Krugerrand 1 oz Gold Coin Random Year

The Krugerrand was the first investment-grade gold coin for investors as a trusted store of value. The design has remained virtually unchanged since its introduction in 1967.

The Krugerrand has a 57 year mintage history, making it one of the most recognizable modern gold bullion coins. Arguably, this is one of the most liquid gold investments due to the wide availability of Krugerrand 1 oz gold coins on the secondary market. 

Secondary market Krugerrand 1 oz gold coins carry a lower premium compared to newly minted coins. 

1 oz Gold Krugerrand Highlights:

• Obverse: Portrait of former South African political leader Paul Kruger.
• Reverse: A hopping Springbok shown in a field, along with inscriptions for the date, weight and purity.
• Minted from 22k or 91.67% pure gold with copper (cu) added for durability, strength and color.
• Contains one troy ounce of .999 fine gold.
• Minted in South Africa.
• Issued every year since in 1967.

The Krugerrand 1 oz gold coin is an ideal way for investors of all types that are looking to buy gold coins. These coins can be a good choice for diversifying a portfolio that may be heavy in assets with short term volatility. 

As a store of value, the 1 oz Gold Krugerrand price is directly tied to the current gold price. Buying secondary market Krugerrand gold coins is also a way to save on higher dealer premiums of the current year coins.

Krugerrand Design

The obverse features a portrait that honors Paul Kruger, the former South African President and notable politician who helped to bring independence to the country.

The reverse depicts a springbok antelope, a national symbol of South Africa. This side also includes inscriptions to identify the year of minting, along with the words "Krugerrand" and "Fyngoud 1 oz Fine Gold".

This coin has no nominal face value. Its legal tender status in South Africa is based solely on its intrinsic gold content.

Each Krugerrand is minted with exactly one troy ounce (31.1035 grams) of pure gold, but is alloyed with copper for a total gross weight of 33.93 grams.

The strength of the alloy provides durability and gives the Krugerrand its distinctive, slightly reddish hue. The luster is enchanting and it is one of the things differentiating this coin from the others.

Krugerrand History

Initially intended as an investment vehicle to promote the private ownership of precious metals, the Gold Krugerrand was first minted in 1967 by the South African Mint.

Made from an alloy of gold and copper metals,  the 1 oz Krugerrand gold coin has gross weight of 1.0909 troy oz (33.933 grams) and contains one full troy ounce of pure gold by weight.

Sanctions were imposed on South African goods during the 1970s and 1980s, due to their political policies of Apartheid. 

In 1985, the Comprehensive Anti-Apartheid Act was introduced, which, among other things, banned the import of Krugerrands into the U.S. beginning in 1986.

For a period from 1986 until the 1990s, economic sanctions prevented the import of these coins. The ban on owning Krugerrand coins was lifted after the end of apartheid policies.

South African Mint

The South African Mint is a wholly-owned subsidiary of the South African Reserve Bank, the country's central bank. The mint's state-of-the-art facility in Centurion includes coin presses, a research and development unit, and a numismatic department. The mint also has a visitor center where the public can learn about the minting process and the history of South African coins.

FindBullionPrices.com tracks prices from some of the most trusted and reputable online bullion dealers to help find the lowest prices on Krugerrand 1 oz Gold Coin Random Year.

The gold prices on our site for coins and bullion are updated hourly and adjusted with gold spot price. We give you the tools to compare prices of gold coins from well-reviewed bullion dealers.

Comparing prices for Krugerrand 1 oz Gold Coin Random Year across multiple bullion dealers help to ensure that you pay the lowest price.

Our Closest to Spot tool can help you find the lowest premium when you are ready to buy gold coins.

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