At Cheshire Gold Xchange we have been a specialist gold coin buyer for over 15 years. Our industry knowledge and expertise enables us to evaluate and appraise your gold Krugerrands quickly and provide you with a market leading purchase price.
If you’re comparing types of gold, bullion coins and bars are typically priced in relation to recognised market levels, while jewellery is usually valued by carat and weight (after non-gold parts). Note that physical bullion trades at a premium over spot to cover casting, distribution and dealer costs, bullion is not sold at spot price. Written quotes can make comparisons straightforward. When it comes to selling gold jewellery it is often a more difficult task compared to selling gold bullion.
Krugerrands are widely traded coins that contain exactly one troy ounce of fine gold in the 1oz size, so they’re usually simple to sell; quotes reflect current market levels and the coin’s condition.
First minted in 1967 by Rand Refinery and the South African Mint, the Krugerrand is widely regarded as the first modern bullion coin produced to promote private ownership of gold and quickly became popular worldwide. This enabled everyday people to be able to invest in gold with ease. The Krugerrand quickly became one of the most popular gold coins to invest in worldwide.
The gold coin is adorned with the portrait of Paul Kruger, State President of the South African Republic (Transvaal). The reverse of the coin features an iconic South African animal the Springbok antelope. Available in various coin weights including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. The most common weight seen in the UK is the 1oz Krugerrand.
In order to improve durability the coin is composed of 91.67% gold and 8.33% copper, resulting in a 22 carat purity. The 1 oz coin contains 1 troy ounce (31.1035 g) of fine gold with a typical gross weight of about 33.93 g. The introduction of copper at 22 carat makes the coin more scratch and damage resistant, the durability of the Krugerrand has played a crucial role in the coins popularity. The copper content at 8.33% gives the coin a unique hue.
For those looking for the best place to sell gold Krugerrand coins, there are a few options including direct sales to coin collectors, selling your coins privately via online listings/marketplaces, consignments to auction houses, or choosing to sell to a specialist gold buyer or scrap gold buyer. Each option has its own pros and cons, but we feel the most important factors to consider are security and price when selling your coins.
Choosing to sell to a reputable bullion dealer or specialist gold buyer like ourselves comes with many advantages. We can offer a safe and secure environment for you to sell your gold coins. We would always recommend selling securely via insured courier to an online gold buyer or visit a bricks-and-mortar store. Online marketplaces can work but require extra vigilance; it is easy to become victim of scams when selling high value bullion online via marketplaces and listing websites.
At Cheshire Gold Xchange we purchase Krugerrands regularly so we can pay very competitive rates on these coins. We test coins professionally and provide itemised written quotes; if you accept, we arrange prompt payment. There’s no obligation to proceed. You should always compare written quotes from more than one reputable buyer.
Gold Krugerrands are globally recognised and straightforward to resell. These coins are hard-wearing, and hold their value in gold. The gold Krugerrand is demanded globally, so if the time should come where you wish to liquidate your coins it is quick and easy to do with the right gold buyer. At Cheshire Gold Xchange we can ensure a fair, accurate, and rewarding selling experience.
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