South African Mint
| SAVEWire/Check | ||
|---|---|---|
| 1+ | $5,077.10 | $5,288.65 $5,288.65 $5,128.38 |
| 10+ | $5,072.10 | N/A N/A N/A |
Why Buy South African Mint Bullion?
The South African Mint (SA Mint) is the official mint of the Republic of South Africa and one of the world’s most historically significant producers of gold bullion. Established in 1892, the SA Mint produces circulating coinage as well as commemorative and bullion coins made from gold, silver, and platinum.
The mint is best known for the iconic Gold Krugerrand, first struck in 1967 and widely regarded as the world’s first modern gold bullion coin. The 1 oz Gold Krugerrand helped establish global private gold ownership and remains one of the most widely owned and actively traded gold bullion coins worldwide.
Gold Krugerrand Coins
Developed by the South African Mint, the South African Reserve Bank, and the Chamber of Mines of South Africa, the Gold Krugerrand was created to make physical gold ownership accessible to investors and savers. The coin is legal tender in South Africa, though it has no stated face value, emphasizing that its value is directly tied to the market price of its 22-karat (91.67%) gold content.
Production of the 1 oz Gold Krugerrand began on July 3, 1967, with fractional sizes (½ oz, ¼ oz, and 1/10 oz) introduced in 1980. To date, more than 50 million Gold Krugerrand coins of all sizes have been minted and traded globally.
Rand Refinery Partnership
The Rand Refinery, founded in 1920, is one of the world’s largest gold refining and precious-metal smelting facilities. It has refined over 50,000 tonnes of gold, representing roughly one-quarter of all gold ever mined. The South African Mint works in partnership with the Rand Refinery to produce Gold Krugerrand bullion coins to exacting standards.
The South African Mint is headquartered in Centurion, Gauteng Province, just north of Johannesburg, and continues to produce some of the world’s most recognized bullion and commemorative coinage.
Kitco has been buying and selling precious metals since 1977. As the world’s leading gold news source and a trusted precious metals dealer, we offer transparent pricing tied to live markets, secure storage options, and experienced customer support.
For assistance with buying or selling gold or silver, contact our Customer Service team at info@kitco.com, 1-877-775-4826 (U.S. & Canada), or 1-514-313-9999 (Worldwide).
