Celebrating its 50th anniversary in 2017 the 1oz Gold Krugerrand coin is quite possibly the best-known bullion gold coin in the world.
This is a brand-new bullion finish coin. Coins will be packaged loose for small quantities and orders of 10 or more may come in a tube.
This anniversary coin, minted by the South African Mint, has the portrait of Paul Kruger on the obverse and a Springbok Antelope on the reverse as well as a ‘50th anniversary‘ privy mark.
Each coin contains 1 troy ounce of fine gold and there is a limited mintage of 100,000.
The first Krugerrand was struck on 3 July 1967. It was named after the president at the time; Paul Kruger and the unit of currency in South Africa, The Rand.
During the 70’s and 80’s, some countries banned the importing of this coin due the actions of the apartheid government in south Africa, but these days, it is one of the most recognised and collected coins in the world.
It was originally produced at approximately 40,000 units per year and this grew until a record breaking 1978 when 6 million coins were produced.
The springbok used on this coin was designed and engraved by sculptor Coert Steynberg and was first used on the 5-shilling coin in 1947.
As this is the 50th anniversary of the Krugerrand, this is the first time it has been produced in different metals and denominations.
The Gold Krugerrand ticks a lot of boxes for the avid gold investor. As the best known foreign gold coins, it enjoys a very deep second-hand market, providing strong liquidity when you wish to sell.
It’s high circulation volume lends itself to low prices, meaning it’s one of the cheapest ways to own gold bullion coins. For further value still, the Best Value Gold Krugerrand is cheaper still, appealing to those happy purchase pre-owned gold coins and receive more gold for their money.
For UK investors, a serious alternative would be to buy Britannias. These coins are essentially Royal Mint’s attempt to replicate the success of the Krugerrand. The added advantage with these coins is that they don’t attract any Capital Gains Tax on profits made, due to their legal tender status.