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Register Now or Login1 oz South African Krugerrand Gold Coin (Random Year)
Product description
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:
- Made from .9167 fine gold with a weight of 1 troy ounce.
- Struck by the South African Mint.
- Year of mintage vary based on our available inventory.
- Legal tender of South Africa.
- Individual coins are sold in plastic slips. Lots of 10, 15, 20, and 25 come in plastic tubes.
- Obverse: Features a left facing profile portrait of former South African president Paul Kruger, a design by Otto Schultz. Inscriptions - “SUID AFRIKA” and “SOUTH AFRICA”.
- Reverse: Depicts Springbok antelope, a national symbol of South Africa, a design by Coert Steynberg. Inscriptions - “KRUGERRAND,” year of Mintage and Gold weight.
Product Specifications
| Fineness: | 0.9167 |
|---|---|
| Actual Weight: | 1 troy oz |
| Thickness: | 2.84 mm |
| Coin Diameter: | 32.69 mm |
| Gross Weight: | 33.93 grams |
| Condition: | Brilliant Uncirculated |
| Product type: | Coin |
| Material: | Gold |
| Year: | Random |
| Mint-Brand: | South African Mint |
Product description
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:
- Made from .9167 fine gold with a weight of 1 troy ounce.
- Struck by the South African Mint.
- Year of mintage vary based on our available inventory.
- Legal tender of South Africa.
- Individual coins are sold in plastic slips. Lots of 10, 15, 20, and 25 come in plastic tubes.
- Obverse: Features a left facing profile portrait of former South African president Paul Kruger, a design by Otto Schultz. Inscriptions - “SUID AFRIKA” and “SOUTH AFRICA”.
- Reverse: Depicts Springbok antelope, a national symbol of South Africa, a design by Coert Steynberg. Inscriptions - “KRUGERRAND,” year of Mintage and Gold weight.
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