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-half ounce Krugrerrand was introduced a few years later.
COMPOSITION AND DESIGN
Krugerrands gold coins are designed to be durable. The gold is alloyed with copper to add
– the gold purity is 22k or 91.67%. However, each coin is marked with its net gold weight of 1/2 troy oz. The gross weight of the coin, including the copper, is approximately 0.54 troy ozs.
This South African coin’s coloration is a slightly darker shade than pure gold coins or coins, such as the American Eagle, which are alloyed with silver. Each half-ounce coin weighs 16.97 grams (consisting of 15.55 grams pure gold and 1.23 grams copper). The South African Krugerrand coin value is determined by its gold content plus a premium that is dictated by market conditions. (1/2 oz krugerrand)
The coin’s name is a combination derived from the last name of South Africa’s first Boer president, Paul Kruger, and the name of the South African currency, the rand.
Paul Kruger (obverse) – The coin features Paul Kruger, the first President of the Republic of South Africa from 1883-1900, on the obverse of the coin.
The springbok, an African antelope species and 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. (1/2 oz krugerrand)
Investors looking to buy or sell the Krugerrand online or over the phone should call Money Metals Exchange directly at 1-800-800-1865 to inquire about Krugerrand Gold coins pricing 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. (1/2 oz krugerrand)