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The majority of scholars believe the bithplace of coin usage was around 650BC in Lydia. The little kingdom of Lydia was in what is now modern day Turkey. Lydia’s King Croesus is thought to be the instigator of coins. These first coins were made of a mixture of silver and gold known as electrum. Nearly all prototype coins had pictures of animals and gargoyles engraved upon their face. Collecting coins has been a financially rewarding pursuit for hundreds of years. Strangely enough, loads of serious bullion coin enthusiasts around the world ask: what exactly are South african gold krugerrands?

Gold krugerrands are one of the best selling gold coins in the world. Since they were released, South African Krugerrands have earned the admiration of  coin investors, enthusiasts and collectors. In fact, they are one of the most successful gold coins ever. No coin set is full without a few South African gold Krugerrands in it.

The Krugerrand was first produced in 1967 in an attempt to encourage South Africans to purchase them as an investment. Many countries followed suit and the South African gold Krugerrand became sought after. For the first 20 years of its existence, the South African Krugerrand dominated the gold coin market. It is still one of the most popular gold coins in the world.

South African gold Krugerrands can be easily be sold. The South African gold Krugerrand was the first gold bullion coin to be made of 22k gold, which was greater than any other coin manufactured up to then. The fact that it also contains an ounce of gold only adds to its allure.

There are an estimated 54 million gold Krugerrands in circulation. The coin is struck in four different weights – one troy ounce, half ounce, quarter troy ounce and the one-tenth ounce bullion coin. The one ounce coin is the most common. South African Krugerrands are one of the world’s most trusted ways for numistatists to procure gold. They are usually listed daily in the business media.

Gold bullion coin investing needs a working knowledge of precious metals. Gold either holds or increases in value, even when the dollar tanks. Gold is a liquid asset which can be easily traded. This is one of the manyreasons why South African gold Krugerrands are so popular. Set in a display, or turned into pieces of jewelry, they are spectacular to behold. Many women love to wear a Krugerrand as a gold pendant.

The portability of South African Krugerranda is another of its most attractive advantages. Lots of numistatists have their South African gold Krugerrands made into attractive  pieces of jewelry. If you want to invest in gold Krugerrand, search the world wide web. The value of a South African gold Krugerrand is not reliant on the global econimic health so if the stock market declines, the value of the South African Krugerrand should not drop. Yet another reason why the South African gold Krugerrand is such a reliable asset.

To read more about gold Krugerrands or buy South African Krugerrands through The Precious Metal Shop

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