Are you a person who enjoys collecting coins? If so, chances are you have across the Krugerrand, a South African coin that was first minted in 1967. At the time, the gold Krugerrand was introduced to help market the South African gold. As a matter of fact, it made up ninety percent of the gold coin market by 1980. If you are planning to collect the Krugerrand, then you need to be aware of the different types of Kruger Rands. Some of the most common types you need to be aware of include the Double shaft alternative and the Single Shaft coin.
Apart from the different types, you must also find out more regarding the Krugerrand coin values. Well, the value depends on a number of factors such as the coin’s age and the dealer you choose to work with. Make sure you work with a dealer who is willing to pay more than others if you are to get a good return on your investment. It is possible for Kruger coins to be valued anywhere around a couple of hundred bucks to a few thousand dollars. To benefit fully, you must evaluate your specific coin as it might be worth more than you probably think.
Once you have every piece of information you need regarding the Silver Krugerrand or Gold Krugerrand, it is important to look for a reputable dealer. Keep in mind this precious metal is extremely valuable with its value increasing over time. The good news is that there are so many places where you can purchase these coins without going through a lot. You must however choose the right dealer and start with a small order when investing in silver coins for the very first time. Be on the lookout for scammers who are only looking for a way to dupe you off your hard-earned money.
For those who are looking to sell Krugerrands, then you must already be aware that there are many different places where you can unload them. All it takes is for you to look for a place that is willing to sell and buy precious metals be it online or offline. Be ready to answer a few questions or produce your identifying documents when selling the gold coins. The good news is that some dealers are never going to ask for anything from you when making a sale.