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The country of South Africa offers some of the most commonly traded gold coins in the world.
If you are looking to purchase Krugerrands, please click here where we sell them at a very low margin over the gold 'spot' price.
The designs of these coins include many common themes from the flora and fauna of South Africa to figures from the history of the nation and even symbols of the economic structure of the country. From the Krugerrand to the South African Pond, the coins of South Africa are among the most popular coins in the world for coin collectors and investors.
The current South African coinage is based on the Kruger coins. One of the few coinage systems in the world that has its worth based in its actual gold content, rather than on the face value of its coins, the South African coins vary in value according to the current global gold prices.
This system started in 1967, when the first 1 ounce gold Krugerrand was minted by the South African government in an attempt to convert their natural wealth of gold into a tangible cash stream. Using a loophole in American law, wherein Americans were permitted to own legal tender coins of other countries but not bullion, the South African government sold these coins to collectors and investors as the legal tender of South Africa. Unfortunately for U.S. collectors, the Kruger coins were still banned until the 1990's, due to embargos placed on the nation because of Apartheid.
Since the end of Apartheid in South Africa in the mid-nineties, South African coins have become some of the most commonly traded gold coins in the world.
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