The Krugerrand 50-year success story: One ounce of South African fine gold is the number 1 investment coin in Germany

60 million bullion Krugerrand coins sold - Highest market share in Germany and worldwide - Jointly manufactured by Rand Refinery and the South African Mint - Legal tender in South ...

Johannesburg, South Africa, March 6, 2017 - The Krugerrand is the world´s most popular investment coin, an integral element in the investment sector since the coin´s inception. On 3rd July 1967, South African Mint, the State minting institution in Pretoria minted the first Krugerrand, the world´s most traded gold coin. Commissioned by the South African State, the Rand Refinery near Johannesburg and the South African Mint have been producing Krugerrands for 50 years. Rand Refinery procures the gold and manufactures the blanks, the South African Mint strikes the coins, and Rand Refinery markets and sells the bullion Krugerrand"s globally.

In 1967, hardly anyone could have foreseen this incredible success story: more than 60 million coins were sold in just 5 decades. This amount nearly double the amount sold by its closest competitor. The Krugerrand was the first investment coin on sale in Germany, and worldwide.

Gold has always been considered a stable currency by many investors in times perceived as uncertain, including the Krugerrand, with a precious metal content of one ounce of fine gold, or 31.1 grammes. The Krugerrand´s total weight of 33.9 grammes results from the addition of copper, rendering the surface resistant to scratches, and making it more practical for trading purposes. The world´s favourite investment has lost none of its lustre and attractiveness in its 50th anniversary year. On the contrary, the Rand Refinery and the South African Mint jointly produce 1 million coins yearly, continuing to rise, of which the German-speaking countries purchase half of the ounce coins. Amongst all bullion coins traded in Germany, Switzerland and Austria, Krugerrand has a substantial market share.

The "Mother of all Gold Coins" depicts on the front side Paul Kruger, a former President of the South African Republic (1825-1904) with the country of origin Suid-Afrika/South Africa written in two notations. Kruger´s paternal ancestors were German immigrants, and this side of the coin is based on a German model, the design originally from the Imperial Mint in Berlin. The Springbok antelope, South Africa"s national animal, adorns the back of the coin with the year of minting. The coin´s namesake is linked to the Rand, South Africa´s legal currency since 1961.

Since 1967, the Krugerrand has been South African legal tender, serving mostly as a tax-free investment, its price oriented on the global market price for gold, fixed anew on a daily basis.

Various campaigns are being planned for the coin´s golden 50th birthday. 50 Krugerrand coins weighing 50 ounces - around 1.5 kilogrammes - are distributed through leading collectible coin dealers worldwide. Also, a gold jubilee edition issue of 100,000 pieces will be available. Limited editions of the 2017 Krugerrand will be on sale in silver and platinum - a first in its 50-year history.


Firmenkontakt
Rand Refinery
Richard Collocott
Refinery Road 1
1400 Germiston
+ 27 (0)11 418 9000
+ 27 (0)11 418 9231
gold@gold.co.za
www.randrefinery.com


Pressekontakt
fr financial relations gmbh
Jörn Gleisner
Louisenstraße 97
61348 Bad Homburg
+49 61 72 / 27 15 9 - 0
+49 61 72 / 27 15 9 - 69
j.gleisner@financial-relations.de
www.financial-relations.de


Contact Details

Company Name: fr financial relations gmbh
Issued By: Jörn Gleisner
Phone: +49 61 72 / 27 15 9 - 0
Address: Louisenstraße 97
City: Bad Homburg
State: Hessen
Zip: 61348
Country: Germany
Website: Visit the website

Keywords : gold, silber, münzen, vermögensanlage, südafrika,

by Jörn Gleisner (few months ago!)

Latest Press Releases

Global Food Additives Market - Global Industry Insights ,Industry Forecast till 2025

Automotive Friction Brake System Market Trends and Global Forecast to 2022

Wearing a Justin Bieber Necklace is a Truth Now for Customers of Bieber-Clothing.Com

Security Paper Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, ..

Software Defined Everything Market Analysis, Segments, Key Players, Drivers, Trends by Foreca..

Robert Miller Recognizes Future Electronics Team for Global Agreement with CAEN RFID

Electronic Medical Records Market Size To Reach Close To US$ 40 Billion upto 2024

Could Frequent Self-Pleasuring Improve Overall Health?

CC Wholesale Clothing is the best store for close out clothing online

Smyrna Locksmiths

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.