Investment gold is tax-exempt according to § 6 Abs. 1 Zi 8j UStG.
More about Gold Krugerrand 1 oz - 2019
The Gold Krugerrand is an South African gold coin which has been minted at Rand Refinery in Germiston close to Johannesburg since 1967. It is the most widespread bullion coin in gold. For the 50th anniversary of the Rand Refinery, the anniversary edition of the Gold Krugerrand in "brilliant uncirculated" quality is published. Despite the Gold Krugerrand not having any currency indicator it is considered as legal tender. The value is determined according to the price of gold on every business day. The London Goldfixing functions as value indicator.
The Gold Krugerrand is named after the South African president Paul Kruger (1882-1902) and the South African currency “Rand“. The front shows Paul Kruger’s portrait. On the back is a springbock-antelope, the heraldic animal of the Republic of South Africa, as well as the weight and the year of issue.
During the first three years of mint, the batch of Krugerrand gold coins was under 50.000 ounces per year. After that, production increased four times and reached its peak of up to 6 million ounces during the oil crisis. In 1986, the apartheid’s imposition of sanctions led to a sharp decline in production which lasted until the abolition of embargo on imports in 1999.
Gold Krugerrand 1 oz 2019 buying at philoro
We gladly offer expert consulting on buying and selling gold coins. Besides the Silver Krugerrand, we offer a fine selection of prestigious gold coins from all around the world. We guarantee the highest level of quality as we only work together with worldwide authorized and established producers.
See for yourself, and explore our broad product offer: Visit us in one of our stores or buy silver coins online. At philoro, you will secure the best advice.