Krugerrand | 1/10 troy ounce

 

The Krugerrand is produced by the South-African Mint (Rand Refinery) and was introduced on July 3, 1967 to stimulate the South-African gold market. Even though the coin is legal tender it was never used as such. 

 

The Krugerrand is very popular among investors and around the year 1980, it accounted for almost 90% of the worldwide sales of gold investment coins, in spite of several boycots against the Apartheid regime that made it impossible to import the coin. Even now, the coin is still very popular and many investors choose the coin over other coins because of its international character.

 

The gold 1/10 Krugerrand has a purity of 916,7/1.000 and has a net weight of 3,11 grams (1/10 troy ounce). The remaining 0,28 grams are made of copper, which gives the coin its typical slightly orange colour. This alloy ensures that the coin is not damaged as easily as other troy ounce coins with a purity of 999,9/1.000 like the Maple Leaf.

 

The face of the 1/10 Krugerrand shows an image of Paul Kruger, the 5th and last president of the Transvaal, the former South African Republic. Paul Kruger was elected president of the Transvaal on December 30, 1880, after which he served three more terms. Under his leadership, the then bankrupt Transvaal transformed into a prosperous and strong Boer state. After the start of the Second Boer War, Kruger left South-Africa and he arrived in The Hague on December 6, 1900. After a stay in The Netherlands, he moved to Switzerland, where he died on July 14, 1904.

 

The reverse side of the Krugerrand has an image of a springbok - the national symbol of South-Africa - which can also be found on the South African Rand. The springbok also refers to Witwatersrand, a mountain range in the province of Gauteng, South-Africa, where 40% of all the gold in the world comes from.

 

Right under the image of the springbok you can find the initials of the designer, Coert Laurens Steynberg. The bottom of the reverse side mentions the name of the coin, the year of issue and the purity and weight of the coin in South-African and English; ‘fyngoud 1/10 oz’ en ‘1/10 oz fine gold’.

 

The 1/10 Krugerrand and other gold coins are perfectly suitable as a purchase of physical gold. Gold coins are not taxed because they are considered monetary gold. And while all the gold coins offered by Argentor have been tested for authenticity, they are not delivered with a certificate of authenticity. That, unlike gold bars.

 

You are more than welcome in our office to sell your gold 1/10 Krugerrand coin(s). You needn't make an appointment to do so.

 

Our buying prices are adapted every minute to the gold actual rate and will be hedged once you present your coin(s) in our office. You can always check our live buying prices on this page.