0.1 oz Krugerrand

Description

The 1/10 oz South African Gold Krugerrand Coin is available in Brilliant Uncirculated condition from the years of our choice. Each coin has been minted with 1/10th troy ounce of pure gold. While we cannot guarantee the exact year you will receive, your coin will be from 1980-2014 and will be in brilliant uncirculated condition

Gold Krugerrands are designed to be durable and are therefore .9170, or 91.7% gold, with the remainder being copper. These popular gold coins also appears closer to an orange shade than coins alloyed with silver. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper).

Krugerrand value

The Krugerrand coin determines its value by its gold content plus a premium that is dictated by market conditions. (Gold Price per ounce)

TheKrugerrandis 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.The name is a compound ofPaul Kruger, the former President of the South African Republic (depicted on the obverse), andrand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa’s national animal.

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. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.