Krugerrands are among the world’s most popular gold bullion coins. Easy to recognize, international trade for these coins is readily acceptable. Krugerrands represent the largest quantity of gold coins in existence. Since 1967, they have surpassed 54 million minted.
There are four Krugerrand gold coins produced each year. They include a 1/10 troy oz. coin, a 1/4 troy oz. coin, a 1/2 troy oz. coin and a one troy ounce coin. The most popular coins include the 1/4 and one troy ounce coins.
Paul Kruger is pictured on the obverse side of the coin. He was the last and longest-serving president of the old South African Republic that was defeated by the British. The South African Springbok gazelle is on the reverse. The coins popularity is based less on its aesthetics then on its trading convenience.
However, collectors can also purchase Proof examples of the coins at a slight premium above the coins’ precious metal value. Proof Krugerrands are available from coin dealers around the world. The most popular Proof Krugerrands include the 1/10 troy oz. Proof coin and the one troy ounce Proof coin. They are sold in presentation cases with a certificate of authenticity that provides collectors a safeguard against fake pieces that sometimes enter the numismatic market.
Until 1974, U.S. citizens were not allowed to own gold bullion. But as legal tender foreign coins, they could own Krugerrands. Purchases of the Kruggerrand could not be made in the United States from 1985 through 1994, when the coin was banded in many countries across the world because of South African apartheid policies. The ban did not affect the active trade market already occurring in the U.S., but it did give American Gold Eagles opportunity to gain control of the U.S. market.
As you can see, South African Gold Krugerrands are popular gold bullion coins because they are well-known for their purity and durability. As a result, be sure to visit your nearest coin dealer or precious metal trader for more information about these gold bullion coins. They can help you learn more information about how adding South African gold Kruggerands to your precious metals holding can diversify your portfolio.
Feel free to click on the following links to learn more about 1 gold coins such as the gold sovereign and to find places to buy gold.
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