Krugerrand
Sign in to saveThe Krugerrand (; ) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal.
Key facts
- Coin.Country
- South Africa
- Coin.Denomination
- Krugerrand
- Coin.Value
- None specified (implied value equal to gold content)
- Coin.Mass
- 33.93
- Coin.Mass_troy_oz
- 1.09
- Coin.Diameter
- 32.77
- Coin.Diameter_inch
- 1.28
- Coin.Thickness
- 2.84
- Coin.Thickness_inch
- 0.11
- Coin.Composition
- Gold (91.67% Au, 8.33% Cu)
- Coin.Years of Minting
- 1967–present
- Coin.Obverse
- File:1 oz Krugerrand 2017 Bildseite.png
- Coin.Reverse
- File:1 oz Krugerrand 2017 Wertseite.png
- Coin.Obverse Design
- 1892 by Otto Schultz – Profile of Paul Kruger with "SUID‑AFRIKA · SOUTH AFRICA" in the legend
- Coin.Reverse Design
- 1947 by Coert Steynberg – A pronking springbok antelope with the mint date in the field. The legend is inscribed with "KRUGERRAND", the year of minting and the gold weight in Afrikaans and English.
via Wikipedia infobox
~7 min read
Encyclopedic overview
9 sectionsContents
- History
- Variations and imitations
- Properties
- Proof Krugerrands
- 50th Anniversary Krugerrands
- Export control
- Charitable donations
- See also
- References
The Krugerrand (; ) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal.
By 1980, the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.
Excerpted from Wikipedia’s “Krugerrand” article, available under the CC BY-SA 4.0 licence.