Wholesale 10 x 1 Ounce Krugerrand Gold Coin

Description

The tube of 10 x 1-ounce gold Krugerrand is packed with reddish gold coins in vintage design. The reason the coins appear reddish is because of the copper content. The coin appears red because of its copper content. The obverse is engraved with the image of the first president of the Republic of South Africa, Paul Kruger.  

The reverse is engraved with an image of a springbok antelope, the national symbol of South Africa. The year of manufacture and the weight are also written on the back. The 1 oz. South African Krugerrand Gold coin is one of the most popular coins on the market. The pioneering Krugerrand coins were minted in 1967.

Coin Features:

• Contains 1 ounce of .9167 gold which translates to 22K gold.
• Come are back-dated, in circulated condition.
• A product of the South African Mint and a legal tender in the country.
• Coins are supplied in plastic slips.
• The front is engraved with a right profile image of the first South African president Paul Kruger as done by Otto Schultz.
• The reverse features a springbok antelope, the national symbol of South Africa as done by Coert Steynberg.

The Krugerrand is a product of the South African mint weighing 1 troy oz. with a purity level of .9167. The gold coin is considered a classic that avid investors need to have in their portfolios. Buying the tube of 10 x 1 ounce Krugerrand gold coin protects investments and offers investors an opportunity to own an international bullion coin that symbolizes wealth and prestige.

The SA mint produces all coins in South Africa including the South African rand that operates under the South African reserve bank. The mint is located in Centurion, Gauteng not far away from Pretoria, the capital. The mint also manufacturers coins and planchets for domestic and international markets.

After gold was discovered in the South African Republic consequently causing the 1886 gold rush, Paul Kruger decided to build a mint. The mint was completed in 1890 and opened on 6 July 1892. The second Boer war ended in 1902 which saw the country being annexed by the British Empire and becoming a colony. As a result, the mint was closed and the pound sterling became the legal tender.

The Mint Act of 1919 enabled the British to open a branch of the Royal Mint on 1 January 1923. When South Africa gained independence, the mint closed on 30 June 1941 but was later reopened as the South African Mint.

Gold Krugerrands dominated the market for 12 years after it was first minted. The Canadian gold maple leaf was the first to challenge the Krugerrand for the marker share. The coins were the first to be accorded legal tender status. However, the coins were never engraved with face value.

Investing in the tube of 10 x 1-ounce gold Krugerrand coins enables you to own classic gold coins in brilliant. Krugerrands can be purchased for worldwide delivery and secure vault storage.