Krugerrand Gold Coin

1 oz gold natura coins in 1994 the south african mint began the new gold natura series.

Krugerrand gold coin.

On the krugerrand gold coin the springbok seems to be jumping into action while president kruger is a reminder of 19th century south african political and military affairs. The krugerrand ˈ k r uː ɡ ə r æ n d. This 22 karat coin consists of one troy ounce of pure gold and carries with it the liquidity portability and allure a gold coin can offer. The gold krugerrand coin is made from 22 karat gold or 91 67 in pureness.

The name is a compound of paul kruger the former president of the south african republic depicted on the obverse and rand the south african unit of currency. They were launched for the first time in 1967 and conquered 90 of the precious metals market by 1980. More south african krugerrands have been purchased than all other 1 oz gold coins available on the market. Gold krugerrands are designed to be durable and are therefore 9170 or 91 7 gold with the remainder being copper.

The world s first gold bullion coin the first gold bullion coin in the world and a persistent favorite outside of the united states the krugerrand is generally one of the more affordable gold coins on the market and is recognizable for its unique hue and depiction of a springbok antelope. Gold south african krugerrand price charts. Each one ounce coin weighs 33 93 grams consisting of 31 1 grams pure gold and 2 83 grams copper. First minted in 1967 this coin accounted for 90 of the global gold coin market by 1980.

These popular gold coins also appears closer to an orange shade than coins alloyed with silver. Originally minted in 1967 this beautiful gold south african krugerrands coin comes from the south african mint. South african gold is world renowned and the krugerrand is the iconic south african coin. The wild success of the krugerrand inspired a host of other gold producing countries to issue gold bullion coins and ingots including the chinese gold panda coin and the canadian maple leaf coin.