For the first time in twenty-five years, fractional-ounce Krugerrands are being imported into the U.S. in large quantities. And, the news gets better: the coins are priced at the standard premium for fractional-ounce government gold coins. As buyers of fractional-ounce gold coins know, these coins, when they were available, carried huge premiums in the secondary market after the financial crisis of 2008.
The first shipment is expected to hit the U.S. about September 24, and we expect to begin shipping to buyers the following week. Note: that is what we anticipate. We have absolutely no control over when the coins will arrive, but if the shipment time of these fractional Rands goes as recent imports of one-ounce Krugerrands have gone, the coins should be here as anticipated.
Three sizes will be available: ½-oz, ¼-oz and 1/10-oz. We anticipate the biggest demand for the 1/10-oz Rands and are going to attempt to carry a large inventory of them, which means we will be able to make prompt shipments to buyers—unless the demand is bigger than we anticipate.
We have not been told how many fractional Rands are being imported, and the importer does not know if the South African Mint will turn out additional fractional Rands in the near future.
On another note, as this is written we have ten Specials posted on our Specials Page, all of which are gold items. Generally, the items we put on the Specials Page are lesser-known gold or silver investments, forms of gold or silver that we cannot offer on a regular basis because we cannot always get them.
Still, they are good investments because they are priced much lower than if we had to go into the market to get the items. A good example: Austrian 100 Corona gold coins, which were standard gold bullion coins along with Krugerrands and Mexican 50 Pesos in the 1970s, are put on our Specials Page when available. The Specials Page offers investors opportunities to buy low premium gold. As the items on the Specials Page are sold, they are removed.
If you would like to discuss buying the fractional Rands or any of the items offered on the Specials Page, call us at 800-528-1380. Our brokers take call 7:00 am to 5:00 pm MST, Mondays through Fridays.