Also, does anybody have a comprehensive list of 1 oz. 12-16-2008, 01:39 PM #2. The Beginning of South Africa’s Modern Gold Coin. As an investment into a physical asset, this is very important. (800) 933-4720, Hours  Krugerrands are the world’s most popular gold bullion coins, with more Krugerrands having been minted and sold than any other modern gold bullion coin. Why were the offices of the Liberty Dollar raided this past year? Read more. Also, contrary to popular belief, gold tones, just like silver or copper tones. Remove this section of ads by registering. Getting ahold of Krugerrands may be difficult, however, as the South African Bank imposes hefty fines on South African residents looking to export Krugerrands. However, they cannot be included in precious metals IRA’s. Additionally, “Krugerrand” is trademarked by Rand Refinery Limited. Prior to 1995, Centurion was known as Verwoerdburg. While the coin’s mass brings it to 1.09 troy ounces, the coin’s monetary value is whatever the market rate of a gold troy ounce happens to be on the day of sale. As a result, they are the oldest minted gold bullion coins that remain in production today. Do not let the CGT put you off. At its pinnacle in the year of 1970, our gold mines produced a 1 000 tons of gold. As a gold bullion coin, South African gold Krugerrands are as good an investment as any other form of gold coin. Krugerrand Krugerrands Value Gold. The coin has also been minted with less-pure gold in half ounce, quarter ounce and one-tenth ounce sizes. Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. By 1980 the Krugerrand accounted for 90% of the global gold coin market. Krugerrands are made of an an alloy, Buffalos are not, so of course they are different colors. Buying Krugerrands during these times could be seen as approval of the practice, and so some Western countries such as Great Britain made the Krugerrand an illegal import during these times. By volume, it is indeed the most popular bullion coin. The first national bullion coin in the world, the South African Krugerrand coin was first issued in 1967 to demonstrate the quality of that country's gold. Share on: Twitter Facebook Google+ Pinterest Reddit Stumble it Digg LinkedIn Del.icio.us. A Krugerrand can be recognized by the following details: The coin’s name comes from combining Paul Kruger’s surname with the “rand,” South Africa’s national currency. Monday – Friday: 9:30am – 5:00pm A Krugerrand is simply Gold bullion minted in the form of a one … reporters) mention rejoicingly that they have a Krugerrands. Was gold illegal to own at one time ? Remove this section of ads by registering. South African Krugerrands are a low-priced, high-quality gold bullion coin … Ultimately, the United States banned the import of Krugerrands in 1985. Gold demand continued to remain strong for the next decade and the Krugerrand enjoyed a special status as the only readily available one ounce gold coin. Made with .9167 fine gold (22k), the Krugerrand is a universally recognized gold coin. — Preceding unsigned comment added by 105.184.149.125 09:43, 9 December 2018 (UTC) Silver Krugerrands most definitely exist, I have some of my own. It is known for its durability (from gold alloy), iconic design, and high gold purity. During the 1970s and 1980s, the Krugerrand was designated an illegal import in many Western countries due to the policy of apartheid in South Africa. While these coins were once considered illegal due to growing sanctions over South Africa’s apartheid policy, those sanctions were lifted with the abolition of apartheid in 1994. There were several videos, including stackers' videos on YouTube with ladies praising their Krugerrands. These coins are minted by the South African Mint, located within Centurion, South Africa. More than 25,000 gold Krugerrands are minted annually. There was a time, however, when it was illegal … There are more Krugerrands in circulation than all the other gold bullion coins combined. The Krugerrand is named after Paul Kruger, the 5th president of South Africa and war hero of the Second Boer … Krugerrands have been minted since 1967. © 2014 Liberty Coin Service All Rights Reserved. How much is a krugerrand worth in us dollars today sa kruger traders we and krugerrands krugerrand wikipedia 1 ounce krugerrand south africa numista south africa 1 oz gold krugerrand random year coin online. Daily Price Quotes All other silver Krugerrands prior to 2017 are fake and illegal, even if they contain 99.99% silver. Why were the offices of the Liberty Dollar raided this past year? Prior to 1967, the year that the coin was first minted, Verwoerdburg was known as Lyttleton. Dimes All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States. Fractional Currency The weight and dimensions of a 1-ounce Gold Krugerrand are 33.93 grams, 32.77 millimeters (mm) wide and 2.84 mm thick. By 1980, the Krugerrand had captured 90% of the world's gold coin market - and it has been estimated that, between 1974 and 1985, the United States imported 22 million gold Krugerrand coins. By 1980, the Krugerrand had captured 90% of the world's gold coin market - and it has been estimated that, between 1974 and 1985, the United States imported 22 million gold Krugerrand coins. In the 1970's, its popularity boomed and it was the number one choice of gold investment among collectors and investors. Gold Krugerrands The 1-ounce gold Krugerrand is 91.67% fine gold, and weighs 1.0909 troy ounces. Diameter: 32.60 MM, 1.28 Inches Dollars “New Listings” Dr.3D. In the US, though, American Gold Eagles are the most popular and carry a slightly higher premium than Krugerrands. The South African Government perceived an opportunity to serve this market and introduced the Krugerrand in 1967. Just like when buying and selling a house, it is not only the price you manage to purchase the property at but … Ancients and Medieval Parties interested in acquiring or selling a collection of these particular gold coins within the States have both internet and brick-and-mortar options for purchasing. While these coins are equivalent to 1.09 troy ounces a piece, only 91.67 percent of the coin is actually made of gold. The coin soon regained its momentum among buyers and dealers. Lansing, MI 48912 All of this was in spite of many Western countries making the Krugerrand an illegal import. Cash in your Treasures, Helpful Travel Tips for International Travelers, Colonial It’s probably legal in most places but the obvious question is why you’d want to. If you are interested in purchasing South Africa Krugerrands, please call one of our traders at 800-527-2375 for up to the minute pricing information. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind. Dr.3D. To date, over 50 million ounces of krugerrands have been sold around the world. At the 1979-1980 peak of the gold market, it was the best selling gold bullion coin in the World. In fact, they are the most popular gold bullion coins in America. Further, for a while the U.S. Mint was not able to supply enough 1-oz Gold Eagles.So, a major wholesaler began importing, for the first time in decades, new Krugerrands. While apartheid made it illegal to import the Krugerrand to many Western countries during the 70s and 80s, it continued to have a large demand in the East, with countries such as Iran, Turkey, Thailand, Hong Kong, Taiwan and Latin America. As a result, premiums on Krugerrands fell below that of other competing bullion coins. Proving its worth, the South Gold Krugerrand continues to be one of the most highly sought after choices for gold bullion in the world. The reverse of the coin depicts a variety of antelope known as a springbok. While one coin may have the same red-gold shimmer as the year it was issued, another may have taken on the classic yellow-gold tone. All other silver Krugerrands prior to 2017 are fake and illegal, even if they contain 99.99% silver. Five-Shilling pieces mines produced a 1 000 tons of gold coin willing to sell of gold coin on. A South African Krugerrands are a low-priced, high-quality gold bullion coins past, Krugerrands are as good an into... 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