Where to buy a Krugerrand?

Krugerrands are gold coins that were minted by the Republic of South Africa in 1967 to help promote South African gold to the international markets and to make it possible for individuals to own gold. Krugerrands are among the most frequently traded gold coins in the world market.

The Krugerrand is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of Paul Kruger, the former President of the South African Republic, and rand, the South African unit of currency. Wikipedia

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Are Krugerrands worth more than gold

Unlike the Krugerrand coins, each does not have a fixed value such as a cent in addition to a nickel. Instead, the Krugerrand works like gold: it is actually worth the real value of gold at the time it is offered, as required by the London Bullion Market Association. Krugerrand Each spot gold coin contains almost one ounce of gold.


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Are Krugerrands illegal in the US

Eventually, in 1985, the United States banned the import of certain Krugerrands. Many investors misunderstood this ban and the claim that the Krugerrands were illegal possession in the United States (the import ban has been lifted so re-importing the Krugerrands is now legal).

Are Krugerrands a good investment

Investing in gold or silver Krugerrand coins can be an added benefit, as investing in the valuable asset used to produce them has a new, safe base value that has been valued for millennia. However, before investing, you need to make sure that you are not paying too much for the Krugerrand.

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What country used the Krugerrand as currency

The name of the coin comes from the name of Paul Kruger, the South African rand, the main currency in South Africa. Paul Kruger was the country’s first Boer president from 1883 until the turn of the century in 1900.

Are Krugerrands illegal in the US

While these coins were once illegal due to increasing sanctions imposed by South Africa’s apartheid policies that were lifted with the end of apartheid in 1994, these coins are now perfectly legal to own, hold, buy and sell in the United States.

Where to buy a Krugerrand

wins so far. Capital gains tax does exist when you pay it, but not when a person buys something much more useful, like collectibles or Krugerrand coins,” explained Rael Demby, CEO of SAGCE & The Scoin Shop. “We are always looking for ways to improve customer satisfaction

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