND

1_20-Krugerrand

Introduced for the first time as part of the 50th anniversary range, the 1/2oz gold coin makes a return in 2018, but only as part of the ‘Prestige Set’.

Diameter: 12.0mm
Mass: 1.697g
Mintage: N/A as a single coin

1/50OZ GOLD PROOF KRUGERRAND

1_50oz-Krugerrand

The smallest gold coin available from the South African Mint and introduced for the first time with the 50th anniversary range, the 1/50oz coin also forms part of the various Krugerrand sets available in 2018.

Diameter: 8.00mm
Mass: 0.679g
Mintage: 50 000

1OZ FINE – SILVER PROOF KRUGERRAND

1oz-Fine-Silver-Krugerrand

The 1oz silver proof Krugerrand was first released in 2017, as part of the 50th anniversary range.
Due to its popularity, the proof-quality silver coin makes a return in 2018. Diameter: 38.725mm
Mass: 31.107
Mintage: 15 000

KRUGERRAND PRESTIGE SET

Krugerrand Prestige Set

This 6 coin prestige set consists of the 1oz, 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof Krugerrand coins.

Mintage: 600

2018 KRUGERRAND FRACTIONAL 5 COIN SET

2018 Krugerrand Fractional 5 Coin Set

This 5 coin set consists of the 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof Krugerrand coins.

Mintage: 500

2018 KRUGERRAND FRACTIONAL 6 COIN SET WITH SILVER

2018 Krugerrand Fractional 6 Coin Set with Silver

This 6 coin set includes the 1/2oz, 1/4oz, 1/10oz, 1/20oz and 1/50oz proof 22ct gold Krugerrand coins, and a 1oz proof silver coin.

Mintage: 500

2018 KRUGERRAND LAUNCH SET

2018 Krugerrand Launch Set

The 2018 Krugerrand launch set celebrates the centenary of the signing of the Armistice of Compiègne on the 11th of
November 1918. This set consists of a 1oz privy mark gold proof coin, as well as a 1oz sterling-silver medallion. The privy mark on the 1oz Krugerrand marks the 11th hour of the 11th day of the 11th month in roman numerals, and the medallion shows a poppy flower pattern design.

Mintage: 300

COMMON OBVERSES

Obverse

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Invest in Coin Collection Business

A Coin Collection requires time and investment but it is a very rewarding activity. Regardless of whether you have a lot of money to spend or small budget, I will try to give you the tips on how to start collecting and making money for the future! There is a variety of rare South African coins available.

Different ways to collect

At The Coin Company all our clients share the same interest: Coins

There are two different main types.

  • Collector’s Interest. They would try to get a collection that is priceless and in many cases they will never think about selling it.
  • Collecting only highly graded certified coins or Profit interest: The type of client that wants to buy coins as an investment. This type of client will look for coins that will grow in value in the future.

Coin Investment requires the advice of a broker to make the right choice and purchase. This is a long time investment. We do not recommend buying online any coin before having the possibility to inspect the coin in your hand.

Coin collections

Most of the coins you will find at The Coin Company are graded coins as well as rare South African coins. This means that coins have been inspected and inserted in a plastic capsule with a bar code and a hologram to certify the coin is authentic. This process is done in United States.

If you have a collection of coins that are currently in circulation, remember that unfortunately we don’t buy or sell circulated coins.

If your coins are out of circulation, old or rare, never try to clean them.

The value will decrease if you clean them.

Make the right decision

Make a decision of the type of coin you would like to buy. We will help you decide.

Nelson Mandela Coin Collections

At The Coin Company we specialise in Nelson Mandela Coins.

There are 3 series of coins that were released by SA Mint portraying Nelson Mandela and his presidential inauguration.1994 Presidential

The sky is the limit

Now, when it comes to collecting coins, the possibilities are unlimited. The mint of origin, the grades, the year of mint, however, the most important thing to remember is that no matter whether you are collecting only highly graded certified coins, or you want to specialize in collecting only coins for a particular mintage, or whatever coins you wish to collect – coin collecting is a fun and exciting hobby that should always be held in a safe and out of the way location, such as in a locked safe.

And always remember before buying any coin consult an expert about the specific coins you have interest in.

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List of Wanted South African Coins Paying up to R20 000

List of Wanted South African Coins Paying up to R20 000

Do you know the value of your old South African Coins? There are companies waiting to buy these vintage coins for up to R20 000.

UNION Coins – 1923-1960

These coins vary in silver content. Coins minted 1923-1950 will have a higher value than coins minted 1951-1960.
3d (tickey) only the 1931 3d has high value. 6d – 1 shilling – 2 shilling – 2 ½ shilling – 5 shilling

NB: (All the above coins minted from 1965 onward have no silver value, they are made from nickel.)

R1 coins dated 1965-1976.

From 1970-1976 – R1- coins only issued in collectors sets and are worth bullion value.
An easy way to check if your R1 coins are silver is by using a magnet, a fridge magnet will do. If the R1 coins stick to the magnet it is not silver and only worth face value.
I will also buy the silver commemorative series.

Download The List in Pdf

Places to sell these coins

Kenwigs Coins & Medals

Suite 8, First Floor,
Medical Suites,
Thrupps Illovo Centre
204 Oxford Road,
Illovo,
Sandton 2198

Telephone: 011-327-6388
Cell: 079-399-8987 (WhatsApp)
Email: info@kenwigs.co.za
Hours: 10:00am to 4:00pm

We asked who’s head is on South Africa’s 1966 50C coin.

And the answer is Jan Van Riebeeck

Sources:numista.com, Kenwigs.co.za

 

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Smart Businesses Are Investing in Krugerrand

Cash flow is extremely important to any business owner. Without a steady flow of cash, you just aren’t going to be able to pay your employees, bills or even keep your doors open. You must have enough liquid cash on hand at all times and this is where most companies are getting into trouble.

With all the ups and downs of a normal business operation, most businesses owners are finding that when they are in the down period they just don’t have the liquid cash on hand to take care of their obligations. Investing your hard earned money is tricky and scary, but it is for the down times that you need to start building your portfolio. And, there is simply no better way to do that than with Krugerrand.

Trading Is Easier Than Ever

You probably don’t consider yourself a financial guru and the thought of risking your money probably scares you, but investing in Krugerrand is really simple. In fact, the main purpose of the coin was to make investing in gold easier for the beginner. Buying or selling the coin can be accomplished without a hassle or without possessing in-depth knowledge in the trading markets. The simplicity of the coin will really help you build your business and get your portfolio started.

The Stability Of Gold

The Krugerrand is nothing more than a one-ounce gold bullion that has been minted into a coin. Investing in Krugerrand means that you are investing in gold. Throughout the years, gold has proven to be one of the most stable investments on any market. In addition to this, gold is and probably always will be a global commodity. Individuals from all around the world understand the true potential and stability of this metal and that is why they are always willing to invest in it. Krugerrand is also quoted to the US dollar and is always rising in value. There have been drops in the past, but they were low to minimum drops.

Invest Affordably

Since your business is always up and down, you are probably hesitant about putting your money into anything, afraid that you might lose what little you have accumulated. Sure, as discussed before you always need to make sure you have enough liquid cash on hand at all times to handle your obligations.

However,

Krugerrand really solves this problem on its own. You don’t have to throw everything you got right into one basket. The Krugerrand can be bought and sold in a variety of increments. You can buy as little as one-tenth of an ounce or you can buy as much as an ounce. Purchase a little when you are down and when you are up purchase a lot.

Always In Demand

It is not uncommon for businesses these days to find themselves in a down period for two or three months at a time. Unfortunately, it can be hard to save enough liquid cash to cover a down period like this.

And, there is where a lot of businesses fall into trouble. However, this is something that Krugerrand can help with as well. Not only is the coin always in demand, but also it can be sold and converted extremely fast. Sell off what you have accumulated and cover your down period.

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.

We Buy Krugerrands

The above Krugerrand prices are indication prices only and are subject to the transaction being  telephonically or electronically confirmed

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.

I Want To 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

The Krugerrand remains the worlds most popular and actively tradedFrom 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.  

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

The table below illustrates Krugerrand mintages.

I Want To Buy Krugerrands

Here’s how to buy Krugerrands

If you are sold to the idea of collecting Krugerrands for whatever reason, gifting or to complement your investment portfolio, FNB has an easier way for you to buy and store your gold via a digital platform

With the FNB online platform you can buy and track your Krugerrands.

Here’s how to buy Krugerrands from the FNB digital platform:

  1. Log onto www.fnb.co.za
  2. Click on the share + Gold Tab
  3. Click on My Portfolio tab on the left hand side of the screen
  4. Click Krugerrands under Buy heading
  5. Select the account
  6. The system will provide you with estimated quote of the amount of coins you want to buy based on the funds in the account
  7. Click on Buy on the type of coins you want to buy
  8. Enter the amount of coins you want to buy

In a statement of dealing Krugerrands, Aneesa Razack CEO of FNB Share Investing, offers the following motivations.

  • Krugerrands are linked to the international value of gold, which means that the investment is protected from local currency volatility and devaluation and therefore a true global investment you can rely on.
  • Gold is considered a safe haven because of its properties as both a hedge against inflation, and its pricing in dollars – the reserve currency globally.
  • Krugerrands have proven to be a valuable investment choice as the value of 1 ounce of a Krugerrand has increased by more than 870% between January 2000 and January 2018 – outperforming all other asset classes, while the price of gold has increased by roughly 370% over the same period.
  • Krugerrands are also VAT zero rated and attract no trading fees, ultimately lowering transaction costs. There are, however, custody fees of 0.86% per year based on the value of your investment holding in Krugerrands and a monthly account fee, just like most banking products.

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