1/4 oz Krugerrand
The 1/4 oz Krugerrand gold coin is a very popular choice for gold bullion investors. It is actually the most plentiful of the gold coins and is readily available for the gold investor. The 1/4 oz Krugerrand gold coin is minted in South Africa where gold is mined at the highest rate of production in the world.
1/4 oz Krugerrand gold coin specifications:
Weight: 8.4826gram
Fineness:0.917
Gold Content: 7.776 gram (0.25 troy oz)
Diameter: 21.94 mm to 22.06 mm
Thickness: 1.788 mm to 1.888 mm
Krugerrand gold coins have some interesting features. Though these coins are minted in South Africa, they do not have a denomination on them. This is because Krugerrands are strictly an investment coin. The coin has a picture of Paul Kruger on one side and a springbok on the other side. Paul Kruger happens to be South Africa's first President.
Contrary to popular belief, the 1/4 oz Krugerrand gold coin is not 100% gold. It is made of 91.667% pure gold, the rest is Copper. In actuality this makes the coin 22 karat gold. This is commonly done by mints around the world in order to give a hardness to the coins. Pure gold bullion is very soft and easily bent and marred.
The 1/4 oz Krugerrand gold coin is one of the cheapest available in the investment gold market. The coin is about 22 millimeters in diameter. It is about 1.84 millimeters in thickness. The other sizes of this coin vary in diameter and thickness. All of the sizes of this coin are currently being minted each year. Because of its price and availability, the Krugerrand remains a favorite among collectors and bullion investors the world over.
