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1oz South African Krugerrand previous years

In Stock
Tavex is proud to offer the previous years 1oz South African Krugerrand Gold Bullion Coins. Originating from ... read more
We sell We buy Spread
£1,847.90
£1,797.49 2.73%
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 offer the previous years 1oz South African Krugerrand Gold Bullion Coins. Originating from the esteemed South African Mint, in 1967, the Krugerrand rose to fame as the first coin to contain one ounce of gold. The South African Krugerrand has cemented its status as the most sought-after and actively traded gold coin of the 21st century.

These coins are a perfect choice if you are in the market to diversify your holdings, and you're seeking the best value in a durable and well-known investment gold coin in mint condition. These South African Krugerrand coins are available at a low premium over the current spot price of gold, and also stands as a VAT free acquisition, offering both quality and value.

Owning a South African Krugerrand coin, not only allows you to own a long-term safe haven but you also receive a guarantee of its international acceptance by bullion dealers.

Why Buy

  • The South African Krugerrand coins are very liquid. Krugerrand gold coins are highly liquid, thanks to their global recognition. The ever-stable gold prices ensure there's always a market for Krugerrand gold coins.
  • South African Krugerrand's value is linked to gold prices. Krugerrand's inherently track the price of gold. The coin's value is predominantly shaped by its fine gold content, resonating with the fluctuating price of gold.
  • Krugerrand coins have a legal tender status. A unique attribute of Krugerrand's is their classification as money. Being legal tender in South Africa, they're globally accepted and exchanged, making them a universally recognised asset.
  • South African Krugerrand's are durable.These coins are meticulously minted from a crown gold alloy that is 91.67% pure (22 karats). The remaining alloy includes copper, fortifying the coin's exterior, thereby enhancing its longevity and handling suitability.
  • They serve as a form of long-term savings. For the long-term savers, Krugerrand's act as a reliable financial reservoir, underpinning the security and stability inherent to owning such renowned legal tender gold coins.
  • Krugerrand's are a great way to diversify your portfolio. Expanding your investment portfolio with Krugerrand gold coins can be a strategic move. Their low correlation with other financial instruments positions them as an effective hedge against market uncertainties.

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)
    £1,847.90
  • Buyback price
    £1,797.49
  • Your risk now
    £50.41

Fact: gold price in GBP has risen 137.17% in the last 10 years. The lowest price was 686.93 GBP/oz and the highest 1,954.25 GBP/oz. Current world market price is 1,834.61 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 Krugerrand gold coin created by the South African gold-mining industry 

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.  

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 the name Transvaal. Paulus Kruger, who was also a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of the British controlled South Africa. 

Kruger came from a simple background; born on a farm in 1825 in South Africa he lacked any formal education, although his proficiency in hunting and horse riding would prove to be of good use during his military service in the Transvaal army. He 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 through diplomatic means secured a victory for the Boers. This 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 British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even to this date, 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, and Transvaal was absorbed back into the British Empire in 1902. President Kruger who managed to escape to Europe never set foot again in Africa and 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
1oz 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 name of the country 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 weight of the coin. The centre of the coin contains the year of mintage with the first two figures of the year visible on the left of the springbok, and the last two figures on the right. 

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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