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1 oz South African Krugerrand previous years

In Stock
If you are seeking a durable and well-known investment gold coin with unparalleled liquidity and which is ... read more
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31122,02 NOK
29887,24 NOK 4.09%
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The photos are used for illustration purposes only and may not be an exact representation of the product.

Introduction

If you are seeking a durable and well-known investment gold coin with unparalleled liquidity and which is available at a low premium over the prevailing spot price of gold, then the South African Krugerrand could be the investment you are looking for. Launched by the South African Mint in 1967, the Krugerrand rose to fame as the first coin to contain one ounce of gold. To this date, investors have bought some 48 million ounces of fine gold contained in over 60 million coins, establishing the Krugerrand as the most popular and actively traded gold coin in the 21st century. By taking possession of a Krugerrand gold coin, you gain an implicit guarantee of it being international accepted by bullion dealers, financial institutions and investors alike.

Why Buy

  • Krugerrand gold coins are liquid. This stems from the fact that they are well recognised and traded globally by coin dealers, investors and banks. There is always a market for Krugerrand gold coins.
  • Krugerrands track the price of gold. The value of Krugerrand coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
  • Krugerrands are money. Krugerrand gold coins are legal tender in South African and are accepted and exchanged as such throughout the world.
  • Krugerrand gold coins are durable. They are minted from a crown gold alloy that is 91.67 % pure (22 karats). The rest of the alloy contains copper, which strengthens the coins’ surface and enhances the durability of the coin making it suitable for handling.
  • Krugerrand coins are the equivalent of savings. Krugerrands are an ideal choice for any type of long-term saver who appreciates the security and stability of owning legal tender physical gold coins.
  • Krugerrand gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes Krugerrands serve as a portfolio hedge against market risk.

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)
    31122,02 NOK
  • Buyback price
    29887,24 NOK
  • Your risk now
    1234,78 NOK

Fact: gold price in NOK has risen 194.98% in the last 8 years. The lowest price was 9605,71 NOK/oz and the highest 30640,70 NOK/oz. Current world market price is 30193,00 NOK/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.

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
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 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. 

Secure and fast delivery by Bring

Your order is delivered by Bring and is fully insured. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 3 to 4 working days. In cases where we can not send your order immediately, we will always inform you of the time delay.

Insurance

The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, Tavex AS will re-ship the items or refund your money. Insurance costs depend on the value of your order (1% of the value).

Tracking

Once the products have been packaged and sent, you will receive instructions and a code to track the shipment.

Expected shipping cost

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Vast Stock Availability

The majority of Tavex’s products are always in stock and therefore Tavex can offer you quick delivery and same day pick-up with market leading prices. Tavex is an official partner of all the biggest mints in the world, such as the Perth Mint Australia, the Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., the gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.

Same day pick-up

Feel free to visit our office during opening hours to have a free consultation or learn more about a specific product. If you purchase, online you can pick up the products on the same day we receive the payment.

Low prices

Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex, you can maximise return on your investment because of low margins and spreads.

Item in Stock

This item is in stock and ships right after payment is made and is ready for self-pickup.

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