South Africa had several points to prove to the world in 1967. One of its was the marketability of their gold. In order to show the world they were being undervalued, South Africa minted their first gold krugerrand. Despite the fact that it is a legal currency in the country, it is not usually used for this purpose. With time and with its growing popularity, the krugerrand has now become a collector’ item and several people worldwide try and acquire some. These krugerrands are also known as medal coins in the collector’s domain. This is the first country internationally that comes at current gold prices and not a rate that has been fixed earlier. It made its debut as 22-carat coins and then moved on to be minted in several denominations.

Many people have been investing in Krugerrands for a sense of financial security. This is especially for the long term. If you are amongst those, then there are a few points you will need to keep in mind. One fact is that krugerrands are only minted in 22-carat and not 24-carat. This is simply because gold in its purest form is extremely soft. Also, never compare its rate to lower denominations like 18-carat or 14 or 12. If you have ever been sold 24-carat krugerrands, you can be sure the coin has been cut with another metal and you have not got your money’s worth.

If you are looking to enhance your collection, then one place you should be looking at are estate sales. The price of the krugerrands will depend on the prevalent rate in the market on that day. If you get a good price it means that you will be able to sell it for the same price on a later date. That is how it works with these coins. The only possible drawback to this could be that on the day you need to sell them, the rate of gold may be lower than when you made your purchase. This could mean a small loss. This is a small risk you will have to take.

Internationally, coins of the likes of the Canadian Gold Maple Leaf and the Australian Nugget as well as the Mexican Gold Peso and US Golden Eagle have been popular for those interested in collecting and investing. But the fact that they are not as easily available as the Krugerrand, they are susceptible to counterfeiting. Therefore you need to have an expert take a look at it before you make your purchase.

If you want to get started in the world of krugerrands gold, Welcome to Physical Gold Ltd - offers the exclusive chance to buy Gold krugerrand coins as part of a pension. We also offer to sell krugerrands savings scheme with limited resources.

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