Krugerrands are gold bullion coins with legal tender status.
Where are Krugerrands minted?
Krugerrands have been minted in South Africa since 1967. Trademarks and rights belong to the South African Reserve Bank.
Are Krugerrands recognised internationally?
Krugerrands are the most popular 1oz gold bullion coin in the world with over 60 million coins sold to date.
How is the price of Krugerrands calculated?
The value of a Krugerrands depends primarily on the value of the metal used to make it. If the price of gold increases, the price of gold bullion coins also does. The Rand/Dollar exchange rate also plays a factor.
Will I pay VAT on Krugerrands?
Krugerrands are not exempt from VAT. They attract VAT at a zero rate.
How much gold does a Krugerrand hold?
One troy ounce of gold and it is 91.67% pure gold (22 Karat). Krugerrands are also available as 1/2oz Krugerrands, 1/4oz Krugerrands and 1/10oz Krugerrands. Krugerrands are VAT exempt as they carry legal tender status.
What is the size of a Krugerrand?
A 1oz Krugerrand is 32.77mm in diameter and 2.84mm thick and weighs 33.93 g.
Frequently Asked Questions
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Gold Summit (Pty) Ltd is a trusted South African Krugerrand dealer, an authorised dealer with Rand Refinery. Based in Johannesburg, South Africa, we offer secure and discrete selling and buying of Krugerrands.
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