The South African Krugerrand

The South African Krugerrand was first minted in 1967 and is legal tender. They don’t however have a monetary face value, this means their value is directly tied to the market value of gold.

If you were selling Krugerrand you’re within your rights to exchange a Krugerrand for the equivalent cash value of 1oz of gold.

The name “Krugerrand” combines the unit of currency of South Africa, the Rand, with the last name of Paul Kruger, a political and military personality in the former South African Republic; his face appears on one side of the coin.

On the reverse side is a springbok – a type of antelope which is native to some regions of Africa. It is to South Africa, what the Lion and the unicorn is to the UK or the Eagle is to the United States

Since the Krugerrand consists of over 90% gold is contains more gold than most other alternatives. The copper content, orange sheen, and durability appeals to collectors and investors as any mark or blemish could severely diminish coin value.

The reputation of the Krugerrand is possibly its most important asset. It is said to be the most widely collected and traded bullion coin in the world. This means when you purchase Krugerrands, you can be confident that there will be a good deal of interest when it comes time to sell. This combined with the aesthetic appeal, history and design makes it difficult to find a better coin investment.

Are you currently looking to buy or sell Krugerrand gold coins? At The Manchester Gold Exchange we off a gold buying and gold selling service. Call today to find out more 0161 273 2511 or email sales@manchestergoldexchange.co.uk