CGT Exempt* in South Africa

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The Most Liquid Gold Coin in the World

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The History of the Krugerrand

From a bold beginning to a global gold standard

In July 1967, South Africa minted the very first Krugerrand. This was a visionary move to market South African gold on the global stage and give ordinary people the chance to privately own gold. Uniquely, it was the world’s first gold coin denominated by weight: exactly one troy ounce of pure gold.

Today, over 60 million ounces of Krugerrand gold have been sold since 1967. Its trusted legacy, global tradability, and timeless design make it a favourite for both collectors and investors alike. Available in 1oz, 1/2oz, 1/4oz, and 1/10oz sizes, in both Bullion and Proof formats, the Krugerrand remains a symbol of resilience, trust, and long-term value—a gold coin that truly stands the test of time.

Built to Last

To ensure durability, the Krugerrand was struck in a copper-gold alloy, giving it a distinctive reddish hue and strength that pure gold lacks. By the 1980s, it was the most sought-after bullion coin in the world, commanding over 90% of the global coin market.

Forged in History. Backed by Legend.

The Krugerrand is named after Paul Kruger, the former South African president linked to the mystery of the lost Kruger Millions; a legendary gold fortune. Even during years of isolation, the Krugerrand held its reputation as a symbol of resilience and value. Today, it stands proudly as one of the world’s most trusted and traded gold coins.

A Global Gold Standard

Between 1974 and 1985, the U.S. alone imported around 22 million Krugerrands, highlighting its popularity. The Krugerrand’s success inspired a new generation of bullion coins—like the American Gold Eagle, Canadian Maple Leaf, Australian Nugget, British Britannia, and Chinese Gold Panda.

Compare Proof vs Bullion Krugerrands

Proof Krugerrand

Bullion Krugerrand

Purpose

Collector's item with numismatic value

Investment-grade coin based on gold content

Price

Higher premium due to rarity, craftsmanship and collector valuation

Lower premium; closely tied to gold spot price

Tax Implications (SA)

Generally exempt from CGT as a collectible

Subject to Capital Gains Tax (CGT)

Target Audience

Collectors seeking strategic long-term value with tax benefits

Investors focusing on gold content and current market value

Mintage

Limited annual mintage

No fixed yearly mintage

Finish

Mirror-like, frosted finish

Matte finish

Handling

Not intended to be touched; comes encapsulated

Designed for handling; more durable

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spot the difference

Proof Krugerrands are meticulously crafted for collectors, featuring a polished, mirror-like finish and are often presented in elegant packaging. Their value is influenced by rarity, gold content, demand among collectors and their tax benefits.

Bullion Krugerrands are primarily investment vehicles, valued for their gold content. They are produced in larger quantities and are more affordable per ounce compared to their proof counterparts.