Knowledge Centre
Buying Gold and Bullion
Krugerrands, bullion coins, bars, gold, silver and how to begin buying physical precious metals.
Questions in this topic
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What is a Krugerrand?
A Krugerrand is a South African gold bullion coin, first issued in 1967 and struck from 22-carat gold, an alloy of gold and copper. The 1 oz coin contains one troy ounce of fine gold, and…
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What Krugerrand sizes can I buy?
Gold Krugerrands are made in four bullion sizes: 1 oz, 1/2 oz, 1/4 oz and 1/10 oz, each containing that weight of fine gold. There is also a 1 oz silver Krugerrand. Which sizes you can buy…
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What is the difference between a new and mixed-year Krugerrand?
Both contain exactly the same amount of fine gold. A new Krugerrand is a recently minted coin, usually from the current year and supplied in mint condition, while mixed-year coins come…
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What is the difference between a gold coin and a gold bar?
A gold coin is struck by a mint to a standard design, weight and purity, and some, such as the Krugerrand, are legal tender. A gold bar is produced by a refiner or mint in a range of sizes…
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Should I buy gold or silver bullion?
There is no single right answer, and Knox does not give personal investment advice. Gold packs much more value into less space and gold Krugerrands are always zero-rated for VAT, while…
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How do I buy a Krugerrand from Knox?
Choose the coin and quantity, check the current price, and contact Knox or send an enquiry to confirm availability. You then complete identity verification, receive the final price and…
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Do I need an appointment to buy bullion?
It depends on Knox's current arrangements for the service you need, so confirm before you visit. Even where you can arrive without booking, arranging your visit in advance lets the team…
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What identification is required when buying gold?
Expect to show a valid identity document, such as a South African ID or passport, when you buy gold. Depending on the transaction, you may also be asked for proof of residential address…
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How does Knox check whether a Krugerrand is genuine?
A Krugerrand is checked by comparing it with the known specifications of a genuine coin: its design detail, weight, diameter and thickness, and its metal composition. No single test is…
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Can Knox store the bullion I purchase?
Yes, bullion bought from Knox can be placed in approved storage instead of being collected or delivered, so the metal need not leave the facility. The questions to settle are which…
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This Knowledge Centre gives general information, not financial, tax, legal or insurance advice. Prices, limits, terms and availability are confirmed by Knox before you proceed, and the agreement you sign takes precedence. Where a current figure has not yet been confirmed on this site, we ask you to contact Knox instead of relying on an estimate.
