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Gold Krugerrands

The number one safe haven investment

Gold: The Only True Form of Real Money

In unstable economic times, both individuals and governments turn to gold as a safe store of value. Unlike currencies such as the USD, which can lose value, gold has held its worth for centuries and continues to surge, especially since the pandemic. Gold coins, in particular, offer a unique opportunity to protect and grow wealth while serving as a stable investment in uncertain times.

Gold has long been regarded as the only true form of real money. In times of economic instability, people turn to gold as a reliable asset. Its value has consistently risen, solidifying its position as a secure investment. Gold coins provide not only an investment opportunity but also a tangible asset that can safeguard wealth in unpredictable periods.

Gold is up ±4,381% in 30 years. Based on historical monthly prices (Sep 1995 vs. Sep 2025 spot). Sources: Macrotrends historical series; Reuters price update.

Gold Coins’s Value Over the Last 30 Years:

Gold KRugerrand options available

Subject to availability – prices may change according to indicators

1 oz Gold Krugerrand

1/10 oz Krugerrand

1/2 oz Gold Krugerrand

1/4 oz Krugerrand

The surge in the gold price to above $3 650 an ounce has once again put the spotlight on gold and, for South Africans, also on the Krugerrand. Anyone who bought a Krugerrand at the start of 2022, when the price hovered around R29 000, would be pleased with today’s price of almost R70 000.

PURCHASE KRUGERRANDS

Gold prices shift daily. Speak to our team today to secure the best rates, explore your investment options..

About City Coins?

A business started in 1967 by the Jaffe family, founded by the late Allen Jaffe  and then taken over by his wife Natalie after his tragic passing in 1975. On her passing in January 2023, Natalie’s daughter Sharon took over the reins. She had been working extremely closely with her mother in recent years and learned the ropes from the best of the best.

Sharon soon joined forces with Doron Duveen, a former client of City Coins and close friend of the family. Together, they have formed a formidable team. Dedicated not only to preserving and  continuing this special business, but also growing it by exploring new avenues aided by technology and the ever-changing needs of collector’s worldwide. 

Our dedication, passion and unparalleled service have earned us international recognition, culminating in our current standing as the only South African representative of Noonans Mayfair, the prestigious UK auction house. We have their experts on hand, plus their international auction sales platform to leverage for our clients. 

With 60 years of experience spent building some of the world’s largest and most impressive collections, City Coins is an expert coin dealer in Cape Town you can trust.

Request a Quote: Krugerrands

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Join us for a Free Valuation

Sunday, 9 November, bring your special coins, banknotes, medals, jewellery, or gold for a free valuation.

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Free Download:
The Gold Guide

Get a Free Download of our latest Gold Guide. 
You'll recieve our Gold Guide, which covers:
  • An overview of the precious metals market
  • How investing in gold works in South Africa
  • Your options for delivery and secure storage
If you have any questions or would like assistance, you’re welcome to call us on 021 425 2639.
Why we ask:

Your reason for investing helps us point you straight to the factors most relevant to your situation, while still providing the full guide for deeper detail.

Why we ask:

Your intended investment size influences recommendations around storage, product selection, and the most efficient ways to manage costs and benefits.

Why we ask:

The gold market is influenced by a number of global and local factors. While no one can predict the future, we can give you up-to-date insights on current movements and what’s driving them.

Medals

City Coins has achieved global recognition for  South African war medals with a worldwide customer base eagerly following our medal auctions.

The market for war medals and decorations has been popular for decades. Medals can be collected according to a specific battle, rebellion or conflict. Sometimes people simply prefer to collect medals that appeal to them aesthetically. 

A lot of the time, however, people keep medals because they form emotional attachments to them. This is especially true for South Africans and Britons with family members who received the Queens South Africa (QSA) medal for fighting in the Boer War. Although some might feel attached to medals and want to hang onto them, sometimes the memory of the recipient is better served in the collection of someone who will really cherish the medal and appreciate its history.

Perhaps you have war medals or decorations that have been passed down from generation to generation through your family? If you would like to find out more about your medals or how much they are worth, please get in touch. If you have medals for sale, we can give you all the advice you need in order to evaluate and sell them.

Bank Notes

While the world of money transitions into an era devoid of paper with cryptocurrency and NFT, banknotes have become even more rare and popular. 

 

Our banknotes range from the famous Siege of Mafeking to the South African notes from Governors of The Reserve Bank. We have rare notes and specimens.

The American Gold Eagle and South African Krugerrand bullion coins, for instance, are made up of .9167 fine gold, thus making them 22-karat. But they still contain one troy ounce of gold – which is why they weigh 1.0909 troy ounces overall. The added alloy creates a more durable coin.

The spot gold price is simply the current market price of gold at which traders can perform over-the-counter trades with each other. It is the cost of one troy ounce of gold, and the greater the price, the higher the demand.

We are an authorised dealer of The Rand Refinery and The South African Mint. We deal in all types of gold and silver Krugerrands as well as special Krugerrand sets and commemorative Krugerrands. We have a large collection of the “Natura” sets issued over the years by the SA Mint and no longer in production (so very rare!).

Krugerrands

Gold purity tends to be measured by karats – abbreviated “kt” – with 24-karat gold designated as 0.999 fine or above. Pure gold fineness would be 1.000; however, the softness of gold would make such coins impractical to use, so 0.999 fine and above is considered pure gold. These coins contain only the most minuscule amount of another metal – or ‘alloy’ – needed to make them tradable. 

The American Gold Eagle and South African Krugerrand bullion coins, for instance, are made up of .9167 fine gold, thus making them 22-karat. But they still contain one troy ounce of gold – which is why they weigh 1.0909 troy ounces overall. The added alloy creates a more durable coin.

The spot gold price is simply the current market price of gold at which traders can perform over-the-counter trades with each other. It is the cost of one troy ounce of gold, and the greater the price, the higher the demand.

We are an authorised dealer of The Rand Refinery and The South African Mint. We deal in all types of gold and silver Krugerrands as well as special Krugerrand sets and commemorative Krugerrands. We have a large collection of the “Natura” sets issued over the years by the SA Mint and no longer in production (so very rare!).

Coins

We specialise in South African coins either of rarity (graded or potential)  or commemorative value. Many old South African coins contain gold/silver and are rare, like the famous Veld pond and 1931 Tickey.  

We also deal with international coins, and have a global clientele and network through Noonans Mayfair which we can leverage for our customers.