Buy Krugerrand Coins
Krugerrands were first Issued in 1967 but the 2 oz version wasn't minted until 2018 on the 50th anniversaryIn 1967, the South African Krugerrand was introduced by the South African Mint and Randy Refinery. That first year, the mint produced 40,000 bullion coins and only 10,000 proof versions. On the obverse of the 2 oz gold proof coins is the image of Paul Kruger which was last updated in 1984 by Otto Schultz and it captures the left-profile bust of the first elected President of the South African Republic. Paul Kruger led the first independent nation of South Africa from 1883 to 1900.
buy krugerrand coins
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Collectors may notice that finding South Africa Gold Krugerrands from the earlier days of production are deemed very difficult, since from 1967-1969, only 40,000 coins were minted each year. The number increased, in 1970, to 200,000 and by 1978, a total of 6 million South Africa Gold Krugerrands were minted. Following the apartheid, the number of coins minted dropped significantly to 23,000 in 1998 but have since steadily rose again.
Buying Gold Krugerrand Coins online is simple. Simply lock in the price of the product at any time via our website. The price is held for you regardless of your method of payment. For the fastest service, sending a bank wire is the preferred payment method for buying gold bullion. We even offer the option to buy Gold Krugerrand coins and pick them up in our physical location.
Introduced as a vehicle to privately own gold, the South African Gold Krugerrand was introduced in 1967. In 1980 the Krugerrand accounted for 90% of the worlds bullion coin market. Since 1980 the coins have also been available in fractional sizes such as half ounce, quarter ounce & one-tenth ounce.
South African Krugerrands are some of the longest continuously circulating gold bullion coins in the world. Because of their high purity and storied history, investors from all over the world clamber to get their hands on this series of coins. As a product of the South African Mint, every Gold Krugerrand is backed by the government of South Africa.
After many years of shipping South African gold to England, striking it into coins, and shipping the coinage back to South Africa, the English realized that it would be much simpler to construct a Royal Mint branch in South Africa and eliminate all the transportation. In 1923, the Royal Mint of Pretoria began producing coins for South Africa that were identical to British coins (pounds and half pounds). In 1932, the last South African gold pound was produced as the country stepped away from a gold standard. In 1941, the Royal Mint of Pretoria was handed over to the government of South Africa, though the coins being produced remained unchanged.
The Gold Krugerrand coin was introduced by the South African mint in 1967 as an avenue to private gold ownership for South African citizens. At that point in time, no other national mint was producing gold bullion coins at all comparable to the Krugerrand. Unfortunately for many people, when the coin was first introduced and many years thereafter, the apartheid government of South Africa made it illegal for many countries to import Gold Krugerrands. By 1994, however, apartheid was done away with and Gold Krugerrands were able to be exported more freely.
Throughout its history, varying amounts of the coin have been produced on an annual basis. In the early years (late 1960s), less than 100,000 were produced on an annual basis. After the turn of the 1970s the annual mintages of Krugerrands began to increase rapidly. By the end of the 70s, millions of Krugerrands were produced every year. After apartheid, however, annual productions fell and remained low throughout a large portion of the 1990s. Today, annual mintages of the Krugerrand regularly exceed 200,000 coins.
Individual Gold Krugerrand coins will be safely placed in vinyl coin flips as to protect them during the shipping process. Larger order quantities will be packaged in sealed plastic tubes. All orders will be dispatched in discreet packaging and your bullion will be safely secured for shipping.
Because Gold Krugerrands have been minted for so many continuous years, most of which yielded well over 100,000 coins, they are readily available in most every size. The 1 oz Krugerrand is without a doubt the most popular and is available at Silver.com currently as a varied year coin.
We stock ounce and ounce, along with 1 ounce mixed years Krugerrand coins, which means that whatever your budget you can invest in or collect a piece of world history. You can view our collection here.
Commemorative R5 coins that are in circulation (circulation coins are the coins that the South African Mint produces for everyday transactions) retain their value of R5 only. The SARB does not buy back circulation coins.
Coins, including proof coins, are purchased for their gold content at the prevailing gold price. Customers are paid out in rand. Payments to customers are processed electronically and customers receive funds directly into their bank accounts. A receipt is handed to the customer at the time of concluding the transaction.
The SARB will only pay for the gold content of any Krugerrand, and Protea or Natura series gold coins offered. The prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin(s) on the day of selling. It should be noted that no premium is paid for the scarcity or collectability of any coin(s) offered for purchase by the SARB. Authorised coin dealers or coin collectors are more likely to pay a premium for collectable coins.
The SARB only pays for the gold content of the coins offered. However, proof coins can be sold to an authorised coin dealer or coin collector who might be willing to pay a premium for the coins based on their scarcity and condition.
The SARB does not sell coins to the public. Gold coins, including Krugerrands, can be purchased from the South African Mint or authorised coin dealer. A list of accredited authorised gold coin dealers is available on the South African Mint website.What price can I expect the SARB to pay for my Krugerrands or other acceptable gold coins?
The SARB buys Krugerrands, and Protea and Natura series gold coins from the public. However, the SARB will only pay for the gold content of each coin and no premium is paid for the scarcity or collectability of the coin. Authorised coin dealers or coin collectors are more likely to pay a premium for collectable coins.
In 1874, the British government decided to establish a mint in South Africa to produce coins for the colony. The mint was built in Pretoria, and it began producing gold coins in 1892. The first coins produced by the mint were the gold "pond" coins, which were equivalent to one pound sterling.
In 1923, the mint was moved to a new facility in Pretoria, and it began producing gold coins as well as silver. During World War II, the mint produced medals and other items for the war effort, and it also produced coins for other countries in the region.
In 1961, South Africa became a republic, and the mint began producing coins for the new government. The first coins produced for the republic were the gold "krugerrand" coins, which were introduced in 1967 and quickly became popular among investors around the world.
Today, the South African Mint is a subsidiary of the South African Reserve Bank and continues to produce coins for South Africa and other countries around the world. It is known for producing high-quality coins and medals that are sought after by collectors and investors alike.
If you want to buy Krugerrands, you will want to pay buy the lowest premium Krugerrand. At Chards, we have cheap Krugerrands for sale at a very low premium above the gold spot price. These are Our Choice One Ounce Gold Krugerrand coins. Secondary market (sometimes called pre-owned or secondhand) are our cheapest Krugerrands, they are our choice of date and are chosen at random from available stock.
As with most bullion coins, there are quantity breaks available and the more you buy, the lower the price per coin. We also sell Our Choice Minty Krugerrands - you will pay a slightly higher premium.
If you are looking for a particular date of Krugerrand or a collectors' proof Krugerrand coin or set, take a look at our wide range of coins here. All our coins on our website can be bought easily online. if you do not see what you are looking for or would like assistance, call our team on 01253 343081 and we will be happy to talk you through the process.
The Krugerrand was the first modern one ounce bullion coin and it took the world by storm. Produced by the Rand Refinery in South Africa, the Krugerrand was a brilliant way to utilise the huge amounts of gold that the mines were producing by bringing investment gold bullion in the form of coins to the average man in the street. Suddenly, everyone could be a gold investor. The gold Krugerrand made gold coins easy to trade, as gold has always been priced in troy ounces. You can find more information on our History of the Gold Krugerrand blog. Prior to 1967, you could see the gold price and if you knew the gold content of your coins you could calculate the intrinsic value of your coins, but the cheap Krugerrand coin made this so much easier. 041b061a72