Krugerrand: Details And History
Intended for use as a common coin, the Krugerrand has been minted since 1976 using 22-carat gold alloy to withstand the rigours of daily use.
During the seventies and eighties, economic sanctions against South Africa made importing Krugerrands illegal in most Western countries, even though Krugerrands were legal tender for trade in South Africa. The economic sanctions placed against South Africa in an almost global statement against apartheid could have devastated the value of the Krugerrand and the South African economy, but even though the Krugerrands were illegal for import in most countries, the Krugerrand accounted for 90% of the global gold coin market. Over 46 million ounces of gold have been used to mint South African Krugerrands.
Being one of the first bullion gold coins, the success of the Krugerrand inspired many other countries to mint their own gold bullion coins, including the Canadian Gold Maple Leaf, the Australian Nugget, the American Gold Eagle and the British Britannia.
The 1oz Krugerrand is minted from a 22-carat gold alloy, which uses 1 ounce of pure gold and 2.826 grams of copper. This alloy is the same used in English gold Sovereigns and is often called "crown gold." This gold-copper alloy makes the Krugerrands more durable and also gives the coins their orange-tinted colouration.
Sell Your One Ounce Krugerrand Coins With Gold Traders
If you have made the decision to sell your 1oz Gold Krugerrands, simply input your South African coins into our online claim form to get started. The agreed figure could land in your designated account in as little as 24 hours. If you have questions prior to your sale, do get in touch through your desired means.
