Now, we're guessing that you're wondering why is that so. Simple. Aside from having a really special-sounding name, Krugerrand is the first gold coin to contain precisely one ounce of fine gold and be intended as a vehicle of private ownership of gold. Krugerrands, for your information, could be owned by Americans by simply bestowing legal tender status upon the coin at the time they were prohibited to private ownership of bullion, but allowed ownership of foreign coins.

This coin, first minted in 1967, aims to promote the South African brand of Gold, explaining why it's obverse depicts the silhouette of Paul Kruger, fifth and last president of the old South African Republic (to whom it also got its name). The reverse also depicts the same message. In the subverse is a springbok, one of the national symbols of South Africa. The name ?South Africa? and the gold content are shown in both Afrikaans and English symbols.

Another reason why the gets more attention than other bullions from collectors is that it actually is the one that inspired many other gold-producing nations to mint their own bullion coins, including the famous Canadian Gold Maple Leaf in 1979, the Australian Nugget in 1981, the British Britannia Coin in 1987 and the American Gold Eagle in 1986.

The best tip for buying Krugerrand online is to buy from a reputable seller. You can look up the sellers' feedback scores, or carefully read the comments from previous customers. Of course, you would want to transact with a seller with a feedback score of 100%. But you have to take everything into consideration also. Just because a merchant doesn't have a 100% score doesn't mean it isn't reputable.