New Coin Releases | And More | Page 2

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$5 Indian Half Eagle Gold Coin VF+ – Random Year

$5 Indian Half Eagle Gold Coin VF+ – Random Year

The Doc’s Satisfaction Guarantee

The Doc believes in doing business the old-fashioned way. We provide every customer with a refund, return and/or exchange policy on everything we sell including all bullion and ammunition. If for any reason you have an issue with your order, please give us a call. We will always do our best to accommodate you!

Published at Fri, 16 Feb 2018 19:33:19 +0000

Metal Detecting – How to clean coins

Metal Detecting – How to clean coins

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We show you how we clean our coins and other objects.
You may think differend about this, but we like this method.

New pickups 2/17

Had a productive trip to the flea market…​

New pickups 2/17

Gold Registers 3.1% Weekly Gain; New Platinum Eagles at 20K

Precious metals futures finished mostly higher Friday. Gold scored its fourth win in five sessions, padding its weekly gain — its first in three weeks.

Gold for April delivery edged up 90 cents,…

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ANA: January is National Hobby Month

Did you know that January is National Hobby Month? After reading that, you are now saying, “But Scott, it’s February!” Yes, but I did not know that January is National Hobby Month until I received a letter in the mail from the American Numismatic Association informing me of this fact. The ANA, like other non-profit […]

Happy New Year – it’s the Lunar Year of the Dog!

Happy Chinese New Year! This year, we celebrate the Lunar Year of the Dog, an animal widely regarded as faithful and loyal. The dog follows on from last year’s Year of the Rooster and is the eleventh animal in the 12-year Chinese Zodiac cycle. Designer of The Royal Mint’s Shēngxiào UK Lunar Coin collection and print-maker Wuon-Gean Ho says she is … Read more…

Help! Where do I begin?

Hello all,
I need some input. I’ve been…

Help! Where do I begin?

It’s the Chinese New Year and the guide to all the lunar coins has been updated again

It’s the Chinese New Year and the guide to all the lunar coins has been updated again Today is Chinese New Years and for the next twelve months or so (the date is a little more flexible than the Western one), it’s the year of the Brown Earth […]

The Krugerrand Coin Family

The term Krugerrand refers to a series of South African bullion coins made of gold, silver, and platinum. Its great fame and recognition all over the world is primarily due to the gold coins that have been minted since 1967. Krugerrand silver coins and platinum coins were minted in 2017 for the very first time and aren’t noticed very much so far.

For thousands of years, owning gold has been much more than a passion. Owning physical gold means personal financial security and independence in uncertain times. The Krugerrand gold coins fulfill the human desire for independence, which is what made the coin so successful. Another reason Krugerrand coins were widespread like no other bullion coins was the low surcharge to the gold price of only 5 percent, which is an important factor for investors of gold.

The History of Krugerrand Gold Coins

Most people interested in coins and gold know that the Krugerrand has been minted in South Africa since 1967. To be exact, Rand Refinery is the company behind those bullion coins and is based in Germiston, a town close to Johannesburg. Although South Africa is pretty safe nowadays, security is still an issue. All the gold—and Rand Refinery used and uses a lot of gold—is airlifted into the company’s highly secured facility. An interesting fact is that Rand Refinery has processed approximately 30% of all gold ever mined since they opened their doors in 1920. The Krugerrand gold coins are certainly the refinery’s most popular product, as the coins are minted for the public while most of the company’s other activities serve the government or the industry.

Although the Krugerrand has been around since 1967, its real history begins much earlier. The German designer, Otto Schulz, created a coin called “1 Pond” displaying Paul Kruger on the coin’s obverse. Mr. Paul Kruger was the President of the South African Republic between 1882 and 1902. He was very well respected as an environmentalist, founding Sabi Nature & Wildlife Reserve, which was later renamed Kruger National Park to honor his great commitment to his country.   

The 1 pond coin has exactly the same dimensions and gold content as the British sovereign (7.988 grams and 22 karat gold). The coin featured the bust of Paul Kruger and the Transvaal coat of arms. This coin was minted only for a short period between 1892 and 1900, but its great importance to the Krugerrand bullion coin is undeniable. It was a logical decision to display Paul Kruger on modern Krugerrand gold coins as well because Kruger stands like nobody else for the freedom and independence of South Africa. He was fighting with all his power to prevent his country from getting overtaken by the British Empire. The tremendous interest in occupying South Africa, which was part of the Boer states, was undoubtedly also driven by the fact that one of the biggest known gold fields, called the Witwatersrand, was discovered in 1886. The overwhelming power of the British army forced Paul Kruger to beg for help in the Netherlands and Germany, but neither the Dutch monarchy nor the German Emperor was willing to interfere with the conflict. Heartbroken, Kruger decided not to return to South Africa because he could not see his country ruled by the British Crown. He died in 1904 in Switzerland, where he found exile.

Most Krugerrand coin buyers know some facts about Paul Kruger, but many people don’t know much about his exciting life. Most buyers also don’t know much about this unusual coin itself. For instance, the Krugerrand gold coin is the only successful bullion coin made of 91.67% pure gold and not made of .999 fine gold. Actually, for many gold investors, buying coins not made of .999 pure gold is a “no-go,” but this buying criterion excludes the Krugerrand coins. This can probably be explained by the fact that this gold coin is easy to trade all over the world. Every coin dealer—from Hong Kong to New York—knows about the coin’s specifications, which makes it easy to turn the gold coin back into money.

Types of Krugerrand Gold Coins

Of course the most common coin sizes are still 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce, but due to the high demand and the increased gold price, Krugerrand gold coins are also available as 1/50 ounce, 1/20 ounce, 5 ounce, and 50 ounce versions. Rand Refinery tries to fulfill the demands of both real gold investors seeking heavy coins and private people looking for smaller, more affordable coins.

The Whole Gold Coin Family

Size

Diameter

Gross Weight

Gold Content

50 oz

100.00 mm

1,696.50 grams

1,555.15 grams

5 oz

50.00 mm

169.65 grams

155.51 grams

1 oz

32.77 mm

33.93 grams

31.10 grams

1/2 oz

27.07 mm

16.96 grams

15.55 grams

1/4 oz

22.06 mm

8.48 grams

7.77 grams

1/10 oz

16.50 mm

3.39 grams

3.11 grams

1/20 oz

12.00 mm

1.69 grams

1.55 grams

1/50 oz

8.00 mm

0.67 grams

0.62 grams

The value of Krugerrand coins is inevitably connected to the current gold price, which is why we can’t display the current price, as it changes constantly. Click here to check the Krugerrand value (third-party website providing live quotes).

A Common Question: Why Is the Color So Different?

A common question related to Krugerrand gold coins is the question about the color. Some first-time Krugerrand buyers might even be concerned and believe they bought a fake coin when they compare the Krugerrand with other gold bullion coins. But the color is nothing to worry about because the coin is made of 91.67% gold and 8.33% copper. The copper makes the coin appear different when compared with gold coins made of .999 pure gold.

The Gold-Copper Compound Makes the Krugerrand Look Special

More Krugerrand Coins: Silver & Platinum

Since 2017, Krugerrand coins have also been available in silver and platinum—both as 1 ounce coins. The decision to mint Krugerrand coins also in silver and platinum was probably based on the fact that most bullion coin manufacturers provide at least a silver version in addition to gold coins.