Krugerrand Gold Coins.

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The Krugerrand is 32.6 millimeters in diameter and 2.74 millimeter in thickness. The Krugerrand’s real total weight is 1.0909 troy ounces or 33.93 grams. It actually is minted from gold alloy which is 91.67% pure gold or 22 karats. The coin features one troy ounce or 31.104 grams of gold. The remaining 8.3% from the coin’s makeup is copper. This alloy is known historically as crown gold which has long been employed for English gold sovereigns. This gives the Krugerrand a much more orange look than silver alloy gold coins. Copper alloy coins are not as hard and extra durable, so they tend to resist scratches and dings.

YearVolumenumerical value / market price
Krugerrand 1 ounce gold 1967Bullion: 40.000
Proof: 10.000
Bullion: 1.2 × Krugerrand Cpor’s price
Proof: 1.5 × Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1968Bullion: 21,044
Brilliant Proof: 8,956
Frost Proof: 1,044
Bullion:  1.2 ×Krugerrand Cpor’s price
Proof:  1.3 × Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1969Bullion: 20.000
Proof: 10.000
Bullion: 1.2 ×Krugerrand Cpor’s price
Proof:  1.1 ×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1970Bullion: 211.018
Prueba: 10.000
Bullion: Krugerrand Cpor’s price
Proof  1.1× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1971Bullion: 550,200
Proof: 6,000
Bullion: Krugerrand Cpor’s price
Proof:1.3×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1972Bullion: 543,700
Proof: 6,625
Bullion:  Krugerrand Cpor’s price
Proof  : 1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1973Bullion: 859,300
Proof: 10,000
Bullion:Krugerrand Cpor’s price
Proof: 1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1974Bullion: 859,300
Proof: 10,000
Bullion: Krugerrand Cpor’s price
Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1975Bullion: 4,803,925
Proof: 5,600
Bullion:  Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1976Bullion: 3,004,945
Proof: 6,600
Bullion: Krugerrand Cpor’s price
Proof  Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1977Bullion:  3,331,344
Of which we have 1 variants (220 edge serrations): 10,000 (Estimate)
Proof : 8,500
Of which Proof with 188 edge serrations: 4,500 (Estimate)
Of which Proof with 220 edge serrations: 4,000 (Estimate)
Bullion: Krugerrand Cpor’s price
Proof  1.3×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1978Bullion: 6.012.293
Proof: 10.000
Bullion:Krugerrand Cpor’s price
Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1979Bullion: 4.940.755
Proof: 11.800
Bullion: Krugerrand Cpor’s price
Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1980Bullion: 3.049.396
Proof: 12.000
Bullion:  Krugerrand Cpor’s price
Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1981Bullion: 3.185.827
Proof: 12.900
Bullion: Krugerrand Cpor’s price
Proof 1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1982Bullion: 2.668.506
Proof: 16.960
Bullion: Krugerrand Cpor’s price
Proof 1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1983Bullion: 3.349.061
Proof: 19.100
Bullion: Krugerrand Cpor’s price
Proof 1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1984Bullion: 2.055.689
Proof: 14.000
Bullion: Krugerrand Cpor’s price
Proof 1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1985Bullion: 864.995
Proof: 10.224
Bullion: Krugerrand Cpor’s price
Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1986Proof: 21,040Proof  1.1×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1987Bullion: 99,798
Proof: 10,196
BE with mintmark GRC: 1,650
Bullion: Krugerrand Cpor’s price
Proof:  1.2× Krugerrand Cpor’s price
Proof GRC:  1.4×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1988Bullion: 614,673
Proof: 5,074
BE with mintmark GRC: 1,220
Bullion: Krugerrand Cpor’s price
Proof 1.2× Krugerrand Cpor’s price
Proof GRC:  1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1989Ingots: 194,319
Proof: 5,070
BE with workshop mark GRC: 987
Bullion: Krugerrand Cpor’s price
Proof  1.3× Krugerrand Cpor’s price
Proof GRC:  1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1990Bullion: 391,393
Proof: 3,032
Proof with workshop mark GRC: 1,066
Bullion: Krugerrand Cpor’s price
Proof  1.3× Krugerrand Cpor’s price
Proof GRC:  1.4×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1991Bullion: 283,184
Proof: 2,181
Proof with mintmark GRC: 426
Bullion: Krugerrand Cpor’s price
proof  1.2× Krugerrand Cpor’s price
Proof GRC:  2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1992Bullion: 1.803
Proof: 2.067
Bullion:  1.2 × Krugerrand Cpor’s price
Test. 1.2 ×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1993Bullion: 162.340
Proof: 3.963
Bullion:  Krugerrand Cpor’s price
Proof 1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1994Bullion: 129.530
Proof: 1.761
Bullion:  Krugerrand Cpor’s price
Proof 1.3× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1995Bullion: 58.630
Proof: 1.678
Bullion: 1,2×Krugerrand Cpor’s price
Prueba.1,2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1996Bullion: 9.874
Proof: 2.188
Bullion:  Krugerrand Cpor’s price
Proof: 1.2×Krugerrand Cpor’s price.
Krugerrand 1 ounce gold 1997Bullion: 1,663
30th anniversary proof: 330
BE mintmark SS: 72
Bullion:  1.1×Krugerrand Cpor’s price
Test:  1.3 ×Krugerrand Cpor’s price
Test SS:  1.8 ×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1998Bullion: 6.276
Proof: 2.000
Bullion:  Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 1999Bullion: 25.265
Proof: 2.787
Bullion: Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2000Bullion: 31.739
Proof: 3.188
Bullion: Krugerrand Cpor’s price
Proof  1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2001Bullion: 33,406
Proof: 5,168
BE with mintmark CW: 395
Bullion: Krugerrand Cpor’s price
Test  1.2×Krugerrand Cpor’s price
Test CW:  1.5×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2002Bullion: 89,230
Proof: 2,931
BE with mintmark RSA: 600
Bullion: Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price .
Test RSA  1.4 × Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2003Bullion: 81,862
Proof: 2,136
Proof with mintmark CUL: 498
Bullion: Krugerrand Cpor’s price
Test 1.2×Krugerrand Cpor’s price
Test CUL 1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2004Bullion: 39,838
Proof: 2,136
Proof with Kruger signature: 499
Bullion Krugerrand Cpor’s price
Test  1.2×Krugerrand Cpor’s price
Test Kruger  1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2005Bullion: 41,657
Proof: 2,970
Proof soa: 375
Bullion: Krugerrand Cpor’s price
Test  1.2×Krugerrand Cpor’s price
SoA Test  1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2006Bullion: 205.405
Proof: 1.969
Bullion: Krugerrand Cpor’s price
Proof: 1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2007Bullion: 177,238
Test: 2,321
BE with mark 40: 395
Bullion Krugerrand Cpor’s price
Proof  1.2×Krugerrand Cpor’s price
test 40  1.4×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2008Bullion: 741,233
Proof: 2,243
Bullion: Krugerrand Cpor’s price
Proof:  1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2009Proof: 2,500Test  1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2010Bullion: 613.870
Proof: 2.500
Bullion: Krugerrand Cpor’s price
Proof  1.2× Quote Cby
Krugerrand 1 ounce gold 2011Bullion: 722 938
Proof: 2500 ? (estimate)
Bullion: Krugerrand Cpor’s price
Proof 1.2 × Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2012Bullion: 716 295
Proof: 2500 ?
(estimated)
Bullion: Krugerrand Cpor’s price
Proof: 1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2013Bullion: 833 261
Proof: 2500 ?
(estimated)
Bullion: Krugerrand Cpor’s price
Proof  1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2014Bullion: No numbers
Proof: 1000?
(estimate)
Bullion: Krugerrand Cpor’s price
Proof: 1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2015Bullion: 1,554,120
Proof: 1,000 ?
(estimate)
Bullion: Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2016Bullion: No numbers
Proof: 1000?
(estimate)
Bullion: Krugerrand Cpor’s price
Proof  1.2× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2017Bullion: No figures
50th anniversary bullion: 100,000
50th anniversary PROOF: 5000
Bullion  :  1.04× Krugerrand Cpor’s price
Bullion 50th Anniversary:  ​​1.05× Krugerrand Cpor’s price
Proof 50th Anniversary:  ​​1.4× Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2018Bullion: No
Proof: 1000
Bullion: 1,02×Krugerrand Cpor’s price
Proof: 1,2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2019Bullion: No
Proof: 1000
Bullion:  1.02×Krugerrand Cpor’s price
Proof  Quote 1.2×Krugerrand Cpor’s price
Krugerrand 1 ounce gold 2020Bullion: No
Proof: 1,000
Bullion: 1,02×Krugerrand Cpor’s price
Prueba 1,2×Krugerrand Cpor’s price
Krugerrand 1 oz gold 2021Bullion: No
Proof: 1,000
Bullion:  1.02×Krugerrand Cpor’s price
Proof Quote  1.2×Krugerrand Cpor’s price
GRC  : Gold Reef City Originally a branch of the South African Mint Company, the Gold Reef City Mint is an independent private company but legally mints Krugerrands under the control of the National Mint. 
SS  : Sabi Sabi Game Reserve,
CW  : COINS MINT ON THE OOM PAUL MACHINE. 
Very rare. 
Mintmark “CW” coins were sold to individual visitors to the SA Mint museum. 
75% of the total mintage was sold this way, leaving only 25% available to numismatic collectors, making it a rare item in the world of numismatics.
RSA: South African Mint was the “guest of honor” at the World Money 2002 fair in Switzerland.  To commemorate this event, a proof of 1 ounce (1 oz) Krugerrand.  
CUL for the 100 years of the Cullinan Reserve.
BE Proof 2011 low gold.  In 2011, several Krugerrand proofs were found to be struck with a substandard gold alloy. The South African Reserve Bank later reported that the affected coins were produced in April and May. Of the 1,500 run over during this period, six are below the required weight.  Two senior Mint executives were fired.
The bank has informed dealers and collectors that any coins they deem do not meet the required specifications will be exchanged at the expense of the South African Mint.

The kruggerand in the investment gold market.

The Krugerrand is the first one ounce gold coin. Before, for an ounce of gold, you had to buy bullion, which is unaffordable for small investors.

In 1975, the United States government repealed the Gold Reserve Act, and Americans could again freely own investment gold. As a result, purchases of Krugerrands have skyrocketed. The United States was the largest market for Krugerrands, accounting for 50% of all sales.

  • From 1975 to 1984, 22 million Krugerrands were imported into the United States.
  • In 1984, the United States Congress banned the importation of Krugerrands in protest against the apartheid policy of the South African government. Krugerrands already in the country could be bought or exchanged, but new coins could not be afforded. This situation lasted until 1994, when South Africa held its first democratic elections.
  • In the 1980s, many other Western countries imposed similar import bans on the Krugerrand. As a result of these economic sanctions, the sale of Krugerrands decreased.
  • Due to the immense popularity of the Krugerrand, other gold-producing countries decided to produce their own gold coins in the late 1970s, such as the Canadian Maple Leaf, Australian Nugget, Chinese Panda, American Eagle, and Britannia. in the United Kingdom.

Krugerrand Coins are the gold bullion coins that have been minted the most, the have been the most sold coins in history, more than 42 million krugerrands have been minted since their debut in 1967. They have been minted more than all the other gold coins put together. The Majority of krugerrands were minted in the 70’s and 80’s at that time the demand for these coins was really high because investors thought that it could protect them against inflation. In 1974 Americans regained their right to buy and sell gold bullion, at that moment Krugerrand Gold Coins became extremely popular and millions were instantly sold.

In 1985 the South African Congress prohibited South Africa to sell Krugerrand Coins to the United States, with the coins that had already been imported in the U.S the market mantained active, thousands were bought and sold daily. In 1994 the South African Congress lifted the ban and krugerrands were back in the U.S market.

You can now buy Krugerrands at will, they come in four sizes, the very famous 1-ounce krugerrand, 1/2-ounce, 1/4-ounce, and 1/10-ounce, without a doubt the 1-ounce krugerrand is the most popular, the easiest to buy, it is also the easiest to sell, and it can be found in large quantities. They all have the same design, so they all look the same, the only difference is weight and price.

Types of Krugerrand in the market.

The quoted Krugerrand is one ounce, but there are smaller coins (1/2, 1/4 and 1/10 ounce). Over 47 million ounces of gold have been circulating as Krugerrands since their creation in 1967. Their value is simply the value of their gold content. As the Krugerrand is one of the easiest gold coins in the world, every investor should own Krugerrands as part of their gold investment strategy. Beware, there are fake krugerrands on the market.

krugerrand1 ounce1/2 ounce1/4 ounce1/10 ounce
Content in ounce1,0000.50.250.1
content in gram31,10315,5527,7763.11
Weight (gram)33.9316,9658,4823,393
Gold purity (karat)22222222
law (or golden ratio)916.67 ° / oo916.67 ° / oo916.67 ° / oo916.67 ° / oo
Diameter (mm)32.7727.0722.0616.55
Thick (mm)2.842,2151,8881.35

The Krugerrand name is attributable to the Boer statesman Paul Kruger. He was a fourth term president of the South African Republic. The other side depicts a springbok, a nationwide symbol of South Africa. The picture was designed by Coert Steynberg, and was previously used on the back of the South African 5 shilling coin. The name “South Africa” together with the gold content materials are inscribed in each Afrikaans and English.

The word “Krugerrand” is now a registered trademark owned by the company Rand Refinery Restricted, of Germiston, South Africa.

The South African Mint Organization creates limited edition proof Krugerrands intended as collector’s products. The Krugerrand value is above bullion value, although non-proof Krugerrands also have a premium over gold bullion value. They can be distinguished from your bullion Krugerrands by the number of serrations to the edge from the coin. Proof coins have 220 while bullion coins have 160 of these.

The Krugerrand is minted in gold for historical reasons. You may run across some Web sites offering to provide silver Krugerrands, but, according to the “Tax Free Gold” site, there is no silver Krugerrands minted. These kinds of coins “are not official, don’t have any authorized tender value, are not made or sanctioned by the South Africa Mint or Authorities, and have no Krugerrand value.

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