The worlds most widely held and actively traded gold bullion coin. During the late 1960s and early 70s, when South Africas annual gold mine output averaged 75% of total output in the western world, the promotion of gold was considered vital, following the final collapse of the Gold Standard in 1971. The chosen vehicle to drive the demand was the Krugerrand, which was developed in the 1960s by the Chamber of Mines of South Africa, working closely with the South African Reserve Bank and the South African Mint. The Krugerrand was the worlds first ounce-denominated gold coin. Although they are legal tender, they have never recorded a face value on their obverse or reverse sides. This was done to emphasise that the value of each coin is directly related to the prevailing value of their fine gold content. They were mass produced to enable the "man in the street" to purchase gold easily and with confidence. The first 22 carat gold Krugerrand was minted on 3 July 1967. Since its inception more than 50 million Krugerrands in all sizes have been minted. In 1980 the fractional Krugerrands (½ oz, ¼ oz and 1/10 oz) were added to the 1oz Krugerrand to assist the smaller buyer to buy gold at an affordable price. Unusual for gold coins at the time, the Krugerand could be converted into any currency. The Krugerrand was the first legal tender gold bullion coin to gain worldwide use in the modern era. To this day, many gold owners equate gold ownership with Krugerrand ownership.
Buy Krugerrand Online - Free Insured Delivery in South Africa.
1. Registration
In order to register on MyKrugerRands.com, users must complete their personal particulars on the Sign Up page.
2. Deposit Funds
Subscribers can add funds to their My Wallet account via the EFT or PayPal payment methods. As MyKrugerRands.com trades in South African Rands only, PayPal payments will immediately be transferred and converted accordingly. In line with policies set by the South African Reserve Bank, buyers will be responsible for the conversion costs resulting for such payments.
In order to hasten activation, proof of payment can be forwarded to [email protected]
3. Delivery
Upon a successful purchase, subscribers will be provided with relevant tracking details. The coins will be shipped within 3 working days, with all items fully insured from purchase to final delivery. Please note that coins will be shipped to the registered address unless otherwise advised.
4. Account Balance
Should the subscriber wish to clear their MyWallet account, a payout request can be done at any time.