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South African Krugerrand Gold Coin

GOLD KRUGERRAND

SOUTH AFRICA - (1967-PRESENT)

Latest Ask Price:

$1276.14
Lowest internet prices on Bullion

Other Available Gold American Eagle Coins:

Weight

Availability*

1/2 oz. Call for Price and Inventory
1/4 oz. Call for Price and Inventory
1/10 oz.Call for Price and Inventory
PCGS/NGC GradedCall for Price and Inventory
* Price is based on live spot prices and can change quickly with market movement. RME does not guarantee any prices until locked in by an RME broker either in person or over the phone. RME is not responsible for technical issues affecting display price. All credit card orders are subject to additional banking fees. Call to place order or check availability for immediate release.
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COIN SPECIFICATIONS

DIAMETER

32.7 mm, 27 mm, 22 mm, 16.5 mm

YEARS MINTED

1967-present (1 oz);
1980-present (1/2 oz, ¼ oz, and 1/10 oz)

ACTUAL GOLD CONTENT

N/A

U.S MINT BRANCHES

None

FACE DENOMINATION

None

COMPOSITION

91.67% Gold, 8.33% Copper

GROSS WEIGHT

33.93 g, 16.965 g, 8.482 g, 3.93 g

DESIGNER

O. Schultz (obverse);
C.L. Steynberg (reverse)

The History of the South African Krugerrand

The Krugerrand is believed to be the most widely owned bullion coin in the world as it was the first bullion coin minted for investment purposes. In 1967 it was first introduced as a channel designed to encourage individuals to own gold. Each and every Krugerrand is minted using approximately 91 2/3 parts gold and 8 1/3 parts copper. Since South Africa is one of the world’s largest gold producers, therefore the South African Mint is rarely at a loss for the metal. In 1988 the official South African Mint became a full subsidiary of the South African Reserve Bank. Because the Krugerrand is primarily minted for trading outside South Africa, the coin does not carry a face value. The Krugerrand’s obverse (front) features the first President of the South African Republic, Paul Kruger. The name of his nation surrounds Kruger in both Afrikaans and English: ‘SUID-AFRIKA’ and ‘SOUTH AFRICA’. These languages represent two of South African’s eleven official languages.

The reverse (back) of the Krugerrand features a South African antelope (a springbok) prancing with the coin name at the top, ‘KRUGERRAND’. The date of issue and the amount and purity of the gold is listed on the reverse, as well.

SIMILAR COINS

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AUSTRIAN PHILHARMONIC

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Minted Dates: 1989-

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GOLD AMERICAN EAGLE

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Minted Dates: 1986-

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GOLD CANADIAN MAPLE LEAF

Origin: Canada

Minted Dates: 1979-

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