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Buy Gold & Silver At Spot

 

Quarter oz South African Kruggerand Gold Coins available from JM Bullion.

Product Best Price
1/4 oz South African Gold Krugerrand Coin 1/4 oz South African Gold Krugerrand Coin
As Low As
$827.21
Shop Now

The South African Krugerrand has both an illustrious and, at times, contentious history. The ¼ oz version of the coin comes with the same design, purity, and prestigious pedigree of the 1 oz coin - just smaller.

1/4 oz South African Krugerrand Price

No matter the gold object, the spot price of gold is the underlying value associated with it. The spot price is the publicly-traded valuation for a troy ounce of gold. Thus, it serves as the basis point for all precious metals dealers’ pricing. 

On top of the spot price, each dealer attaches an additional cost known as a premium. The premium is the fee that the dealer charges as compensation for putting the deal together between you and the refiners and mints.

Now, premiums are not set percentages or amounts of money. They vary from dealer to dealer, and from object to object. Even coins from the same coin series - such as the South African Krugerrand - have different premium percentages.

For the ¼ oz South African Krugerrand, the premium percentages typically range between 12% and 17% above the spot price. As far as premiums go for ¼ oz gold coins, the Krugerrand is about average.

Thus, the Krugerrand is reasonably easy to sell on the back end. You’ll have little difficulty finding an investor, although there may perhaps be a bit more of a challenge than you would have when trying to sell American bullion coins.

Find the Lowest Price on 1/4 oz South African Krugerrand

As we mentioned, there are different premiums from dealer to dealer and coin to coin. As it happens, there are sometimes even different premiums for the same coin. It’s important that you know the different ways to ensure that you are paying the lowest price that you must when you buy a ¼ oz Krugerrand.

The first thing to do is pick a dealer. We recommend that, at the very least, you check out these four dealers:

  • JM Bullion
  • Provident Metals
  • BGASC.com
  • Silver.com

However, this list should not be the end of your search. You are looking for the best deal on ¼ oz Krugerrands, but you have to temper that mission with a healthy degree of skepticism.

For one thing, you need to find deals with reputable dealers. Your chosen dealer needs to have plenty of bona fides about its activities and have a sparkling reputation of good and honest service.

You should also make sure not to take a deal that is fishy on its face. In other words, avoid deals that are too good for you. If you see a deal like that - ESPECIALLY if it’s a price below the spot price - you should pass on it.

Once you’ve settled on a dealer for your ¼ oz Krugerrands, you should then do the following things:

  • Stick to the circulated coins. Coins designated as proofs or uncirculated are always going to have higher premiums because of the advanced level of care they experience during their production.
  • Buy random year coins. Some years are more valuable than others due to their mintage numbers or historic significance, and you can avoid those sorts of increases if you stick to the coins that are already in stock.
  • Bulk purchases are cheaper. If you can buy ¼ oz Krugerrands in tubes, they are going to be less expensive than buying them one at a time. The upfront cost will be greater, but you will realize copious savings on a per-coin basis.

Description

The debut of the Krugerrand in 1967 made history. It became the first sovereign bullion coin made available to the general public. So, it’s a bit of a surprise that the ¼ oz Krugerrand didn’t make its own appearance until 13 years later - after South Africa had a stranglehold on the world’s gold coin market.

Nevertheless, it has been part of the Krugerrand series ever since. The coin offers the same metallurgical composition as its big brother, with 91.67% gold and 8.33% copper. 

It also has the same design on both its obverse and reverse. The obverse features an image of Paul Kruger, an instrumental Boer leader of the late 19th century in South Africa. The name of the coin itself is a portmanteau of his name and the South African currency, the rand.

The reverse depicts a leaping springbok antelope. This animal is a national symbol of South Africa and one of its signature fauna.

Interestingly, neither the ¼ oz version nor any other coins in the Krugerrand series have a listed face value. They are considered legal tender in South Africa, but everyone understands their value primarily to reflect their metal content.

Coin Highlights

  • ¼ troy ounce of gold.
  • .9167 purity level.
  • Obverse bears image of Paul Kruger.
  • Reverse depicts a springbok antelope.
  • No face value present.
  • Debuted in 1980, 13 years after 1 oz Krugerrand.
  • Available as either single coins or in plastic tubes.

Buying Fractional Coins

The term “fractional” refers to coins that are minted at a weight less than 1 troy ounce. To be fair, they also usually have a fraction in their name. 

The appeal of the ¼ oz Krugerrand is much the same as the appeal of most fractionals: the price. Due to current gold prices, an investment in a full-size Krugerrand now requires thousands of dollars to complete. Buying a ¼ oz version cuts that price almost to a fourth of its original value.

That “almost” is important, though, as it hints at the downside of buying a fractional coin. While there are many great reasons to buy a ¼ oz Krugerrand confidently, the reality is that the premium percentage is always going to be greater than the one you’d pay for a 1 oz coin.

While the cheapest ¼ oz Krugerrands have a 12% premium attached to them, you would expect to pay less than 3% over the spot price for the cheapest 1 oz Krugerrands. The increased premiums for the smaller coins are due to their increased production costs, as the South African Mint must design smaller dies and, in some cases, use different machines to produce them.

None of that is to say that you shouldn’t buy the smaller coin. If your budget is limited but you would still like to invest in gold, they can represent an excellent option for you. At the end of the day, no gold is bad to own.

Specifications

Bullion Dealers JMBullion, Provident Metals, BGASC, Silver.com
Years minted 1990 - present
Mint Mark No
Purity .9167
Manufacturer South African Mint
Issuing country Republic of South Africa
Diameter 22 mm
Thickness 1.89 mm
Obverse design Image of Paul Kruger
Reverse design Springbok antelope
Obverse designer Otto Schultz
Reverse designer Coert Steynberg
Edge design Reeded
Packaging type Plastic flip or tube
Shipping costs JMBullion (free over $199)

 

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