The Krugerrand was first minted in 1967 to help South Africa market its gold. It is produced by the Rand Refinery in Germiston, a city in the East Rand of Gauteneng in South Africa. The name itself is a combination of "Kruger" (a past president of South Africa) and "Rand", the South African currency. The Krugerrand is minted from a more durable copper-gold alloy often referred to as "crown's gold" because of its use in English gold sovereigns, among others. It is 91.67% (22 karat) gold and 8.33% copper. The total weight of the coin is 1.0909 troy ounces (33.93 grams) and is therefore still 1 ozt (31.1035g) of pure gold.
The Krugerrand is one of the most popular gold bullion coins in the world, having accounted for around 90% of the global gold coin by 1980. This coin is synonymous with quality and reliability.
These coins are discounted as they may be tarnished, scratched or visibly handled.
Weight and purity are guaranteed but year and condition are subject to availability.
This product is taxable in Canada.
|Otto Schultz (obverse), Coert Steynberg (reverse)|
|Bust of Paul Kruger and the words "SUID-AFRIKA·SOUTH AFRICA".|
|A Springbok Antelope with the mintage year on either side and the words "KRUGERRAND FYNGOUD 1 oz FINE GOLD".|
|32.6 x 32.6 x 2.5|