1 oz South African Krugerrand

The 1 oz South African Gold Krugerrand is one of the most recognized and widely traded gold bullion coins in the world. First introduced in 1967 by the South African Mint, it was created to help market South African gold internationally. With over 50 years of mintage history, the Krugerrand has become a staple for investors and collectors alike.

Historical Insight:

The Krugerrand was the first modern gold bullion coin made for private ownership and helped spark the global bullion market. Its success influenced the creation of other gold bullion coins like the Canadian Maple Leaf and the American Gold Eagle. The name "Krugerrand" is a blend of Paul Kruger's name and "rand," the South African currency.

Unlike many modern bullion coins, the Krugerrand does not carry a face value. Its value is based solely on its gold content and market demand. The coin is struck in a 22-karat gold alloy (91.67% gold, 8.33% copper), giving it added durability and a distinctive reddish hue.

Highlights:

• Contains: 1 troy oz of actual gold weight (AGW) in 22-karat gold (.9167 fine)
• Obverse: Bust of Paul Kruger, the former President of the South African Republic
• Reverse: Springbok antelope, one of South Africa's national symbols
• Minted by: South African Mint
• Finish: Brilliant Uncirculated (BU) — Varied year based on inventory
• Legal Tender: No face value, but recognized as legal tender in South Africa