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[…] Safe Haven Metal company logo of a shield with the letters "SHM" as the body, and the company name in over under format, silver and gold colors
CONTACT US
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The Legend of Krugerrand

The History of the Krugerrand Shows it All Started Here

Krugerrand is pronounced like cougar but with a “cr” sound like “crew” and “rand” at the end. If you are thinking, where have I heard that word before? You may have seen it in a number of Hollywood hits as a guest star, usually the one everyone is chasing. Lethal Weapon 2, starring Mel Gibson, Danny Glover and Joe Pesci in his break out comedy role centered around the Krugerrand gold coin as the controversial object to obtain.

Krugerrand gold coins are popular in the precious metal industry.

History of the Krugerrand

The name comes from Paul Kruger. The former President of the South African Republic. Rand is the name of South African currency. The first Krugerrands were minted by the South African Mint in 1967. Serving to promote the country’s gold mining industry, they did rather well. By 1980 the gold coin dominated 90% of the gold bullion market. It is estimated that between 1974-1985 some 22 million of these lustrous marvels were imported into the United States alone.

Reverse of the Krugerrand features a springbok antelope

Quite the trend setter, Krugerrand coins were the first gold coins to contain exactly one troy ounce of gold. This uniform weight made them a convenient way to purchase and own gold. The export was so popular that other countries wanted in on the action. Canadian Maple Leaf gold coins were introduced in 1979. The Chinese Panda gold coin in 1982. The American Eagle gold coin joined the fun in 1986. Following suit were the British Gold Britannia and Australian Nugget in 1987.

Krugerrands also became popular due to their high gold content and relative affordability. They are widely recognized and accepted in the international market. Making them a popular choice for those looking to invest in gold.

Krugerrand Design

The featured unique design sets them apart from other gold coins. The reverse side features a springbok antelope, the national symbol of South Africa.

President John Kruger is the face on the obverse of the Krugerrand.

The obverse side of the coin features the profile of former President Paul Kruger.

Krugerrand coins are 22 karat gold (91.67%). The blend is a combination of gold and copper. The addition of copper is the secret to its beauty, making the coins more durable and resistant to scratches.

Krugerrand: Sizing and Value

1980 Krugerrand reverse shows a proud springbok as that year the gold coins comprised 90% of the world market.

Krugerrands are available in four different sizes: 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. The value of these gold coins are based on the current market value of gold, as well as any additional premiums charged by dealers.

Their recognition and reputation in the international market make Krugerrand coins a safe coin due to wide spread acceptance. Making them easy to resale. Thus making them easy to buy, and a convenient option for those looking to purchase  gold.

Summation

Krugerrand coins are a widely popular option in the precious metal industry. These gold coins are easy to spot due to their unique design, setting them apart from other gold coins. Krugerrand coins are available in four different sizes. Value is based on the current market value of gold. If you’re considering purchasing gold, you may have met one that checks all the boxes. Krugerrand gold coins are a reliable and convenient option that has stood the test of time.

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Simplified Short Version of Terms and Conditions of Website

This is only a simplified version of the full terms and conditions, it is intended as a quick overview regarding the things as people are most commonly relevant to us.

This website is governed by the full terms and conditions.

Purchase and sales agreements are separate, and provided in different links found on the footer. 

Consent to Contact

Submitting your contact information on any of our contact forms and or calling or emailing Safe Haven Metal is a grant of consent for us to contact you via telephone or email. This consent is a waiver if you are on the do not call list registry and any email shall not be considered spam or unsolicited. Safe Haven Metal will contact you to discuss your needs and no other use of your contact information will be engaged in by us. We do not sell your phone number or email information to anyone.

Please review our Privacy Policy and Cookie Policy for opt out procedures and additional information. The bottom line is that we do not like it when companies sell our information so we will not do it to others.

AML POLICY

Due to Anti-Money Laundering (AML) Policy restrictions and guidelines, we do not accept physical paper money (cash) for purchases. If you do not know what the AML is, you really need to look it up, as it applies to everyone.

As a financial institution, Safe Haven Metal is AML compliant.

PAYMENT OPTIONS

For products that will be delivered to you directly these traditional forms of payment are accepted: bank wire (we prefer this one), cashier’s check, ACH; also IRA is acceptable but that has tax consequences for you.

For products that will be stored by a third party (depository), IRA, 401k, Pensions, Retirement Account, etc. (see full list on Gold IRA page) are all acceptable forms of payment.

We do not accept credit card payments, cash over $10,000 and we do not accept cryptocurrency, we are happy with our real gold.

BUY BACK POLICY (from the purchase agreements)

Safe Haven Metal (SHM) is prohibited under the law from guaranteeing to repurchase Precious Metals that SHM sells, and SHM does not guarantee that it will repurchase any Precious Metal item that Client may purchase; what SHM extends is the possible availability as a buyer at a later date. If and when Customer desires to liquidate, simply call SHM and let SHM know you are ready for SHM to exchange for cash the Precious Metals purchased from us subject to the following procedure that must occur:

i.)         Customer ships the Precious Metals products originally purchased from SHM for inspection because the buy back offer is only for the exact items purchased from us, inclusive of exact condition; and 

ii.)        The cash value of buy back will be at or near Spot Price at the time when we have examined the product to ensure it passes inspection (which is at our or our designated inspector’s sole good faith discretion as to current condition compared to documented condition when originally purchased); 

iii.)      A new agreement is then presented by SHM to Customer reflecting Spot Price and conditions quantities much like this Invoice; the offer is valid for 24 hours after inspection approval and new agreement sent; 

iv.)      Once signed and returned to SHM the money is then released to you within 72 hours; if Customer rejects the offer then Customer must pay for return shipping costs and the product will be returned to Customer. 

v.)          There is no fee on buy back, as that fee is part of the initial purchase Agreement with us as a part of our consideration to be available for your needs at a later date, consistent with this whole paragraph.

Risk Disclosures

Investing in everything is a risk; values fluctuate, sometimes going up, other times down; no one can predict the future; that is why diversified portfolios are usually recommended. The best anyone can do is make informed decisions and see if correct over time, therefore do research, do your homework. Do not invest more in precious metals than you feel comfortable with after informing yourself. Read your contract; ask your attorney to review it. We strive to do right and help others, if you do not understand something then ask us. There are no guarantees, other than doing our best for you.

DISCLAIMER

Our communication of portfolio is intended as Oxford Dictionary defines “portfolio” as: “a range of products or services offered by an organization, especially when considered as a business asset” and Oxford defines “analysis” as “detailed examination of the elements or structure of something”.

All information provided on this website is the opinion and property of Safe Haven Metal LLC. All customers and potential customers are encouraged to do independent research, educate yourself and make informed decisions. Then you can make the best decision for yourself. Once you have done your diligence you will see that Safe Haven Metal LLC truly does have our clients’ best interests in heart. We would not encourage you to go look around elsewhere if we were not confident in what we offer and provide.

NOTICE: Any images of persons on our site are from professional models obtained through licensing of various companies.

Full Terms and Conditions

The full terms and conditions control over this simplified version. This is intended as a quick reference point only. You can access and read more on the full terms and conditions page.