Current Value of a Krugerrand
Many readers have been asking about the current values of a South African Gold Krugerrand Coin. And while the price is constantly changing, I thought that this recently article might give you a good overview:
The Current Value of a Gold Krugerrand Coin
In 1967 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 and was valued with the monetary value of gold. 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 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 Krugerrend 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.
If you are looking to buy krugerrand gold coins at a good price, you may need to check out south african krugerrand.
Since Krugerrand / Canadian Gold Maple Leaf Gold Coins are not sealed is it safer to buy assayed gold bars?
Question by zrs: Since Krugerrand / Canadian Gold Maple Leaf Gold Coins are not sealed is it safer to buy assayed gold bars?
Also how does one check against receiving counterfeit Krugerrand / Canadian Gold Maple coins? What does assaying mean? Is it a guarantee?
Best answer:
Answer by edgetrader
zrs:
Not sealed for what purpose? The coins you
mentioned circulate through dealers and between
individuals and are accepted as such.
When gold is assayed, its fineness, or purity is
being measured, and stamped as authentic by
the company doing the assaying so as to let
anyone know the legitimacy of the gold content,
by weight.
Add your own answer in the comments!
Now on eBay:
South Africa Gold Krugerrand, 1975 Bullion
$1,620.00
1h 17m
1997 SOUTH AFRICA GOLD 4 COIN 30TH ANNIVERSARY KRUGERRAND SET NGC PROOF 69/70 UC
$4,500.00
27d 15h 25m
South Africa Gold Krugerrand, 1979 Bullion 1 Ounce
$1,625.00
1d 4h 5m
