What is Kruger Rand?
The Krugerrand 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.
How Much Is Kruger Rand In south Africa?
| KRUGERRAND 1 OZ | KRUGERRAND 1/10 OZ | |
|---|---|---|
| We Sell | R31,000-00 | R3,500-00 |
| We Buy | R29,600-00 | R2,960-00 |
What is the value of a Krugerrand?
Though a Krugerrand weighs 1.09 troy ounces, each coin contains one pure ounce of gold.
The value of one Gold South African Krugerrand coin is equivalent to the melt value of one troy ounce of gold, which varies minute by minute.
What is so special about Krugerrand?
The Krugerrand is comprised of copper and gold alloy that weighs a total of 1.0909 Troy ounces, of which one Troy ounce is 24 karats of pure gold (. 999).
The copper alloy makes it highly durable and scratch-resistant–and gives the Krugerrand its signature orange-gold hue.
How do I sell my Krugerrand?
A gold coins dealer is your best bet. The gold coins dealer will buy the coins from you for slightly below their retail price and resell them to his customers at their full value.
If you don’t want to sell the coins to a coin dealer, the other option is to go to a scrap gold dealer.