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Important Features of the Krugerrand Coins
The Krugerrand, issued only in South Africa, was the first gold coin to be denominated in ounces of pure gold. The value of the Krugerrand, which is measured exactly in 1oz, 1/10 oz, 1/4 oz, 1/2 oz of pure gold can be easily determined at any time.
World's first bullion coin
The Krugerrand, issued only in South Africa, was the first gold coin to be denominated in ounces of pure gold. It was first mass produced as a 1oz gold bullion coin in 1970. Fractionals (1/10, 1/4, 1/2) were introduced in 1980. The imagery and name of the Krugerrand is known to millions of people all around the world.
Traded internationally
Krugerrands can be bought from, or sold to, thousands of coin dealers and banks worldwide. As the Krugerrand is so well recognised, buying and selling these coins internationally is very easy.
Traded for their gold content
Krugerrands carry only a small premium (mark-up) over the value of their true gold content. This is unlike any other collector or numismatic coins, where the value is normally dependent on their rarity and condition. In a nutshell, Krugerrands have been designed for people who want to invest in gold.
Value easily monitored
The value of the Krugerrand, which is measured exactly in 1oz, 1/10 oz, 1/4 oz, 1/2 oz of pure gold can be easily determined at any time. This is because the gold price is quoted internationally in troy ounces.
Legal tender coins
Krugerrands are minted in South Africa by the South African Mint. They have always been legal tender coins under South Africa legislation. As legal tender coins, they do not need to be assayed or melted down upon re-sale, unlike many other gold cast and minted bars.
Durable
Krugerrands are sturdy and have a gold purity of 22 carat, which makes them hard enough to resist normal scratching and denting. This is a very important feature as most soft 24 carat coins and bars are more easily damaged and require protective packaging.
Portable
Krugerrands are easy to transport and store.
Minted in South Africa
Krugerrands are minted by the South African Mint from gold coin blanks supplied by Rand Refinery Ltd. The South African Reserve Bank has authorised Rand Refinery Ltd., the world's largest single-site gold refining and smelting complex, as the sole entity to sell Krugerrands from source to primary distributors worldwide. Rand Refinery Ltd. is owned by leading South African gold mining companies.