Krugerrand Gold Coins – Five Advantages Of Buying Gold Krugerrands Compared To Similar Bullion Coins

December 22, 2010 · Posted in Buying Krugerrand Coins · 13 Comments 

Krugerrand gold coins are the oldest among all modern gold bullion coins. Released in 1967 through the South African government, its popularity became so good that it lead to the mintage of various other well-known gold bullion coins including the Canadian Gold Maple Leaf and the American Gold Eagle.

I covered the Krugerrand's basic history and information in my previous article entitled, Krugerrand Gold Coins - The First Contemporary Gold Bullion Coins. I also covered some interesting facts and trivia about the coin in a follow-up article, entitled, Krugerrand Gold Coins - 10 Fun Facts.

In this article, I'd like to talk about the advantages of buying Gold Krugerrand coins versus other modern gold bullion coins.

1. High Durability

The 22k Krugerrand contains a gold alloy combination of 91.67% gold and 8.33% copper. The inclusion of copper makes them more durable than other 24k modern gold bullion coins. The coin is highly resistant to scratches, dents, and nicks!

2. Low Price

The Krugerrand generally has the lowest premium over the spot price of gold. At the time this article was written, the coin was trading at .00 over spot compared with .00 for the Canadian gold maple leaf, .00 over spot for the American Gold Eagle, and .00 over spot for the gold Buffalo!

3. Instant Liquidity

Because the Krugerrand gold coin isso well-known, it is super easy to buy and sell them both locally and internationally.

4. Easy To Store

Like most gold bullion coins, the compact size of the Krugerrand makes it convenient to store and transport. Most Krugerrands are packed in three inch plastic tubes that fit nicely inside home safes or safety deposit boxes in banks.

5. Better Than Bars

While it's true that the premium on gold bars is generally lower than that of gold coins, unlike Krugerrand gold coins, it's a pain to store and transport them. Plus, most gold bars must be assayed when sold, an additional cost that you don't have to worry about when selling the Krugerrand!

Whether you are just starting to purchase gold bullion coins or are looking to add to your collection, I think you'll agree that the gold Krugerrand is not only a great deal but a high-quality bullion coin that should be the cornerstone of any investor's portfolio. In my next article, I'm going to take a look at how to buy Krugerrand gold coins without getting ripped off!

Looking for great deals on  Gold Krugerrand coins? Go to: ==> http://BullionBargains.us
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This video shows how the Krugerrand authenticates a 1 oz. Gold Krugerrand according to diameter, width, and weight (or if you prefer, density).

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The Gold Kruggerand Coin

January 18, 2010 · Posted in Buying Krugerrand Coins · Comment 

Krugerrand coins were first printed in 1967, in South Africa. These coins were ideal for investment in gold by individuals as they contained exactly one ounce of pure gold. Not only is the Krugerrand thought to be the most owned gold coin on the planet, but it was actually the very first gold bullion coin made specifically for investment. Even American citizens were allowed to purchase the coins for investment. At that time, they were forbidden from the private bullion ownership, but since the Krugerrand was legal foreign tender, these specific coins were permitted to be owned.

There are an estimated 46 million Krugerrand gold coins in circulation, making it the most commonly owned gold coin on the planet. The coin was named after Paul Kruger, the president of the South African Republic, whose likeness appears on one face. The other side of the coin features a springbok, which is a popular symbol of South Africa. Under the springbok the gold content is depicted, and the name "South Africa" in two languages (Afrikaans and English). Krugerrands are printed with many different quantities of gold. There are one tenth ounce, one quarter ounce, one half ounce, and one full ounce varieties. Krugerrands are unique in that they have no set value, and instead trade for a little higher than the daily market price of gold.

Although other countries produce their own bullion coins, the South African Krugerrand has consistently remained the most popular in the world. The Krugerrand is the coin most people seek after, most often buy, and it is the most recognizable. It is virtually guaranteed that people will continue to invest in gold in the future, and the South African Krugerrand is likely to be a popular choice. As a testament to the popularity of this beautiful coin, many other nations began manufacturing gold coins of their own, two of the most popular examples being the American Gold Eagle and the Canadian Gold Maple Leaf.

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