What makes the South African Krugerrand so popular?

Gold has preserved its value as is evident from history and has provided insurance against unexpected market variations and other economic crises.

The South African Krugerrand is one of the world´s most popular one-ounce gold coins. It is a high-quality gold bullion coin that is avidly traded throughout the world. Krugerrands remain one of the most successful of all modern bullion issues.

History

The Krugerrand is by far the most famous ounce gold coin. The first Krugerrand was minted in 1967 and since then the South African coin has remained a favorite choice for investors.
South Africa´s iconic bullion coin is the cornerstone of the private ownership of gold and it transformed the industry.
Krugerrand became so popular worldwide it inspired other nations to mint their own 1-ounce  gold coins, such as The Canadian Gold Maple Leaf, Australian Nugget, Chinese Gold Panda, American Gold Eagle, and British Britannia coins.
One of the Krugerrands important asset is its history and popularity. It is the most traded and collected bullion coin in the world. If you are interested in investing in gold, then South African´s Krugerrand is the safe and right way to go!

In general gold coins have a common advantage over bullion bars and jewelry. For starters, they are issued by governments which makes them recognizable all over the world. This means you can sell your 1oz coins almost everywhere in the world without problems verifying authenticity.

Legal tender value

The South African coins have been legal tender since they were minted. Krugerrands don’t have any monetary face value, which means their legal tender is valued at the market price of gold. So you are legally within your rights to exchange a Krugerrand coin for the cash value equivalent to 1 ounce of gold.

Cost

Krugerrand has a slight advantage over the other 1-ounce bullion coins because they provide slightly lower prices than the American Gold Eagle and Canadian Gold Maple Leaf. 1-ounce bullion coins are generally the most cost-effective gold investment and slightly lower prices give the Krugerrand the added advantage over other coins.

Durability

Krugerrand consists 22-carat alloy of over 90% gold and small amounts of silver and copper. This blend gives the Krugerrand it’s signature golden-orange glow and also makes it more durable because pure gold is quite soft and easily damaged.
22 carat Krugerrand coin has a stronger compound than other bullion coins and it is not easily damaged.

Benefits

Krugerrands have only a small premium over the value of their gold content.
The gold content is guaranteed
Krugerrands are strong and durable
Lower cost of investment
Easy to sell
Popular design
Easy to store and transport