Why the Krugerrand is Better than the Gold Eagle for Investment Purposes

Why the Krugerrand is Better than the Gold Eagle for Investment Purposes

There are many different types of gold coins on the market, but two of the most popular are the Krugerrand and the Gold Eagle. Both coins are made of pure gold, but they have different features and are minted in different countries. The Krugerrand is minted in South Africa, while the Gold Eagle is minted in the United States.

The Krugerrand has a more curved design, while the Gold Eagle is more angular. This article will discuss the benefits of each type of coin and which one is better for investment purposes.

The History of the Krugerrand

The Krugerrand was first minted in 1967 and is a South African gold coin. It was designed to be used as currency, but it quickly became popular among investors and collectors due to its gold content and unique design. The Krugerrand is made of 22-karat gold, which is more durable than 24-karat gold and less likely to scratch or dent.

The coin also contains a small amount of copper, which gives it a unique reddish hue. The Krugerrand is available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes. The most popular size is the 1 oz coin, which has a face value of 50 rands. The Krugerrand is one of the world’s most widely traded gold coins and is a popular choice among investors.

The Gold Eagle is another popular gold coin, but it has a few disadvantages when compared to the Krugerrand.

  • First, the Gold Eagle is only available in 1 oz and 1/2 oz sizes.
  • Second, it has a higher premium over the spot price than the Krugerrand.
  • Finally, it is not as widely traded as the Krugerrand and may be more difficult to sell.

For these reasons, the Krugerrand is often considered to be a better choice for investment purposes.

The Benefits of the Krugerrand

The coin is made from 22-karat gold and contains one ounce of pure gold. The Krugerrand is a legal tender in South Africa and is also popular with investors and collectors worldwide. Here are three reasons why the Krugerrand is such a popular gold coin:

1) It is affordable: Krugerrands are more affordable than other gold coins such as the American Gold Eagle or the Canadian Gold Maple Leaf. This makes them a great option for people who are looking to invest in gold but don’t have a large budget.

2) It is durable: The Krugerrand is made from 22-karat gold, which means it is more durable than coins made from 24-karat gold. This makes it a good choice for people who want to use their gold coins as currency or for investing purposes.

3) It has a high purity: The Krugerrand contains one ounce of pure gold, making it one of the purest gold coins on the market. This makes it an ideal choice for investors who are looking to get the most bang for their buck.

The History of the Gold Eagle

The History of the Gold Eagle

The Gold Eagle was first minted in 1986 and contains 22 karats of gold, making it one of the most valuable coins in circulation. The coin’s reverse depicts a bald eagle with wings spread wide and a cluster of arrows in its talons.

Above the eagle are the words “E Pluribus Unum,” and below it is the coin’s denominational value and date of minting. The Gold Eagle is produced by the U.S. Mint at West Point, New York, Philadelphia, Denver, and San Francisco facilities.

Each year, the Mint produces several million Gold Eagles, which are popular with investors and collectors alike. The Gold Eagle has a long and rich history, dating back to the early days of the United States Mint. Today, it remains an iconic symbol of American strength and prosperity.

The Benefits of the Gold Eagle

The gold eagle is one of the most popular coins minted by the United States Mint. Each coin contains a full ounce of gold, making it an excellent choice for investors looking to add precious metals to their portfolios.

In addition to its bullion value, the gold eagle also has numismatic value, which means it is worth more than its weight in gold. Here are three primary benefits of investing in gold eagles:

1) Gold is a timeless store of value: Gold has been used as a form of currency for centuries, and its value has held up over time. In fact, gold is often seen as a hedge against inflation, as its price tends to rise when the cost of living goes up.

2) Gold eagles are easy to buy and sell: Unlike some other types of investments, gold eagles can be easily bought and sold on the open market. This makes them a convenient way to invest in gold without storing or transporting physical bullion.

3) Gold eagles are backed by the U.S. government: The United States Mint guarantees the weight and purity of every gold eagle it produces.

This gives investors peace of mind knowing that their investment is backed by the full faith and credit of the U.S. government.

The Benefits of the Gold Eagle

Which Coin is Better for Investment Purposes?

The Krugerrand and the Gold Eagle are two of the most popular gold coins in the world. Both coins are made of 22-karat gold, but they have some important differences. The Krugerrand is a South African coin that was first introduced in 1967. It is named after the former president of the South African Republic, Paul Kruger.

The Gold Eagle, on the other hand, is an American coin that was first minted in 1986. Unlike the Krugerrand, it is not named after a specific person or place. Instead, its name refers to the image of an eagle on the coin’s obverse side. When it comes to investment purposes, many experts believe that the Gold Eagle is a better choice than the Krugerrand.

This is because the Gold Eagle is produced by the United States Mint, which is widely considered to be one of the most trusted and reliable mints in the world. In addition, the Gold Eagle is backed by the United States government, which adds to its stability and attractiveness as an investment.

Final thoughts

Considering all the information above, is the Krugerrand the best for investment in this krugerrand vs gold eagle gold coin battle? Here is what we have determined.

The Krugerrand is the better investment for a few reasons. It has a long history, is more durable, and has a lower premium over the spot price of gold. The Krugerrand should be your go-to choice if you want to invest in gold.

The Different Features of the Krugerrand and the Gold Eagle Coin.

The Different Features of the Krugerrand and the Gold Eagle Coin

When it comes to investing in gold, there are a few different options. You can buy gold bullion, gold bars, or gold coins. But which one is the best option for you?

In this article, we will compare the Krugerrand and the Gold Eagle coins. These are both made of gold, but they have some distinct features. The Krugerrand is heavier and has a higher purity than the Gold Eagle coin. The Gold Eagle coin is more affordable, making it a popular choice for investors.

So which coin should you own? Let’s take a closer look at both of them and see what differences we can find.

The History of the Krugerrand

Krugerrands are South African gold coins that were first minted in 1967. The name comes from Paul Kruger, the former President of the South African Republic, and the rand, which is the currency of South Africa.

The coin was designed to be used as a form of legal tender, but it quickly became popular with investors and collectors due to its high gold content. Krugerrands were initially introduced as a way to invest in gold without dealing with the restrictions placed on gold ownership by other countries.

The coin quickly became popular; by 1980, they accounted for 90% of the gold coin market. Today, the Krugerrand is one of the world’s most widely traded gold coins and remains an important part of South Africa’s economy. Still a popular choice for investors, and they are also widely collected as a numismatic item.

The Weight and Purity of the Krugerrand

Since its inception, the coin has been manufactured with 22-karat gold. The coin’s weight is one troy ounce (31.103 grams), making it durable and resistant to scratching and marring. As a result, it remains one of the most popular gold coins for investors and collectors alike.

The Krugerrand is also prized for its purity, containing 91.67% gold (22 karats). This high level of purity makes it an excellent choice for investment purposes. In addition, the Krugerrand is easy to trade and transport due to its standard size and weight.

For these reasons, the Krugerrand is one of the most popular bullions in the world. As of 2020, the price of the Krugerrand is $1706.82 US dollars.

The Design of the Krugerrand

The Design of the Krugerrand

Introduced in 1967, the Krugerrand was the first coin explicitly minted for investment purposes. The Krugerrand is constructed from 22-karat gold, an alloy of 91.67% gold and 8.33% copper. This combination gives the coin a more orange appearance than 24-karat gold. The copper also makes the coin more durable and less susceptible to scratching and other wear and tear.

The Krugerrand weighs 1.0909 troy ounces and measures 32.6 mm in diameter. The front of the coin features a portrait of Paul Kruger, while the back displays a springbok antelope, one of South Africa’s national symbols. With its distinctive design and valuable metal content, the Krugerrand remains a popular choice for investors and collectors alike.

The Gold Eagle Coin

The Gold Eagle coin is one of the most popular in the United States, and for a good reason. Authorized by Congress in 1985, the Gold Eagle was designed to provide investors with a convenient way to invest in gold. The coin is minted from 22-karat gold, with each coin containing a minimum of 1 ounce of gold. In addition, the Gold Eagle features a unique design that includes an image of a bald eagle in flight.

The Gold Eagle coin is also popular because it is backed by the full faith and credit of the United States government. This means the coin has intrinsic value and can be used as legal tender. In addition, the Gold Eagle coin is IRA eligible, which makes it an attractive investment for those looking to diversify their portfolio.

If you are considering investing in gold, the Gold Eagle coin is definitely worth looking at. With its unique design, government backing, and IRA eligibility, the Gold Eagle coin offers investors many advantages.

The Weight and Purity of the Gold Eagle Coin

The Gold Eagle coin is one of the most popular bullion coins in the United States. Each coin contains a full troy ounce of gold, equal to 31.1034768 grams. The purity of the gold is also guaranteed by the U.S. government, with each coin containing at least 22 karats of gold (92% pure). The remaining 8% of the coin’s weight is made up of silver and copper, which help to give the coin its durability.

The Gold Eagle coin was first introduced in 1986 and has been produced annually ever since. It remains a popular choice for investors and collectors due to its high gold content and guaranteed purity.

The Design of the Gold Eagle Coin

The Gold Eagle coin is one of the most popular minted by the United States Mint. Authorized by Congress in 1985, the Gold Eagle was first released in 1986 with four denominations:

  • 1 oz
  • 1/2 oz
  • 1/4 oz
  • 1/10 oz

The coin’s front features a portrait of Liberty designed by Augustus Saint-Gaudens, while the back shows a male eagle holding an olive branch gliding above a nest with a female eagle and eaglets. The coin is composed of 22 karat gold (.9167 fine), with the remainder being silver and copper.

The Gold Eagle coin is minted in two finishes:

  1. Brilliant Uncirculated – The brilliant uncirculated coins are intended for general circulation.
  2. Proof – Proof coins are collector’s items minted using a specially treated die, resulting in a higher quality finish.

Both types are Legal tender with a face value of $50. The size, weight, and composition of the Gold Eagle coin are based on the original $10 Eagle coin minted from 1795-1933.

That coin was designed by Robert Scot and featured an eagle with outstretched wings on its obverse Lady Liberty facing to the right. Like the Gold Eagle, that coin was also composed of 90% gold.

However, due to rising gold prices and economic conditions during the Great Depression, President Franklin Roosevelt ordered Executive Order 6102 to recall all gold coins to be melted down in 1933. Thus, the Gold Eagle coin is not only famous for its design but also its history.

 

The Design of the Gold Eagle Coin

Which Coin is Better for You

You need to be aware of two primary features of the Krugerrand and the Gold Eagle coin. The first is that both are made of gold. The second is that the Krugerrand is from South Africa, while the Gold Eagle is from the United States.

Here are a few other facts about each coin that you may find helpful in deciding which one is better for you:

  1. The Krugerrand was first minted in 1967 and was designed to be used as currency.
  2. The Gold Eagle was first minted in 1986 and was designed to be used as an investment vehicle.
  3. The Krugerrand is 22 karats, while the Gold Eagle is 24 karats.
  4. The Krugerrand contains one ounce of gold, while the Gold Eagle contains 1.09 ounces of gold.

When it comes to purity, the Gold Eagle is the better choice. The Krugerrand is the way to go if you’re looking for a coin to use as currency. However, if you’re looking to invest in gold, the Gold Eagle is a better option because it contains more gold. Whatever your purpose, both the Krugerrand and Gold Eagle make excellent choices.

In Conclusion

If you are looking to invest in gold, it is important to understand the different features of each type of coin.

The Krugerrand has a higher purity than the Gold Eagle and is also more affordable. However, the Gold Eagle is backed by the United States government, which may give some investors peace of mind. Ultimately, the choice between these two comes from personal preference and investment goals. Have you decided which type of gold coin is best for you?

HJAAP & It’s Future Online

HJAAP Background

The second-oldest student-run review,  Harvard Journal of African American Public Policy, was published every year by the Kennedy School of Government at Harvard. This was created in efforts to discuss, promote, and dismantle opinions affecting communities of color. Their core purpose was to empower & educate in hopes of improving the quality of public policies relating to the African American community.

There was a belief that policy is best implemented when it is correctly– and organically – informed. Therefore, they sought to extend the conversation to offer intriguing research and insight into respective varied perspectives and influence through its reach. In so doing, they hoped to increase African Americans’ political, social, and economic footprint.

HJAAP.org Online

The Hjaap.org website is now heavily focused on research, investment, & growth within the precious metals industry. Hjaap will make it a goal to focus on providing actionable strategies for investing in Gold, Silver, & other precious metals. We believe this is a BIG benefit for retirees looking to safeguard their retirement savings!

Stay tuned for more details soon! 🙂