krugerrand

1 oz Gold Coins

Most experts agree that 1 oz gold coins are the best types of investment when it comes to buying gold. Aside from the ease with which these coins can be stored, they also entail lesser expenses for the buyer. The characteristics of this type of coin make them one of the most sought after coin in the market in terms of investing. The one ounce coin has been the most popular in the Western hemisphere and has become a sort of standard when it comes to buying gold coins. Aside from that, you can easily know how much your coin is worth since the amount or price of gold at the market is usually expressed in terms of one troy ounce.

One ounce gold coins became a fad with the advent of the African Krugerrand. This coin, which was made from a lower karat of gold but has a weight of one ounce, became popular with investors since they are able to get a larger amount of gold at a lesser premium. Most of the coins that time were smaller in weight but could be bought at a higher price only due to the cost of production. With the lesser premiums came greater demand for the coinage which was produced by South Africa. Although this demand was checked by the temporary ban on the coin due to the apartheid system during that time, it nonetheless left its imprint in the international market for gold.

After this, other countries began developing their own one ounce gold coins – the Australian Kangaroo, the Canadian Maple Leaf, the Chinese Panda, the Austrian Philharmonic, and the American Eagles and the American Buffalo. Most of these coins are made from 24 karat gold exempting the American Eagle which has an alloy to make it sturdier against handling. Pure gold is very soft and is not good if handled too much or dropped. They are easily disfigured but with an alloy, it becomes more viable for storage.

Compared with other sizes, the one ounce coin is still considered to be the best when it comes to investing purposes. The smaller types of coinage have higher premiums than that of the one ounce coin since the cost of production is usually just the same but the gold content is lesser. Larger pieces such as ten-ounce and one-kilogram coins are just not that easily to transport and cannot be divided or split easily if you are in need of smaller quantities. Hence, these types of coins are usually produced at lesser quantities and are only bought for other purposes aside from investing.

[ad name=”Content”]

Aside from these reasons, it is also good if you can easily assess the value or worth of your gold at the current market price – which is expressed in one-ounce terms. When investing, information is definitely a good device. So if you can easily compute your investment’s worth – which is in one ounce coins – then it will be better for you. One ounce gold coins are definitely a better choice when thinking of investing your wealth in gold coins.

Buy Krugerrand Gold Coins

Buying Krugerrand gold coins from collectors and investors is quite popular due to it being the official gold coin of South Africa and one of the most popular coins in the world today. It was first produced in 1967 and was made from 22 karat gold in order to withstand usage. The coin was used as a legal tender and hence was used for daily purchasing transactions. After a decade of its issuance, the coin became the most bought gold coin in the world which just showed how popular it had become to gold buyers all around the world. Although buying the coin has been prohibited in the United States because of some political issues regarding the South Africa’s policy of apartheid, it remained a popular coin for collectors due to its beauty and durability.

When the coin gained such popularity during the 1980’s, the South African government also approved the making of smaller sizes of the coin which are one half of an ounce, quarter of an ounce, and one-tenth of an ounce. The total weight of the gold content of a South African Krugerrand is exactly one ounce. This is one of the gold coins in the world which contains exactly one ounce of gold in its weight. It is made from 91.67 % pure gold, which is relatively lower than other gold coins, but this mixture creates more resistant to damage and scratching. It contains an added alloy of copper making it much harder than the 24 karat types of coins. The composition of this coin became a model for the first American gold coins due to its toughness. Even its size was also made as an ideal model due its popularity in the United States.

The Krugerrand is named after the famous South African politician, Paul Kruger and the official currency of Africa, the rand. The coin bears the image of Paul Kruger in its obverse side and the South African springbok on its reverse. This coin is only produced with limited numbers of proof coin sets which are all merely for numismatic purposes. These coins cost a lot more than the regular coins due to the process by which their designs are engraved on the coins. Buying these coins will definitely be more than investing in their gold contents. Even though this coin’s circulation was temporarily prohibited due to the apartheid policy of South Africa, it still had a lot of buyers in the United States due to the large amounts of these coins that were already in the US before the ban.

[ad name=”Content”]

The popularity of this coin, which makes it an ideal investment since it can be readily sold anywhere in the world, makes it an ideal investment. The legal tender of this coin, which depends upon the value of gold at the time of its usage, will also make it highly usable for purchasing. The Krugerrand is still one of the most sought after gold coins in the world today which can be justified by the millions of ounces of these coins that have already been sold throughout the world for the past decades.

Krugerrand Value

To determine the value of the Krugerrand coin you must first determine the quantity of gold in your coin, then compare the amount of gold to the current spot price. Buying Krugerrands is rising in popularity as it is one of the best ways to convert your cash into an investment that will not be affected by any change in the situations in the market. It is also the official coin of South Africa which makes it a safe option when investing in gold. It typically contains an exact one ounce of gold in every coin. The value of this gold coin depends on the current market value of gold plus an additional margin from the seller or dealer. They are however priced cheaper than other bullion gold coins such as the American eagle due to the past banning of the coin in the United States. But all in all, the coin is worth its value and even more due to its strength and durability which cannot be found in purer gold coins. They are also one of the more highly prized gold coins due to their rarity and designs.

The Krugerrand is one of the most popular bullion gold coins in the world due to their lower costs and also the variety with which investors can buy them. They range in sizes from one ounce up to one-tenth of an ounce which provides more flexibility for the buyer. Aside from this feature, it is also one of the first gold coins to be manufactured as a bullion coin in the world. Its success helped brought about the creation of other gold coins in the world particularly in the United States and also in Australia and Canada. It was issued as a coin which can be used for regular transactions involving monetary considerations and hence can be used just like a normal coin although its value is a bit higher. The value of what you can buy with this coin will depend on the current price of gold in the international market. So, what you have in your hands is something that will most likely increase in value although you are not adding any new material to it.

The current gold price for a Krugerrand ranges from $1,711 to $1,685 depending on which seller you are buying your gold coin from. Some of these prices do not yet contain the additional charges for shipping and insurance which can still cost you a significant amount. They also charge different rates of premiums which can greatly affect the price of the gold coin. However, you can get a discount when you buy on bulk since the premium decreases significantly as the amount of your purchase increases. So it is better if you will buy at least ten coins at a single purchase.

[ad name=”Content”]

Unlike other gold coins, the Krugerrand does not contain any face value in its face. The worth of the coin will change depending on the current price of gold in the market. Having a 22 karat gold which has an alloy of copper, it appears less golden when compared to other gold coins in the world. But although it may be so, it does have a much resistant composition which is just needed since it is used for circulation.

South African Gold Coins

There are a variety of gold coins in South African that have been issued by the South African Mint for several decades now. They come in a variety of gold karats and also of weights which makes it easier for a prospective buyer to choose the specific coin which will suit with his buying capacity. The most famous of these gold coins being the Krugerrand, which has also been issued in several commemorative sets and also in varying weights. They also have gold coins that showcase their famous animals and also plants and also some of them were produced to commemorate famous sports events and personalities. The variety will definitely suit different tastes and needs for gold coin collecting.

The Krugerrand is the most famous of all the South African gold coins that were issued by their mint. It is made from a more durable 22 karat gold mixture. These coins are packed in special cases depending on what you would need and also comes with their own certificates of authenticity. You can buy them either in bullion form or in the proof form which will cost you a lot more. It contains an exact one ounce of gold although its total weight is a little more than that.

Aside from this coin, there are also several other gold coins that were issued by the South African Mint such as the Burgersponde, which was created in 1874 in order to commemorate the discovery of gold in a new site in Africa. There has also been a collection of coins which were struck in the Mint which was similar to the coins of Great Britain in 1891. They consist of the pound, half pound, the crown, and the penny which was all issued in limited numbers making them quite a set to collect. There is also the Sammy Marks tickey which was issued on 1898 when Sammy Marks was given the privilege of using the government mint for one day. This coin is made from 22 karat gold and only 215 pieces were made. There is also the 1898 Pond coin which has features two nines instead of the one large nine which is the original design for the coin.

You can also choose the Protea set coins which depict the famous flower of Africa, the protea. Aside from this, the coin also contains some major events in African history on its reverse. It is a good piece if you are interested with coins depicting famous historical events since the coin features a different event in each new issuance. The coin has featured Nelson Mandela and the Archbishop Desmond Tutu to commemorate the great influence that they had in the making of the history of Africa.

[ad name=”Content”]

There is also the Natura coins which depicts some of the largest animals in Africa such as the Eland, the Hippopotamus, the Lion, the Gemsbok, and the Rhino. These animals are considered as the best in Africa and hence were chosen to represent this particular set to show the greatness of Africa.