South African 1 Ounce Gold Krugerrand Coin - UKBullion.

The South African Gold Krugerrand coin is named for the Boer statesman Paul Krugman, the long-running president of South Africa. “Rand”, at the end of the coin name is the name of South Africa’s currency. Krugman’s visage also graces the obverse side of the Krugerrand, with South Africa’s national symbol, the antelope-like springbok, springing across the reverse.

South African Gold Krugerrands The largest gold reserves in the world were discovered in 1886 in what is now the Republic of South Africa. In order to expand their market to small investors, the South African Chamber of Mines designed the world's first modern bullion coin: the Krugerrand.

Gold Krugerrands. In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” This was the first coin to be valued at the monetary.

The South African Government changed that with the introduction of the Krugerrand in 1967. Here was a coin, with legal tender status, purposefully made to trade just for its gold value and the small cost of manufacture and distribution. South Africa foresaw that gold ownership would become increasingly popular among private individuals as the U.

The South African Silver Krugerrand is a relatively recent introduction from the South African Mint and Rand Refiner. The silver bullion version of the long-running Krugerrand debuted in 2017 and you can already find these specimens with gilded and colorized finishes. Right now, 2020 1 oz South African Silver Krugerrand Gilded Coins are available to purchase online from JM Bullion.

The South African Krugerrand. South Africa’s gold coin, the Krugerrand, was first introduced back in 1967 as a way to help the market for gold in South Africa. The coin was an instant success and by the time 1980 rolled around it was responsible for about 90 percent of the market for coins. Throughout the 70s and 80s, a few countries prohibited importing this coin because it was affiliated.

The above Krugerrand prices are indication prices only and are subject to the transaction being telephonically or. The first Krugerrand’s,consisting of 1 troy ounce of fine gold were struck by The South African Mint on 3 May 1967 .The design of the Krugerrand was based on the ZAR or Kruger Ponde, historical coins of South Africa, The obverse (front) of the Krugerrand depicts the bust of.

First minted in 1967 by the South African Mint, the name 'Krugerrand' comes from the name of the president at the time; Paul 'Kruger', and the unit of currency of South Africa the 'Rand'. Some countries banned the importing of Krugerrands during the 70's and 80's due to the association with the apartheid government but is now one of the most recognised Gold coins among collectors and investors.

The obverse of the Krugerrand features Paul Kruger, the last president of the South African Republic. The South African Krugerrand was the first modern government-issued gold bullion coin. It’s marketing campaigns during the 1970’s and 1980’s paved the way for its popularity among the gold bullion coins of today. Additional information. Weight: 1.0 Troy oz. Size: 32.77mm. Thickness: 2.

Now, more than 50 years after the introduction of the gold coin, the South African Mint is releasing the Krugerrand in pure silver. The 1 oz silver Krugerrand coin shares much of the iconic design of the gold coins. The obverse, or front, of the coin carries the image of Paul Kruger. He rose to international prominence in the Second Boer War as South Africans of Dutch descent fought against.