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This amazing 1 oz South African Krugerrand Gold Coin is one of the most popular coins on the market. Dating back to 1967, this coin was also the world’s first modern bullion gold coin.
The concept of the Krugerrand was first introduced by the South African Chamber of Mines in the 1960's to promote physical gold as an investment opportunity for the "man on the street". The Krugerrand was released in 1967 as a legal tender coin and contained 1 troy ounce of fine gold. This gold coin was unique in that it had no denomination because its face value was connected to the daily gold price.
The Krugerrand was mass produced so that it could be sold at a relatively low premium over the current gold price. In 1980 the fractional Krugerrands (1/2 oz, 1/4 oz, and 1/10 oz) were released, making the Krugerrand affordable to more people.
The designs on the coin are well-recognized all over the world hence they are easy to trade and liquidate. The obverse features a profile portrait of Paul Kruger, designed by Otto Schultz, and the reverse depicts the Springbok antelope, a national symbol of South Africa, created by Coert Steynberg.
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This amazing 1 oz South African Krugerrand Gold Coin is one of the most popular coins on the market. Dating back to 1967, this coin was also the world’s first modern bullion gold coin.
The concept of the Krugerrand was first introduced by the South African Chamber of Mines in the 1960's to promote physical gold as an investment opportunity for the "man on the street". The Krugerrand was released in 1967 as a legal tender coin and contained 1 troy ounce of fine gold. This gold coin was unique in that it had no denomination because its face value was connected to the daily gold price.
The Krugerrand was mass produced so that it could be sold at a relatively low premium over the current gold price. In 1980 the fractional Krugerrands (1/2 oz, 1/4 oz, and 1/10 oz) were released, making the Krugerrand affordable to more people.
The designs on the coin are well-recognized all over the world hence they are easy to trade and liquidate. The obverse features a profile portrait of Paul Kruger, designed by Otto Schultz, and the reverse depicts the Springbok antelope, a national symbol of South Africa, created by Coert Steynberg.
Coin Features:
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