What are Krugerrands?

The Krugerrand is a South African coin created to help market South African gold. It was first minted in 1967, which is the same year that Paul Kruger, the former President of the Republic of South Africa, passed away.

What are Krugerrands used for?

Krugerrands are gold coins minted by the Republic of South Africa in 1967 with the goal of promoting gold to international markets. They’re also one of the most popular investment items on today’s market.

 Krugerrands

Krugerrands are gold bullion coins of South Africa, originally produced in 1967 and have become extremely popular with investors. There have been over 50 million produced and they can be found at current prices in fair quantities. They are made up of only 91.67% pure gold but contain one full ounce of it.

List of Stores/Shops and Goldsmiths Selling Krugerrands in Namibia

Cash Crusaders

NamibGold Bulk Gold Trader

American Swiss

Namib Jewellers

Sterns

Herrle & Herma Jewellers

Bock A Jewellers

Are Krugerrands a good investment?

Investing in gold or silver coins like Krugerrands can be an excellent investment because they commonly feature a secure underlying value that has increased in value for thousands of years.

Why are Krugerrands so popular?

Krugerrand became so popular worldwide that other nations eventually launched their own 1-ounce gold coins. The Canadian Gold Maple Leaf, Australian Nugget, Chinese Gold Panda, American Gold Eagle and British Britannia coins are just a few examples of these new coins. In general gold coins have a common advantage over bullion bars and jewellery.