The first gold coin to contain precisely one ounce of fine gold, the gold Krugerrand was the original bullion coin to be tenderable at the market value of its face gold content and was intended from the moment of creation to enable ownership of gold amongst private individuals. Bestowing legal tender status upon the gold Krugerrand opened up ownership to citizens of the United States which at that time prohibited private ownership of bullion but allowed ownership of foreign coins. Today the gold Krugerrand, along with the gold Sovereign represents the most popular gold coin investment that we see.
Further information on the 1 Oz Gold Krugerrand
Since 1967, the first year of mintage of the 1oz Gold Krugerrand, until present day this iconic 1oz gold coin has maintained its status as the most traded gold bullion coin in the world. Produced by the South African Mint and Rand Refinery, the unique coin has dominated the gold coin market since its arrival on July 3rd 1967.and every new instalment bears the current year.
The 1oz Gold Krugerrand depicts the 3rd President of The South African Republic, Paul Kruger on the obverse of the coin, hence the name ‘Gold Krugerrand’, a compound of the surname Kruger and South Africa’s currency ‘the rand’. The reverse of the Gold Krugerrand depicts a Springbok, the national animal of South Africa and this spectacular reverse image was designed by sculptor Coert Steynburg.
Why do investors favour the 1 Oz Gold Krugerrand
The unprecedented success of the Gold Krugerrand ultimately encouraged other world mints to start manufacturing and producing their own national gold bullion coin which naturally instigated growth across the bullion market. Today The 1 oz Gold Krugerrand and its denominations are a widely recognized and liquid asset, making it an excellent choice for investors who want to buy and sell gold quickly and easily. Moreover, it is among the most traded gold coins in the world, making it easy to sell or trade at any desired time.
Trust & credibility you can rely on
It's important to buy gold from a reputable online dealer, such as a bank or a well-known precious metals retailer such as Hatton Garden Metals. This will help ensure that you're getting a high-quality product and that your transaction is safe and secure. By choosing a gold bullion dealer with transparency and fair pricing, reputable bullion dealers empower investors to make informed decisions and navigate the complexities of the gold market with confidence. When it comes to investing in gold, trust in a reputable bullion dealer is key to buying gold bullion in a safe and secure way.
History of The 1 Oz Gold Krugerrand.
The name ‘Krugerrand’ was derived by combining the name of former South African president Paul ‘Kruger’, with ‘rand’, the monetary unit of South Africa. The rand is also linked to the Witwatersrand, meaning ‘the ridge of white water’, which is an influential gold-production area in South Africa.
| Mint: |
Rand Refinery |
| Origin: |
South Africa |
| Item Code: |
FK |
| Carat: |
22.00ct |
| Gross Weight: |
33.93G |
| Fine Content: |
31.10G |
| Condition: |
Bullion Grade
Bullion Coins & Bars are physical precious metals which are designed specifically for investors. The intrinsic value of your item is determined by the weight, purity and the precious metal’s daily market price.
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Hatton Garden Metals maintains that this item is purchased solely for investment purposes, the price of your gold bar/coin is based on a moving and live gold market. We always provide the lowest possible premiums to our clients, allowing you to purchase gold coins and bars at the lowest price available. Images are product examples only. For further information on whether you should purchase gold coins or gold bars please call our office on 0207 404 4000 where we will be happy to assist you in your purchase requirements.