The Krugerrand value centers on its gold content, as well as a premium, with the price also being affected by certain factors such as specially prepared proof coins, and the condition of the coin. A fascinating fact about the Krugerrand is that it does not have any face value, but is manufactured solely for trade purposes, outside of South Africa. The coins are available in 1oz., ½ oz., 1/4oz., and 1/10oz., and are sold at prices which are determined by the current gold price.
South Africa is a forerunner in gold mining, as well as a leader in the production of gold bullion, which makes the coins a passion with collectors, and an established gold investment, worldwide. In addition, the Krugerrand is the first coin to be minted by a country for investment purposes, and, to make it feasible for investors to purchase the coins, the South African government changed them to weight, rather than give them a monetary value.
Even in these unstable economic times, the Krugerrand price remains firm and steady, which is why countries and businessmen and women still favour them as an investment. As with the American eagle gold coins, the Krugerrand also contains copper, making it durable, and, apart from being sold as coins, is also easily converted into stunning pieces of jewelry.