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South African Gold Krugerrand 1oz (Random Year)

south african gold krugerrands

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South African Gold Krugerrand 1oz (Random Year)
$1,303.65
10 - $1,298.65
20 - $1,293.65
  • Gold Content – 1.0003 oz. (31.112 g)
  • Gross Weight – 1.090 oz. (33.930 g)
  • Composition – 91.667% gold, 8.333% copper
  • Coin Diameter – 1.287 in. (32.80 mm)
  • Thickness – 0.111 in. (2.84 mm)
  • Mint Dates – 1967 to present
  • Mint Mark – Not Shown
OR
Description

Details

Overview

The Krugerrand might be the most widely owned bullion coin worldwide. First introduced in 1967, it was designed as a vehicle to encourage individual gold investment.

Design

The Krugerrand’s obverse (front), designed by O. Schultz, features the first South African president, Paul Kruger. He is surrounded by South Africa, written in Afrikaans and English – “SUID-AFRIKA ‘ SOUTH AFRICA.”

The reverse, designed by C.L. Steynberg, shows a running springbok (South African antelope), and it also lists the issue date and gold weight and purity. The Krugerrand has no face value because it is designed for trade outside South Africa, rather than as a national currency.

Minting

Krugerrands are minted with a 91 2/3 parts gold and 8 1/3 parts copper alloy. The official South African Mint was privatized in 1988 and became subsidiary of the South African Reserve Bank.

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Augusta does not provide legal, tax, or investment advice. The Augusta® Gold IRA is a self-directed IRA containing physical precious metals administered by a third-party custodian and stored in an approved non-government depository storage facility where investors can make an appointment to see their precious metals. The Augusta® Home Delivery™ Gold IRA is a self-directed physical precious metals IRA stored at home or in a safe deposit box. Augusta's attorneys believe that American Eagle coins may be stored at home and that all other IRA-held coins must be stored, at a minimum, in a safe deposit box at a U.S. bank. However, these attorneys believe it is wiser to store all IRA precious metals in a safe deposit box at a U.S. bank to eliminate risks associated with home storage. The IRS has not provided clear guidance on home delivery or home or safe deposit box storage of IRA precious metals. If your home delivery gold IRA is not set up properly, if you engage in a prohibited transaction (e.g., withdrawing metals before retirement to use for any other purpose), or if it is determined that home delivery or home or bank safe deposit box storage are not permitted by the IRS, you could lose your tax-exempt status and have to pay taxes and penalties. As with any investment, past performance might not predict future returns. The price of precious metals fluctuates over time and investors might lose money. It is important to consult your own legal and financial advisors before buying from Augusta.

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