2000 Gold South Africa Krugerrand Mint
Posted by chris on December 2nd, 2009
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The Krugerrand was introduced in 1967, as a vehicle for private ownership of gold. It was actually intended to circulate as currency. Therefore it was minted in a more durable gold alloy, unlike most other bullion coins.
An ordinary coin has a fixed legal tender value which is stamped on
its face, which is normally greater than the bullion value of its
metal. Earlier gold coins such as the British sovereign had a fixed
face value, which was originally more than, and later could be much
less than the bullion value of the gold content.The Krugerrand has no face value; its legal tender value is the bullion
value of its metal at the current market price of gold. The Krugerrand
was the first bullion coin to have this kind of legal tender value. It
was also the first gold coin to contain precisely one troy ounce of
fine gold.Great hedge or secure investment for savings or maybe even profit. Gold is at 1223 and climbing. Get some before it reaches the estimated $1900 an once by December’s end.
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