Gold Krugerrand

Gold Krugerrand

About Gold Krugerrand coins

The Gold Krugerrand coin is a South African gold coin, first minted in 1967 to help market South African gold. It is produced by the South African Mint Company. There have been an estimated over 54 million Krugerrand gold coins sold worldwide since 1967.

Unlike other gold coins, the Gold Krugerrand coin has no actual face value apart from its precious metal content.

Design of Gold Krugerrand coins

1-oz gold Krugerrand has serrated edges. On the front of the coin is a profile of Paul Kruger, an early president of the Republic of South Africa. The Afrikaans words Suid Afrika appear, along with the English South Africa. The back of a gold bullion Krugerrand coin features a male springbok. This medium-sized brown and white gazelle has long been regarded as a national symbol of South Africa. There is also a date stamped in two sections on either side of the springbok image.

1-oz Krugerrand is 1.3 inches in diameter and 0.11 inches thick. Gold Krugerrand coin has a gold fineness equal 0.9167. The coin is actually 1.09 troy oz. because it’s 11 parts 22-karat gold alloy and 1 part copper added to make the coin more resistant to damage.

In 1980, three smaller sizes of gold bullion Krugerrand coins were issued, with weights 1/2 oz, 1/4 oz and 1/10 oz.

1-oz gold Krugerrand coins remains today one of the most popular means of private ownership of gold along with American Eagle coins and Silver Maple Leafe coins.

1oz Krugerrand Price

Gold 1oz Krugerrand price will move in line with the current gold prices, since the bulk of their value comes solely from the gold content of each Krugerrand gold coin.

Gold bullion Krugerrands for sale

You can find gold bullion Krugerrands for sale on Ebay or from local gold dealers.