2016 South Africa 1 oz Gold Krugerrand BU

2016 South Africa 1 oz Gold Krugerrand BU
Product Available Date: 12/28/2016

Note: These items are on a slight delay. We expect to ship these by 12/28/2016. Because these items are on delay, your entire order will ship upon their arrival.

As low as $59.99 per coin over spot!
The Gold Krugerrand coin has enjoyed worldwide popularity since first issued in 1967 with a simple yet classic design depicting two key South African figures: Paul Kruger and the springbok antelope.

Coin Highlights:

  • Contains 1 oz of Gold.
  • Multiples of 10 are packaged in mint tubes. All other coins will be in protective plastic.
  • Obverse: Likeness of Paul Kruger, South Africa's first and only president, along with “South Africa” in Afrikaans and English.
  • Reverse: Along with the year of minting and Gold weight, the image of the national animal of South Africa, a springbok antelope.
  • Minted by the South African Mint.

Protect and display your Gold Krugerrand in style by adding an attractive presentation box to your order.

Start off the new year with the latest Gold Krugerrand release! Buy 2016 1 oz Gold Krugerrands now to keep your collection up-to-date.

The history of South Africa 1 oz Gold Krugerrand coins

The South Africa 1 oz Gold Krugerrand owes its existence to the prosperous Gold mining history of the country. The Gold in South African Gold coins and sold in many other products over the years has made the country the most advanced and richest African country, after Nigeria. Gold started with the discovery of a diamond that led to subsequent major Gold rushes, including the Witwatersrand Gold Rush, the largest of the rushes. Krugerrand Gold coins from South Africa were the first modern Gold bullion coins to be produced – and have been a sign of wealth ever since that first minting in 1967.

Why invest in South Africa 1 oz Gold Krugerrand coins

South Africa 1 oz Gold Krugerrand coins are the quintessential investment coin. Have these South African Gold coins in your portfolio, and you will have the international symbol of wealth in your possession – and a coin seen by many as a good investment. These 1 oz Gold bullion coins like other Gold bullion provide an investment many consider a safe haven because the price of Gold often holds steady even when other investments falter. Krugerrand Gold coins and other Gold bullion also hold value even as inflation devalues the dollar and other currencies, making these Gold coins a good choice for many who want to balance their investment portfolios.

As you buy South Africa 1 oz Gold Krugerrand bullion and other Precious Metals, know these terms.

When buying South Africa 1 oz Gold Krugerrand coins and other Precious Metals, it’s important to know basic terms. South African Gold coins are priced based on the troy ounce Gold spot price in U.S. dollars. A 1 oz Gold bullion coin weighs one troy ounce, which is slightly more than the standard ounce commonly used in the U.S. The spot price of Gold is the price of unfabricated Gold. Gold coins are purchased with a premium price, which includes costs for fabrication, distribution, nominal dealer fees and any numismatic or collector value. The price of Gold coins also may be sold in local currencies, but those Gold prices are always converted from the Gold price in U.S. dollars.

Customer Reviews of 2016 South Africa 1 oz Gold Krugerrand BU
2016 South Africa 1 oz Gold Krugerrand BU
4.5 Overall

(based on 2 reviews)

Reviewed by 2 customers

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Standard issue

By  Seattlestacker

from Seattle

4.0

Everybody knows the Krugs.

Pros

  • Easy to Sell
  • Mint Condition

Cons

  • Common (higher mintage)

KRUGs are great too

By  Rockhound

from Oklahoma City

5.0

I like the color variation - more orangish tone if nothing else makes the Krug more interesting rather than having all ones bullion coins the more typical gold color. The 22k alloy also makes it more tough.

Pros

  • Attractive Design
  • Mint Condition
  • Recognized Brand

Displaying reviews 1 - 10 Back to top

Know how Gold coins, Gold bars and Gold rounds differ when investing.

Gold coins like South Africa 1 oz Gold Krugerrand coins are just one type of Gold bullion you can buy to add to your investment portfolio. Coins like the South African Gold coin tend to have numismatic or collector value which boosts their value. Older, rarer 1 oz Gold bullion coins have the highest numismatic value. In addition to Gold coins, you will also find Gold bars and Gold rounds for sale. These Gold bullion bars and rounds typically have little numismatic value and are generally closer to the Gold spot price. While Gold coins are made by government mints, Gold bars and Gold rounds are typically manufactured at private mints.

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