Introduced in 1967, the South African Krugerrand was the premier choice for investors and collectors in the 1980's due to its store of wealth. Recognised as the world's first bullion Gold coin, the Krugerrand coin is an international symbol of wealth and prestige.
Minted by the South African Mint, the Krugerrand coin was introduced to drive demand for South African Gold and offered a stable storage of wealth. The coins have no face value and its value is directly linked to the daily Gold Spot Price.To assist with trading and accounting, their weight is stamped on each coin to indicate its worth as Gold.
Made with a copper-gold alloy for additional durability, they are struck at 22 carat Gold and allowed private ownership of Gold at a time when it was illegal for foreigners to purchase Gold bars, given that South Africa produced 75% of the world's Gold in the late 1960s and early 1970s.
Designed by Otto Schultz, the obverse features Paul Kruger, four-term president of the old South African Republic. The reverse depicts the springbok, an iconic symbol of South Africa designed by Coert Steynberg.
Investment in Gold Bullion Coins such as Krugerrands means ownership of physical bullion that holds real value and not simply confirmation on pieces of paper. Depending on your level of bullion investment, this shall inevitably influence your decisions on your secure storage arrangements its capacity with additional investments to your portfolio.
In partnership with Brink’s, Gold.co.uk has an exclusive secure and fully insured storage solution from as little as £10 per month. Read here to find out more information or call us on 0121 369 3000 to talk to one of our advisors.