Krugerrand Gold Coins

The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold at the gold dealers stores or online everyday, making Krugerrand one of the most popular Gold Coins among investors and collectors. So what is the Krugerrand Price today?

First minted in 1967 by the South African government, the gold Krugerrand coin is the first coin to be valued at the current market value of 1 troy oz. gold. In other words, the krugerrand coin didn’t have monetary value imprinted on it. Its value is based upon the market value of one-ounce 22 carat gold it contains. Once the gold price fluctuates in the market, the price or value of Krugerrand changes correspondingly. For instance, the 1oz krugerrand price would be around $700 when the market value of gold is $700. If at the time, the gold price jumps up to $900, the 1oz Krugerrand price would increase to $900 accordingly.

Besides the “spot price” indicated above, you have to add premium for the Gold Coin when estimating the gold coins prices. Gold Krugerrands, like Mexican 50 Peso gold coins, usually carry small premiums from 5% to 10% depending on the coin sizes and purchase quantity. Usually 1 oz Krugerrand coins carry the smallest premium, while the smaller fractional sizes coins (1/2 oz, 1/4 oz and 1/10 oz) carry higher premiums.

Because of the recent world economy in turmoil, more and more smart people turn to gold investment as a way to protect their personal wealth instead of buying stocks. The current market trend shows that the Krugerrand Price might continue increasing, making it a safe investment especially for small investors.

We live in uncertain times. The more prudent investors have recently been turning to one of the safer forms of investment - gold, and gold coins in particular. Gold prices hit $1000 on ounce earlier this year as investors plied their savings into stocks of the precious metal. According to the World Gold Council total investment in gold rose by 163% in the first quarter alone.

One of the most popular ways to invest in gold is to buy gold coins such as Krugerrands or Sovereigns. Items such as Krugerrand coins, which individually are 1oz of pure gold, are easily available from such diverse places as on-line auction site EBay.. Many industry commentators are openly suggesting that investors buy stocks of gold coins as safe, long term investments.

When comparing your options for buy gold coins there are several factors to consider depending on which coin you are buying. The main factor is to compare the percentage over the standard market gold price for each type of coin.

Gold Sovereigns

Experts believe that Sovereigns are often worth paying the slight extra premium for. Their small size and historic significance make them very attractive to most investors.. Sovereigns are better known that some other types of gold coins, Krugerrand coins for example, and have the added advantage of being exempt from Capital Gains Tax if you live in the UK. It is suggested that if you can buy sovereigns within 2% of the price of Krugerrands coins that this makes them a better long term buy.

Krugerrand Coins

Krugerrand coins are the best known of all the modern gold bullion coins. These one ounce solid gold coins are more easily available in greater quantities and can generally be bought at lower prices than any other. In comparison to sovereigns, Krugerrand coins do not look as nice, nor are they of such historical significance, but as a solid investment they are still extremely popular. What they lack in looks, however, they make up for in high production quality and they are a cost effective way for small investors to buy gold.

With the weakening of the dollar and rising price of gold, the monetary standard of the world was changing, and gold would play a growing part in those changes. As a result, people are buying more gold as investment such as gold bars and gold coins. Among all kinds of gold coins available on the market, krugerrand gold coin is one of the best choices for gold investors.

The South African Krugerrand is the world's first gold bullion coin and remains one of the most successful gold coins ever minted. Released in 1967, the Krugerrand is an international symbol of wealth. The obverse features South African Republic's first president, Paul Kruger. The reverse depicts South Africa's symbol, the Springbok gazelle. Krugerrands come in four sizes: 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce. All four gold coins carry the same design. 1-oz Krugerrands are by far the most popular and generally can be found in large quantities.

The South African Krugerrands made gold ownership simple by providing a one troy ounce unit of gold that was easy to buy and sell all over the world. Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. Because of this reason, Krugerrands enjoy the most active secondary market of all modern gold bullion coins, with thousands changing hands daily.

Krugerrands are very popular as an investment because the premium over spot is usually pretty low. These days if you pay 1% over spot you are doing great, but with gold soaring right now it will take some research to find the right dealer.

To buy krugerrand at the cheapest market price, you should check out KrugerrandGoldCoins.com.

The Krugerrand from South Africa is used at tender at the market value of it's gold content. Not intended to be used for currency, it is considered as a medal or bullion coin.

Krugerrands are available in a variety of sizes making them a great investment for those that want to build their gold investment slowly. . Krugerrands are one of the worlds most popular gold coins with over 42 million minted. Krugerrands are inexpensive and readily available.

Krugerrands are 91.67 pure gold and one troy ounce would weigh in at 1.0909 to provide one troy ounce of pure gold, with the remainder of weight consisting of copper giving the Krugerrand a slight orange tint. Not to worry, almost all modern coins in circulation use some alloy to make coins harder and more durable.

Krugerrands are very popular as an investment because the premium over spot is usually pretty low. These days if you pay 1% over spot you are doing great, but with gold soaring right now it will take some research to find the right dealer.

One of the best ways to purchase any gold coin is online at KrugerrandGoldCoins.com.
Our gold auctions always prove that the value of a coin is only what is buyer is willing to pay for it, and it gets right down to the real action.

KrugerrandGoldCoins.com has a flourishing and very active market, and here is the place where you can really get the best values buying and selling your gold coins. It is easy to search for the coins you wish to acquire at KrugerrandGoldCoins.com. Just type whatever you want in the search box and you will view all the auctions related to the coin.

One of the best features of KrugerrandGoldCoins.com is that you can view what each particular coin sold for in the past 90 days, a great tool for making sure you get the best value for your money. When you are viewing the auctions, just look over to the right and you will see an option for "completed items". Just check the box and there it is! the outcome of every auction in the past 90 days.

You may ask, is it safe to trade online? The answer is yes. There are many ways buyers are protected, but the best way to determine if a dealer or individual are reputable is to look at their feedback score and you can also view the comments previous customers have left for the seller

Optimally you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer. Look at the total comments left in the upper right hand corner of the auction page.

If you are going to purchase or sell Krugerrands or any other coin just keep an eye on the market as daily fluctuations can be dramatic at times.

The Gold Krugerrand is from South Africa and was first minted in 1967. It gets its name from Paul Kruger who was the old South African president. The Gold Krugerrand is said to be the first gold coin that contained 1 ounce of gold in it. Gold Krugerrands were meant for the purpose of private ownership by the people. It was even given the status of legal tendership. Thus it enabled the citizens of the United States to buy Gold Krugerrands. This was a good thing for them because they were not allowed to buy bullion at that time. The Krugerrand is considered as legal currency but people hardly use it for that purpose.

This coin is also know as "Medal Coin" and is quite popular among the coin collectors. One side it has the picture of the old president and on the reverse of the gold krugerrand depicts a spring book antelope. This is one of the national symbols of the South Africa. On it the name "South Africa" and the gold content are shown in both English and Afrikaans languages. One Troy Oz of this coin is 32.6 mm in diameter, its thickness is 2.75 mm and the purity is .917. Besides this the coin is also available in half, one fourth and even one tenth Troy Oz.

This coin became so successful that other nations also started minting their own gold coins. Some such nations were Canadian Maple Leaf 1979 and the American Eagle in 1986. The minimum purchase of this coin is 5 ounces. As far as the price of this coin is concerned it depends on "spot price" and additional premium per every Gold Krugerrand. This spot price of gold changes every day and so is reported. One can find it in news papers, radio, TV and even online. The current rate is $939.33 weighing 33.930 grams. By buying Gold Krugerrand one is investing in gold. In case of an increase in the price of gold the value of the coins will also increase and it will result in gain for investors.

We all invest our hard earned money some where or the other. Some prefers to do it in real estate, others in stocks, shares bonds etc. The current time is of uncertainty and we don't know what will happen and when. The prudent investors have turned towards gold which is a safer form of investment. Earlier this year the gold prices had reached the $1000 on ounce mark.

Many investors could be seen putting their savings in gold Krugerrands. The investment in gold has risen by a huge amount according to the World Gold Council. Many investors suggest that buying Gold Krugerrands are safe and long term investments. There are many Gold coins available in the market but the most popular ways to invest in gold is to buy Gold Krugerrands.

Gold Krugerrands are available in various sizes such as 1 Troy Oz, half an ounce, one fourth ounce and one tenth ounce. They have .917% pure gold. One can buy them fro online auctions. They can be bought easily in greater quantities compared to others and can be bought at lower prices. If we were to compare the Gold Krugerrands with other they coins they are neither of any historical significance nor do they look nice. But what matters is that they are an excellent source of investment and are very popular.

The question that comes in every investors mind is that are Gold Krugerrand a safe option? Yes they are a safe option if one takes some precautions. One should look at the feedback given buy the customers to the dealer. One should buy from only those dealers who have a 100% feedback. With today's soaring gold prices the Gold Krugerrand is a good investment. They are available at a premium of 4-5% over the intrinsic gold values. If one is buying single pieces then they will be at 10% premium.

If one had bough a Gold Krugerrand in January this year it would have cost him approximately $846 an ounce but just six months later its value gas risen to $1000 and this is expected to reach $1100 by the end of this year. That is around 30% growth over one year.

In1967 the government of South Africa decided to increase the marketing of South African gold so they minted the Gold Krugerrand. This coin was the first of its kind, which makes the gold Krugerrand one of the most popular items among gold investors and collectors. The Krugerrand value went up accordingly. So what's the current Krugerrand Value?

As investors see the uncertainty in stocks they try other investments like the Krugerrand. The prices of gold have been increasing since the start of this year. In January this year gold was about $846 and then in a time of just six months it reached to $1000. It is expected to go up to $1100 by the end of this year. Resulting in a growth of 30% these coins are generally sold at a premium of 4-5%. If one buys a single coin then it will be at a premium of 10%.

These days there are more than 54 million Krugerrands all over the world. These Gold Krugerrands are durable and are alloyed with a small amount of copper. This makes them 22 karat coins. They contain 11/12th part 24 karat gold and the other 1/12th part is copper. Copper makes them hard. Thus they become resistant to denting and scratching and getting damaged easily. They are also easy to transport and store which increases the Krugerrand value in every other sense also. It served as a prototype for other gold producing nations to launch their own such gold coins.

The Krugerrand value is calculated on the “spot price” and additional premium per coin. The spot price of gold is reported every business day. The spot price can be checked in news papers, on the radio, on the TV and even online. The Krugerrand value depends on the size of the coin also. It is available in one ounce, half an ounce, one fourth an ounce and even one tenth an ounce. What remains same in all of them is the purity that is .917.

The current Krugerrand value is $939.33. This coin is 33.930 grams and weight and 32.77 mm in diameter. The current market trend shows that the Krugerrand value will increase keep increasing thus making it a safe investment.