The gold South African Krugerrand was first conceptualized in 1967 as a legal tender bullion coin marked only with its weight in gold. The coin was created as a means for the private ownership of South African gold bullion by the general public. The one-tenth ounce Krugrerrand was first minted at the South African Mint in 1980. (1/10 Krugerrand)
COMPOSITION AND DESIGN
The Krugerrand gold coin are designed to be durable and are therefore .9170, or 91.7% gold, with the remainder being copper. This South African coin also appears closer to an orange shade than coins alloyed with silver. Each one-ounce coin weighs 33.93 grams (consisting of 31.1 grams pure gold and 2.83 grams copper). The South African Krugerrand coin value is determined by its gold content plus a premium that is dictated by market conditions.
The South African gold coin gets its’ name from a combination of the first Boer president of the South African Republic, Paul Kruger, and the name of the South African currency, the rand.
Paul Kruger (obverse) – The coin features Paul Kruger, the former President of the old Republic of South Africa from 1883-1900, on the obverse of the coin. (1/10 krugerrand)
African antelope-gazelle (reverse) – The springbok, a famous national symbol of the South African Republic, is on the reverse. The words “South Africa” and “fine gold” are displayed in both English and Afrikaans. (
Investors looking to buy or sell the Krugerrand Gold coin online or over the phone should call Money Metals Exchange directly at 1-800-800-1865 to inquire about Krugerrand Gold coins value and availability and/or to place an order. You can also check out other popular gold bullion coins, like the popular American Eagle. The American Eagle comes in various sizes, the 1 oz gold Eagle being the most popular, so you will be able to find the right one to add to your stack.