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South African Gold Krugerrand CoinsThe history of Gold Krugerrand coins is intertwined with South Africa's rich history, its mining heritage, and the global gold market. Introduced as the world's first modern bullion gold coin, the Krugerrand has played a pivotal role in shaping the way gold is bought, sold, and invested in around the world.
First minted in 1967 by the South African Mint, the Gold Krugerrand was named after Paul Kruger, the former president of the South African Republic. Paul Kruger’s portrait graces the obverse of the Gold Krugerrand, while the reverse depicts the springbok antelope, the national symbol of South Africa.
The Krugerrand distinguished itself from other gold coins by being alloyed with copper, giving it a distinct reddish hue. This allowed the coins to be more durable and resistant to scratches, making them suitable for circulation. However, unlike traditional coins, Krugerrands were not intended for general use as currency but were primarily minted for investment purposes.
During the 1970s, many countries imposed sanctions on South Africa due to its apartheid policies. As a result, the Krugerrand faced restrictions and embargoes in various parts of the world. Despite these challenges, the Krugerrand remained popular among investors who recognized its intrinsic gold value. Despite the political obstacles, the Krugerrand managed to establish itself as a symbol of gold investment worldwide. Its accessibility, recognizable design, and consistency in quality contributed to its popularity. By the 1980s, as political circumstances changed, the Krugerrand gained broader acceptance in international markets.
With the increasing popularity of the Krugerrand, other countries introduced their own gold bullion coins in subsequent years. The Krugerrand series expanded to include not only the classic gold version but also fractional sizes, such as a 1/2 oz coin, 1/4 oz, and 1/10 oz. The South African Mint introduced the Krugerrand Silver coin in 2017, offering collectors and investors additional options.
Today, the Gold Krugerrand stands as a respected and iconic gold coin with a lasting legacy. It's considered one of the most widely recognized and traded gold coins globally, embodying South Africa's historical and economic journey while also remaining a favored choice for those seeking to invest in precious metals.
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I'm very satisfied with the 10oz silver bars I received. I had no issues with the purchase process and received the product with no issues in and in a timely ma ...
Order has arrived. Shipping on your end was fast but with the recent weather conditions delivery was delayed. You get 5 stars from me! Products received were ...
Great introductory offer. It was easy to place my order. Website is very good.
Missed my chance to apply a promo code and contacted customer support. They cancelled the order and resubmitted it with the promo code applied. Very happy wit ...
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Simple and easy. Quick response to questions.
I was elated to find 20 ounces of silver at spot. After this initial deal goes through I will be increasing my stack.
Thanks for the spot deals that you offer as a silver stacker that is what I look for because you buy silver to stack and preserve your wealth because if you buy ...
Found your link through Walmart.com and followed it to your web address out of pure curiosity.
Great first time experience.
The website was very easy to use. Payment process also good
Great Pricing...Ill be back!
Nice website layout….intuitive and easy. Especially like the bank account connection. Also liked the new-customer tube of silver buffalos at spot.
Thanks for the great price
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Fast, easy and straight forward as it gets.
Very good experience
Thank you very much looking forward to buying more in the future after I receive this order thank you and you have a great day
Easy process. So far so good
Online experience was fantastic