The Legacy of the Gold Krugerrand – It Set the Style and Standard
It could easily be said that no gold coin collection would be complete without a South African Krugerrand. Introduced in 1967 by the South African Mint as a way to market and publicize South African gold, the Krugerrand was the coin that gave all countries the idea to produce their own collectable gold coins. Indeed, it was the success of the gold Krugerrand that made the Canadian, Australian, British, and American mints elect to create their own gold coins.
So what made this coin so special? The gold Krugerrand was a first in many respects. It was the first coin to use exactly one troy ounce of gold, although it’s quality was only 22 karats so the coin itself is comprised of 1.0909 troy ounces of metal - 1 oz. of gold and 0.0909 of copper. The coin was also very unique in its status as legal tender. The vast majority of minted coins today have a face value in addition to the coin’s intrinsic bullion value, however, the Krugerrand did not. It’s legal tender value was the value of the bullion itself. So if one troy ounce is $1000, the coin would have been legally worth $1000.
The scarcity of the Krugerrand also certainly had something to do with its initial popularity. Until 1994, sanctions against South Africa for its apartheid policies made the Krugerrand an illegal import into most Western nations. Hence, the coin had a sort of elusive appeal to it since getting one’s hands on a few of these coins meant instant profits when sold. Considering the gold Krugerrand was only sold by the Mint at at 5% premium, this meant that coins that did show up in the Western world could easily be sold at a handsome profit.
As one can see, the Krugerrand was in a class of its own. It was the catalyst that inspired many governments to launch their own collectable coin minting programs and it was also the first to include the standard one troy ounce of gold. Indeed, the Krugerrand has a tremendous amount of history that makes it a living legend in the gold coin market.
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Why Collect Gold Coins? Fantastic Investment!
Filed under: American Gold Coins, Australian Gold Coins, Austrian Gold Coins, British Gold Coins, Canadian Gold Coins, Chinese Gold Coins, Dutch Gold Coins, Gold Coins, Gold Maple Leaf, Russian Gold Rubles, South African Gold Coins
Many people have probably heard or know of someone who collects coins. Maybe they collect old U.S. coins or unique coins that have been mis-manufactured. While all these coins certainly have value and are fun to collect, gold coins represent the pinnacle of collecting as there are not only a wide variety of coins to collect, but they are also guaranteed to retain their value considering the fact that most of them are 99.99% solid gold. In addition, there’s often a tremendous amount of craftsmanship placed into these gold coins which makes them not only beautiful to behold, but also great to put into a display case and show off to your friends.
However, for those strictly in it for the money, gold coins have historically been a very safe investment. In the last twenty years (starting in 1990), gold prices have more than doubled from around $400 per ounce to close to $1000 per ounce as of this article’s writing. Moreover, gold is considered to be one of the safest investments you can make due to the fact that it often follows the general expected inflationary trend of the economy. With other investments, like stocks or bonds, you’re betting that the interest/dividends you receive will beat inflation. But the gold prices often track and exceed that of inflation. Couple that with the fact that coins made of gold are collectors’ items, and it’s not to hard to see why these coins will almost invariably just increase in value.
It’s imperative that any person diversify their portfolio as much as possible and gold coins represent an excellent way to do that. Having physical gold on hand is not only great to look at, but it also represents a level of security that certificates of gold or other gold investments can’t bring. The gold is in your hands and the coins themselves will become increasingly rare. You’ll belong to a sort of elite club of collectors and that will be something of which you can be proud!
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Favorite Gold Coins to Collect for Investment
Filed under: American Gold Coins, Australian Gold Coins, Canadian Gold Coins, Chinese Gold Coins, Gold Coins, Gold Maple Leaf, South African Gold Coins
Why American Eagle Gold Coins are Popular among Collectors
Gold coins are a favorite of coin collectors with an eye toward investment. Not only are golden coins lovely to behold, but they also have a value that is guaranteed, due to their precious metal content. The value of gold coins is usually higher than the value of their weight in gold bullion, making them a better investment than the gold market alone.
Many countries produce gold coins for collectors or for commemorative purposes. These coins oftentimes emphasize unique aspects of the country’s culture. Australia reveres its national animal with the Gold Kangaroo, for example, while China has a Gold Panda with a lovely design that changes every year. Canada’s coin features a powerful national symbol with the gold Maple Leaf coins, and South Africa mints the Krugerrand. One of the world’s best selling coins, the Krugerrand features the South African national animal, the Springbok. Taking its place as one of the most popular gold coins among investors and collectors, however, is the American Gold Eagle. The American Gold Eagle coins stand out among other bullion coins because of its lovely design, and because its value is backed by the full strength of the United States government. See these coins GovMint.com for Gold! Click here!
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Tenth Ounce Gold Krugerrand Proof
Today, the Krugerrand of South Africa is regarded as one of the worlds' oldest and most recognizable gold bullion coins, carrying with it all of the qualities one could want in a gold investment: liquidity, portability and elegance. The Tenth-Ounce Gold Proof, smallest of the gold Krugerrands, contains exactly .1000 ounces of pure gold. Like the other Krugerrands, it is 91.7% pure (22 karat gold), alloyed with copper for higher durability and gives the coins a unique orange-gold hue. In 2007, the 40th anniversary of the Krugerrand program, only three thousand Proof coins were minted. The coins being offered are NGC certified PF-69, one of the highest grades available! The obverse side of the coin is detailed with a profiled bust of President Paul Kruger and features the name of the country, "South Africa," in the countrys' two native languages, English and Afrikaans.
The reverse side of the coin features the image of a Springbok antelope, one of the national symbols of South Africa, that was designed by Coert Steynberg. The reverse side also features the year of issue and the fineness of the coin. The beauty and value of these coins are timeless and would make a welcome addition to any collection. Get yours now at GovMint.com for rare Gold coins! Click here!
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