Krugerrand Gold Coins – Five Advantages Of Buying Gold Krugerrands Compared To Similar Bullion Coins
Krugerrand gold coins are the oldest among all modern gold bullion coins. Released in 1967 through the South African government, its popularity became so good that it lead to the mintage of various other well-known gold bullion coins including the Canadian Gold Maple Leaf and the American Gold Eagle.
I covered the Krugerrand’s basic history and information in my previous article entitled, Krugerrand Gold Coins – The First Contemporary Gold Bullion Coins. I also covered some interesting facts and trivia about the coin in a follow-up article, entitled, Krugerrand Gold Coins – 10 Fun Facts.
In this article, I’d like to talk about the advantages of buying Gold Krugerrand coins versus other modern gold bullion coins.
1. High Durability
The 22k Krugerrand contains a gold alloy combination of 91.67% gold and 8.33% copper. The inclusion of copper makes them more durable than other 24k modern gold bullion coins. The coin is highly resistant to scratches, dents, and nicks!
2. Low Price
The Krugerrand generally has the lowest premium over the spot price of gold. At the time this article was written, the coin was trading at $9.00 over spot compared with $16.00 for the Canadian gold maple leaf, $34.00 over spot for the American Gold Eagle, and $50.00 over spot for the gold Buffalo!
3. Instant Liquidity
Because the Krugerrand gold coin isso well-known, it is super easy to buy and sell them both locally and internationally.
4. Easy To Store
Like most gold bullion coins, the compact size of the Krugerrand makes it convenient to store and transport. Most Krugerrands are packed in three inch plastic tubes that fit nicely inside home safes or safety deposit boxes in banks.
5. Better Than Bars
While it’s true that the premium on gold bars is generally lower than that of gold coins, unlike Krugerrand gold coins, it’s a pain to store and transport them. Plus, most gold bars must be assayed when sold, an additional cost that you don’t have to worry about when selling the Krugerrand!
Whether you are just starting to purchase gold bullion coins or are looking to add to your collection, I think you’ll agree that the gold Krugerrand is not only a great deal but a high-quality bullion coin that should be the cornerstone of any investor’s portfolio. In my next article, I’m going to take a look at how to buy Krugerrand gold coins without getting ripped off!
About the Author
Looking for great deals on Gold Krugerrand coins? Go to: ==> http://BullionBargains.us
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