South African Krugerrand Gold Bullion Coin

South African Krugerrand Gold Bullion Coin - click on image to enlarge
South African Krugerrand Gold Bullion Coin - click on image to enlarge

General Coin Information

The South African Krugerrand Gold Coin is the world's first gold bullion coin struck for investment purposes. The 22-karat gold coins were first minted in 1967, but were conceived in 1964 according to the South African Mint. It is believed to be the most widely owned bullion coin in the world.

Today, investors and collectors often identify the coin simply as the "Krugerrand." The name is actually derived from combining "Kruger", an early (1883-1900) and very popular President of the South African Republic, and "rand," which is the currency of South Africa (just as the pound is to the UK, the dollar to the US and the Euro to member nations of the European Union.)

The Krugerrand is unique in that it does not carry a face value like most bullion coins. From 1967-1979, it was struck in just the 1 oz size. While the coin's gross weight is slightly more than an ounce, its gold content is exactly one ounce, making it easy for trading. That standard was later replicated in other precious metal coins from around the world. Since 1980 and up through to today, the Krugerrand is minted in fractional sizes of 1 oz, 1/2 oz, 1/4 oz and 1/10 oz.

Although not as popular worldwide, the South African Mint also produces a collector proof gold version. No official silver versions are minted.

Obverse Design

The obverse or heads side of the Krugerrand depicts Paul Kruger, who faces left and is surrounded by the arked inscriptions "SUID-AFRIKA" and "SOUTH AFRICA", which is the name of his nation in Afrikaans and in English.

Reverse Design

The reverse or tails side of the bullion coin features a prancing Springbok, which is a South African antelope and famous national symbol. Inscriptions included are "KRUGERRAND" the year of mintage, and the words "FYNGOUD", "1 OZ" and "FINE GOLD".

South African Krugerrand Coin Specifications

   
   Mint: South African Mint Company
   Mintmark: N/A
   Finish/Condition: BU
   Metal Content: 91.667% gold, 8.333% copper (22-karat)
   Weight: 33.931 grams; 16.966 grams; 8.483 grams; 3.393 grams
   Diameter: 32.70 mm; 27.00 mm; 22.00 mm; 16.50 mm
   Thickness: 2.79 mm; 2.12 mm; 1.84 mm; 1.30 mm
   Edge: Reeded
   Issue Date: 1967 - current
   Mintage Limit: Demand driven
   Face Value: None
   Obverse Designer: O. Schultz
   Reverse Designer: C.L. Steynberg

South African Krugerrand Gold Coin Auctions




472224 Coin South Africa 1 4 Krugerrand 1982 MS60 62 Gold KM106
472224 Coin South Africa 1 4 Krugerrand 1982 MS60 62 Gold KM106
$455.00
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2017 South Africa 1 Rand NGC SP70 First Day Of Issue KRUGERRAND 1st Year Silver
2017 South Africa 1 Rand NGC SP70 First Day Of Issue KRUGERRAND 1st Year Silver
$174.95
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2018 South Africa 1 oz Gold Krugerrand BU
2018 South Africa 1 oz Gold Krugerrand BU
$1,464.99
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1 10th Krugerrand pendent 1982
1 10th Krugerrand pendent 1982
$400.17
Time Remaining: 4h 39m
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1994 1 10oz KRUGERRAND SOUTH AFRICA FINE GOLD COIN w 14K FRAME CHARM PENDANT
1994 1 10oz KRUGERRAND SOUTH AFRICA FINE GOLD COIN w 14K FRAME CHARM PENDANT
$398.98
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Unisex Hallmarked 9ct Yellow Gold Krugerrand 1985 1 10 Pendant And 20 Chain
Unisex Hallmarked 9ct Yellow Gold Krugerrand 1985 1 10 Pendant And 20 Chain
$315.92
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Ring Gold 9ct with one tenth Krugerrand Gold coin EF 1994 Not Scrap
Ring Gold 9ct with one tenth Krugerrand Gold coin EF 1994 Not Scrap
$315.92
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9ct YELLOW GOLD 1 10TH KRUGERRAND PENDANT MOUNT
9ct YELLOW GOLD 1 10TH KRUGERRAND PENDANT MOUNT
$133.39
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HGE KRUGERRAND MINI GOLD COIN 1978  NOT LEGAL TENDER
HGE KRUGERRAND MINI GOLD COIN 1978 NOT LEGAL TENDER
$6.99
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9Carat Yellow Gold 1 10th Krugerrand Mount Brooch 17x46mm
9Carat Yellow Gold 1 10th Krugerrand Mount Brooch 17x46mm
$139.01
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1980 SOUTH AFRICAN KRUGERRAND 1 OZ FINE GOLD COIN
1980 SOUTH AFRICAN KRUGERRAND 1 OZ FINE GOLD COIN
$1,400.00
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2017 South Africa Krugerrand 1 20 oz Gold 50th Anniversary Privy Proof Coin
2017 South Africa Krugerrand 1 20 oz Gold 50th Anniversary Privy Proof Coin
$188.95
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Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images