| Krugerrands are gold coins that were first minted and | | | | can also view the comments previous customers |
| issued in 1967, and have been produced every year | | | | have left for the seller. Beacuse you are buying gold |
| since. They are legal tender in South Africa but | | | | coins I would recommend that you only buy from |
| because of far sighted attitudes from their makers | | | | dealers with 100% feedback, but you have to take |
| they have been imported into many countries | | | | everything into consideration. If a seller has a |
| without import taxes, duty or VAT. This has made | | | | feedback score of less than 100% he still may be a |
| them easily available at good prices over the intrinsic | | | | reputable dealer. Look at the total comments left in |
| value of the gold they are made from, and therefore | | | | the upper right hand corner of the auction page. |
| an attractive proposition for private gold investors. | | | | Krugers are a very attractive proposition for private |
| Originally, only one size was issued, which contained | | | | investors, especially with today’s soaring gold |
| one full troy ounce (31.1035 grams) of fine gold. | | | | price! The Kruger was originally made available to |
| These coins were the original Krugerrand, or Kruger, | | | | world bullion dealers at a 3% premium over the |
| for short. From 1980, three other sizes were | | | | prevailing gold price, so that after distribution costs, |
| introduced, namely a half, quarter, and tenth ounce | | | | the coins would be available to investors in quantity |
| size. Because of these new additions, the original | | | | at about 4% to 5% over intrinsic gold values, and |
| Krugerrand is sometimes referred to as a "full" or | | | | possibly 10% premium for single pieces. This means |
| "one ounce" Kruger. | | | | that you will generally pay a higher price from a |
| One of the best ways to purchase gold coins such | | | | dealer than you will from EBay – and remember |
| as Krugerrands is on Ebay. Their auctions always | | | | you shouldn’t be concerned about the aesthetics |
| prove that point that the value of a coin is only what | | | | of the coin – its value is in the gold it contains, |
| is buyer is willing to pay for it, and on eBay it gets | | | | not how it looks! |
| right down to the real action. Using EBay or sites like | | | | With today’s rapidly rising gold price and |
| it is easy to search for the coins you wish to acquire. | | | | turbulent stock markets, coins such as The |
| Just type whatever you want in the search box, or | | | | Krugerrand are a very safe long term investment for |
| browse using the menus and you will view all the | | | | individuals. For example if you had bought a |
| auctions related to the coin. | | | | Krugerrand on the first of January 2008 it would |
| Of course, its very safe to buy Krugerrands on Ebay | | | | have cost you around $846 – the same coin is |
| as long as you take the proper precautions. There | | | | now worth over $1000 just 6 months later, and |
| are many ways buyers are protected, but the best | | | | predicted to go as high as $1100 by the end of the |
| way to determine if a dealer or individual are | | | | year – that’s a whopping 30% growth for |
| reputable is to look at their feedback score and you | | | | the year. |