2017 1oz Gold Krugerrand
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2017 Gold Krugerrand Coin
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 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.
Coin History and Mintage
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.
Our Expert Opinion
The Gold Krugerrand ticks a lot of boxes for the avid gold investor. As the best-known world 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.
Orders are delivered free of charge within the UK only.
Delivery is in non-branded tamper proof packaging by Royal Mail Special Delivery and is fully insured. Delivery usually takes place before 1pm on the day following despatch, but some areas may run over this timeframe.
Maximum value per parcel is £50,000, so larger orders will be sent in multiple installments.
When placing your order, the delivery address needs to match the registered address of the buyer.
You’ll receive a despatch email with a tracking link once the goods are sent so you can see the status of the delivery and location of the parcel.
In the event that no-one is in to receive the delivery, you’ll be left a red card confirming attempted delivery, with confirmation on the Royal Mail tracking page. You then have the choice of arranging redelivery or picking up the parcel from your nearest sorting office.
For more details please see section 4 of our Terms & Conditions and our Delivery & Storage page.
If you request storage for your order, your goods will be sent free of charge to the storage vaults.
All gold & silver orders are stored at Loomis International in the UK and held on a fully allocated and segregated basis.
Storage fees are 1%+VAT/year for gold and 1.5%+VAT/year for silver, subject to minimum charges.
Please see further details of storage fees and minimum charges on our Storage & Delivery page.
Storage is charged at point of purchase by selecting ‘Buy with Storage’ to the next semi-annual pay date. Semi-annual storage dates are 15 March and 15 September each year and are subject to minimum charges for the period.
A recurring storage fee will be taken from your card at each semi-annual storage date.
You can opt to have your goods delivered at any time, subject to delivery charges of £25 +0.25% of the metal value.