1978 SOUTH AFRICA KRUGERRAND M.G.C. NO RESERVE

1978 SOUTH AFRICA KRUGERRAND

GOLD COIN REPLICAS MINITURE

8K TO 22K GOLD COIN, WEIGHT: 0.5 GRAM, DIAMETER 8MM

*******LOW STARTING BID WITH NO RESERVE*******

Originally minted in 1967 in an effort to help market South African gold to the international market, the Krugerrand stood alone as an accessible investment opportunity for the everyday buyer...it was the first gold coin to contain exactly one troy ounce of gold, and was intended from its inception to provide a way for the private investor to purchase precious metals.

Additionally, by producing the coin as legal tender in South Africa, the coin was available for portfolio diversification in the United States, which at the time, banned private ownership of gold bullion, but did allow ownership of foreign coins. While the political turmoil that has plagued South Africa over the past 40 years has had an effect on the liquidity of the coin, with the lifting of apartheid in 1994 the Krugerrand has once again regained its status as one of the leading gold bullion coins traded world-wide.

The Krugerrand derives its name from combining the names of Paul Kruger, a well-known Boer leader and local hero who went on to become the last president of the Republic of South Africa, and the "rand" -- the monetary unit of South Africa.

The obverse side of the coin is detailed with a profiled bust of President Paul Kruger and features the name of the country, "South Africa," in the country's two native languages, English and Afrikaans. The reverse side of the coin features the image of a springbok antelope, one of the national symbols of South Africa, originally used on the South African 5-shilling piece. The reverse side also features the year of issue and the fineness of the coin.

The South African Krugerrand is a 22-karat coin weighing a total 1.0909 ounces (or 33.930 grams). It is comprised of one troy ounce of pure gold and 2.826 grams of a copper alloy which is used to give the coins higher durability and to make them more resistant to scratching, and gives the coins a unique orange-gold hue.

THIS AUCTION IS FOR A REPLICA COIN NOT AN ACTUAL 1OZ.GOLD COIN.

 THE GOLD COIN REPLICAS MINITURE IS

8K TO 22K GOLD COIN, WEIGHT: 0.5 GRAM, DIAMETER 8MM

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SHIPPING AND RETURN POLICY

I WILL COMBINE SHIPPING, FOR EACH ADDITIONAL ITEM I WILL REDUCE SHIPPING BY $0.50 IF PURCHASED WITHIN A 5 DAY PERIOD. IF YOU RECEIVE AN INVOICE AND YOU HAVE MORE THAN ONE ITEM PLEASE ASK FOR AN ADJUSTMENT ON SHIPPING PRIOR TO PAYMENT.I’M SORRY BUT I CAN’T HOLD ITEMS FOR WEEKS ON END, I HOPE YOU UNDERSTAND. RETURNS WILL BE ACCEPTED FOR 7 DAYS IF ITEM IS NOT AS DESCRIBED AND MUST BE IN THE ORIGINAL COVER, DO NOT RETURN WITHOUT CONTACTING ME FIRST. RETURN WILL BE IN THE FORM OF CASH BACK OR STORE CREDIT YOU DECIDE. WINNING BIDDER MUST PAY POSTAGE FOR ANY RETURN‘S.