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Numismaster reports Krugerrand stampede

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
Which is kind of cool. Krands have been playing 2nd (or 3rd, or 4th) fiddle to eagles and maples and buffaloes for quite some time now.

But Numismaster is reporting that European sales for Krugerrands are so strong that premiums are making shipments from the US to Europe profitable. A quick check shows both Apmex and Gainesville are sold out of Krands (though Tulving seems to have some).

And the South African mint, which usually produces 2,000 to 3,000 krands a week has orders "for as many" as 30,000 coins.

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We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • gecko109gecko109 Posts: 8,231 ✭
    The K-Rand IS the original bullion coin. I tend to think that gold overall is in huge demand in Europe, and the K-Rand sales are just a reflection of this gold buying frenzy.
  • CiccioCiccio Posts: 1,405 ✭
    In my little experience, when in Europe we say "bullion", we usually mean either Krugerrand or British Sovereign.
  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭


    << <i>The K-Rand IS the original bullion coin. I tend to think that gold overall is in huge demand in Europe, and the K-Rand sales are just a reflection of this gold buying frenzy. >>



    What about the Solidus, the Zecchino and the Ducat?

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Isn't this in response to folks buying up the gold over in Europe due to the Greece/euro mess? Wasn't there a story posted yesterday about german bullion dealers basically being sold out of everything and scooping up the Kroog to restock?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    If it's written by Patrick Heller, I take it with a grain of salt. Self promoting bullion dealer.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>If it's written by Patrick Heller, I take it with a grain of salt. Self promoting bullion dealer. >>



    Understood. But as of this morning, Gainesville and Apmex are still out of stock on krands.

    Captain, you notice any ebb and flow in Chicago?
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>If it's written by Patrick Heller, I take it with a grain of salt. Self promoting bullion dealer. >>



    Understood. But as of this morning, Gainesville and Apmex are still out of stock on krands.

    Captain, you notice any ebb and flow in Chicago? >>



    Don't know about Gainesville, but APMEX has been out of stock on K'Rands for a while.

    I suspect it's because they can only produce a very limited numbers per week.
    "And the South African mint, which usually produces 2,000 to 3,000 krands a week."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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