Krugerrands are known internationally as a good way to invest in gold. These coins almost never lose their value, and they’re an easy way to diversify your investment portfolio.
Even though they’re worth a lot of money, it’s best to avoid selling them when you’re in a tight spot. Fortunately, there’s a way to get instant cash for Krugerrands without selling them.
With LoanAgainst, we offer near-instant cash for Krugerrands, without selling them, in South Africa. Here’s how:
- unlock the value of Krugerrands without selling
- how much you can get for Krugerrands
- why Krugerrands are a good asset
- how to get instant cash for Krugerrands.
Unlock the value of your Krugerrands, without selling
Selling an item of value such as Krugerrands is one way to get access to cash but it does mean losing an asset for good.
Instead of selling your Krugerrands and removing them from your investment portfolio, you can access their value through an asset-based loan.
This type of short-term loan uses the Krugerrands as collateral. Once the loan is repaid, your Krugerrands are returned.
This means you can get the cash you needed in a hurry and you don’t have to resort to selling a valuable or sentimental asset.
How much cash you can get
Using Krugerrands to get a loan essentially means using your coins as collateral on a secured loan. This means the loan amount is based on the value of the coin.
The value of Krugerrands depends on the type of coin. Gold Krugerrands come in proof and bullion.
The value of bullion Krugerrands is based on the universal gold bullion price. Proof Krugerrands have a numismatic value; this is their intrinsic value as collectable coins.
Proof Krugerrands must be in good condition to retain their value. Bullion Krugerrands are valued by the gold they contain.
Both types of Krugerrands are available in 1/10, 1/4, 1/2 and 1 ounce sizes.
At LoanAgainst, we offer collateral loans based on an agreed percentage of the gold’s resale value.
Why it makes sense to hang on to Krugerrands
Gold has always been considered a stable asset and a good hedge investment in volatile times.
Given the current and predicted future volatility in SA’s financial markets, hanging on to stable investments like gold coins makes good financial sense.
Gold coins can quickly and easily be converted into cash anywhere in the world and into any currency.
Krugerrands are a uniquely South African asset that are ideal for easily passing on to the next generation.
Next steps: how to get cash for your Krugerrands
To get cash for Krugerrands without selling them, apply for an asset-based loan from LoanAgainst. As an NCR-compliant lender, we offer:
- fast loans that are paid out within 24 hours
- simple online application process
- discreet loans that don’t affect credit scores
- low-risk loans that don’t affect ownership of assets.
Send us some information about your coins, and we will offer you a provisional loan amount. If you’re happy to go ahead, send us a copy of your ID, proof of address and proof of ownership.
Once the loan agreement is signed, we will transfer the loan amount directly into your bank account within 24 hours.
Contact us on 079 726 4690 to learn more about getting instant cash for Krugerrands without selling them or start your application online.
