Category: Krugerrand Gold Coin

Krugerrand Gold Coin

Mint: South African Mint & Rand Refinery

Country: South Africa

Purity: 22-karat, 91.67%

Obverse: Profile of Paul Kruger

Reverse: Springbok with weight, purity, and year of minting

First introduced in 1967, Gold Krugerrands were the world’s first bullion coins initially released to market South African gold. By 1980, these coins accounted for 90% of the global coin market and they remain one of the most famous bullion coins today. Gold Krugerrands are a portmanteau of Paul Kruger, the first Boer president of South Africa, and rand, the official South African currency. 

Gold Krugerrands are struck from 22-karat (91.67%) gold and contain one full troy ounce of gold. The remaining 8.33% is a copper alloy that makes these coins more durable than pure gold coins and imparts a distinctive reddish hue. 

On the obverse of the Gold Krugerrand is a portrait of Paul Kruger with the words South Africa written in both Afrikaans and English. On the reverse is an image of a springbok animal, one of South Africa’s national symbols. Although these coins are considered legal tender in South Africa, they have no face value. 

Gold Krugerrand features:

• Historical significance as the world’s first bullion coin
• Sovereign coin backed by the South African government