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1oz South African Krugerrand Gold Coin 2023

In Stock
Tavex is proud to present the 1oz South African Krugerrand Gold Coin. This coin, introduced by the South ... read more
We sell We buy Spread
1-4
£2,025.42
£1,887.47 6.81%
5-9
£2,021.56
£1,887.47 6.63%
10+
£2,015.77
£1,887.47 6.36%
Pick-Up From Office: FREE
Delivery Costs From: £5.00
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Pick-Up From Office: FREE
Delivery Costs From: £5.00
See more
The photos are used for illustration purposes only and may not be an exact representation of the product.

Introduction

Tavex is proud to present the 1oz South African Krugerrand Gold Coin. This coin, introduced by the South African Mint in 1967, revolutionised the gold market as the pioneer in containing one troy ounce of 22-carat gold. Over the years, it has garnered the trust of experts, who have acquired 48 million ounces of fine gold within more than 60 million coins. This track record firmly establishes the Krugerrand as the reigning champion of actively traded gold coins in the 21st century.

Owning a Krugerrand gold coin comes with the implicit assurance of its global recognition.The versatility of Krugerrand gold coins is highlighted by their liquidity, making them a preferred choice for investors and collectors. Recognised and traded by an extensive network of bullion dealers, private individuals, and financial institutions on a worldwide scale, these coins ensure that there is always a vibrant and robust market waiting for you.

Beyond their monetary value, Krugerrand gold coins are from a crown gold alloy, boasting an impressive 91.67% purity (equivalent to 22 karat gold), these coins also feature copper, reinforcing their surfaces and enhancing durability. This composition makes them not only a symbol of long-term savings but also a tangible and enduring investment choice for those who appreciate the security and stability of owning legal tender physical gold coins.

Whether you're a seasoned investor looking to diversify your portfolio or an individual seeking a secure and tangible asset, the Krugerrand gold market offer a compelling opportunity to achieve your financial goals while indulging in the timeless allure of precious metals.

Why Buy

  • Gold Krugerrands are liquid and widely recognised. Krugerrand gold coins are incredibly liquid, recognised and actively traded by a diverse range of market participants. This including coin dealers, private individuals, and banks on a global scale. This recognition ensures that there is always a robust and thriving market for Krugerrand gold coins, making them a highly accessible for both buying and selling and versatile investment choice.
  • Krugerrands price tracking ability and fine gold content. The value of a Krugerrand coin closely mirrors the fluctuations in the gold market. This connection is primarily driven by the coin's exceptional fine gold content and the purity of gold. This is linked to the ever-changing spot pricing of gold. Therefore, owning a Krugerrand allows investors to directly participate in the movements of the gold price, offering a transparent and reliable means of exposure to precious metals.
  • Krugerrand coins are globally accepted legal tender. Gold Krugerrands have a unique status as legal tender in South Africa. Their acceptance and exchangeability extend far beyond national borders. These coins are accepted and exchanged throughout the world. Their international acceptance showcases their universal recognition and desirability among investors and collectors alike.
  • The Krugerrand Gold Coins are durable. Krugerrand gold coins are engineered for long-lasting durability. They are crafted from a crown gold alloy offering an impressive purity level of 91.67%, equivalent to 22 carat gold. This alloy includes copper, reinforcing the coins' surfaces and significantly enhancing their resilience, making them perfectly suited for everyday handling and preservation.
  • Krugerrand Coins are a secure investment for the future. For long-term savers who prioritise the security and stability of their investments, Krugerrands represent an great investment option in the form of physical gold coins. This makes the Krugerrands an ideal choice for an investment gold bullion coin for individuals seeking a reliable and tangible asset to safeguard their wealth over time.
  • Gold Krugerrand Coins offer portfolio diversification and risk management. Gold's historically low correlation with other financial assets positions Krugerrand's as an effective portfolio hedge against market risk. By diversifying your holdings with these iconic coins, you can bolster your portfolio's resilience and reduce exposure to broader economic fluctuations.

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    £2,025.42
  • Buyback price
    £1,887.47
  • Your risk now
    £137.95

Fact: gold price in GBP has risen 152.3% in the last 10 years. The lowest price was 672.86 GBP/oz and the highest 1,954.25 GBP/oz. Current world market price is 1,928.40 GBP/oz

History

The Krugerrand does not depict any face value on either side of the coin. The reasoning for this unusual decision was to express the Krugerrand’s value by linking its fine gold content, which is portrayed on the reverse of the coin, with the prevailing market price of gold.

The South African gold mining industry created the Krugerrand gold bullion. 

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The South African Central Bank approved the idea, which authorized the creation of the legal tender Krugerrand gold coin. As a result, the Krugerrand gold coin was struck for the first time in the early 1970s by the South African Mint. It would prove to be the most successful gold bullion coin ever issued by the Republic of South Africa. 

 

Krugerrand gold coins portray President Kruger. 

The obverse of the Krugerrand gold coin depicts Stephanus Johannes Paulus Kruger, former president of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under Transvaal. Paulus Kruger, a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of British controlled South Africa. 

Kruger came from a simple background; born on a farm in 1825 in South Africa, he lacked formal education. However, his hunting and horse riding proficiency would prove good use during his military service in the Transvaal army. Kruger advanced fairly quickly in the army ranks and, by his early 40s, was already promoted to Commandant-General of the Transvaal forces. Kruger’s skills went beyond being a soldier since he was a fine diplomat as well. In 1877, when the Boers clashed for the first time against Britain, Kruger secured a victory for the Boers through diplomatic means. The victory boosted his popularity, and as a result, he was elected president of the Transvaal Republic in the general elections that followed three years later.   

 

The South African Krugerrand contains gold from the richest gold deposit on earth. 

Unfortunately, the peace between the Boers and the British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even today, the Witwatersrand region is home to some of the richest gold deposits on earth. It is believed that almost 45% of all the gold ever mined on earth has come from this rich South African gold region. The British, determined to secure control over these vast riches, sent a huge force, by some estimates over 400,000 people strong, to combat the Boers. The Boers, greatly outnumbered by the British force, lost the war. Transvaal was absorbed back into the British Empire in 1902. President Kruger, who managed to escape to Europe, never set foot again in Africa. He died in exile in Switzerland on 14 July 1904.

The South African Mint

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in the early 1970s by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa. 

Product weight in grams
33.95576
Gold weight in grams
31.10347
Fineness
916.7
Gold weight in troy ounces
1
Diameter (mm)
32.7
Thickness
-
Face value description
1 oz of gold
Manufacturer
The South African Mint, South Africa

Obverse

The obverse portrays the former President of the South African Republic, Paul Kruger. His picture is surrounded by the text "Sud – Afrika" and "South Africa", the country's name in its two native languages, Afrikaans and English.

Reverse

The reverse features a galloping springbok on grass. Above the springbok is the text "KRUGERRAND". Under the animal is the inscribed text "FYNGOUD", which translates as "fine gold", and the coin's weight. The centre of the coin contains the year of mintage, with the first two figures of the year visible on the left of springbok and the last two figures on the right.

Packaging

Each coin is individually packaged in a hard plastic capsule.

We understand the importance of ensuring that you receive your order in a safe and secure manner. That’s why each order goes through additional quality control, is carefully packaged in a protective box and discreetly labeled to guarantee the protection of your privacy. Additionally, we take extra steps for your peace of mind – every shipment is fully insured, so you don’t have to worry when ordering products online.

We are committed to providing you with the best possible service and experience, and we believe that one important aspect of the process is a safe and secure shipment process. If there are any issues with your shipment, such as damage or loss, please don’t hesitate to reach out to us. Our dedicated customer support team is always available to help by phone 020 4541 4145 or tavex@tavexbullion.co.uk, and we will do everything in our power to sort out any problems and get your order to you in a timely and efficient manner.

After we dispatch your parcel, we will provide you with a tracking number so that you can track its progress and see exactly where it is at all times. This way, you can stay informed about the status of your order and know exactly when to expect it to arrive. Transparency is key to a great customer experience, and we are always here to help with any questions or concerns you may have.

Each order is discreetly packed and fully insured, so you can safely order products online – additionally, after dispatch, we will provide you with the package number, so you will be able to track its entire route.

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