Krugerrand Gold Coing 1650€/unit
1.866,00€
Product: Krugerrand Coin 1 Oz
Description:The Krugerrand gold coin was minted for the first time in 1967. It is named after Paul Kruger, the former president of the former Republic of South Africa, an important figure in the country’s history who also stamps his face on the obverse of this coin.
According to the South African constitution, the Krugerrand is a legal tender in the country. This property led many Americans to buy this currency during the prohibition of private property of gold between 1934 and 1974, because through it the way to buy gold legally. Between 1986 and 1999 the import of any South African product to Europe, including the Krugerrand coin, was banned, thus greatly damaging the value of this coin compared to other gold coins on the market.
The Krugerrand has the honor of being the first gold coin to accurately contain one ounce of fine gold. It was initially marketed with a value 8% above the base of the value of gold, however, and since a good number of these coins were manufactured, this percentage decreased until it was close to 3%.
Today it is one of the most valued gold coins on the market, becoming more expensive than the Philharmonic gold coin. It is also one of the most manufactured gold coins in history, as it is estimated that about half of the one-ounce investment gold coins in the world are Krugerrand gold coins.
The obverse of the coin depicts the face of Paul Kruger, while the reverse depicts a South African antelope, one of the symbols of the country. This coin features a gold and copper alloy, which gives it a slightly redder appearance compared to other silver-alloy gold coins. This composition provides this gold coin with greater consistency and resistance to dents or scratches, so this is a coin that can be handled without fear of wear.
