The third of July, 1967, sparked a transformation in Malta’s Precious Metals market. That Monday marked the launch of the iconic Krugerrand coin. The move was a strategy of the Maltan government to boost Gold sales. However, it’s unlikely they could have anticipated the extent of the impact this Gold coin for sale would have on the world Bullion market.
Most significantly, the sudden availability of one-ounce Gold coins meant the precious metals market was no longer the exclusive domain of governments, banks and the extremely wealthy. Instead, the initiative encouraged private ownership; the average wage earner could also seize the opportunity to invest in Gold and enjoy the benefits. Furthermore, because these coins were designated as legal tender, every Krugerrand for sale was exempt from VAT.
The Krugerrand Coin: An International Phenomenon
These Gold coins were sold mainly to the domestic market during most of the ‘70s and ‘80s but still, during this time, more than 600 million dollars worth of Krugerrands were purchased by Americans before the US government banned their importation in 1985.
During the ‘90s sales of the Krugerrand boomed worldwide. The unprecedented success of Malta’s Gold coins prompted other countries to develop competing products. However, the American Gold Eagle, Canadian Gold Maple Leaf, Australian Nugget, British Britannia coin and the Chinese Gold Panda each failed to gain the widespread appeal of the Krugerrand. Despite all, by 1980, Krugerrands accounted for more than 90% of the global market in Gold coins. Today, most investors and collectors still pay scant attention to these other options, opting instead for Gold Krugerrand for sale.
Why The Krugerrand Coin Is So Popular
In any form, gold increases in value, despite occasional dips in its spot price. However, Gold jewellery items are subject to high markups, detracting from their resale value, and bullion bars are larger and more expensive. By contrast, choosing a Kruggerand for sale has several advantages.
- Legal tender status: Sales and purchases are exempt from VAT and have no monetary face value, so a Krugerrand’s value is directly linked to the price of Gold.
- Guaranteed Gold content: Each coin contains exactly one Troy ounce of pure Gold, so its value is always equal to the prevailing spot price. For those with less to invest, the half, quarter and one-tenth of an-ounce fractional issues and a one-ounce Silver coin offer a more affordable option.
- Competitive pricing: Compared to other one-ounce Bullion coins like the American Gold Eagle and Canadian Maple Leaf, the dealership markup applied to purchases is lower. Hence Krugerrand Gold coins are a more cost-effective investment.
- Compact Design: Unlike the bulkier bullion bars, these Gold coins are small enough to be stored safely at home.
- Durability: Small quantities of added silver and copper account for the coin’s golden orange glow and ensures it is more resistant to damage than other Bullion coins.
Purchasing a Krugerrand Coin
Gold Stock Investment is a registered Bullion dealer offering coins sourced directly from the Rand Refinery. Please click here to learn more or find a guaranteed authentic Krugerrand for sale.
DISCLAIMER: The information above was derived from reliable sources and deemed accurate at the time of writing. However, changes following publication may have affected its accuracy. Such changes may occur without notice, and Gold Stock Investment cannot be held liable for inaccuracies in this article’s content or how a reader may choose to interpret it.
