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Gold Krugerrand coins were first minted in 1967 by the Republic of South Africa and contained a gold alloy of exactly one troy ounce of 22 karat (91.67% pure) gold (approx. 33 grams) and 2.826 grams of copper bringing the total weight of the one ounce Krugerrand to exactly 1.0909 troy ounces. Copper is added to the Krugerrand for durability. Krugerrands actually weigh in a little over a Troy ounce, Krugerrands have no face value, but are traded based on current gold prices. Krugerrands feature a profile of Paul Kruger, an early South African President. Three smaller sizes of Krugerrands were introduced in 1980 including 1/2 OZ, 1/4 OZ. and 1/10 OZ.
Limited edition Collector Krugerrands are produced by the South African Mint Company and are typically valued and traded above current gold prices. The serrations on the edges of the limited collector Krugerrands number at 220 whereas serrations on the edges of the bullion Krugerrand number at 180.
Krugerrands are a widely used vehicle in gold investment because they can be obtained at low percentage premiums above the current gold price.
Did you know that you can find extremely good deals for Gold Krugerrands on ebay? You can find a single Gold Krugerrand, or sets of Gold Krugerrands. Check out the tips below to find the best deals:
1: Look for Gold Krugerrand auctions that end at off peak hours (between midnight and 6 AM). You can get some really killer deals like this! In fact, you can do this for any item on ebay, not just Gold Krugerrands.
2: Look for poorly listed Gold Krugerrands, for example a listing with bad pictures or a poor description.
3: Look for listings with misspelled titles, for example you may find a listing for "Gold Kruggerand" or "Gold Kugerrand" rather than "Gold Krugerrand".