Is The Krugerrand A Good Investment?

Krugerrands can secure your ‘nest egg’

Gold is a stable commodity globally, so is naturally a good investment. But more importantly in cases like this – Krugerrands are easy to sell and convert to liquid capital (should you require it). So, a sort of ‘best of both worlds’ investment scenario in times of uncertainty.

Why are Krugerrands so valuable?

Gold has preserved its value as is evident from history and has provided as an insurance against unexpected market variations and other economic crises. The South African Krugerrand is one of the world´s most popular one-ounce gold coin.

How do I sell my gold Krugerrand coin?

You can sell the coins to Mr. Haynes at, or other precious metals dealers. The selling price of gold coins is based on the spot price of gold, plus “market conditions,” says Haynes.

Why are Krugerrands illegal?

Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. … Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967.

What year Krugerrand is worth the most?

The 2017 Krugerrand marks the 50th year of issuance from the South African Mint and is highly sought after.

What is special about Krugerrands?

Krugerrands are among the most frequently traded gold coins in the world market. The coins have legal tender status in South Africa, although Krugerrands were never assigned a rand (ZAR) value. 1 Krugerrands were designed to derive their value exclusively from the price of gold at the time they are traded.

What is the most popular gold coin?

#1 – United States Saint-Gaudens Double Eagle

Speaking of the Saint-Gaudens double eagle, it ranks here as the most popular gold coin. This claim is undeniable for a series long touted as the most beautiful ever produced. The obverse presents a majestic view of Miss Liberty carrying a torch.

Are Krugerrands illegal in the US?

Are South African Gold Krugerrands illegal in the United States? … All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States.

Is Krugerbits safe?

Your purchases are securely stored in a highly secure offsite storage facility that specialises in gold storage – Vault Prive | Operated by Brinks Southern Africa.

Can you sell Krugerrands at the bank?

The SARB does not sell coins to the public. However, Krugerrands, Protea, and Natura series gold coins as well as a variety of other commemorative coins minted not only in gold can be bought from the SA Mint or an authorised coin dealer (link to SA Mint website with authorised dealers).

Do Krugerrands have capital gains tax?

The taxation of the proceeds of the sale of Krugerrands is not covered by any specific tax legislation. … In terms of that rule, the sales proceeds of shares held for more than three years are taxed as capital. The distinction between capital gains and revenue profits is based on case law developed from court judgments.

Why are Krugerrands different prices?

Gold krugerrand prices

Some gold coins may have a value that is far higher than their gold content alone because they are from a year when not many coins were minted, or because of their condition, or because of the mint in which they were produced.

Can I take Krugerrands out of South Africa?

Foreign visitors / travellers may take up to fifteen Kruger Rand coins with them out of South Africa given they can prove that the coins were acquired with foreign currency brought with them into South Africa.

What is the value of a Krugerrand gold coin?

In recent years, Gold Krugerrands have been worth $1,275 on average. The current ask purchase price per ounce for one gold Krugerrand is: $1,849.80*.

What is the most expensive Krugerrand?

2 million. As part of its 50 year anniversary, the South African Mint is releasing a limited edition 50-ounce Krugerrand, that wealthy collectors can buy for around R2. 2 million.

What denomination are Krugerrands?

Denominations of Gold Krugerrand Coins

  • 1 Troy Ounce Gold Krugerrand. 32.6 mm diameter with 2.84 mm thickness.
  • 1/2 Troy Ounce Gold Krugerrand. 27.0 mm diameter with 2.21 mm thickness.
  • 1/4 Troy Ounce Gold Krugerrand. 22.0 mm diameter with 1.88 mm thickness.
  • 1/10 Troy Ounce Gold Krugerrand.

Is it legal to buy and sell Krugerrands?

The South African Government perceived an opportunity to serve this market and introduced the Krugerrand in 1967. … Many investors misunderstood this ban and thought that Krugerrands were illegal to own in the U.S. (the import ban has been lifted, so it is now legal to import Krugerrands again.)

Can you still buy Krugerrands?

Krugerrands are official legal tender of the South African Republic. However, they do not carry a face value. Instead, these South African gold coins are valued based on their precious metal content like gold bars or silver bars.

When did Krugerrands become legal?

The World’s First Legal Gold Tender

As the Krugerrand could be bought and sold anywhere legally starting in 1967, it was mass-produced and quickly became the world’s most popular gold coin. The Krugerrand has never had a face-value, deriving its value from the prevailing spot price of gold.

Can I sell my gold coins to a bank?

As explained, most banks don’t buy gold coins due to high risks. … The selling-process usually takes long and we don’t recommend to sell coins that way. We also doubt that you’ll get paid a great price for your coins because the profits made with your coins well be shared between the bank and the coin dealer.

Is it hard to sell gold coins?

It’s easy to sell gold back to the dealer that the investor bought it from, but there’s a spread. … Buying prices are always less, since the dealer needs to make a profit, so investors who sell back their gold must do it at a discount. Spreads vary based on the type of bullion and the dealer.