The 1 10 oz Krugerrand is a significant investment opportunity, but it's essential to understand its value and price fluctuations. The coin's price can range from $1,500 to $2,000, depending on the market conditions and the dealer you purchase from.
The Krugerrand's price is directly tied to the gold price, which can be volatile. In 2011, the price of gold reached an all-time high of $1,920 per ounce, causing the Krugerrand's price to surge.
To make an informed investment decision, it's crucial to compare prices from various dealers and online marketplaces. This will help you find the best deal and ensure you're getting a fair price for your 1 10 oz Krugerrand.
Value and Pricing
The value and pricing of a 1/10 oz Krugerrand can vary depending on the dealer and the current gold spot price. You can expect to pay between $295.26 and $376.49 for one coin, depending on the dealer and any shipping costs.
The dealer premium, which is the difference between the dealer's price and the melt value, can be as high as 38.68% with some dealers. This means that if the melt value of the coin is $271.49, you could be paying up to $105 more than that with some dealers.
Here is a comparison of the prices and dealer premiums from several different dealers:
Compare Coin Prices
When buying a 1/10 oz Krugerrand, you'll want to consider the dealer's price, credit price, and premium. For example, Summit Metals offers a price of $295.26, while Hero Bullion offers $296.20.
The premium, which is the difference between the dealer's price and the credit price, can vary greatly. For instance, Summit Metals has a premium of $11.81, while APMEX has a premium of $105.00.
To compare prices, it's essential to look at the dealer's rating and any free shipping thresholds. For example, Summit Metals has a dealer rating of 5.0000 and offers free shipping at $299, while Hero Bullion has a rating of 4.3889 and offers free shipping at $149.
Here's a comparison of prices from various dealers:
As you can see, the prices and premiums vary significantly across dealers. It's crucial to research and compare prices before making a purchase to ensure you get the best deal.
Melt Value: South Africa
The melt value of a coin is essentially its worth based on the metal it's made of. This can be a significant factor in pricing, especially for coins like the South Africa 1/10 oz Gold Krugerrand (Random Year) that contain a substantial amount of gold.
The melt value of one South Africa 1/10 oz Gold Krugerrand (Random Year) is $271.49 based on today's gold spot price. This is a direct result of the coin's weight and metal content.
Purchase and Collection
The 1/10 oz Krugerrand is a popular choice for investors due to its ease of trade and sale worldwide.
Its alloy of 22 carats gold, also known as "crown gold", gives it a distinctive red-orange color and makes it more resistant and durable.
You can easily track its value by comparing it to the gold spot price per oz, thanks to its weight.
The South African Government guarantees its purity, weight, and gold content, providing an added layer of security for investors.
Why Buy Coin?
The Krugerrand is a popular choice for physical gold investment due to its durability and ease of trade.
Its alloy of 22 carats gold, also called "crown gold", gives it a distinctive red-orange color and makes it more resistant to wear and tear.
The Krugerrand is one of the most traded gold bullion coins internationally, which makes it extremely easy to sell worldwide.
Its weight makes it easy to carry and track its value by comparing with the gold spot price per oz.
The South African Government guarantees the purity, weight, and gold content of the Krugerrand, providing an added layer of security for investors.
The Krugerrand carries the lowest premium compared to smaller denomination gold coins, making it the best choice for investment in physical gold.
Buy South African Coin - Random Year
If you're looking to buy a South African coin, you can consider purchasing a 1/10 oz South African Gold Krugerrand Coin - Random Year.
This coin is made of gold and is an ideal way to enhance your gold portfolio.
The South African Mint is the manufacturer of this coin.
It's available to purchase online 24/7, and you can also contact their customer service at 1(800)294-8732 or through their live web-chat feature.
The coin has a purity of 0.9167 and a metal content of 0.10 Troy Oz.
Here are some key details about the coin:
The coin is available in various years, and it's circulated, meaning it's been in use.
Frequently Asked Questions
How much gold is in 1/10 Krugerrand?
A 1/10 Krugerrand contains exactly 1/10 troy ounce of fine gold, which is 3.11 grams of 22 karat gold. This small but valuable coin is a great way to invest in gold.
What is a 1994 1 10 Krugerrand?
A 1994 1/10 Krugerrand is a small gold coin made of 91.67% pure gold, weighing 3.11 grams and measuring 1.35mm thick and 16.55mm in diameter. This coin is the smallest denomination of the Krugerrand series, introduced in 1994.
Sources
- https://findbullionprices.com/p/Krugerrand-Tenth-oz-Gold-Coin-Random-Year/
- https://www.jmbullion.com/1-10-oz-south-african-gold-krugerrand/
- https://philoro.com/shop/gold-coins/gold-krugerrand-110
- https://gerrardsbullion.com/shop/gold/gold-coins/tenth-ounce-gold-krugerrand/
- https://sdbullion.com/1-10-oz-gold-krugerrand-coin-random-year
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