Krugerrand Gold Coins
April 22, 2009 by Grams · Comments Off
The Krugerrand is a South African gold bullion coin, which was first minted in 1967 to help expand South African gold exports to the world. Although the coins are legal tender in South Africa they are not actually meant to be used as currency; so they are generally regarded as a bullion coins.
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 Gold Krugerrand 1oz 1984  US $1,307.09
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 Gold Bullion One Ounce Krugerrand South Africa 1978 BU US $1,395.00
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 1 OZ PERTH MINT COPY BAR KRUGERRAND OUNCE COPY COIN US $14.95
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 5 SOUTH AFRICA KRUGERRAND LION 100 MILS 24K GOLD BARS US $49.95
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 Krugerrand Gold Replica US $.99
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 2 gold bullion coins 1 0z krugerrands collectors mint US $2,612.00
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The Krugerrand created a world first in modern times as the first bullion coin that could be used as legal tender at the market value of its face gold content. Earlier gold coins such as the gold sovereign had a currency value engraved on one side which could differ significantly from their gold market value. The Krugerrand was also the first gold coin to contain exactly one ounce of fine gold and was intended from the beginning to be an investment vehicle for the private ownership of gold. By making the coin legal tender, Krugerrands could be owned by American citizens, which had banned private ownership of gold bullion but allowed ownership of foreign coins. However, because of the apartheid policy in South Africa, the Krugerrand was declared an illegal import in many Western countries during the 1970s and 1980s, until the South African political reforms of the early to mid-1990s.
Their gold content of a Krugerrand is exactly one troy ounce. Originally, it was sold at a premium of five percent over the base gold value, and only one size of coin was made, containing one troy ounce (31.1035 g) of gold. Today Krugerrands are produced in a variety of sizes, at a premium above the market price of gold.
Because the Krugerrand is actually a gold alloy that is 91.67 percent pure (22 karats), the total weight of a "one ounce" coin is 1.0909 troy ounces (33.93 g), to provide one troy ounce of pure gold. The remainder of the coin's mass is made up of copper (2.826 grams), which gives the Krugerrand a slightly orange appearance compared to silver-alloyed gold coins. Alloys are used in order to make gold coins harder and more durable, which helps make them resistant to scratches and dents during handling. In 1980, three other sizes of Krugerrands were introduced, offering a half, quarter, and tenth ounce weights.
1oz Gold Bullion Bars and Coins
April 21, 2009 by Grams · Leave a Comment
Buying 1oz Gold Bullion Online
Gold is available for sale as natural flakes or nuggets right up to 1000 oz bullion bars with an amazing range of forms and sizes in between these extremes, including of course jewelry. The type of gold you choose to purchase is usually determined by what you plan to use it for. In this article we will cover the types of 1 oz gold bullion that are available for investment purposes.
1 oz gold bullion represents one of the smaller gold units that you can purchase if you are thinking of investing in gold. The smaller unit size and associated cost makes the 1oz size the perfect investment unit for the small investor who is looking to accumulate a physical gold portfolio over a period of time. In its favor there are transport, storage, ease of use, and portability advantages to purchasing small units of bullion compared to the larger 100 oz and 1000 oz sizes. While you can buy gold bullion in smaller sizes than one ounce, we won't be exploring that option in this article.
Gold Bullion Coins
1 oz gold bullion coins are produced by precious metal mints in many parts of the world. Many of these gold coins are legal tender although the face values on the coins are usually just a fraction of their true gold content value. Coins are usually purchased individually or in rolls and boxes. One strong advantage gold coins have over bars, is that they are much harder to counterfeit. By weighing them with highly accurate coin scales and measuring them with a specific sleeve or gauge for the correct coin type it is easy to identify any irregularities in size and weight of the coin.
Gold bullion coins generally do not have any numismatic (collectors) value. Their price is normally determined by their actual gold content based on the spot price of gold, plus a sellers premium. Both the spot price of gold and the sellers premium can vary depending on current supply and demand dynamics. there are other 1 oz gold coins which have numismatic value in addition to their gold value and while they are often purchased by investors, it is not so easy to determine the value of the purchase premium, so we will not discuss them here.
Well known gold bullion coins include the South African Krugerrand, the Canadian Gold Maple Leaf, the American Gold Eagle, the American Gold Buffalo, and the Australian Gold Nugget, all of which contain exactly one troy ounce of gold each. The Chinese Panda, and the beautiful Austrian Philharmonic gold coins are also increasing rapidly in popularity.
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 2008 CANADA $50 DOLLARS MAPLE LEAF 1OZ FINE GOLD COIN US $1,430.00
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 10 2010 1oz Gold $50 American Buffalo PCGS MS70 Coin US $14,075.00
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 1986 AMERICAN EAGLE 1OZ ONE OUNCE $50 GOLD PROOF COIN US $1,720.20
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 1986 AMERICAN EAGLE ONE 1OZ OUNCE $50 GOLD PROOF COIN US $1,720.02
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 2010 PCGS MS70 First Strike $50 1oz Gold Buffalo Coin US $1,439.75
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 999 Gold Layered Bullion INDIAN HEAD 1oz Coin US $2.07
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Gold Bullion Bars
1 oz gold bullion bars come in two main styles determined by the manufacturing process. There is the conventional gold bar or ingot cast in a mould with stamped markings, and minted bars made from strips of gold that have pressed markings and sometimes holograms. The purchase premium you pay over the spot gold price is normally less on the cast bars than the minted bars. The attractive minted gold bars typically come in a sealed protective plastic case with a certificate of authenticity from the manufacturer and serial number. PAMP Suisse are probably the best known and sought after gold bars in this category. One ounce PAMP Suisse gold bars are 1 5/8 inches (41 mm) tall and 15/16 inches (24 mm) wide, are approximately 2mm thick, and weigh 31.1 grams (1 troy ounce).
Gold coins and bars are the two main types of 1 oz gold bullion products that are easiest to identify and verify for purposes of buying and selling on the open market. Gold jewelry in the form of chains etc is much harder to value and has a high manufacturing premium when bought new. This premium is normally lost when it is sold again, making it a poor investment choice, although you do get the pleasure of use by wearing it, unlike coins or bars.
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 US LIBERTY Gold Bar 100 Mil 24k Gold MINT 1ozReplica US $4.88
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 999 Gold Layered 1oz Bar AUSTRALIAN $100 NOTE US $2.06
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 1OZ 999 Pure Fine Gold Layered Buffalo REP Bullion Bar US $19.00
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 5X1 RARE 1998 X MAS 24 K Gold Plated Bar 1OZ STAMP COIN US $9.99
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 5X1 RARE CANADIAN POSTAGE Gold Plated Bar 1OZ COIN US $9.99
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 Cartier 1oz 18K Gold Bar US $500.00
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