Sell Gold Krugerrand to the Best Krugerrand Buyer in Las Vegas, NV
The Gold Krugerrand is considered the grandfather of modern bullion. A Krugerrand is a South African coin produced by the South African Mint and the Rand Refinery. It was first minted on July 3, 1967, with the purpose of marketing South African gold. The term Krugerrand is a combination of the former President of the South African Republic (Paul Kruger) and the South African unit of currency (rand). At present, many people sell gold Krugerrand to reputable gold coin enthusiasts and dealers because of its undeniable value. Truth be told, there is only one great Krugerrand buyer in Nevada. That is exactly where to sell gold Krugerrand coins today!
Sell Gold Krugerrand
Design
The obverse of a Gold Krugerrand features Otto Schultz’s portrait of Paul Kruger, who was the President of the South African Republic from 1883 to 1900. You can also see the line “SUID-AFRIKA · SOUTH AFRICA” on this side of the coin. Meanwhile, on the reverse side of the coin is the image of a springbok Antelope by Coert Steynberg. The mint date of the coin is in the coin’s field. The legend is inscribed with “KRUGERRAND” and the gold weight.
Value
Gold Krugerrands are among the coins that do not carry any face value, which means they have not been assigned any value in Rand. However, the South African Reserve Bank of 1989 considers it as a legal tender. The amount of gold contained in Gold Krugerrands carries most of the coin’s value. This is why the best way to sell Krugerrands is to understand the price of gold, especially if you expect to sell gold Krugerrand in exchange for a price that it deserves.
Where to Sell Gold Krugerrand Coins
Are you looking for the best way to sell Krugerrands? Nevada Coin Mart is the answer. Our store is the best place to sell gold Krugerrand in Las Vegas. We are a multi-award-winning business in Las Vegas, specializing in gold coins. For three years in a row, the Las Vegas Review-Journal named us Best of Las Vegas. We are without a doubt the greatest gold coin buyer in the area! You have come to the perfect site if you are looking to sell gold Krugerrand and other valuables!
Best Way to Sell Krugerrands
Due to its high gold content, Krugerrands now serve more as bullion coins rather than legal tender. Investors use bullion coins like Krugerrands to store the value of their money as a form of defense against inflation. However, if you have a Gold Krugerrand, you will need to sell it to turn it into cash.
Most of a Gold Krugerrand’s value correlates with the price of gold. Hence, you need to know the spot price of gold before doing anything else with your coin. After that, you need to exert some time and effort in finding a Krugerrand buyer. Although, doing so might require a good network of people. If you want to skip all these hassles, opt to sell Gold Krugerrand coins to Nevada Coin Mart instead. With NCM, you can just bring your coins into our shop, and we’ll do everything else for you.
Krugerrand Buyer
As the widest bullion buyer in Las Vegas, we make it a point to keep our services available as much as possible. We are open 365 days a year, from 9 AM to 6 PM. Visit us at Nevada Coin Mart 4065 S. Jones Blvd, Las Vegas, NV 89103 to get a free quote. You can also call us at 702-998-4000 to talk to one of our coin experts today.
Brief History
In 1980, the majority of investors preferred storing their riches in Krugerrands, which accounted for about 90% of the global coin market at the time. For a while, the public attached the name “Krugerrand” to the term “gold coins.” However, between the 1980s and 1990s, Western countries banned the importation of Krugerrands due to its association with the apartheid government of South Africa.