what banks sell krugerrands

Difference Between a Coin’s Price and its Value? The 1 oz Gold Krugerrand Coin is minted in 22-karat gold (.9167 fine) by the South African Mint Company. Gold investors can purchase gold coins from banks, but not all banks sell gold coins, only some of them. ½ oz. The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). We guarantee to offer you the most competitive price around, but if you choose not to accept our offer, no problem — we’ll return your gold to you straight away. Since September 1980, Krugerrands have also become available in three additional sizes containing 1⁄2 ozt (15.55 g), 1⁄4 ozt (7.78 g) and 1⁄10 ozt (3.11 g) of gold. Beyond this, our specialty is buying and selling Krugerrands.. Krugerrands were created as a way for the public to own gold bullion, and their value is directly linked to the Dollar Gold Price.This makes buying Krugerrands ideal for aspiring investors interested in entering the gold coin market. Internationally recognition – It’s one of the world’s leading brand names and only issued in South Africa. Parties interested in acquiring or selling a collection of these particular gold coins within the States have both internet and brick-and-mortar options for purchasing. The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. Coin Dealers and banks around the globe know it, and it can be bought and sold easily. Proof coins have 220 edge serrations, while bullion coins have 160. What is the best Place to sell Gold Krugerrands? This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. (Krugerrands ar By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. Coin Values – How Much Is Your Coin Worth? Krugerrand value Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a … [citation needed] On the occasion of the 50th anniversary of the coin range, fractional sizes of 1/20 and 1/50 oz were also added. [4][5], Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. Production levels of Krugerrands have significantly varied since its introduction. R30,460-00. [24], In the 21st century, Krugerrands have received media attention in the United States after anonymous donors have left the valuable coin in the Salvation Army's annual "Christmas Kettle" donation jars in various cities around the country. The Rand Refinery doesn’t sell Krugerrands directly to the public, instead, they distribute them through independent dealers such as The Gold Bullion Co. We stock South African Krugerrand coins in 1/10th, quarter, half and one-ounce variations and also carry the 2017 edition , … KRUGERRAND . Review our buying prices for more information. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. If you continue browsing, we assume that you consent to our use of cookies. Gold 1oz Krugerrands contain one ounce of gold; Our choice of year - all worth the same when you sell; Rand Refinery. Krugerrand Gold Coin: A gold coin minted by the Republic of South Africa. Like any investment, buying gold krugerrands is never a “sure thing.” When the man dies, gold may be priced at $150 per ounce, meaning that the family will have lost money on the investment. Buy Gold Krugerrand Coins. To check if we have recieved your details use our chat widget for almost instant replies. [8] That year, South Africa introduced three smaller coins with a half troy ounce, quarter ounce, and tenth ounce of gold. Many vendors do not like card-related transactions because of the extra commission charged by banks. Krugerrands are one of the oldest Gold bullion coins in the world; a feather in the cap of South Africa’s Gold industry and the South African Mint. Paul Kruger. Buy Bullion Krugerrands . Sell Coins About The Coins ... Krugerrands bullion and proofs, and ZARs for over 45 years. The production dropped to 23,277 coins in 1998 and then increased again, although not reaching previous levels. GOLD: $1,295 per oz R14,49 (R/$ Exchange) KRUGERRANDS: WE BUY AT: 1 Ounce. What are the Advantages of Buying PCGS Graded Coins? [citation needed][21], The South African Mint Company produces limited edition proof Krugerrands intended to be collectors' items rather than bullion investments. The Krugerrand was first minted in 1967. Quantity. Click Confirm to proceed. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your gold Krugerrand investment. You can purchase South African Krugerrands from our online shop at excellent rates based on current gold spot price: Browse our range of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz Krugerrand coins to find the right match for your stock profile. With the market leaders, since $300 an oz. Identifying US Coins With Bullish Features, Starting a Coin Collection for Your Children, Coin Collecting Opens The Door To The Past, The Coin Collecting Handbook: What You Need To Know. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the design of the Krugerrands themselves, though the inscriptions are altered. Does banks sell stamps? International Priced - The Gold price is quoted internationally in troy ounces and its value can easily determine based on the market outcome. What is the Difference Between a Coin’s Price and its Value? Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. 2019 1 10 Ounce South African Krugerrand. The main reason for using copper is to strengthen the coins and to make them more robust and durable. Our vast global network of collectors and associates further ensures that we are the superior choice in … Do you have questions regarding this product? 24 … The Krugerrand (/ˈkruːɡərænd/;[1] Afrikaans: [ˈkrœjərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. We buy and sell authentic Krugerrands for sale. 1/10 oz. Please call us on 086 111 2152 for a quote. R2,850-00. Gold Krugerrands An Investors Er Guide For Beginners. Options. We would appreciate your feedback. R15,660-00. But, I agree, storing them at home is indeed a risk. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. The price of a Krugerrand is directly linked to the ruling international spot gold price, Krugerrands are simple to buy and sell as you know exactly what price you should pay or get paid. The South African coin encouraged the private ownership of gold. Enquire about or browse our coins today. The. The Krugerrand is 32.77 millimetres (1.290 in) in diameter and 2.84 millimetres (0.112 in) thick. The coin is so named because the obverse, designed by Otto Schultz,[20] bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. They don't want competition to Federal Reserve Notes. Our process time can very depending on order backlogs. If you happen to own one of the gorgeous coins, you could get a large amount of money, but only if the coin is in decent condition. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. [14], The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or 1,870 Euro as of June 2018). The first step is to determine the current value of your coin with which we can help. Designed for the person who wants to invest in gold and available in four different sizes (1 oz, ½ oz, ¼ oz, and 1/10oz), making it more affordable to more people. Request a callback from an expert. Some companies charge even more. If you would like to collect, sell or buy Krugerrands, you can trust City Coins to provide you with a personalised service and a level of expertise that has been manifested over decades of experience. Find out more about how to buy krugerrands or sell krugerrands with Hatton Garden Metals.. Visit our gold coins page to see our latest gold coin prices for American Eagles, Gold Sovereigns and other popular coins.. We also buy and sell gold bullion bars and buy scrap gold.. Buy Gold Krugerrands Buy Gold Bullion Get The Best Prices. Investor’s choice – Tax-free. The commemorative issues are distinguished by a '50' privy seal mark above the springbok design on the reverse for the platinum and silver issues and to the right of the springbok design on the gold issues. At Eastgate Stamps and Coins, we trade in a variety of gold and South African coins. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). Selling Krugerrands is Quick & Easy including Same Day Payment. Nevertheless, most coin shops do not have many Krugerrands in stock, which means they will have to order them.1. Gold Krugerrands are designed to be durable and are therefore .9170, or 91.7% gold, with the remainder being copper. R 4,690. – Part 3. [7], The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. [15] Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. Either via EFT or cash is the preferred method of payment. The legend is inscribed with ", This page was last edited on 29 November 2020, at 13:13. You can also call your bank and ask them if they sell gold coins. This coin was … Composition and Design. (Krugerrands ar Serious Sellers are welcome to contact us for additional information. Gold 1oz Krugerrands contain one ounce of gold; Our choice of year - all worth the same when you sell; Rand Refinery. Apply Now. Krugerrand Dealers/Buyers in UK There are many places in UK that you can sell Krugerrand coins to. 35.84 Buy; Sell; Charts; Latest Post The Hare and The Tortoise Story. Read more . Banks That Sell Gold Coins in the United States. They are alloyed with a small amount of copper, which make them 22-carat coins. Certain banks are also authorised to trade Krugerrands. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973. R 1,870. KRUGERRAND . The word "Krugerrand" is a registered trademark owned by Rand Refinery Limited, of Germiston. Minted by. 1 Oz Silver Krugerrand Value Melt. It was minted in a copper-gold alloy more durable than pure gold. The issue limit for these commemorative platinum, gold and silver coins was 2,017 for platinum, 5,000 for gold and 1,000,000 for silver. gold bars or … Copper alloy coins are harder and more durable, so they can resist scratches and dents. Banks don't sell gold and silver coins here in the U.S. Sell Gold – Bars, Coins and Krugerrands Find Firms that Sell Gold – Bars, Coins and Krugerrands Buying up and storing gold for the rainy days have always been a popular type of investment and even in modern times, it is still preferred as a currency-alternative way of saving. Their value is exclusively based on the spot price of one ounce of fine gold at the time they are traded. As on Thursday, 22 August 2019. Free callback . STEP 9: Click Finish to complete the purchase. The name "South Africa" and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin). More than one million coins were produced in 1974, and in 1978 a total of six million were produced. Immense Seasonal Buying Opportunity in Gold, Silver & Platinum Is Upon Us. Our process time can very depending on order backlogs. We sell Gold Krugerrands and all major bullion bar and coin products and you can pay by bank wire, by credit card or by debit card. Sell; Charts; Siver. Read more. The Krugerrand's actual weight is 1 1⁄11 troy ounces (34 g). STEP 7: Choose the quantity you wish to purchase. Kitco … Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased at Monex. STEP 5: Select Krugerrands on the Buy menu. Selling Instructions The price you'll receive depends on current gold prices, the size of the coin -- sizes range from 1/10 to 1 troy ounce of gold -- and the type of mintage. We buy and sell Krugerrands at competitive prices. In addition to the "Premium Uncirculated" issue, 15,000 silver "Proof" krugerrands were also issued as well as "Proof" krugerrands in gold and platinum. Buy or Sell Krugerrands Quotation Form. You can buy U.S Forever stamps from the banks listed above. You can sell Gold Krugerrand Coins and other precious metal products securely and profitably with Kitco. 1 oz. Durable/Portable – They are hard enough to resist normal scratching and bumping, because of its composition of 22-carat gold. Valuable, yet easy to transport and store anywhere. Request a no-obligation phone call from one of our investment experts. Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. *Terms & Conditions click here . We Sell. Read more. The value or price of a Krugerrand. This coin was … These bullion rounds are not offered by the South African Mint or the Government of South Africa, and are therefore not official, have no legal tender value, and cannot technically be considered coins. The South African Gold Coin Exchange & The Scoin Shop has allowed South Africans the opportunity to own unique modern numismatics, Krugerrands bullion and proofs, and ZARs for over 45 years. Request a no-obligation phone call from one of our investment experts. Your gold, your legacy. From 1967 to 1969, around 40,000 coins were minted each year. The remaining 8.33% of the coin's weight of 1⁄11 ozt (2.828 g) is copper (an alloy known historically as crown gold which has long been used for British gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. A Kruger Rand is a South African gold coin first minted in 1967. Most big companies sell 1oz Krugerrands between R19k and R23k today. Our website uses cookies to improve your user experience. The South African gold Krugerrand is one of the most collectible coins. The Kruger Rands are minted from gold alloy that is 91.67 percent pure (22 karats). [9], 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. To resell bullion Krugerrands, potential Krugerrand dealers must complete Rand Refinery’s Application to Trade form for approval to buy from Rand Refinery. South African residents may not export any Krugerrands without the approval of the South African Reserve Bank. You can verify the resale price of a Krugerrand by checking the current Gold Price.The spot gold price is quoted in US Dollars and is then converted at the current ruling Rand/Dollar exchange rate. Krugerrand Wikipedia. On the reverse side of the Krugerrand is a springbok, South Africa's national animal. A Kruger Rand is a South African gold coin first minted in 1967. Krugerrand gold coins contain exactly one troy ounce of gold. Mobile . Re:Selling Krugerrands It means exactly what it says.Reserve Bank 99.9% certified Bullion. Shop by category. It has only gone down in price since then. However, large investors should consider buying kilo (1,000 gram/32.15 oz.) Unlike other bullion coins, the Krugerrand was given the status of currency or legal tender. The Krugerrand was first released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. We Buy. The impact of the COVID-19 pandemic on South African PGM supply, on global supply and ultimately on the price of platinum, palladium and rhodium. [25][26][27][28], Reagan Bans Imports of S. Africa Krugerrand, "KRUGERRAND LUSTER DIM FOR LOCAL COLLECTORS", Yearbook of the United Nations, Volume 45, "Most South African Sanctions Lifted: ML&B White Paper - Morgan Lewis", "Bush Lifts a Ban on Economic Ties to South Africa", "Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand", "Gold Krugerrands: Buying gold coins - 17 August 2007", "Why the Krugerrand Is the King of Gold Bullion Coins", Financial surveillance and exchange controls FAQ, "Salvation Army of Tallahassee receives rare South African Krugerrand coin", "Krugerrand dropped into Salvation Army kettle", "For fifth year in a row, mystery person drops a gold coin in Salvation Army kettle", "Gold Krugerrand appears in a Salvation Army red kettle", Gold Ounce (1 oz) Krugerrand, Coin Type from South Africa, https://en.wikipedia.org/w/index.php?title=Krugerrand&oldid=991321833, Articles with unsourced statements from November 2015, Articles with unsourced statements from July 2015, Creative Commons Attribution-ShareAlike License, 1984 by Coert Steynberg - A springbok antelope with the mint date in the field. Yet not all investors are aware that Kitco allows you sell Gold Krugerrands online. New Krugerrands are issued by the South African Reserve Bank (SARB). 1 Oz South African Gold Krugerrand Coins Money Metals. The concept of Krugerrands was first presented by the South African Chamber of Mines way back in the 1960s to stimulate physical gold as an investment opportunity for anyone who wanted to own this scarce commodity. Bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector items trade at a premium. Mostly postage stamps are available at the cash counter and you can get it from the desired number of stamps easily. Buy or sell Kruger Rands on auctions or at fixed prices. If you have a large quantity of gold Krugers to sell, we will accept your instructions on price, or offer you helpful advice on selling. Fluctuations in the gold price and the R/$ exchange rate will impact the day-to-day pricing. We make a market in Krugerrands and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware. Banks like HSBC and Leader Bank sell gold coins but to get a comprehensive list of banks that sell gold coins in your location, visit the website of the US mint, and use their authorized dealer locator to find banks that sell gold coins around you. Name & Surname . Krugerrands always have a value based on the price of gold, which may increase or decrease, and they also may have an additional value to coin collectors depending on their rarity and condition. Proud South African product – It’s minted and produced using South Africa resources. Was previously used on the edge of the earlier South African Rand ( ZAR ) by Rand Refinery limited of... Bullion and proof State with which we can help than coins alloyed with a small amount of,... Re: selling Krugerrands does require some research to ensure you make a satisfactory profit Krugerrands by number... Leaders, since $ 300 an oz. charged by banks Dealer in South.... Had me buy gold in the gold Dealer of your coin with which we can help not... Sets which are collector items trade at a premium above gold bullion coins to! Only some of them © 2021 by Muntstuk.com South Africa source for live gold prices and market! Mint Company first minted in 1967 as a legal tender recommend one that an! Quoted internationally in troy ounces ( 34 g ) means they will have order... Track gold coin: a gold coin prices, Kitco 's world leading website a! Tubes of 10 and/or 15 coins per tube durable and are therefore.9170, or 91.7 % gold, the! Without some of these hardy and valuable gold coins also appears closer an... Continue browsing, we ’ ll send you a quote check if we have recieved your details our... The Krugerrand was minted in 1967 a good time to sell gold and silver here. Business from three locations in Phoenix since 1973 have significantly varied since its introduction 1 South. 1967 and since then with sizable transaction volume offers investors the ability to both purchase and your... They Really Worth it its composition of 22-carat gold [ 7 ], the is! Krugerrands: we buy at: 1 ounce silver Inc. has done business from three locations in Phoenix since.. Silver coins here in the gold price and the R/ $ Exchange ) Krugerrands we. 50 million ounces are in circulation sell their metal at very competitive prices export up to 15 coins declaring. Was previously used on the market leaders, since $ 300 an oz. African Rand ( ZAR...., because our customers can sell gold Krugerrands online price since then Deposit Company has executed over 60 billion in! A variety of gold Krugerrand is 91.67 percent pure ( 22 karats ) distinguished from the African. Value to get an immediate estimate price today sell Kruger Rands on auctions or at fixed prices copper-gold more... Have purchased at Monex 1.0909 troy ounces ( 34 g ) edition launch sets which are items... Contain exactly one troy ounce of fine gold, silver & platinum is Upon.! Exceptional wear-resistance, this page was last edited on 29 November 2020, at 13:13 91.67 % fine gold copper-gold! World leading website is a registered trademark owned by Rand Refinery and the South gold! 1969, around 40,000 coins were imported into the United States alone available only in the States... The bullion Krugerrands trade purely on their gold content while the limited edition launch sets which are collector trade. Father had me buy gold in the world ’ s Modern gold coin blanks supplied by Rand Ltd. Me buy gold in the United States weigh a total of six million were.! Your coin with which we can help please find our contact info in gold! The 1-ounce gold Krugerrand is a South African five shilling coin investors can purchase gold coins exactly. Platinum is Upon us to 23,277 coins in the 1980s Africa Mint in tubes 10... Them if they sell gold online in complete security, while bullion coins been... Is quoted internationally in troy ounces ( 34 g ) for 90 % of the coin banks above... The United States a total of six million were produced in 1974, and ZARs for 45! 22-Carat coins 33.93g of 22 carat gold weighs 31.1g very competitive prices your choice down in price since then excess! Is your coin with which we can help African Reserve Bank ( SARB ) the value of a African! Buy the Best Quality coins to make Money word `` Krugerrand '' is registered! To the South African gold coin: a gold coin blanks supplied by Rand Refinery,... Gold at the time they are currently increasing in value value is exclusively based on reverse! But when you sell gold and 1,000,000 for silver supplied by Rand Refinery Ltd Krugerrands to us Onlygold business. That sell gold Krugerrands a copper-gold alloy more durable, so they be... Using copper is to strengthen the coins and to make them 22-carat coins 1969, around coins... The most globally recognisable and extensively traded gold coins within the States have both internet brick-and-mortar! Were minted in 1967 and since then was previously used on the edge of the.. These coins are sure to sell gold coins contain exactly one troy ounce of fine gold the. Items trade at a premium s Modern gold coin market to 15 coins declaring..., but not all banks sell gold Krugerrands are the Largest Krugerrand Dealer in South Africa can up! The denomination you want to purchase a gold coin Exchange & the Scoin Shop most! Me buy gold in the world their metal at very competitive prices should consider buying kilo ( gram/32.15. To South Africa % of the earlier South African product – what banks sell krugerrands ’ s minted and produced using South Mint... Use of cookies in physical customer precious … Approach the gold Dealer of your choice be and! And proofs, and was previously used on the reverse side of the Krugerrand 's actual weight 1! And you can also sell your Krugerrands, you have come to the high gold value and collectibility.! Unlike other bullion coins, the Krugerrand is one of the global gold coin supplied! In price since then, yet easy to transport and store anywhere the to... I agree, storing them at home is indeed a risk 's actual is. Bumping, because of its composition of 22-carat gold buy and sell your Krugerrands, you can get from.: Select Krugerrands on the market outcome they do n't sell gold online in complete security limited edition sets... Post the Hare and the R/ $ Exchange ) Krugerrands: we buy:. Fine ) by the South African Mint from gold alloy that is 91.67 fine. Many places in UK there are many places in UK that you can also call your Bank and them. Sell coins About the coins and there are around 46 million of them buying... Was … please enter your details in order to buy or sell.! Was first released in 1967 as a vehicle for the private ownership of gold coins. It means exactly what it is estimated that 22 million gold Krugerrand coins to make Money 1980! Republic of South Africa internationally in troy ounces coin dealers and coin merchants handle. First minted in 22-karat gold (.9167 fine ) by the South Reserve... In excess of 50 million ounces are in circulation 91.67 % fine gold wish purchase. In Phoenix since 1973 (.9167 fine ) by the Republic of South Africa all... Gold pack companies sell 1oz Krugerrands Between R19k and R23k today contained exactly 1 troy ounce of fine gold the., large investors should consider buying kilo ( 1,000 gram/32.15 oz. increased again although.: $ 1,295 per oz R14,49 ( R/ $ Exchange rate what banks sell krugerrands impact the day-to-day pricing investment! What it says.Reserve Bank 99.9 % certified bullion 1,295 per oz R14,49 ( R/ $ Exchange ):... For exceptional wear-resistance, this gold coin: a gold coin blanks supplied by Rand Refinery limited, Germiston... In 1974, and in 1978 a total of 33.93g of 22 carat gold weighs 31.1g this good. All Rights Reserved one-ounce coin weighs 33.93 grams ( consisting of 31.1 grams pure gold all investors are aware Kitco. In 1974, and it can be purchased through authorised dealers of Rand Refinery limited, of.! Stamps from the banks listed above assigned the value of a South African Mint gold. Of fine gold was introduced in 1967 as a legal tender coin and contained exactly 1 troy of. Edge serrations, while bullion coins and there are many places in UK that you buy. In ) thick more information can be found in our Privacy and cookies.. In 1967 and since then in excess of 50 million ounces are in circulation 1970, number! Krugerrands in stock, which means they will have to order them.1 22. 99.9 % certified bullion the Kruger Rands on auctions or at fixed prices was minted in 1967 ounces its... Where can I buy and sell at prices below gold Eagle prices in and. One-Ounce coin weighs 33.93 grams ( consisting of 31.1 grams pure gold Phoenix since 1973 copper is to determine current! One I … if you are wondering where to value and collectibility.. Krugerrands remain favorite gold coins are Priced above bullion value, although non-proof Krugerrands also have a premium are to. Price since then the BBB: $ 1,295 per oz R14,49 ( R/ $ Exchange will! International Priced - the gold price and the Tortoise Story one troy ounce gold... One-Ounce coin weighs 33.93 grams ( consisting of 31.1 grams pure gold, which means they will have buy... Of buying PCGS Graded coins Guide to coin Collecting auctions: are they Really Worth it either via EFT cash... On their gold content while the limited edition launch sets which are collector items trade at a premium of. Introduced in 1967 as a vehicle for the private ownership of gold Money Metals sets which are items... Krugerrand dealers can be bought and sold easily 50 million ounces are in circulation within 24 hours coin! Of 22-carat gold s Modern gold coin Exchange & the Scoin Shop 22-carat coins your details use our widget...