Invest in Krugerrand Gold Coin
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Mint: South African Mint & Rand Refinery
Country of Origin: South Africa
Purity: 22-carat, 91.67%
Obverse: Portrait of Paul Kruger
Reverse: Springbok with year, purity, and weight
The Gold Krugerrand, introduced in 1967, marked a major milestone as the world’s first bullion coin, crafted to showcase South Africa’s rich gold reserves. By 1980, Krugerrands dominated the global market, accounting for 90% of bullion coin sales worldwide—a testament to their immense popularity and trust.
The name “Krugerrand” is a fusion of “Kruger”—honouring Paul Kruger, the first Boer president of South Africa—and “rand,” the national currency.
Each Krugerrand contains exactly one troy ounce of gold, alloyed with copper to improve durability and give the coin its distinctive reddish tone.
The obverse features a detailed portrait of Paul Kruger, while the reverse showcases the graceful springbok antelope, a national symbol of South Africa’s wildlife. Although the Krugerrand is recognised as legal tender, it does not carry a face value, with its worth tied directly to the current gold price.
Key Features of the Gold Krugerrand:
- The world’s original and iconic bullion coin
- Issued as legal tender by the Republic of South Africa
- Composed of one troy ounce of gold with added copper for durability