Where to Sell Krugerrands in South Africa
What exactly are krugerrands?
Krugerrands are well-known, widely owned, and widely traded gold bullion coins that were first minted in the Republic of South Africa in 1967.
Why are they known as Krugerrands?
It is named after former South African President Paul Kruger and its currency, the Rand.
Where to sell krugerrands in South Africa?
1. SA Bullion; located at Cape Town
2. The Scoin Shop; located at Pretoria
3. Investgold; located at Sandton
4. The South African Gold Coin Exchange (SAGCE); located at Umhlanga
5. AUREX 79; located at Pietermaritzburg
6. GOLD RUSH GOLD EXCHANGE; located at Mbombela
7. The Scoin Shop – Eastgate; located at Johannesburg
8. Captain Gold Buyers Pretoria; located at Pretoria
How Much Gold Is in a Krugerrand?
A Krugerrand coin has one ounce of gold and weighs 1.09 ounces due to the presence of a trace amount of copper alloy, which makes the coins more durable.
What is the value of a Krugerrand gold coin?
The current or most recent bid price for a Monex Gold Krugerrand is $1876.2.
What makes Krugerrand unique?
Krugerrands are formed of a gold and copper alloy, with the coins being 91.67% gold and 8.33% copper.
Why do people purchase Krugerrand?
Krugerrands are the simplest and most cost-effective option to invest directly in gold bullion.
What is the value of a 1976 gold Krugerrand?
A one-ounce gold Krugerrand from 1976 is worth $2,030.
Do Krugerrands gain in value?
Krugerrands do increase in value. Krugerrands have appreciated by 50% every year since 2002, compared to 25% for gold.
Can I export a Krugerrand from South Africa?
Foreigners or visitors may take up to fifteen Kruger Rand coins out of South Africa if they can establish that the coins were purchased with foreign currency brought into South Africa, according to South Africa Revenue Service (SARS).
How can you know whether a Krugerrand is genuine?
When impacted on a table or glass surface, real Krugerrands give off a lighter, crisper tone, but fake Krugerrands give off a deeper sound.
