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.
How To Sell Krugerrands In South Africa
Where is the best place to sell Krugerrands?
A gold coins dealer is your best bet. The gold coins dealer will buy the coins from you for slightly below their retail price and resell them to his customers at their full value. If you don’t want to sell the coins to a coin dealer, the other option is to go to a scrap gold dealer.
What is a Krugerrand worth in rands?
| KRUGERRAND 1 oz | KRUGERRAND 1/10 oz | |
|---|---|---|
| We Sell | R29,570-00 | R3,220-00 |
| We Buy | R28,270-00 | R2,800-00 |
Where do Krugerrands come from?
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.
Can I take Krugerrands out of South Africa?
Foreign visitors/travelers may take up to fifteen Kruger Rand coins with them out of South Africa given they can prove that the coins were acquired with foreign currency brought with them into South Africa.
Are gold Krugerrands a good investment?
Gold is a stable commodity globally, so is naturally a good investment.
But more importantly in cases like this – Krugerrands are easy to sell and convert to liquid capital (should you require it). So, a sort of ‘best of both worlds’ investment scenario in times of uncertainty.
Are Krugerrands cheaper in South Africa?
In South Africa, the ideal way of investing in gold bullion is Krugerrands.
Simply stated, it is the cheapest available gold bullion product on the South African market.
This is due mainly to low production costs by the Rand Refinery, and VAT free status.