Guide to Buying Krugerrand and Gold Eagle Coins

February 14, 2011 · Posted in Buying Krugerrand Coins · Comment

Buy Krugerrand? Anyone aspiring to purchase gold bullion coins today will soon realize that a myriad of choices exist.

The Canadian Maple Leaf, the Australian Kangaroo, a British Sovereign, the Mexican Peso, and the Austrian Corona are just a few of the many gold coins one can purchase through dealers and mints.

When choosing a coin type for purchase, an individual must consider the actual reasons for the purchase. A number of investors, both large and small, are diverting fair percentages of their assets into physical gold coins. Doing so allows them to retain physical wealth without cash flow requirements, corporate managers, or connections to shaky markets.

Gold bullion coins are small, easy to hide, and highly movable during an emergency or disaster. In a time when the world's lending institutions have lost the public's trust, purchasing increasingly valuable gold bullion coins is becoming a feasible choice for many investors.

What gold bullion coins should I buy?

One popular coin across the world is the South African Krugerrand. This coin was first issued in 1967 by the South African Mint and is named after Paul Kruger, a former South African president and famous figure in the South African Republic's formation. Existing as a legal tender coin, the Krugerrand is alloyed with a small amount of copper to aid in scratch and dent resistance.

Prior to the Krugerrand's minting, the only way to purchase gold bullion worldwide was to buy gold bars. The Krugerrand was the first gold bullion coin to contain exactly one troy ounce of gold. The Krugerrand comes in four denominations based on weight in gold: 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce. In the United States, this gold coin is presentable at any bank for exchange of currency, and its value is easily recognizable. Over 54 million Krugerrands are in circulation worldwide.

When purchasing a Krugerrand, a buyer will pay a premium amount above the spot price. Of all gold bullion coins, this coin sometimes sells for the smallest premium and sometimes costs less per ounce, making it the most affordable bullion coin on the market.

Another common coin is the United States Gold Eagle, which like the Krugerrand, is considered legal tender. This coin was first issued in 1986 by the United States Mint and is the top-selling gold bullion coin worldwide.

The coin's Walking Liberty face design was inspired by the American sculptor Adolph Weinman and copies the Saint-Gaudens gold coin face. The coin's reverse has a gold eagle designed by Miley Busiek, and indicates the amount of gold (in troy ounces), purity, and face value of the coin.

Due to unprecedented demand in 2008, sales of these coins were actually suspended for a short period from August 14 to August 25!

Gold Eagles, like Krugerrands, are easy to buy and convert to cash at most coin and precious metal dealers. This coin sells in 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce forms.

The US government guarantees the weight, content, and purity of each coin. Over 11 million Gold Eagles have been sold worldwide since 1986.

Mark Walters is founder of CreatingWealthClub.com. He is predicting a period of hyperinflation and explains how to protect your buying power in his new book Buy Gold Now...www.BuyGoldNowGuide.com

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Tags: Buying, Coins, Eagle, gold, Guide, Krugerrand.

Krugerrand Bullion Buying Guide

January 20, 2011 · Posted in Buying Krugerrand Coins · 7 Comments

With the gold prices at record highs and the World economy on the downside, more and more smart investors are converting some of their assets to gold in order to hedge against the falling dollar. After all, no other investment has the wealth preserving power as gold does. Buying Gold Bullion especially South African Krugerrand Bullion, is the most practical and popular way of owning gold.

"Bullion" is a form of metal in which its value comes primarily from the worth of the precious metal instead of an imprinted currency value. Gold Bullion coin such as Krugerrand, is priced and sold according to the weight of gold it contains, plus the additional premium it carries. Many countries have or are minting bullion coins.

The Gold Krugerrand was World's first national Bullion. Minted in South Africa back in 1967, Krugerrand Bullion coins were named after the Old South African president Paul Kruger, Krugerrand's obverse side features Paul Kruger, and the reverse depicts South Africa's national symbol, the Springbok antelope. Today, gold Krugerrands come in four different sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. 1 oz gold Krugerrand is by far the most popular Krugerrand coin and is widely traded worldwide.

Here is the 1oz Krugerrand gold coin specifications:
Weight: 33.9305 gram
Gold Content: 1 troy oz (31.104 gram)
Fineness:0.917
Diameter: 32.61 mm to 32.77 mm
Thickness: 2.74 mm to 2.84 mm

There are many sources to purchase Krugerrand Bullion today. You can visit local coin shops, or order from mail catalogs. In my opinion, however, the best place to purchase Krugerrands is online. Online Gold Coin auctioning has become a flourishing and very active market, offering wider selection and up-to-the-minute deals comparing to the traditional coin retail shops.

One tip for buying Krugerrand Bullion online is to buy from a reputable seller. You can look up the sellers' feedback scores, or carefully read the comments from previous customers. Ideally, 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.

I recommend you checking out Krugerrand Bullion Sale. It is a specialized Gold Krugerrand for Sale site, offering a great selection of Krugerrand coins for sale. This website makes finding your dream Krugerrand bullion coins a million times easier. Be sure to try this website before you buy.

Wilson Snyder is a freelance writer. Learn more about "Krugerrand Bullion" at Krugerrand Coin for Sale.

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