1/10 Krugerrand Coin – A Classic Investment Option

Written by admin on February 22, 2010 – 4:20 pm -

The 1/10 Krugerrand coin is a highly coveted coin when it comes to investing in gold bullion or when it comes to simply investing in coins for a coin collection. When the Krugerrand coin first came out, people in America were not allowed to possess gold bullion. In contrast, coin collectors could legally own foreign coinage, so the gold content in Krugerrand coins made them an ultra attractive investment in the late 1960s. Of course, the ability to import the Krugerrand was later banned in the United States as well as other countries in the world. Meanwhile, countries began making different gold coin offerings so that collectors and investors could still satisfy their desires to collect and invest.

At first, South African Krugerrands were only offered in a single weight: one ounce coins. After the ban on Krugerrands was finally lifted in the 1990s, coin collectors and gold investors could invest in a variety of different weighted coins. Coins were offered in one ounce, half ounce, quarter ounce, and one-tenth ounce weights.

It was not until some twenty years later, after the initial introduction of the Krugerrand, in the 1980s, that the Krugerrand became available in the 1/10 Krugerrand coin version . These coins, as well as other Krugerrand weights, still remain remarkably popular among gold coin investors and collectors around the world. The Krugerrand coin has an astonishing and striking appearance and it stands out from other coins with ease; the Krugerrand is designed with a copperish tone which gives it a distinct and well-defined luster. The copperish tone comes from the copper alloy that is mixed with the 22 karat gold used to craft the coins.

The 1/10 Krugerrand coin is the smallest of the Krugerrand coin offerings with a diameter equaling 16.55 millimeters and a thickness equivalent to 1.35 meters. It nevertheless has a 91.67 gold purity and it contains 3.110 grams of gold. Along the outer edge of the one-tenth ounce Krugerrand, there are exactly 115 lines in its reeded edge. The coin is minted by the Rand Refinery located in South Africa in Germinston. The obverse side of all Krugerrand coins has the profile of Paul Kruger, and the reverse side of the coinage bears an image of a springbok. The artwork on the coins was originally crafted by the famed African sculptor, Coert Steynberg.

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Krugerrands for Sale – A Guide for the Neophyte Coin Investor

Written by admin on February 22, 2010 – 4:18 pm -

Are you currently looking for Krugerrands for sale so that you can begin a brand new coin collection? Do you really know what to look for in Krugerrands for sale? As a neophyte coin investor, how can you be confident that you are getting a genuine Krugerrand? There are a number of ways to identify a Krugerrand and to ensure its authenticity. You can protect yourself by checking out coin sellers and knowing what to look for.

When you are searching for Krugerrands for sale, you will want to give serious thought about who you shop with or where you shop. There are two primary methods for getting quality Krugerrands for sale: you can work with a local coin dealer or you can use a coin seller's services on the Internet. Either way, you will need to research the background of a seller to know that you are working with a trustworthy coin seller. If possible, speak with the coin seller in person to get a feel for the person, and check out the seller's website in full before you buy any Krugerrands for sale. Check into what kinds of guarantees the seller offers and check into refund options too; this will help protect you if you should find you are dissatisfied with any Krugerrands that you might buy.

New coin investors may feel troubled when it comes to ascertaining a coin's authenticity; since there are well over 54 million Krugerrands that are presently in circulation, it might also prove difficult for the new coin investor to know if he or she is making a quality coin selection. A neophyte coin investor should therefore become familiar with the common coin specifications associated with Krugerrands for sale. A clear understanding of what the coin should look like and knowledge about special markings, mint markings, the dates of mintage, and common coin attributes will help a new coin investor feel more confident when making a purchase.

What's more, having knowledge of coins before buying gives the coin buyer added protections; it is less likely that someone will take advantage of you if you have a sound knowledge about the coinage you are investing in. An investment in a coin guide or conducting research on the Internet before making a purchase is a highly recommended action for all new coin buyers.

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History of South African Krugerrand

Written by admin on October 23, 2009 – 3:17 pm -

South African krugerrand

The South African Krugerrand is a gold bullion coin. It was first minted in 1867 and it was the first coin to contain one full ounce of fine gold. Interestingly, at that time in the United States of America, private gold ownership was prohibited among citizens. However, because the South African Krugerrand was legal tender and a foreign coin, people could own them creating a vehicle by which gold bullion could be procured by common citizens who could pay for it.

During the 1970s and 1980s, there were economic sanctions placed on South Africa due to apartheid. This made the South African Krugerrand an illegal import in many western countries making them nearly impossible to obtain. These sanctions were lifted but not until 1994. Today, it is the most widely known bullion coin and the most widely owned enjoying 90% of the market in 1980. This is due to the fact that they were the first and the longest to be minted. The Canadian Maple Leaf was the next gold bullion coin to be minted to enjoy some popularity but not until 1979.

The design itself features Paul Kruger on the obverse. He was the President of the old South African Republic. On the reverse, there is a springbok which is a national symbol of South Africa. The reverse also shows the gold content, the name “South Africa” which is shown in both English and Afrikaans.

The South African Krugerrand is minted in many content levels of bullion including one ounce, one half ounce, one quarter ounce and one tenth ounce. According to refinery records, 46 million ounces of these gold bullion coins have been sold through 2008.

The South African Krugerrand continues to enjoy a popularity that is above and beyond other bullion coins produced in other countries. It is the most widely recognized, the most widely purchased and the most widely sought after. The South African Krugerrand will continue to remain a popular choice for people interested in collecting gold bullion far into the future.

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Why Gold Krugerrands are Safe Investment Today

Written by admin on May 6, 2009 – 9:44 pm -

gold krugerrand Krugerrands are, without question, an excellent coin investment. These coins are specifically designed to be invested in; made of gold bullion the Krugerrand is a safer type of investment simply because the price of gold withstands the test of time. Stocks and other forms of investments can be tremendously and sometimes frighteningly volatile, but the values associated with these coins do not demonstrate such volatility.

Krugerrands are special coins which consist of twenty-two karats of gold aptly mixed with copper in order to lend supreme durability to the coins. If the coins were crafted out of twenty-four karat gold, a far softer metal, these coins would become damaged quickly and rendered at a far lesser value than if they are undamaged. Thus, the durable quality of these coins makes them a worthwhile investment for the coin collector or investor.

Many coin collectors like investing in the uncirculated coins because they are considerably higher in value when compared to Krugerrands that have been circulated. Proof versions of the coin are also tremendously well-liked. All of the latter types of coins can be shopped for and purchased via Internet buying methods too. Now, the coin collector no longer has to go to physical coin auctions and from one coin dealer to the next to get Krugerrands. This means that more coins are accessible and the competitive pricing for Krugerrands makes the coins more affordable than before.

Krugerrands can be bought securely from online auctioneers and some auctioning sites present buyer protections too. This means that the coin collector or investor can rest assured in knowing that if the Krugerrands purchased via Internet pursuits are not authentic, that he or she has financial protections in place. Such protections are not necessarily in place when a coin collector buys Krugerrands from a dealer at a physical location or a private seller offering Krugerrands via classified ads and other forms of advertising.

Krugerrands are the best gold investment; they give the coin collector or investor tangible gold products that are set to increase in terms of value in the future. The simplicity of purchase and the ability to shop around for high quality coins also make these coins a wise investment. Finally, the sheer durability of these coins assures the collector or investor that he or she will have little difficulty finding the coins that he or she seeks in good to excellent condition.

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What You Need to Know Before Buy Krugerrand

Written by admin on April 19, 2009 – 3:01 pm -

Are you thinking about buying Krugerrand? It is no surprise that you might find yourself interested in making a Krugerrand purchase. These coins have become intensely favored by avid coin collecting enthusiasts and investors from around the entire globe. Originating from South Africa, Krugerrand gold coins have come to be appreciated by avid coin enthusiasts because they are capable of retaining value over time.

When you invest in these types of coins you will be buying gold coins that weigh precisely one ounce or less, and the coins created are a mixture of gold and copper. Novice coin collectors might fear that the copper mix in the Krugerrand will cheapen the value of the South African coin but this is not at all the case. When the coins are assessed for value, the gold in the coin’s mix is all that is considered. The actual alloy mix results in the one ounce coin possessing more than ninety percent gold and the actual weight in gold that the coin offers works out to be a total of 33+ grams.

An authentic Krugerrand is very easy to identify. On the obverse side of the Krugerrand, the portrait of Paul Kruger can be identified: Kruger was actually the final president of South Africa. His profile is facing left and arched in front of Kruger’s profile are the words “SUID AFRIKA” which is followed by the words “SOUTH AFRICA.” Meanwhile, the reverse side of the coin bears the image of an antelope seemingly frolicking in a thatch of greenery. The antelope depicted is actually a species of African gazelle. The date the coin was created is separated and depicted on both sides of the gazelle; the first two digits of the year appear on the left of the gazelle and the remaining two digits of the year appear on the right. Arched beneath the gazelle depiction are the words “FYNGOULD 1OZ FINE GOLD.” Arched above the image is the word “KRUGERRAND.”

The above description of the Krugerrand is primarily based upon the one ounce coin offering. There are different denominations of these gold coins which include the one-half ounce of gold, one-quarter ounce of gold, and one-tenth ounce of gold. The one ounce coin is the most coveted for clearly obvious reasons.

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Best Time to Buy Gold Krugerrands

Written by admin on March 30, 2009 – 2:57 pm -

krugerrands-1ozCoin collectors everywhere are presently investing in the popular gold Krugerrands coins. The premiums associated with Krugerrands are lower than those premiums associated with standard American Gold Eagle coins, and this could be one of the primary reasons for the high demand for gold Krugerrands. Gold Krgerrands are definitely appreciated over the years since their values are much based on the gold content the coins carry. Coin collectors question when is the best time to purchase Krugerrands.

When it comes to gold bullion coins, gold Krugerrands has been created and minted more than all other gold bullion coins. There are more than 40 million gold coins minted since the late 1960s with the majority of such coins being crafted between the 70s and 80s. The increase in the creation of more coins in the latter mentioned decade is due to a serious increase in the demand for Krugerrands at the time when consumers were looking for safe investment/inflation protection that is offered by gold.

At one point, the importation of gold Krugerrands was banned by the congress in order to protect the domestic gold bullion sales in the mid 1980s. Later, in the mid 1990s the banned was lifted and once again, the trading of this popular gold bullion coin began. However, since the gold Krugerrands were banned for nearly a decade by then, other coins gained more popularity, and the prices of Krugerrands declined considerably. Nevertheless, these coins regained the popularity since the late 90s. Today they are one of the most popular gold bullion items among today’s avid coin collectors and many coin collectors are still seeking to add these Krugerrand coins to their collection.

The best time to buy gold Krugerrands is now. As one of the safest and most popular method to combat the recession and deflation, gold becomes even more popular in the global economic crisis. Nowadays the gold prices continue rising, resulting the steady appreciation of gold Krugerrands. Available in four different sizes including the one ounce, the half ounce, the quarter ounce and the one-tenth ounce varieties, Krugerrands are very affordable and easily accessible. These types of coins all featuring the same depictions on their fronts and backs, are made of 22 karat gold and copper alloy mix. Several thousand of these particular coins are bought and sold on a daily basis. Low in price and set to appreciate in value over time. That's why many coin collectors are so interested in buying these tremendously popular coins today.

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Krugerrand Bullion Buying Guide

Written by admin on February 3, 2009 – 3:16 pm -

1 oz Gold Krugerrand

With the gold prices at record highs and the World economy on the downside, more and more smart investors are converting some of their assets to gold in order to hedge against the falling dollar. After all, no other investment has the wealth preserving power as gold does. Buying Gold Bullion especially South African Krugerrand Bullion, is the most practical and popular way of owning gold.

"Bullion" is a form of metal in which its value comes primarily from the worth of the precious metal instead of an imprinted currency value. Gold Bullion coin such as Krugerrand, is priced and sold according to the weight of gold it contains, plus the additional premium it carries. Many countries have or are minting bullion coins.

The Gold Krugerrand was World's first national Bullion. Minted in South Africa back in 1967, Krugerrand Bullion coins were named after the Old South African president Paul Kruger, Krugerrand's obverse side features Paul Kruger, and the reverse depicts South Africa's national symbol, the Springbok antelope. Today, gold Krugerrands come in four different sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. 1 oz gold Krugerrand is by far the most popular Krugerrand coin and is widely traded worldwide.

Here is the 1oz Krugerrand gold coin specifications:
Weight: 33.9305 gram
Gold Content: 1 troy oz (31.104 gram)
Diameter: 32.61 mm to 32.77 mm
Thickness: 2.74 mm to 2.84 mm

There are many sources to purchase Krugerrand Bullion today. You can visit local coin shops, or order from mail catalogs. In my opinion, however, the best place to purchase Krugerrands is online. KrugerrandGoldCoins.com offers a wider selection and up-to-the-minute deals comparing to the traditional coin retail shops.

One tip for buying Krugerrand Bullion online is to buy from a reputable seller. You can look up the sellers' feedback scores, or carefully read the comments from previous customers. Ideally, you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer.

Click here to shop for Krugerrand Bullion now!

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South African Krugerrand Prices

Written by admin on February 3, 2009 – 3:12 pm -

When estimating South African Krugerrand Prices, you should count both "spot price" and premium or markups over spot.

South African Krugerrand is World's first bullion coin. Minted since 1967,Krugerrand was named after the last president of the old South African Republic, Paul Kruger. The 1 oz Gold Krugerrand coin was also the first gold coin that contains exactly one ounce (33.93 grams) of pure gold. In fact, Krugerrand coins didn’t have monetary value imprinted on them. Krugerrand Prices are based upon the market value of one-ounce pure gold.

Besides the “spot price” indicated above, you have to add premium for Krugerrands when estimating Krugerrand prices. Gold Krugerrands, like Mexican Gold 50 Peso, carry small premiums (5% to 10%) depending on purchase quantity. The smaller premiums are, the more gold you'll get for your money, making Gold Krugerrand an ideal option for small investors.

When gold price fluctuates in the market, the price or value of Krugerrand changes correspondingly. For instance, back in early 2006 when gold prices were around $550 per ounce, you could buy 1 oz Krugerrand for about $550 to $600 each. When gold price jumped to $900 per ounce today, the 1oz Krugerrand price is now close to $950 each. In other words, Krugerrand prices constantly fluctuate as gold prices do in the market place. So you must watch gold prices closely, and decide if it's time to buy, sell or hold krugerrands, anticipating a higher price.

With the world economy in turmoil, you should start looking for a safer and more effective investment to protect your assets beyond stocks and mutual funds. As the most popular gold coin with small premium, gold Krugerrands are often recommended especially towards small investors. The current market trend shows that Krugerrand Prices may continue increasing as the gold prices jumping north of $900, making buying Krugerrand a great investment option to consider.

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Why You Should Buy Krugerrands Now

Written by admin on February 3, 2009 – 3:10 pm -

With the world economy wobbling and rescue package after rescue package not seemingly doing any good, you should start looking for better ways for investment and asset protection beyond stocks and mutual funds. Smart investors have recently turned to gold.

Investing in Gold has long been proven one of the safest and most effective ways to protect personal assets against the inflation and uncertainties. For average Americans, the easiest way to add gold to their investment portfolios and protect their hard-earned money during recessions is to buy gold coins, especially those gold coins with small markups such as South African Krugerrand. Buying Krugerrands is now considered the No.1 choice for small investors to protect their assets.

Here are 5 good reasons why you should buy Krugerrands now!

1) For centuries, gold has been Recession Proof, and this has been proven during countless crisis situations over the past centuries.

2) Buying gold coins is one of the most practical ways to physically own gold. Gold Krugerrand coins are small weighing no more than 1 oz, making them easy to store and transported.

3) Gold Krugerrand coins, especially 1 oz Krugerrand coin, is the ideal coin for you to start. The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold online or at the gold dealers everyday, making Krugerrand one of the most popular Gold Coins among investors.

4) Since gold Krugerrand coins are already well known in the industry and any dealer are readily trade them, Krugerrand coins could be easily converted into cash should the need arise. This allows you to liquidate your asset very quickly when necessary.

5) Gold Krugerrands carry small premium over spot. That means Krugerrand coins cost less per ounce than the standard American Eagle Gold Bullion and thus give you more gold for your money. If you have $5,000 or less to spend, I recommend you put half in US 90% silver coin, and half to buy Krugerrands.

Click here to buy Krugerrands now!

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Tips for Buying Cheap 1 oz Gold Krugerrand

Written by admin on February 3, 2009 – 3:05 pm -

1-oz-gold-krugerrandWith the World economy turmoil, it is no secret that we are living in uncertain times. Seasoned investors have recently been turning to one of the safest investment- gold, and gold coins in particular. Gold is Recession Proof, with its price recently hitting $900 per ounce. Gold coins, especially low-premium gold bullion coins such as 1 oz gold Krugerrand, have become favorites of seasoned gold bullion investors.

1 oz gold Krugerrand is the best known of all the modern gold bullion coins. Made from exactly 1 oz of pure gold, 1 oz Krugerrand gold coin is one of the most available and best-priced coins of its types on the market. In comparison to sovereigns, 1 oz gold Krugerrand coin may not look as nice as other coins for collection purpose. However, It is extremely popular as a solid investment against recession and deflation. What they lack in looks, however, they make up for in high cost effectiveness for small investors who want to buy more gold for the fixed budget.

Considering gold is now trading around $900 per ounce, you may ask how it is possible to buy cheap 1 oz gold Krugerrand coin now. Firstly, you need to do a bit research yourself, checking gold trading prices on daily basis and read some expert analysis of gold market value trending. Decide the timing of purchase is an important factor to get a good deal, since the 1 oz gold Krugerrand coin is valued at the current market value of 1 troy oz. gold. In other words, the coin's value is based upon the market value of one-ounce 22 carat gold it contains

In addition, try to buy 1 oz gold Krugerrand coin online via auction sites such as KrugerrandGoldCoins.com. Forget about local Gold Coin retailers or dealers ----- We now live in the “cyber-society” thanks to the Internet. Online Gold Coin auctioning has become a flourishing and very active market. Online auction sites such as  KrugerrandGoldCoins.com tend to offer wider selection of Krugerrand coins and list up-to-the-minute deals constantly, due to the nature of these sites.

Remember to always purchase 1 oz Gold Krugerrand from a reputable seller, by looking at their feedback score. You can also view the comments previous customers have left for the seller. Ideally, you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer.

Click here to shop for 1 oz Gold Krugerrand now!

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