Where To Find Gold Krugerrands For Sale?

Gold Krugerrands For Sale

Krugerrand gold bullion coins are one of the most popular choices for a lot of gold investors. These were introduced to the world gold bullion mass market in 1967 and ever since then Gold Krugerrands are one of the highly sought after bullion options for many reasons. At some point at the end of the 1980’s Gold Krugerrands sales accounted for the lion’s share (90%) of the global gold bullion investment market.

There are a lot of advantages of finding gold Kugerrands for sale, namely, high liquidity of these coins makes purchase and sale a breeze, low Krugerrand gold coins price compared to other popular choices on the market and, finally, exceptional quality and value of Krugerrands gold coins. Lower dealer mark ups additionally contribute to lower prices on Krugerrands.

If you have never shopped for Gold Krugerrands before, take your time to get familiar with coins’ specifications. Gold Krugerrands are minted from high quality South African gold of 22 karat purity. The obverse of the coin is embellished by a profile portrait of the former President of the old South African Republic. The reverse bears an image of the National Symbol of South Africa, Springbok, a beautiful and graceful antelope. Gold Krugerrands are sold in four convenient sizes ranging from 1/10 of an ounce to a full ounce of pure gold, the most popular size to own. Not only does 1 oz size offer a high liquidity investment option, it’s also one of the most cost effective when it comes to paying dealer premiums since dealers charge more for fractional sizes. For example, as of Jan 18th, 2014, while random year 1 oz Gold Kruggerand coins were sold for a price as low as $44.99 a piece over the spot price of metal, ½ oz fractional Krugerrands were available for over $108 per coin over spot. As a result investors acquiring fractional size Krugerrands will be paying more than double of the premium charges.

Due to popularity of South African Krugerrands, a lot of gold dealers are constantly carrying ample quantities of these bullion coins in stock. So finding gold Krugerrands at your local coin shop should be very easy. However, the best deals are usually found online due to competitive pricing strategies of online dealers. Gold Krugerrands could be purchased from the following reputable online dealers like Blanchard Online, Monex, APMEX, CMI Gold and Silver and many other popular dealers.

However, another great place to find these coins for sale is among a variety of eBay gold coins. Consider buying only from well established eBay sellers that have a large record of positive feedbacks left by satisfied customers. eBay offers amazing buying opportunities and some savvy gold investors report their ability to find Krugerrands under the spot price of gold, and that’s pretty impressive. Avoid auctions with price reserve built into them, since most of them will not allow you to end up with a good price. Stick to no reserve auctions and remember to remain cool even when bidding gets crazy. Really experienced EBayers recommend you setting a maximum auction bid and sticking with it. Bidding within the last 10 seconds of the auction increases your chances of becoming the last highest bidder and winning an auction at a great price point.

Again, it’s important to check the spot price of precious metals regularly and compare various online dealers to find the best deals on Krugerrands for sale.