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This is the price you will pay to purchase this product. It is composed of the METAL VALUE, the FEES, and the VAT (Note: gold is VAT-free in Switzerland).
This is the amount you will receive if you sell this product back to us immediately. GOLD AVENUE does not take any commission on the buyback and will pay you the full metal value at the time of your sale.
The fees (also called "premium") include the production and operational costs (production, handling, warehousing, etc.), as well as our margin.
VAT (Value Added Tax):
In Switzerland gold is VAT-free, other precious metals are charged a 7.7% VAT rate (the lowest in Europe).
The one-ounce (oz) silver coin, 31.10 grams (g), South African Krugerrand is an internationally popular coin. This elegantly designed coin is considered an interesting and unique coin for all collectors or investors. Like many other international coins, the South African Krugerrand offers elements of heritage and African culture on this coin.
These internationally renowned coins are attractive choices for many investors around the world. They offer a real chance to buy high-quality silver (0.9990 fine silver) at a good price. This timeless silver coin is a good investment in the precious metals industry and/or a great way to diversify your portfolio. Buying physical silver or storing it in one of our highly secure vaults is an investment of choice.
The obverse side of the coin illustrates Paul Kruger. The fifth president of South Africa is proudly represented on this coin. Besides, his name is engraved in English and Afrikaans. The back of the coin takes us across the wild plains of Africa to the grassy savannah, where its fauna is represented by an elegant and majestic antelope. The antelope is the national animal of South Africa, from where he was chosen to represent his country on this famous coin.
Protect your silver South African Krugerrand coin from fingerprints by using cotton gloves and carefully handling your coin. You can also protect your precious metal coin by keeping it inside a clear plastic capsule. This will expose the coin in a very elegant way and will enhance the value of your coin collection.
This coin was first minted in 1967 as a means of marketing gold from the African continent, specifically South Africa. This coin is the smallest of all available coin series, with a diameter of 16.5 mm, but despite its small size, it retains a 91.67% gold purity and a timeless elegance. In the 1980s more coins were launched but at a fraction of the size. This was done in order to offer small investors with modest savings the same investment opportunities.
What are VAT-FREE products?
VAT-FREE products are products stored in a secure Swiss Freeport: an economic zone where the 7.7% Swiss VAT on precious metals does not apply.
Our VAT-FREE products are therefore exempt from the 7.7% Swiss VAT rate and stored outside of the banking system.
You can resell your products to us 24/7, instantly, and without commission (0%). In order to remain VAT-FREE, these products are only available for storage.
What is a PREORDER?
With our PREORDER feature, you can buy an out-of-stock product before everyone else. This feature allows you to preorder from a large selection of our best selling products as soon as they are in production.
Stored products bought in PREORDER will be available for resale once they are physically stored in our vaults. For deliveries, all products in your order will be shipped once the PREORDER products are ready.
How does a PREORDER work?
Order a product in PREORDER.
We give you an estimated date for your delivery/storage.
When the PREORDER product is ready it will be stored or delivered directly.
Complete this order to start an Auto-Savings plan. Easily manage, pause, or cancel your next Auto-Savings orders at any time from your account.