Random-Year 1/10th OZ GOLD Krugerrand

Introduced in 1967, the South Africa Gold Krugerrand became the vehicle for private gold ownership. In the 1970's, its popularity boomed and it was the number one choice of gold among collectors. Economic sanctions, due to the apartheid, made the importing of the South Africa Gold Krugerrand illegal but this ended in 1991, when South Africa abandoned the apartheid. The South Africa Gold Krugerrand is 22 karats, 90% pure gold, 10% copper and contains one ounce of pure gold. Only sold in brilliant uncirculated or proof condition, the South Africa Gold Krugerrand will add a nice value to any gold collection.

The South African Krugerrand has had a stagnant minting history, and collectors quickly find that the most common dates are from the late 1970's to the 1980's. This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. By 1978, there were 6 million South African gold Krugerrands being produced, and by 1980, this coin reigned 90% of the global market. 1980 was also the year the South African Mint decided to add other fractional coins: half, quarter, and tenth ounce.

Design History of South African Krugerrand

The South African Krugerrand's design was constructed by two artists, instead of one. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Kruger remains one of the most divisive and well-known political figures from the 19th century. Seated as the 3rd president of the South African Republic, Kruger served for almost 10 years as Commander in Chief. His name was linked to the rand, which is the South African currency, and together make the Krugerrand.

The reverse presents the national animal of the South African Republic: the Springbok antelope. This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. The coin's purity, weight, and year of issue are also engraved on the reverse. The South African Krugerrands were minted with 160 serrations around the edge of the bullion coin and over 200 serrations on the proof coin, resulting in a truly unique coin.

About Summit Metals

Our Commitment to Transparency

At Summit Metals, we pride ourselves on our transparent pricing model. Unlike many competitors, we provide real-time gold spot prices and silver spot prices that are not futures-based. This ensures our customers are always getting fair and up-to-date prices, whether they are looking to buy or sell. We believe that transparent pricing builds trust and allows our clients to make informed decisions about their investments.

Our goal is simple: to offer competitive prices on gold and silver while providing a seamless and trustworthy experience. We understand the importance of transparency, especially when dealing with such valuable assets, and we work hard to ensure our customers feel confident in their investments.

Why Precious Metals?

Gold and silver have long been considered safe havens in times of economic uncertainty. Unlike paper currencies, which can lose value due to inflation or market fluctuations, precious metals have historically retained their worth over time. At Summit Metals, we believe that diversifying your investment portfolio with tangible assets like gold and silver is a wise financial decision.

Investing in precious metals offers several advantages:

• Wealth preservation: Gold and silver protect against inflation and currency devaluation.

• Liquidity: Precious metals can be easily bought and sold, offering flexibility in times of need.

• Tangible assets: Unlike stocks or bonds, owning physical gold or silver gives you control over your wealth.

A Customer-First Approach

At Summit Metals, we place a high priority on customer service. Our knowledgeable team is available to answer your questions and guide you through every step of the investment process, whether you’re purchasing for the first time or adding to an existing portfolio.

We understand that investing in precious metals is a significant decision, and we’re here to provide the support and resources you need. From detailed product descriptions to educational materials on the benefits of owning gold and silver, Summit Metals aims to equip you with the knowledge necessary to make the best financial choices for your future.