Krugerrand Gold Coin

Filed Under » , ,
Dictionary Says

Definition of 'Krugerrand Gold Coin'

A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain exactly one troy ounce of gold. This coin was first minted in 1967 in order to stimulate the market for South African gold. It is considered legal tender within the country.

Investopedia Says

Investopedia explains 'Krugerrand Gold Coin'

The Krugerrand is one of the more frequently traded gold coins in the world market. It was the first gold-bullion coin that was tenderable at the market value of its face gold content. Because it was not supposed to be a replacement for the currency, it is considered to be a medal coin by definition.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Currency

    A generally ...
  2. Gold Standard

    A monetary ...
  3. ZAR (South African Rand)

    The currency ...
  4. Bullion

    Gold and silver ...
  5. Inflation

    The rate at ...
  6. Precious Metals

    A classification ...
  7. Precious Metals

    A classification ...
  8. Bullion Coins

    Coins made from ...
  9. Goldbricker

    Anything of ...
  10. Reverse Gold ETF

    Exchange traded ...

Articles Of Interest

  1. The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.
  2. Does It Still Pay To Invest In Gold?

    This asset's appeal dates back thousands of years. Find out whether it can live up to the hype.
  3. 8 Reasons To Own Gold

    This precious metal's rich history stems from its ability to maintain value over the long term.
  4. Precious Metals Funds: A Golden Opportunity?

    Used intelligently, precious metals can help an investor obtain decent returns in a terrible market.
  5. A Forex Trader's View Of The Aussie/Gold Relationship

    We look at why this relationship exists and how you can use it to produce solid gold returns.
  6. The Gold Showdown: ETFs Vs. Futures

    ETFs and gold futures are two ways to diversify into the metals asset class, but there are advantages and disadvantages to both instruments.
  7. A Holistic Approach To Trading Gold

    Combine technicals and fundamentals to tune out noise and confirm trends in this commodity.
  8. 5 Best Bets For Buying Gold

    Gold is a desirable alternative for those looking to diversify risk. Discover your options.
  9. Getting Into The Gold Market

    Add some sparkle to your portfolio by getting in on this classic commodity.
  10. Commodity Prices And Currency Movements

    Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center