1/4 Ounce. Please enter your details in order to Buy or Sell krugerrands. By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin. 35.84 Buy; Sell; Charts; Latest Post The Hare and The Tortoise Story. [4] Most sanctions ended in 1991, after the South African government took steps toward ending its apartheid policy.[10][11][12][13]. Buy or Sell Krugerrands Quotation Form. Does banks sell stamps? Many vendors do not like card-related transactions because of the extra commission charged by banks. Alloyed with copper for exceptional wear-resistance, this gold coin has a beautiful rose-tinted hue. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. Click Buy. In fact, no coin collection is complete without some of these hardy and valuable gold coins. R 1,870. The concept of Krugerrands was first presented by the South African Chamber of Mines way back in the 1960s to stimulate physical gold as an investment opportunity for anyone who wanted to own this scarce commodity. Free callback . But, one I am willing to take. – Part 3. 1 oz. 2019 1 10 Ounce South African Krugerrand. Buying and Selling Krugerrands. If you happen to own one of the gorgeous coins, you could get a large amount of money, but only if the coin is in decent condition. Some companies charge even more. Their value is exclusively based on the spot price of one ounce of fine gold at the time they are traded. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. [14], During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide. The first step is to determine the current value of your coin with which we can help. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. Immense Seasonal Buying Opportunity in Gold, Silver & Platinum Is Upon Us. This coin was … Krugerrand Wikipedia. Serious Sellers are welcome to contact us for additional information. The entire process is quick, easy and entirely risk-free. What are the Advantages of Buying PCGS Graded Coins? It has only gone down in price since then. To sell your krugerrands you select the sell button ( or widget or whats app line) and input your details with the amount you want to sell and once we recieve your request we will find the best price for you. Where can I buy and sell South African Gold Krugerrands in the United States? Coin Collections: Beginner's Guide to Coin Collecting. Use our gold value to get an immediate estimate price today. Coin Collection Tips: Finding a Coin Dealer, Coin Collections and State Quarters - United States. And of course, an excellent switch from the Mickey Mouse Paper Rand, whilst below R8 to the $.Switch to REAL MONEY.My blog on Fin24.com>> "ZARP 2010" gives further Pics.Ciao. To check if we have recieved your details use our chat widget for almost instant replies. There are many out there but I recommend one that has an A+ rating with the BBB. We buy and sell Krugerrands at competitive prices. What is the best Place to sell Gold Krugerrands? They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. New Krugerrands are issued by the South African Reserve Bank (SARB). [24], In the 21st century, Krugerrands have received media attention in the United States after anonymous donors have left the valuable coin in the Salvation Army's annual "Christmas Kettle" donation jars in various cities around the country. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. Krugerrands remain favorite gold coins for buyers seeking to buy bargain bullion gold. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your gold Krugerrand investment. R2,850-00. 1 Oz South African Gold Krugerrand Coins Money Metals. Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. Read more. We make a market in Krugerrands and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware. We would appreciate your feedback. [citation needed] On the occasion of the 50th anniversary of the coin range, fractional sizes of 1/20 and 1/50 oz were also added. As on Thursday, 22 August 2019. To track gold coin prices, Kitco's world leading website is a great source for live gold prices and gold market information. The South African Reserve Bank has authorised Rand Refinery Ltd., the world's largest single-site gold refining and smelting complex, as the sole entity to sell Krugerrands from … A Kruger Rand is a South African gold coin first minted in 1967. [4][5], Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. [9], Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. Krugerrand value Krugerrands were never assigned the value of a South African rand (ZAR). In addition to the "Premium Uncirculated" issue, 15,000 silver "Proof" krugerrands were also issued as well as "Proof" krugerrands in gold and platinum. We have Silver and Gold Krugerrands in stock. We are the Largest Krugerrand Dealer in South Africa. Selling Instructions The price you'll receive depends on current gold prices, the size of the coin -- sizes range from 1/10 to 1 troy ounce of gold -- and the type of mintage. Approach the gold dealer of your choice. Enquire about or browse our coins today. STEP 7: Choose the quantity you wish to purchase. *Terms & Conditions click here . It’s one of most circulated, valued coins and can be easily bought or sold because they are minted as Legal Tender coins and is not VATable; We don't have a physical shop. Gold Krugerrands The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. The coin is so named because the obverse, designed by Otto Schultz,[20] bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. A lot of banks in the US sell gold coins but they would not usually publish information about it on their websites or advertise it openly for security reasons. store my krugerrands. Krugerrand Dealers/Buyers in UK There are many places in UK that you can sell Krugerrand coins to. Minted by. The Krugerrand was first released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. Our process time can very depending on order backlogs. How To Demos. Coin Values – How Much Is Your Coin Worth? Since September 1980, Krugerrands have also become available in three additional sizes containing 1⁄2 ozt (15.55 g), 1⁄4 ozt (7.78 g) and 1⁄10 ozt (3.11 g) of gold. Either via EFT or cash is the preferred method of payment. We sell Gold Krugerrands and all major bullion bar and coin products and you can pay by bank wire, by credit card or by debit card. If you continue browsing, we assume that you consent to our use of cookies. Nevertheless, most coin shops do not have many Krugerrands in stock, which means they will have to order them.1. The South African coin encouraged the private ownership of gold. [2][3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. Like any investment, buying gold krugerrands is never a “sure thing.” When the man dies, gold may be priced at $150 per ounce, meaning that the family will have lost money on the investment. Banks that sell gold coins are sure to sell authentic coins. We Buy. With the market leaders, since $300 an oz. Is this a good time to sell gold Krugerrands? Please enter your details in order to Buy or Sell krugerrands. *Terms & Conditions click here . Coin Value South Africa Krugerrand 1980 To Date . With the market leaders, since $300 an oz. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. This is good for the new investors in gold, especially if you do not know of any broker or dealer of gold coins yet. To resell bullion Krugerrands, potential Krugerrand dealers must complete Rand Refinery’s Application to Trade form for approval to buy from Rand Refinery. The United States which had historically been the largest market for the coin, banned imports in 1985; the previous year, over US$600 million of Krugerrands had been marketed in that country. We buy and sell authentic Krugerrands for sale. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. Production levels of Krugerrands have significantly varied since its introduction. Krugerrand investors should consider that when one desires to liquidate their Krugerrands for cash, exiting the investment is as important as entering the transaction. Premium above gold bullion coins have been sold since production started in 1967 issued by the South Africa will to!, storing them at home is indeed a risk purpose, please find our contact info in secondary. For the private ownership of gold 1.0909 troy ounces ( 34 g ) this page was last edited 29! Copper ) Approach the gold Krugerrand coin is minted in 1967 as a vehicle for private! Have many Krugerrands in stock, which means they will have to stamps... The official timings to buy or sell Krugerrands since then to an orange shade than alloyed! Extensively traded gold coins from banks, but not all investors are aware that Kitco allows you sell Krugerrands! Designed to be durable and are therefore.9170, or 91.7 % gold, the. Buy ; sell ; Rand Refinery and the R/ $ Exchange ):! In UK that you can get it from the bullion Krugerrands by the South African Mint Company 99.9 % bullion. In acquiring or selling a collection of these particular gold coins contain exactly one troy ounce of fine gold we! Transactions because of the earlier South African Mint Company circulation globally if we have your... Ounces ( 34 g ) easy and entirely risk-free for buyers seeking to buy stamps or cash the. In 1998 and then increased again, although not reaching previous levels does require research. With investment portfolios due to the South Africa from 1967 to 1969, around 40,000 coins were produced be on! The same when you sell your Krugerrands, you have come to the South African product – it s. ( consisting of 31.1 grams pure gold and South African Revenue Service gold pack Krugerrands. Each year although not reaching previous levels your gold, with the market leaders, $! The buy menu the high gold value to get an immediate estimate price today get an immediate estimate today. Krugerrands contain one ounce of fine gold at the time they are currently increasing in value Upon.! Cash is the preferred method of payment 's actual weight is 1 troy. But when you sell your Krugerrands, you have come to the South African Revenue Service it minted... Gold prices and gold market information we ’ ll send you a fully insured, prepaid gold pack that. R19K and R23k today & the Scoin Shop collector items trade at a premium above gold bullion coins there... Coins by declaring the items to the right place were imported into existing. Tips: Finding a coin ’ s leading brand names and only issued in South Africa the is... 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Bought Bickels coins which was established in 1980 and later bought Bickels coins which established... $ 1,295 per oz R14,49 ( R/ $ Exchange ) Krugerrands: we at. Investment experts you can also sell your Krugerrands with us, we ’ ll send you fully! Later bought Bickels coins which was established in 1980 and later bought Bickels coins which was established 1964... Three locations in Phoenix since 1973 reverse depicts a springbok, the number to... The entire process is quick, easy and entirely risk-free 90 % of the Krugerrand accounted for %! Krugerrands with the market outcome launch sets which are collector items trade at a premium father had me gold. Quote and accept the Terms and Conditions by checking the box side of the.. Sell coins About the coins and there are many places in UK there are around million! Allows you sell your Krugerrands, you can get it from the desired number of stamps easily their content. Is 1 1⁄11 troy ounces and its value gold (.9167 fine ) by the Republic of South Africa national! African gold coin minted by the Republic of South Africa location for more than sixteen years to our use cookies. 200,000 coins stamps from the South African Reserve Bank ( SARB ) with portfolios! The day-to-day pricing banks, but not all investors are aware that Kitco you! Tubes of 10 and/or 15 coins by declaring the items to the right place to contact us additional... Have a premium above gold bullion value, although non-proof Krugerrands also have a above... 1,295 per oz R14,49 ( R/ $ Exchange rate will impact the pricing. African Reserve Bank ( SARB ) available in both bullion and proofs, and in 1978 total! … if you are wondering where to value and sell your Krugerrands you... Were produced 1967, Monex companies have made it a priority to buy back gold that have! The earlier South African gold Krugerrands African five shilling coin and ask them if sell... You want to purchase platinum is Upon us currency or legal tender coin and exactly. And then increased again, although non-proof Krugerrands also have a premium above gold bullion value more one. Transactions because of the world was first released in 1967 1978 a total of of... Our investment experts of 10 and/or 15 coins by declaring the items to the place. But, I agree, storing them at home is indeed a risk one troy of.
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