Something you need to know about     

One Ounce of Gold
The South African Chamber of Mines had an inspired idea to help market South African gold. It was to issue a one ounce bullion coin, to be sold at a very low premium over the intrinsic gold value.

Back in 1967
Krugerrands were first minted and issued in 1967, and have been produced every year since. They have legal tender status in South Africa, which allowed them to be imported into many, but not all, countries without import taxes, duty or VAT.

The Krugerrand Family
Originally only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. This was originally known as a krugerrand, or kruger, for short. From 1980, three other sizes were introduced, namely a half, quarter, and tenth ounce size. Because of these, the original krugerrand is sometimes referred to as a "full" or "one ounce" kruger or krugerrand, although within the trade, the word kruger or krugerrand is understood to be the full sized original one ounce version.

British Investors Missed Out
At the time of the kruger's introduction, it was not legally possible for British residents to acquire bullion gold coins, so that the krugerrand was almost unknown in Britain until 1971.

Low Premium Over Gold Content
According to the publicity at the time, the kruger was to be made available to world bullion dealers at a 3% premium over the current gold fix, so that after distribution costs, the coins would be available to investors in quantity at about 4% to 5% over intrinsic gold values, and possibly 10% premium for single pieces.

Higher Premium on Smaller Sizes
The fractional sizes were issued at higher premiums to bullion dealers of 5%, 7%, and 9% respectively. The fractional coins have never been as popular as the full one ounce coins, usually only being purchased as singles, so that in practice, it would usually cost 10% to 15% premium for the half and quarter ounce, and from 20% to 50% premium for the tenth ounce, most of which seem to have been used in jewellery. Most bullion houses do not want the bother of handling small quantities of low value coins.
As an example of this, in the 1970's we, as a small provincial dealer, would frequently handle 500 krugerrands in a single day, but a purchase of 100 tenth krugerrands was a major event, yet it was only ¹/₅₀th the size of deal!

Not a Pretty Sight
Krugers were never intended to be an aesthetically pleasing coin, just a lump of gold with a known weight and value. They certainly cannot be called pretty.
Collectors seeking aesthetically attractive coins would be better looking at British gold sovereigns, or some of the newer bullion coins.

Technical Specifications
The following tables summarise the specifications of all the sizes.

Table Notes
We understand "remedy" to mean the excess weight which the coins are designed to have to allow for any manufacturing tolerances.
The ¹/₁₂th of the alloy which is not gold, is copper.
Min. = minimum.
Max. = maximum.
Diam. = diameter.
Thick. = thickness.
Edge = number of edge serrations
If you ever get bored with counting your wealth in krugerrands, you can always check the number of edge serrations!

Prices
Gold bullion prices fluctuate constantly. We don't try to maintain a current price quotation on our website.
Please contact us if you wish to buy or sell krugerrands.

At the last update of this page, we could offer krugerrands at 10% premium for singles, and 8% - 7 or 6% of ten or more, over the intrinsic bullion price.

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Använd gärna min “INTRESSE-ANMÄLAN” skicka email = gold@mirolcentre.com

eller ring +34-695-924862

Mycket välkommen att kontakta mig. Jag ser fram emot att höra från dig.   Hans Olof Savasen Chairman and Principal Spanien – Monaco - Swerige

http://www.mirolcentre.com/mirol/              

gold@mirolcentre.com                                 

  ett företag i ”Savasen”-gruppen.

   
One Ounce                                            One Ounce

        
Half Ounce                                 Quarter Ounce                 Tenth Ounce