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1/10 oz South African Krugerrand gold coin (various years)

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If you are seeking a durable and well-known investment gold coin with unparalleled liquidity and which is ... read more
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478,00 BGN
The photos are used for illustration purposes only and may not be an exact representation of the product.

Introduction

If you are seeking a durable and well-known investment gold coin with unparalleled liquidity and which is available at a low premium over the prevailing spot price of gold, then the South African 1/10 Krugerrand could be the investment you are looking for.

To this date, investors have bought some 48 million ounces of fine gold contained in over 60 million coins, establishing the Krugerrand as the most popular and actively traded gold coin in the 21st century.

Why Buy

  • Krugerrand gold coins are a liquid asset. This stems from the fact that they are well recognised and traded globally by coin dealers, investors and banks. There is always a market for Krugerrand gold coins.
  • Krugerrands track the price of gold. The value of Krugerrand coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
  • Krugerrands are money. Krugerrand gold coins are legal tender in South African and are accepted and exchanged as such throughout the world.
  • Krugerrand gold coins are durable. They are minted from a crown gold alloy that is 91.67 % pure (22 karats). The rest of the alloy contains copper, which strengthens the coins’ surface and enhances the durability of the coin making it suitable for handling.
  • Krugerrand coins are the equivalent of savings. Krugerrands are an ideal choice for any type of long-term saver who appreciates the security and stability of owning legal tender physical gold coins.
  • Krugerrand gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes Krugerrands serve as a portfolio hedge against market risk.

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    582,00 BGN
  • Buyback price
    478,00 BGN
  • Your risk now
    104,00 BGN

Fact: gold price in BGN has risen 159.76% in the last 10 years. The lowest price was 1774,89 BGN/oz and the highest 4764,21 BGN/oz. Current world market price is 4751,34 BGN/oz

History

The Krugerrand gold coin created by the South African gold-mining industry 

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in the early 1970s by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa.  

Krugerrand gold coins portray President Kruger  

The obverse of the Krugerrand gold coin depicts Stephanus Johannes Paulus Kruger, former president of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under the name Transvaal. Paulus Kruger, who was also a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of the British controlled South Africa. 

Kruger came from a simple background; born on a farm in 1825 in South Africa he lacked any formal education, although his proficiency in hunting and horse riding would prove to be of good use during his military service in the Transvaal army. He advanced fairly quickly in the army ranks and by his early 40s was already promoted to Commandant-General of the Transvaal forces. Kruger’s skills went beyond being a soldier, since he was a fine diplomat as well. In 1877, when the Boers clashed for the first time against Britain, Kruger through diplomatic means secured a victory for the Boers. This boosted his popularity, and as a result, he was elected president of the Transvaal Republic in the general elections that followed three years later.     

The South African Krugerrand contains gold from the richest gold deposit on earth  

Unfortunately, the peace between the Boers and British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even to this date, the Witwatersrand region is home to some of the richest gold deposits on earth; it is believed that almost 45% of all the gold ever mined on earth has come from this rich South African gold region. The British, determined to secure control over these vast riches, sent a huge force, by some estimates over 400,000 people strong, to combat the Boers. The Boers, greatly outnumbered by the British force, lost the war, and Transvaal was absorbed back into the British Empire in 1902. President Kruger who managed to escape to Europe never set foot again in Africa and he died in exile in Switzerland on 14 July 1904.

Product weight in grams
3.3931
Gold weight in grams
3.11045
Fineness
916.7
Gold weight in troy ounces
0.1
Diameter (mm)
16.55
Thickness (mm)
-
Face value description
0,1 oz of gold
Manufacturer

Obverse

The obverse portrays the former President of the South African Republic, Paul Kruger. His picture is surrounded by the text “Suid–Afrika” and “South Africa”, the name of the country in its two native languages, Afrikaans and English.

Reverse

The reverse features a galloping springbok on grass. Above the springbok is the text “KRUGERRAND”. Under the animal is the inscribed text “FYNGOUD 1/10 FINE GOLD”. The centre of the coin contains the year of mintage with the first two figures of the year visible on the left of the springbok, and the last two figures on the right.

Packaging

Each coin is individually packaged in a hard plastic capsule.

Supported delivery methods

When placing an order through our online shop, you can choose one of the following options:

  • delivery to address by Econt
  • delivery to Econt office
  • delivery by a secure (incasso) vehicle
  • pick them up from a Tavex office

Delivery by Econt might take from 1 to 3 working days, and delivery by a secure vehicle – from 3 to 5 working days. Delivery times depend on when you placed the order and the payment for it, when paying by bank transfer.

Delivery by a secure (incasso) vehicle is carried out to an office of SOT 161, the exact address is subject to an additional agreement.

Orders placed before 3:00 p.m. are processed and delivered to the courier on the same working day, and those placed after this time – on the next working day.

In the case of payment by bank transfer, orders are processed after confirmation of your payment by 3:00 p.m.

You are welcome to come and pick-up your products from the office you chose during checkout at the same day after we have received your payment.

In all instances, you need to present a valid ID to collect the products. Take into consideration that the client, the payer and the recipient must be the same person.

Insurance

The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.

Packaging

The products are encased in protective wrapping and placed in a discreet, unbranded padded package.

Delays

If a delivery delay occurs or if the ordered product is out of stock, we will always contact you by email or phone to give you details about the delivery.

Shipping prices

Prices of “Delivery to address”, and “Delivery to Econt office” are based on the total cart price. You can see detailed price information during checkout before you submit the order.

“Delivery by a secure (incasso) vehicle” to an office of SOT 161 within Bulgaria costs 60 lv. and for orders over 9 700 lv. it is free.

Safe delivery

Each shipment is discreetly packed and fully insured , so you can order products online without fear.

High stock availability

Most Tavex products are always in stock and therefore Tavex can deliver quickly and pick up on the same day at top prices on the market. Tavex is the official partner of the world’s largest mints, such as Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., PAMP Suisse and Valcambi refineries – market leaders in gold bullion production – but also of many other gold refineries and dealers.

Low prices

Thanks to over 25 years of experience and large transaction volumes, Tavex can offer you the best prices on the market. At the same time, you can maximize your return on investment due to the low margins and spreads operated by Tavex.

This product is not available for online purchase at the moment.

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