Weight: 1 troy ounce
Fineness: .9167 fine gold (22 karat)
Mint: South African Mint
Year of Issue: 2024
Description: The earliest bullion coin on the market, the 1 oz 2024 South African Krugerrand Gold Coin is coin with rich history and great investment potential.
This coin’s reverse features a stotting springbok, the year of issue, 2024, the name of the coin, Krugerrand, and the weight of the gold in English and in Afrikaans.The obverse features a prominent portrayal of the first president of the South African Republic, Paul Kruger, as well as, the name of the country, South Africa, in Afrikaans and English.
These coins have various unique traits, such as containing no face value despite being a government minted coin. This was due to these coins attributing their value to the price of gold at the moment of being bought and sold. These coins are also 22 karat or have a purity of .9167. These coins are comprised of 91.67% gold, 5.33% copper, and 3% silver. Despite not being a pure gold coin, these coins still contain a full troy ounce of gold.
Why Invest: Investing in the 1 oz 2024 South African Krugerrand Gold Coin offers several advantages. Due to this coins history of being the oldest bullion coin on the market and having a design all its own, it is highly recognizable in any market, offering quick liquidity.
The 1 oz South African Krugerrand Gold Coin has stood the test of time as a way to hedge against inflation and a reliable store of value. It is recognized globally as a safe haven asset, sought after by investors during times of economic uncertainty.
Despite being 22k or having a purity of .9167, the 1 oz South African Krugerrand Gold Coin contains 1 troy ounce of gold. The purity of the coin allows for the coin to be quite durable and resistant to scratches, ensuring that the value of the coin does not decrease.
In summary, the 1 oz 2024 South African Krugerrand Gold Coin offers investors a tangible and highly valued asset backed by the long standing reputation of the coin. Its recognizable design and global recognition make it an excellent choice for those seeking to diversify their investment portfolios with a trusted and highly liquid form of gold.