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 hardness – 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)
The gold Krugerrand is one of the most widely traded gold coins available to buy, with sales of over 50 million ounces since inception.
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)