Sell Gold Krugerrand | How and Where to Sell Gold Krugerrand

Learn how to sell gold Krugerrands and where to sell gold Krugerrands for the best gold krugerrand prices.

History

First minted on July 3, 1967, the South African Krugerrand is a gold coin that offers an easy entry for investors to the South African gold bullion market. It was produced by the South African Mind and Rand Refinery. The coin is a combination of the South African unit of currency “rand” and the South African Republic’s former president Paul Kruger.

The Krugerrand is made of an alloy of copper and gold (22-karats) which makes it stronger than that of pure gold since pure gold is soft. It quickly became popular with gold investors that by the end of the 1970s, the term Krugerrands was synonymous with the term gold coins. The Krugerrand also accounted for the majority of the gold coin market by 1980, taking a 90% share. Later that year, three smaller coin denomination weights were introduced, the half-troy ounce, quarter ounce, and tenth-ounce gold.

However, due to the apartheid, South Africa faced a lot of economic sanctions. And one of such sanctions made the Krugerrand illegal in many Western countries between the 1970s and 1980s. In 1985, the United States, which is the largest market for coins, banned the importation of Krugerrands. When the apartheid ended in 1991, most of the economic sanctions against South Africa were lifted.

Design

Otto Schultz designed the obverse side of the Krugerrand. It is a profile of the former South African president Paul Kruger with the words “SUID-AFRIKA·SOUTH AFRICA” on top of the coin.

While Coert Steynberg designed the reverse side of the coin, the reverse side shows South Africa’s national animal, the springbok. The words “KRUGERRAND,” the year minted, and the gold weight in ounces are found on the reverse side as well.

Sell Gold Krugerrands

Gold coins are always a good investment, and one way to cash in on that investment is to sell. Gold is a commodity traded all over the world, and gold in its every form is accepted by all gold buyers worldwide. Sell your gold Krugerrands today and get the best deal possible! 

How to Sell Gold Krugerrands

So you have a gold Krugerrand to sell and are wondering how to sell my gold Krugerrand coins? Selling gold Krugerrands is fairly easy. Gold buyers are found in most major cities in the world. Sure, you can find gold Krugerrand buyers online, but it is more convenient to sell them to your local coin dealer as they can evaluate your coin in person. As to where to sell gold Krugerrands? The next section may be able to answer your question. 

Where to Sell Gold Krugerrands

You don’t need to look any further when it comes to where to sell your gold Krugerrands. Nevada Coin Mart is the best place to sell your gold Krugerrands. You can also get an quote online for absolutely free click here.

Gold Krugerrand Price

When it comes to the price of gold Krugerrands, there are many factors to consider when evaluating the value of your gold Krugerrand. But here are the four major factors to consider:

  • The spot price of gold
  • Condition of coin
  • Year minted
  • Mintmark

It is important to put in mind that the spot price of gold changes daily, as with other commodities that are being traded. To get the best gold deals, it is advisable to sell when the price of gold is high. To monitor the price of gold, click here https://www.kitco.com/charts/livegold.html.

The price of gold Krugerrands does not only rely on the spot price of gold. As stated on the factors, the coin’s condition also plays a huge part. Coins that are mint condition are valued higher than slightly damaged coins. If it is heavily damaged, its price may be much lower.

Mint marks and the year your gold Krugerrands are minted also play a large role, as some coins are considered rare when they are minted on a certain year or have a particular mark that other coins don’t have.

Who Buys Gold Krugerrands

Do you have South African Gold Krugerrand coins and want them out of your hands? We’ll be happy to take them from you and even pay you for them! Here at Nevada Coin Mart, we are the #1 buyer of Gold Krugerrand coins in Las Vegas and Henderson, even in the entire Nevada state! 

We offer free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Niton X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items. 

We are open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.

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