Is The 1 oz Gold Krugerrand A Good Investment?
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- Thanks for watching, looking forwards to chatting in the comments.
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I bought my one and only 1oz
Krugerrand for $279 back in 2001 and sold it for $400 a year or so later.
I've been kicking at myself ever since.
I bet, profit is profit though I guess you can't be too hard on yourself. All the best for 2023
Grew up in age of 70-80's narco movies and Krugs were the gold of choice.
A little later but one of the Lethal Weapon movies. Also there was a Bond movie with the Sovereigns wasn't there
Thank you for your video. Regarding 9:52, the Gold Krugerrand's 22 karat gold composition is known as "Crown Gold" which is 91.67% gold + 8.33% copper. Crown Gold was introduced by King Henry VIII in 1526 and still used in the minting of British Gold Sovereign coins. The traditional use of Crown Gold is the reason why British Gold Sovereigns & Gold Krugerrands have a rose gold alloy color. On the other hand, the American Gold Eagle coins are also 22 karats but their composition consists of 91.67% gold + 5.33% copper + 3% silver. The inclusion of 3% silver results in a more golden hue as compared to the rose gold hue in Krugerrands & sovereigns.
Thanks for that, interesting to see the differences
Krugerrands always weigh more (33+ grams), they always give you the true gold value per ounce. (28 grams) this is very unique.
I like the Kruggerand. Lots of people all over the world like them. In the US stacking gold is a very new phenomenon. Most people in the US have never seen a gold bullion coin so they would not be able to relate to kruggerands. This will change in the future.
I think if you asked people on the street in the UK many would have heard of a Sovereign or perhaps Krugerrand but would likely not know the first thing about value or weight etc
Years ago lots of USA citizens were aware of and buying gold coins.
@@Eli-qr9hcthey have us where they want us now.
I buy only Kruger rands. Never had a problem selling them and they store very well.
Fantastic. Can't go far wrong with them. What country are you based?
@@SovereignSaurus South Africa
@@vdm568 Yes Krugs should be right at home there!
I have Kruger rand 10z where can i sell t please..help
@@eliothbikaba5223just google buy or sell gold. There are many companies but you would probably get the best price on Bob Shop private selling.
I'm intrigued by that early crown on the left. I had a relatively rare 1971 Krugerrand that I bought for CDN$300 and sold for CDN$1300. Krugerrands were out of favour at the time so I wasn't sad to see it go. As I began to change my mind, I purchased 2 flawless Krugs, a 1975 and 1979 for CDN$2400 and CDN$2100 respectively, the latter being proof-like. That will be it for Krugerrands, which now are valued at CDN$3191.
I do like Krugs. The crowns must have been a big chunk of change back in the day
Krugerrand is a really cool coin, love it
Yes a classic for sure
The Krugerrand has grown on me , especially in perfect condition. Checking my LCS wed site last week and spotted the gold Pond for sale and thought it was interesting as i have not seen one before . Went to buy it only to find it had sold . Contacted the dealer to see if he had more . He said the coin was only on the site for approx 4.5 minutes before it was snapped up and unlikely to get more in near future .
I've seen a few trade in the UK but often go quickly with a sizeable premium in nice condition. I'd probably pick one up out of interest if I were in the right place at the right time
Haven’t got one but I’ve got a few silver ones( quite nice and not milky 👌) “uncle Paul” kind of reminds me of the old head sovereigns! They were kicking around at the same period!!!
Yeah I can see that... Whilst it's not exactly a resemblance it's kind of similar
Been an Ozzy. I've started stacking mainly gold kangaroo's and EMUs. I have one of all the others apart from the Philharmonia
Cool. You've got some great options from the Perth Mint, would you have to pay GST on a Krugerrand like sovereigns?
Krugrrands have grown on me. Awesome way to stack in weight.
Yes me too I'm not sure why but I'd be happy with a handful of those
SS, I'm a new stacker and using it to diversify my investments as a younger man.
Ive bought a 1oz minty kruger, with a 1% premium. So I'm thinking the coin is in decent condition like you've talked about, and has a low premium like you've mentioned. I now know its not CGT exempt which is a downside. But why would I choose a sovereign or Britannia with say, 2.5 or 3 percent premium on it over a 0.7/1 premium kruger, really? Sorry if you've answered this a lot but i really appreciate the knowledge. Thank you and keep up the videos mate. I can see, best value sovereigns are cheap on premium but still dont come close to kruger.
Hi thanks for the question.
The main hang up on Krugerrand like you say is it not having CGT free status in the UK. With the rapidly decreasing tax free allowances people would rather a Britannia or Sovereign and in many cases the small % premium people feel justified in paying.
I've got some more ideas on this which I'm going to make into a video like for example if there are future rule changes a lot of what it's but.... what if gold coins lose their CGT free status? What if rules change for non pure gold like 22ct and below gold coins like Australia and Canada?
If you know gold you know the Krugerrand. You can only be first once. I wonder will they make a .999 or a .9999 gold Kurgerrand? I really like these coins. Thank you for the shout out. Enjoyed the video.
SA Mint has release a 9999 bullion priced gold coin in 22; with the big five series. The first of which being the stunning elephant. From the proof series I don't like any of the other four designs though, sadly. And one imagines that the proof design will continue to inform the bullion designs.(just flipped 180 degrees).
I think I prefer the Krug itself staying a durable coin. The Australian government just needs to be convinced to allow Krugs, sovs and Eagles as tax free status low premium money.
@@dleetr Yes they are bullion coins after all.
@@dleetr I'll take a look at it. thank you.
I've seen a few other coins like dleetr mentions although haven't seen them in the flesh
My next ounce will be either a krug or a buffalo, there is something about Krugerrands and the colour that i just love.
I want a Gold Krugerrand, but I did order a Silver one, I want more Silver!
They are stunning in gold. I think a great option for 1 Oz.
I will buy some of these Krugerrands and some Canadian gold maple leaf both one ounce soon.
Fantastic 👍🏼
I've got a South Africa, Krugerrand, 1976, 1.0 oz Gold coin. Perfect condition. What sort of price would I get for that? £1,500? And where should I sell it for the best price?
You should be able to get around spot price from most dealers. Try here or search for Atkinson's Bullion and go to their 'Sell to us' page.
atkinsonsbullion.com/sell-to-us/gold/gold-coins/1oz-gold-coins/pre-owned-south-african-krugerrand-1oz-gold-coin-mixed-dates
@@SovereignSaurus Many thanks. Do you think £1,500 is a good price?
@@omabdulgani If current spot is £1600 I wouldn't sell at that.
I have a 1978 coin how do I know it’s real?
How much is it worth today in usd?
Don't sell it bro, they will be worth a small fortune one day. They ain't making more that's for sure
Thanks v much for the run down
No problems thanks for stopping by
Over $10K sitting there in those 4 coins now. I just got a Krugerrand myself.
'Just' a Krugerrand 😏 Theres no just or 'only' needed well done 👍🏼
This talk of sizes based off of the Troy ounce, rather than the traditional and varied weights which national gold coins came in. Was it the South African Krug which founded the one Troy ounce half, quarter and tenth standard. I can look it up I suppose. But I'll put the question here anyway. If so it makes the Krug even more important to the history of the stacking world.
Yes it's an iconic coin I agree
Love that dragon coin!! very cool..
Thanks I've got a couple of friends for it which will be on a video soon 👍🏼
I knew a guy who didn´t know anything about gold, he bought some krugerrands & suddenly the price just went north like a rocket. He said it felt unreal.
Tell him to buy some more and do it again 😁
I had to laugh, 1967 is my birth year!!! After you mentioned the period after the war, I now realize that I’m no spring chicken anymore 🎉🎉🎉🎉HNY. J
Haha 22 years after. All the best for 2023 mate
You lose a lot of potential buyers if you buy 22k coins. Jewelers etc here just buy 24k gold. I don’t want to lose this opportunity. I hope that I never have to sell my gold stack but in case I have to… Happy New Year! 🍀
That's a good point. there seems to be no shortage of 22ct buyers in the UK but got to consider your exit strategy like you say
@@SovereignSaurus I forgot to use the English „ct“. 😆
Here in Germany the Krügerrand is very popular. Number 1 coin. second Place is Maple Leaf. But Krügerrand is absolute best known.
In newspaper is the Krügerrand price written in when you check financial page.
@@Lwedg You’re talking about a completely different thing. Buying a coin and selling a coin are different things. Jewelers don’t buy Krugerrands. Therefor e a Krugerrand can never be as liquid as 24ct coins. You lose hundreds of potential buyers. Also the Krugerrand is not the #1 coin in Germany, bullion maybe. The most liquid coin is the 20 Marks coin with a mintage of more than 120 million. The sales statistics published in newspapers and magazines are misleading. They include the 90% of the bullion bought by big investors, funds, banks etc. These statistics do never reflect what tiny investors like us are really buying.
@@Lwedg Cool thanks for sharing, very interesting to know
In the UK, Kruggerands are more expensive than Britannias, 22 caret instead of 24, plus it's not exempt from capital gains tax. Plus there's no security features like the modern Britannia (Post 2021), annnnd, who prefers copper hues over yellow ones? Not me in the 1oz size. If you want fractionals, buy Sovereigns.
Interesting, where have you seen Krugerrands more expensive than Brits in the UK? Never known that to be the case
The ping is beautiful.
There's just something about them ,,been stacking them for a while ,Half's and quarter,s ,,moving onto Rand's now ,,but the pounds are well overpriced 🤔
Yes I have seen them trade with significant premiums compared to a Krug
very well informed thanx.
Thanks for stopping by
Les Krugerands en argent que vous montrez sont magnifiques, je suppose que ce sont des "deux onces". Peu-on en trouver dans le commerce actuellement ? Merci.
I am from South Africa, I can help you with a bit more true info.
I need your help help i want to sell my coins I'm from South africa as well
Thanks always welcome some feedback
Would of bought one but in Canada they got a 13% VAT tax
Yeah at least you've plenty of 9999 options like the Maple 👌🏽
UK capital gains tax personal allowance is heading towards zero - so it definitely might be something to consider moving forward.
Yes the allowances haven't really been much of a help for years and unfortunately they're going the wrong way
Lethal Weapon 2
That's it 👌🏽
the father in the book version of The Road finds a stash of krugs too
Hi, i would like to know where you can sell kruger coins with good deal if you have them. .?
Thank you
I don't personally sell as a dealer but try HGM, Atkinson's or BBP perhaps if you're looking online.
Wow very nice coins ❤❤❤🙏
Thanks for watching 👍🏼
It could be argued that good isn’t a good investment full stop.
Yes agreed. I class my gold as part of the long term savings but not really in my investment pot
when it comes to gold i only buy krugerands when it comes to silver i have a variety of bars and coins
Cool. Got to be one of the most widely known bullion coins and also low premium too what's not to like?
@@SovereignSaurus exactly plus hard to fake that color they have
I clicked on this video just to leave a comment..
GOLD IS NOT AN INVESTMENT!! Gold is MOMEY! it's the ONLY place to put excess currency to SAVE! Change your thinking! I'm not watching the video cause of the video description.
Thanks for dropping by. Always interested to hear an opposing view although for me gold is part of my long term savings pot rather than my investment pot like I mention in some of my videos , sounds like we're on the same page 👍🏼
Anyone stacking gold who is worried about the premium on different coins might as well buy 1oz best value gold bars instead.
Maybe in some countries yes. For UK the 'legal tender' coins are CGT exempt currently so would be a sensible choice if price is similar
Not gold related, but could you please tell me what are the silver coins in the video?
There was a mix of South African and British Crowns, some old US dollars and Canadian dollars
Some of them feature in this video
m.th-cam.com/video/KdpGFOn1Jqc/w-d-xo.html&pp=ygUfU292ZXJlaWduIHNhdXJ1cyBkb2xsYXJzIGNyb3ducw%3D%3D
How do I start investing in them? I'm only a student and I want to start now
Essentially put money aside until you have enough to buy. Consider what sort of budget you have and what kind of goals. I'd recommend starting below your means and scaling up over time rather than going big too soon and spreading yourself thin.
I have 2, is now a good time to sell?
It depends... Profit is profit but it depends what your plan is?
I like this coin. No Queen on it, authentic, well recognized.
Yeah a point I didn't really consider but no Queenie is appealing to some. I suppose generally when I'm looking at coins I focus on the reverse most often.
It looks ugly as fk, looks like copper than gold
No gold is bad.
👌🏽
I feel anything with lees gold content is a con
american gold eagles are 22k as well are they a con?
@@dvvaughn564 if I’m buying gold I want gold… if the masses want to fool their selfs into buying lower quality that’s fine
@@teddybear1829 technically if you think about it one oz of gold plus the copper content makes the 22k gold coins have more value in metals.
just because the coin has copper added does not devalue the coin what so ever.
its your personal preference.
Yeah some people don't like the fact that they're not pure. If I'm getting the gold that I'm buying eg 1 Troy Oz in a well recognised coin that I can trade easily in my area, I'm pretty happy
Buffalo is #1
Certainly seems a fan favourite
Gold Krugs, love em...silver krugs no bueno they milk something awefull.
Always wondered a Brit's opinion of a Commonwealth Country leaving her Majesty Queen Elizabeth II completely out of the design.
Interesting point I personally don't care either way who's on the coins I think it's nice for the Krugs to have something different. I've some silver coinage that does have George on from back in the day. I'm sure some have young Liz on there too 🤔
Losing track of all your names 🤣 All the best for the New year my friend
I have a 1978 coin how do I know it’s real?
How much is it worth today in usd?
Around spot price $1957.
You can test the basic weight and dimensions, the biggest thing would be to look very carefully and compare to a known genuine one (or photos of one) You can also test using Sigma verifier or XRF machines if you've access to those
I like krugerrands because it makes me feel like a Bond villain
Haha or Leathal Weapon?
😂Why Bond villain?
I have a 1973 how are much is this worth today?
You should normally be able to get today's spot price so $1957 or so