Gold Investment is most commonly associated with gold bullion coins, and there are very good reasons for that. The best and most widely circulated coins are 90 to 99.99 percent one ounce gold coins, with the 5 main coins listed in this article. The pioneer bullion coin and best known one is the South African Krugerrand.
For new coin collectors and investors, these coins make a great start to a collection. All these coins are easily transported, stored and can be sold quickly if required. They are accepted in all countries and are all legal forms of currency in their own country.
South African Krugerrand
The Krugerrand is a 22 karat gold coin. This means it is alloyed with another metal, in this case copper, to increase it’s hardness and durability. Copper is a traditional alloy of gold coins used to harden coins, making them hard enough to resist normal scratching and denting - an important feature, as 24 karat coins and bars are more easily damaged and generally require protective packaging.
First minted in 1967, the Krugerrand was the world's first gold bullion coin. It is denominated in ounces of pure gold rather than having a face value. Over the years, more than 54 million gold Krugerrands have been circulated worldwide.
The value of gold Krugerrands (which contain exactly 1 oz., 1/2 oz., 1/4 oz., or 1/10 oz. of pure gold) can easily be determined from the internationally quoted gold price.
Gold Krugerrands are easy to transport and store. Since the Krugerrand is so well recognized, buying and selling them internationally is exceptionally easy.