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Live Spot Prices:

Spot Prices:
Gold Ask 1,342.53 8.22 Open: 1,334 High: 1,343 Low: 1,334
Silver Ask 17.08 0.03 Open: 17.05 High: 17.11 Low: 16.82

2016 1 oz South African Gold Krugerrand Coin (BU)

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Product Description

As low as $60.99 per oz over spot!

The South African Krugerrand is the world’s oldest gold bullion coin, and the first introduced in the modern era specifically for use as an investment tool. The Krugerrand has fallen down the ladder in terms of visibility in recent years, but remains a proven commodity in the precious metal industry. Currently JM Bullion is offering the 2016 1 oz South African Gold Krugerrand coin for purchase in Brilliant Uncirculated condition.

Coin Highlights:

  • Coins ship to you in a protective plastic flip or mint-sealed tube containing 10 Krugerrands.
  • 49th year of production for the South African Krugerrand!
  • Contains 1 oz of 22-karat gold (.9167).
  • Images inspired by the natural environment of South Africa, as well as its first leader.
  • Available in BU condition.
  • Minted by the South African Mint.

There was a point in time when the Krugerrand was the only option for gold investors interested in a gold bullion coin. Introduced in 1967, the Krugerrand was the world’s lone bullion coin until 1979, when the Royal Canadian Mint introduced the Canadian Gold Maple Leaf. At its height, 22 million Krugerrands were shipped to the US alone in a year.

However, the South African system of apartheid led Western nations to boycott South African goods in the late 1970s, including the Krugerrand. This was a large reason for the introduction of the Canadian Gold Maple Leaf. Despite the significant drop in popularity, it remains a sought-after coin today.

On the obverse face of all Krugerrands is the image of President Paul Kruger, the first president of the South African republic in 1905. Kruger was so beloved, his image not only inspired the design of the coin, but also its popular name. Kruger’s likeness is surrounded on both sides by “Suid-Afrika” and “South Africa,” the Afrikaans and English spellings of the national name.

The reverse features the Springbok antelope, a native species of South Africa and the national animal of the country. This side includes the year of issue engraved on either side of the Springbok antelope, the name “Krugerrand” above, and the phrase “Fyngoud 1 oz. Fine Gold” below.

If you have any questions about these products, please feel free to reach out to JM Bullion at 800-276-6508. You can also connect with us online using our live chat feature or by submitting your questions via email. If you are interested in similar gold coins, be sure to check out our selection of World Gold Coins.

Brand: South African Mint

Mint: South African Mint

Year: 2016

Condition: Brilliant Uncirculated

Country: South Africa

Weight: 1 Troy Oz

Purity: 91.67% Gold (22 karat)

Diameter: 32.6 mm

Thickness: 2.84 mm

Picture is an example only. Actual item is subject to change, but will always correlate with title and description.

Lowest Price: $1403.62

Condition: New

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