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




2017 South Africa Silver Krugerrand NGC SP70 FIRST DAY OF ISSUE fast shipping
2017 South Africa Silver Krugerrand NGC SP70 FIRST DAY OF ISSUE fast shipping
$227.50 (38 Bids)
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2017 South African Silver Krugerrand SP70 50th Anniversary 1 OF 250 EDITION
2017 South African Silver Krugerrand SP70 50th Anniversary 1 OF 250 EDITION
$105.50 (10 Bids)
Time Remaining: 1h 56m

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1980 South Africa African 1oz Gold Coin Krugerrand One Ounce
1980 South Africa African 1oz Gold Coin Krugerrand One Ounce
$1,350.00
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2017 Silver Krugerrand Premium Uncirculated 50th Ann FIRST EVER SILVER KRUGERRAN
2017 Silver Krugerrand Premium Uncirculated 50th Ann FIRST EVER SILVER KRUGERRAN
$47.00 (9 Bids)
Time Remaining: 2h

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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
$235.00
Time Remaining: 4h 46m
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2009 South Africa 4 Coin Gold Krugerrand Proof Set PF 69 NGC PA Lot 20161715
2009 South Africa 4 Coin Gold Krugerrand Proof Set PF 69 NGC PA Lot 20161715
$30.00
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2011 South Africa 1 oz Gold Krugerrand PAPPS20008 Lot 20161446
2011 South Africa 1 oz Gold Krugerrand PAPPS20008 Lot 20161446
$30.00
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South African Gold Krugerrand Ring
South African Gold Krugerrand Ring
$525.00
Time Remaining: 9h 6m
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2017 Silver Krugerrand 1 Ounce Silver NGC SP70 FIRST DAY ISSUE White
2017 Silver Krugerrand 1 Ounce Silver NGC SP70 FIRST DAY ISSUE White
$349.95
Time Remaining: 9h 28m
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1981 South African Krugerrand Coin 1 4oz Fine Gold in 14k Yellow Gold Pendant
1981 South African Krugerrand Coin 1 4oz Fine Gold in 14k Yellow Gold Pendant
$515.00
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1975 South Africa 1 oz Gold Krugerrand Gem Unc PCGS WTC SKU 102419
1975 South Africa 1 oz Gold Krugerrand Gem Unc PCGS WTC SKU 102419
$1,660.52
Time Remaining: 12h 54m
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1984 1 10 South African Gold Krugerrand Post Earrings in 14K Gold Bezels 87g
1984 1 10 South African Gold Krugerrand Post Earrings in 14K Gold Bezels 87g
$475.00
Time Remaining: 14h 14m
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Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images