The coins have legal tender status in South Africa, although Krugerrands were never assigned a rand (ZAR) value. Krugerrands were designed to derive their value exclusively from the price of gold at the time they are traded. If the price of gold changes, so does the price of Krugerrands....
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Kru·ger·rand (kro͞o′gə-rănd′, -ränd′) n. A one-ounce gold coin of the Republic of South Africa. [Afrikaans : after Stephanus Johannes PaulusKruger(1825-1904), South African politician+rand,rand; seerand1.] American Heritage® Dictionary of the English Language, Fifth Edi...
How much gold Krugerrands are worth depends on the price of gold. Any Krugerrand is worth at least its weight in gold when you sell. On the retail market, gold Krugerrand prices are usually expressed as a "premium over spot." This means the value of a given Krugerrand is the gold spot...
There is no need to worry about the price of gold and silver moving as your prices are locked in at the time of your order. With over $10 billion dollars in trusted transactions since 2006, Gainesville Coins is one of the most trusted gold and silver bullion dealers worldwide. ...
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There are several gold bullion coins on the market today, but none have a richer history than the South African Krugerrand Gold Coin. This popular gold coin program was the first of its kind and is still popular to this day. Learn all about the history of this unique coin program, right...