The grand daddy of modern gold coins, the Krugerrand has been around since 1967. Like the American Gold Eagle, these coins are minted from 22 karat gold, but contain 1 full ounce of pure gold (each coin weighs 1.0909 ounces). Krugerrands are an economical way to start buying one ounce coins, as they typically have the lowest premium over the spot price of gold of all sovereign-issued gold bullion coins.
*1% over dealer cost is an approximation based on expected spot-prices relative cost of coins. It is not a guarantee on any specific product at any specific time and only applies to the common bullion products listed at www.meritgold.com.
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