South Africa Gold Krugerrand
Gold Krugerrand South Africa
Diameter 32,70 mm. gross weight 33,9305 gr.
Fine gold weight: 31,103 gr. (1 troy oz.)
Sealed and granted by Numismatica Terziani.
History of South African Krugerrand Gold (1967-Present)
The world's first gold bullion coin minted for investment, the Krugerrand is believed to be the most widely owned bullion coin in the world. The Krugerrand was first introduced in 1967, as a vehicle designed to encourage individuals to own gold.
The observe (Front) of the South African Krugerrand Gold, designed by O. Schultz, features the first President of the South African Republic, Paul Kruger. Kruger is surrounded by the name of his nation in Afrikaans and English, two of South Africa's eleven official languages: "SUID-AFRIKA ' SOUTH AFRICA."
A springbok (a South African antelope) prances across the reverse (back), as designed by C.L. Steynberg. The reverse also lists the date of issue and the amount and purity of the gold. Interestingly, the Krugerrand does not carry a face value (RAND South Africa) because it is primarily minted for trading outside South Africa.
Each Krugerrand is minted using approximately 91 2/3 parts gold and 8 1/3 parts copper.
At our shop we buy this item for € 1006.04