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The Krugerrand from South Africa is used at tender at the market value of it's gold content. Not intended to be used for currency, it is considered as a medal or bullion coin.

Krugerrands are available in a variety of sizes making them a great investment for those that want to build their gold investment slowly. Krugerrands are one of the worlds most popular gold coins with over 42 million minted. Krugerrands are inexpensive and readily available.

Krugerrands are 91.67 pure gold and one troy ounce would weigh in at 1.0909 to provide one troy ounce of pure gold, with the remainder of weight consisting of copper giving the Krugerrand a slight orange tint. Not to worry, almost all modern coins in circulation use some alloy to make coins harder and more durable.

Krugerrands are very popular as an investment because the premium over spot is usually pretty low. These days if you pay 1% over spot you are doing great, but with gold soaring right now it will take some research to find the right dealer.

One of my favorite ways to purchase any gold coin is on eBay. eBay's gold auctions always prove that the value of a coin is only what is buyer is willing to pay for it, and on eBay it gets right down to the real action.

eBay has a flourishing and very active market, and here is the place where you can really get the best values buying and selling your gold coins.

eBay is easy to search for the coins you wish to acquire. Just type whatever you want in the search box and you will view all the auctions related to the coin.

One of the best features of eBay is that you can view what each particular coin sold for in the past 90 days, a great tool for making sure you get the best value for your money. When you are viewing the auctions, just look over to the right and you will see an option for "completed items". Just check the box and there it is! the outcome of every eBay auction in the past 90 days.

You may ask, is it safe to trade on eBay? The answer is yes. There are many ways buyers are protected, but the best way to determine if a dealer or individual are reputable is to look at their feedback score and you can also view the comments previous customers have left for the seller

Optimally you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer. Look at the total comments left in the upper right hand corner of the auction page.

If you are going to purchase or sell Krugerrands or any other coin just keep an eye on the market as daily fluctuations can be dramatic at times.