The South African Mint Company produces limited edition proof Krugerrands intended as collector’s items. These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. Proof coins have 220 while bullion coins have 160.
Krugerrands are a popular way to invest in gold
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