South African Krugerrands
The Krugerrand was first minted in 1967 by the South African Mint as a vehicle for private ownership of gold. By 1980, Krugerrand 1 oz gold coins dominated the global precious metals investment market with over 90% marketshare. The Silver 1 oz Krugerrand was introduced in 2017 and remains popular with investors.
South African Krugerrand Coins – Compare Dealer Prices Online
The South African Krugerrand is one of the world’s most recognized and traded bullion coins, renowned for its iconic design and historical significance. Use this page to compare real-time prices for both gold and silver Krugerrand coins across leading online bullion dealers, sorted by the lowest premium per ounce. Whether you’re investing, collecting, or stacking, you’ll find the best deals right here.
History and Design
Since its introduction in 1967, the South African Mint has maintained the same legendary design for the Krugerrand. The obverse was designed by artist Otto Schultz and features the portrait of Paul Kruger, South Africa’s president from 1883 to 1902, who is remembered for his role in leading the country toward independence from British rule. This distinctive portrait, along with the coin’s namesake, cements its status as a symbol of South African heritage.
On the reverse, artist Coert Steynberg engraved a Springbok antelope—South Africa’s national animal—shown in mid-stride across the plains. The graceful depiction celebrates the nation’s rich wildlife and has become an emblem recognized by collectors and investors worldwide.
Krugerrand Composition
Gold Krugerrands
Struck from a 22k gold alloy (91.67% gold and 8.33% copper), which provides exceptional durability and the coin’s signature reddish hue. Available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes.
Silver Krugerrands
Minted in a single 1 oz size, each contains one troy ounce of .999 fine silver, featuring the same classic design as the gold version.
Both gold and silver Krugerrands are legal tender, backed by the South African government, and offer proven security as a store of wealth in uncertain times.
Why Buy Krugerrands?
Krugerrands is celebrated for its international liquidity, competitive premiums, and durability. As a staple for both investors and collectors, they are easily bought, sold, and recognized globally. Their rich history and unique design make them a must-have in any precious metals portfolio.
Frequently Asked Questions
What animal is on the Krugerrand?
The animal featured on the Krugerrand is the Springbok antelope, which is the national animal of South Africa. The Springbok is shown gracefully leaping across the plains on the coin’s reverse.
Who is on the Krugerrand?
The obverse of the Krugerrand displays the portrait of Paul Kruger, former President of the South African Republic, who is a key historical figure in the nation’s path to independence.
What is the gold content of a Gold Krugerrand?
A standard 1 oz Gold Krugerrand contains exactly 1 troy ounce of pure gold, alloyed with copper for strength (22k, or 91.67% gold and 8.33% copper).
Are Krugerrands legal tender?
Yes. Both gold and silver Krugerrands are legal tender coins, backed by the government of South Africa. They are valued based on their metal content, not a face value.
Compare Prices of South African Krugerrands
Vintage gold coins have a rich history and many investors are attracted to these coins as tangible assets. When buying South African Krugerrands as a store of value, FindBullionPrices.com can help you find the lowest premiums from an assortment of trusted and reputable online bullion dealers. The prices on our site are updated every hour and adjusted for silver spot price. This gives you the tools to compare silver prices.
