EVERYTHING YOU NEED TO KNOW ABOUT THE KRUGERRAND

Produced by the Rand Refinery in South Africa, the Krugerrand was a brilliant way to utilise the huge amounts of gold the nation’s mines were producing by bringing investment gold bullion in the form of coins to the average man in the street. Suddenly, everyone could be a gold investor.

The South African Chamber of Mines had an inspired idea to help market South African gold. It was to issue a one ounce bullion coin, to be sold at a very low premium over the intrinsic gold value. They are still considered to be a good investment and carry a low premium over gold of about 1.5 to 3% on the secondary market. Originally only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. This was originally known as a Krugerrand, or Kruger, for short. There are many common misspellings of the word Krugerrand, we even have our