Protects you against currency devaluations. Wealth protector. You can own the real gold – Physical Possession. Value is based on the dollar currency which allows you to edge your wealth against the rand
Rand Refinery produces the blank Krugerrand which is then sent to the South African mint for minting. Once minted they’re then re- turned to the Rand Refinery who sells them to accredited dealers.
A Krugerrand weighs 33.931 grams, of which 31.103 grams is fine gold. (An ounce equals 31.103 grams)
The Krugerrand is made from 22 carat gold.
IBV Gold uses The Fisch Test – This tests the following in a Krugerrand Diameter : 32.77mm
Mass: 33.931gm
Thickness: 2.972mm
We would also test the weight of the coin.
Krugerrands are based on its gold content plus a small premium. Most of the Krugerrand’s value comes from the gold bullion content, which can be determined by checking the current gold spot price.
The year printed on the Krugerrand makes no difference to its value.
Non-resident visitors may export up to 15 Krugerrand coins or the equivalent in fractional Krugerrand coins, supported by the prescribed SARS Customs Declaration, provided that they can prove that the coins were acquired with the proceeds of foreign currency introduced.
Banks may allow the export of Krugerrand coins or the equivalent in fractional Kruggerrand coins up to an amount of R30 000 as gifts by residents to non-residents.
The South African Krugerrand in 1967 pioneered the idea of a coin that contained an ounce of pure gold, and was made to trade just for its gold value.
Yes , You can buy gold from IBVGold.com, Simply put you can view the coins we have in stock through IBVGold.com continue to purchase through the website. Currently only an EFT payment is accpeted and collection of the coin is at either IBV Gateway or IBV Sandton.
EFT ( proof of payment must be submitted / coins released once payment is cleared )
Cash or Cash deposit 1.2% fee is payable Credit Card / Debit Card 3% fee is payable