Gold Krugerrands are probably the most famous and well known gold coin, both in the USA and internationally.
South African Gold Krugerrand were first minted in 1967 to market Gold mined in South Africa. Since then they have become the default gold bullion coin for precious metal investors, primarily because they trade very close to the spot price to gold.
Gold Krugerrands usually can be purchased with little to no premium because of their mintage – they are not collectors coins, then are bullion coins. In the 1980 Krugerrands became so popular that they accounted for 90% of the gold coin market. Collector or numismatic coins get their value from being rare, so if you are looking for something rare, a Krugerrand is not for you.
For bullion investors the Gold Krugerrand is a great value because you can get more Gold for your money. They will almost always be in mint condition, because gold coins are usually stored with extreme care due to their high value.
South Africa Gold Krugerrands are available in 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce coin form only, there are no bars. One interesting thing to note is that a 1 oz Gold Krugerrand is not a .999 fine gold coin, but a 1 oz Gold Krugerrand does contain 1 oz of .999 gold. The actual weight is just slightly over 1 oz due to the alloy mix (8.33% copper) which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Copper alloy coins are harder and more durable, so they can resist scratches and dents (another reason why they have little collector value, they are more durable than pure gold coins).