Post by izalid on Oct 1, 2010 4:24:03 GMT -6
African Krugerrand is a gold bullion coin minted in 1967 for the first time. South Africa has been the Mecca of the gold production since 1886. The Krugerrand gold coins helped South Africa to market the gold coming out from the deep mines. South Africas gold mines supply around 25% of the global production. Krugerrand is the first bullion gold coin containing one ounce of 22 karat fine gold. Krugerrand is guaranteed by the South African government for its purity and weight. The Mint Company of South Africa produces limited proof editions of Krugerrands targeting the coin collectors. Krugerrands found to be good investment option and handy to exchange quickly when need arises.
The African Krugerrand gold coins tender value is its metal value at the present cost of the gold and a small amount of premium for minting and handling fees. Other bullion coins have a fixed tender value that is minted on its face which is usually greater than the metals bullion value. Among the four coins the one ounce gold Krugerrand coin is more popular because the premium is less for one ounce Krugerrand when compared with the other fraction Krugerrands. Proof coins of Krugerrand cost above the bullion value. There are no silver coins sanctioned or produced by the South African Government. Over the time, about 54 million Krugerrands gold coins have been minted.
African Krugerrand one ounce coin weighs 33.93g that is 1.0909 ounce. Krugerrands gold coins come in four denominations tenth ounce, quarter ounce, half ounce and one ounce of gold. All the four Krugerrand coins are minted from 91.67% pure gold (22 karats). Krugerrand bullion gold coins allow the investors of different budgets to buy bullion gold coins. These gold bullion coins have legal tender value in South Africa that allowed exporting to many other countries without VAT, duty or import taxes. As African Krugerrand is well recognized, it is much easy to buy and sell these gold coins internationally. You can even purchase these coins online. Online sellers update the bullion prices constantly from Monday to Friday. Online sellers also provide their phone numbers on their web pages. You can either place your order online or call them to buy African Krugerrand
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