Initially intended to circulate as currency, the gold Krugerrand gets its name from former South African President Paul Kruger and the word “rand,” the country’s official currency. Its gold alloy durability, along with its purity, makes it one of the most prized gold bullion coins for investors.
Continue reading for quick facts, investment insights and brief history of Krugerrand gold bullion coins.
Gold Krugerrand - Quick Facts and Brief History
|Type||Gold Bullion (Investment), proof finishes, commemorative issues (Numismatic/Collectors)|
|Mintage||By the South African Mint annually since 1967|
|Weights / Denominations||1 oz Gold Kruggerand, 1/2 oz Gold Krugerrand, 1/4 oz Gold Krugerrand, 1/10 oz Gold Krugerrand|
|Front Design||Bears the face of Boer statesman Paul Kruger, who served four terms as South Africa's president. The obverse side of the Krugerrand also bears the name of the issuing country in both Afrikaans and English.|
|Rear Design||Designed by Coert Steynberg, the reverse side of the coin features one of South Africa's national symbols, the springbok. This design was originally featured on the South African five shilling coin|
|Brief History||Krugerrand gold bullion coins were launched in 1967 by the South African Mint to provide private individuals an opportunity to own gold. It was originally intended to circulate as currency, which is why the coins are minted in a more durable gold alloy. The success of the gold Krugerrand spawned the development of other popular coins like the American Gold Eagle and Canadian Maple Leaf. Exports of the gold Krugerrand were crippled due to economic sanctions over South Africa's policy of apartheid. These sanctions were lifted after apartheid ended in 1994.|
|Why Buy?|| |
Gold Krugerrands are known around the world for their consistent weight and purity and have been a mainstay for gold investors for decades. Investors can buy gold Krugerrands in a variety of sizes to save for retirement, emergencies and protect the value of their savings.
Collectors can also purchase proof and commemorative issues of South African Krugerrand gold bullion coins.
|Gold Bullion Content||Contains 91.67% (22-karat) gold bullion with the remainder consisting of a copper alloy, which gives the gold Krugerrand its unique orange shine.|
|Other Specifications|| |
1 troy ounce Gold Krugerrand
1/2 troy ounce Gold Kruggerand
1/4 troy ounce Gold Krugerrand
1/10 troy ounce Gold Krugerrand
Learn more about South African Krugerrand gold bullion coins along with other precious metals investment options and how to manage your gold and silver bullion investments by reading more of the Buying Guide. If you have any questions or would like to buy gold Krugerrands for your portfolio, check out Provident Metals for current prices.