It was mass produced and intended to be sold near the value of its gold content. Due to its resilience to scratches, I’d recommend buying second-hand coins rather than the most recently minted. The impact of this relationship between the Gold price and the depreciation of the Rand can be clearly seen in the graphs below which display the price of Gold in US Dollars next to the price of Gold in SA Rands over the last 5 years. You are only liable for Capital Gains Tax when you make more than £10,200 profit in any given tax year. This coin was … The Impact Of Coronavirus For E-commerce With China, Source Food Sprouts Idea For New F&B Business Incubator, Top South African Women To Judge The 2020 Santam Women Of The Future Awards In Association With FAIRLADY And TRUELOVE, Businesses Should Set Up Their Own ‘Command Centre’ To Respond To COVID-19 Pandemic, Tips For Employers To Enhance Hygiene And Health Of Employees In Light Of Covid-19. First minted in 1967, Krugerrands are the most popular 1oz gold bullion coin in the world. I’d also avoid Proof versions of the coin. Now, this may not be an issue if you only buy a handful of Krugerrands, have no other assets to breach your tax-free threshold or, sin of all sins, decide not to declare the sale to HMRC. Dan. Investors who buy for investment purposes look for price increases because of silver’s supply/demand fundamentals. The same goes for gold. Please enter your username or email address to reset your password. This year, on 3rd July, the minting of Krugerrands celebrated their 50 th year of existence. Indeed due to the huge number in circulation and its global recognition, the depth of the Krugerrand’s liquidity is only matched by that of the British Sovereign, a coin which has built up its liquidity over many more years. Krugerrands are considered one of the bullion world's safest bets and the 2018 1 oz Silver Krugerrand is no exception. It reached as low as 17 in early 1980. For this reason, we always prefer mixing Krugerrands with a portfolio of coins such as the UK tax free coins – The Sovereign and Britannia. The Krugerrand coin is one of those coins which most people, even my grandmother, have heard of and this is for good reason. Yes, it is a new product. Small units of the 1oz Silver krugerrands will be dispatched in hard-cased plastic capsules. Is a Krugerrand a wise investment? It is, however, not a good short-term investment and for such, we recommend investing in the stock exchange. We offer 1 oz Silver Krugerrands individually and in Monster Boxes of 500 coins. South African Silver Krugerrand Coins The South African Mint has a rich history of capitalizing on the wealth of gold in South Africa with the production of a coin referred to simply as the Krugerrand. British Silver Britannia’s are among the most popular silver coins in the world. Incredibly by 1980, the Krugerrand coin accounted for 90% of the gold coin market. A Krugerrand is simply Gold bullion minted in the form of a one-ounce coin (or smaller denominations thereof). The company also deals in Krugerrands and collectable coins. Silver South African Krugerrand coins debuted in 2017 as part of the 50 th-anniversary celebration for the Gold Krugerrand coins from the South African Mint.The collection had never featured silver coins before and the mint originally introduced 1 oz silver coins in bullion and proof options. With the global economy in tatters and simmering tensions in Korea and the Middle East, gold is still very much on the radar of investors. 1 oz Silver Krugerrands are eligible for inclusion in Precious Metals IRAs. There are more Krugerrands in circulation than all the other gold bullion coins combined. All Silver Krugerrands contain 1 oz of .999 fine Silver. Save my name, email, and website in this browser for the next time I comment. One way is to buy Krugerrands, which are considered the ideal hedge against inflation. According to Wikipedia, the coin has the status of legal tender and may be offered in payment to creditors. The Gold Krugerrand’s popularity and investment value has made its new silver and platinum Krugerrand counterparts highly-anticipated and hoped for, according to global collectors. I love both Krugerrands and Sovereigns as they are the best value coins (price wise) and have the deepest second hand markets. FREE pdf here. By continuing you agree to our use of cookies. Brand new Krugerrands can be 3-5% more expensive. Where many investment options require a great deal of knowledge, skill and time – the lack of which could run inexperienced investors into trouble – buying Krugerrands is a very easy and cost-effective way to invest in Gold. Copyright © 2021 Physical Gold Ltd, Tower 42, 5th Floor, 25 Old Broad Street, London, EC2N 1HN, UK 020 7060 9992 | info@physicalgold.com, Registered company in England & Wales: Company Number: 6776948 | Sitemap. To appeal to the investment market it was the first coin to contain exactly 1oz of pure gold, ensuring a straightforward marketing proposition compared to the likes of a Sovereign which contains 0.2354oz. Like a majority of other assets, any profits on Krugerrands have to be declared and are liable for tax of up to 28% if you breach the modest thresholds. THE SILVER KRUGERRAND. Cookies are tiny files kept on your web browser and may save info. So the Krugerrand is a very liquid coin, easy to buy and sell and it maintains its condition well. Here are five reasons why the Krugerrand is the perfect investment for a business owner: Krugerrands were originally minted to make investing in Gold a reality for the man in the street. 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