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




3 oz 50th Anniversary Krugerrand 1 oz + 2 oz Fine Silver Set South Africa 2017
3 oz 50th Anniversary Krugerrand 1 oz + 2 oz Fine Silver Set South Africa 2017
$249.00
Time Remaining: 44m

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2018 SOUTH AFRICA 1 OZ SILVER KRUGERRAND BU 999 FINE
2018 SOUTH AFRICA 1 OZ SILVER KRUGERRAND BU 999 FINE
$19.50 (7 Bids)
Time Remaining: 1h 7m

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2018 South Africa Krugerrand 24K Gold Gilded 1 Troy Oz 999 Fine Silver Coin
2018 South Africa Krugerrand 24K Gold Gilded 1 Troy Oz 999 Fine Silver Coin
$30.76 (16 Bids)
Time Remaining: 1h 42m

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2018 South Africa 1 oz Silver Krugerrand NGC MS70 FDOI HARBUZ PRESALE 8 23 18
2018 South Africa 1 oz Silver Krugerrand NGC MS70 FDOI HARBUZ PRESALE 8 23 18
$199.00
Time Remaining: 2h 26m
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Krugerrand Commemorative 1967 1986 Round 1 oz999 Fine Silver New
Krugerrand Commemorative 1967 1986 Round 1 oz999 Fine Silver New
$21.38 (12 Bids)
Time Remaining: 2h 32m

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1981 Krugerrand 1 4 oz Fine Gold Uncirculated South Africa Gold Coin
1981 Krugerrand 1 4 oz Fine Gold Uncirculated South Africa Gold Coin
$424.99
Time Remaining: 3h 18m

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2017 SOUTH AFRICA 1 OZ SILVER KRUGERRAND 999 FINE BU
2017 SOUTH AFRICA 1 OZ SILVER KRUGERRAND 999 FINE BU
$62.99
Time Remaining: 4h 21m
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Gold Plated KRUGERRAND Ornaments Souvenir Coin Favorite Badge Gift Home Decor
Gold Plated KRUGERRAND Ornaments Souvenir Coin Favorite Badge Gift Home Decor
$3.08
Time Remaining: 4h 27m
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50th Anniversary Krugerrand South Africa 1 oz Silver 2017 Proof
50th Anniversary Krugerrand South Africa 1 oz Silver 2017 Proof
$329.95
Time Remaining: 6h 30m
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473012 Coin South Africa Krugerrand 1975 MS63 Gold KM73
473012 Coin South Africa Krugerrand 1975 MS63 Gold KM73
$1,662.91
Time Remaining: 10h 13m
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473011 Coin South Africa Krugerrand 1982 MS65 70 Gold KM73
473011 Coin South Africa Krugerrand 1982 MS65 70 Gold KM73
$1,755.00
Time Remaining: 10h 30m
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473011 Coin South Africa Krugerrand 1982 MS65 70 Gold KM73
473011 Coin South Africa Krugerrand 1982 MS65 70 Gold KM73
$1,650.68
Time Remaining: 12h 14m
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Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images