Krugerrand Value
Throughout the ages the shimmering beauty of pure gold has captivated mankind and the desire to own exquisite objects crafted from this precious metal.
Gold coins have always represented the ultimate in wealth and prestige.
An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our scrap gold price per gram calculator). A lower domination in perfect condition could result in you getting much more. The Gold Krugerrand Coin is made from 22 karat gold, or 91.67% in pureness. They were launched for the first time in 1967 and conquered 90% of the precious metals market by 1980. Even though these coins bear no face value, they have a value based on the pure gold used to mint these coins.
For collectors no other metal can match the quality and lustre of coins struck in the finest gold. South Africa ranks among the very few countries where gold coins have been minted as negotiable currency and still remain available for general purchase, allowing collectors to own a share in the countries production of fine gold.
The first Krugerrand’s,consisting of 1 troy ounce of fine gold were struck by The South African Mint on 3 May 1967 .The design of the Krugerrand was based on the ZAR or Kruger Ponde, historical coins of South Africa,
The obverse (front) of the Krugerrand depicts the bust of Paul Kruger who was president of the ZAR (Zuid Afrikaansche Republiek), which comprised of the old Transvaal, when the Witwatersrand gold was discovered in 1886.
The reverse of the Krugerrand depicts a prancing Springbok.
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