Gold Krugerrand 1/1 oz

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Gold Krugerrand 1/1 oz

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Coin case philoro dark blue - Coin diameter 33 mm
Coin case philoro dark blue - Coin diameter 33 mm
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Product Details

Delivery is upon availability. Unfortunately, the year of issue cannot be chosen. Investment gold is tax-exempt according to § 6 Abs. 1 Zi 8j UStG.

More about Gold Krugerrand 1/2

The Gold Krugerrand is a South African gold coin, first minted at Rand Refinery in Germiston close to Johannesburg in 1967. It is the most widespread bullion coin in gold. It is available in units of 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce. The Krugerrand gold coin has a fineness of 916,7. The alloy with copper gives the coin a reddish color and enhances the scratch resistance.

The design of the gold coin

The Gold Krugerrand is named after the South African president Paul Kruger (1882-1902) and the South African currency “Rand“. The front shows Paul Kruger’s portrait. On the back is a springbock-antelope, the heraldic animal of the Republic of South Africa. Despite the Gold Krugerrand not having any currency indicator it is considered legal tender. The value is determined according to the price of gold on every business day. The London Gold Fixing functions as value indicator.

During the first three years of mint, the batch of Krugerrand gold coin was under 50.000 ounces per year. After that, production increased fourfold and reached its peak of up to 6 million ounces during the oil crisis. In 1986, the imposition of sanctions to fight apartheid led to a sharp decline in production which lasted until the abolition of the embargo on imports in 1999.

Gold Krugerrand 1/2 - buying at philoro

We gladly offer expert consulting on buying and selling gold coins. Besides the Gold Krugerrand, we offer a fine selection of prestigious gold coins from all around the world. We guarantee the highest level of quality as we only work together with worldwide authorized and established producers.

See our wide range of products for yourself: visit us in one of our stores or buy gold coins online. At philoro, you are certainly better advised!

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Technical Details

Product ID1001

ManufacturerRand Refinery

Country of originSouth Africa

Diameter32.7

Thickness2,8 mm

Gross weight33.93 g

Year(s) of issueVarious Years

Fine weight1 ounces

Purity916.66

Precious MetalGold