South African Gold Coins

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.

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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.

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.

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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.