1 oz Krugerrand | Gold

Information

The 1 oz gold Krugerrand is a South African coin, issued by the Rand Refinery on July 3, 1967. It is the first one-ounce (31.1035g) pure gold coin to have been minted. Its 916.7‰ gold fineness and high-quality design give it incredible conservation characteristics. Minted in 60,000,000 copies, it is undoubtedly the most traded investment gold coin in the world.

History

After a major gold discovery near Johannesburg in 1886, Paul Kruger, with the help of Dutch, German, and British investors, decided to strike his own gold coins. From this association were born in 1892 the State Mint and the National Bank of South Africa which opened in the capital Pretoria. 100 years later, in 1992 the two entities will become the South African Mint (SA Mint) established in Gateway where the current headquarters are located Rand which is the South African currency since 1961, Paul Krugger its president inspired the name of the famous gold coin "Krugerrand" which is of German origin.

Details

The obverse of the coin shows the portrait of the President of South Africa: Stephanus Johannes Paulus known as "Paul Kruger" designed by Otto Schultz. We can read the inscriptions in Afrikaans "SUID AFRIKA" and in English "SOUTH AFRICA"

The reverse which was designed by Coert Steynberg shows a Springbok gazelle which is part of the coat of arms of South Africa. Above the antelope it is written "KRUGERRAND" and at the bottom "FYNGOUD 1 OZ FINE GOLD"

The Krugerrand is very popular with investors thanks to its high demand on world markets. It keeps very well over time thanks to its gold and copper alloy. It has been available since 1980 in the following formats: 1/2 oz, 1/4 oz, 1/10 oz

In 2017, new formats complete an ever-growing range: 50 oz, 5 oz, 1/20 oz, 1/50 oz.