Gold Krugerrand 1/1

Delivery is upon availability. Unfortunately, the year of issue cannot be chosen. Investment gold is tax-exempt according to § 6 Abs. 1 Zi 8j UStG.

Information about Gold Krugerrand 1/1

The Gold Krugerrand is a South African gold coin, first minted at Rand Refinery in Germiston close to Johannesburg in 1967. It is the most widespread bullion coin in gold. It is available in units of 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce.
The Krugerrand gold coin has a fineness of 916,7. The alloy with copper gives the coin a reddish color and enhances the scratch resistance.

The design of the gold coin

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. Despite the Gold Krugerrand not having any currency indicator it is considered legal tender. The value is determined according to the price of gold on every business day. The London Gold Fixing functions as value indicator.
 
During the first three years of mint, the batch of Krugerrand gold coins was under 50.000 ounces per year. After that, production increased fourfold and reached its peak of up to 6 million ounces during the oil crisis. In 1986, the imposition of sanctions to fight apartheid led to a sharp decline in production which lasted until the abolition of the embargo on imports in 1999.

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