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




Hallmarked 9ct Yellow Gold Krugerrand 1985 Ring 8g Size N1 2 0
Hallmarked 9ct Yellow Gold Krugerrand 1985 Ring 8g Size N1 2 0
$548.82
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2020 1 oz Silver Kruger Rand South Africa beautiful burnished silver 999
2020 1 oz Silver Kruger Rand South Africa beautiful burnished silver 999
$30.00
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Bugle American 1976 Milwaukee Wisconsin Underground Newspaper Krugerrand Gold
Bugle American 1976 Milwaukee Wisconsin Underground Newspaper Krugerrand Gold
$6.99
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1980 South Africa 1 4 oz Gold Krugerrand w capsule
1980 South Africa 1 4 oz Gold Krugerrand w capsule
$525.00
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Hard Rock Cafe Pin New York Krugerrand South African coin hat lapel logo 3d deer
Hard Rock Cafe Pin New York Krugerrand South African coin hat lapel logo 3d deer
$10.55
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x9 COIN BUNDLE  x3 Maximilian x3 Saint Gaudens x3 Krugerrand Gold Coin Lot MINI
x9 COIN BUNDLE x3 Maximilian x3 Saint Gaudens x3 Krugerrand Gold Coin Lot MINI
$39.95
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2017 50th Anniversary South Africa Silver Krugerrand NGC SP70 Early Releases
2017 50th Anniversary South Africa Silver Krugerrand NGC SP70 Early Releases
$42.00 (11 Bids)
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1997 KRUGERRAND PROOF SET 30th ANNIVERSARY 4 COIN 185oz 98b
1997 KRUGERRAND PROOF SET 30th ANNIVERSARY 4 COIN 185oz 98b
$4,175.00
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9ct Yellow Full Sovereign 1 4 Krugerrand Scroll Top Coin Mount Holder FM62L
9ct Yellow Full Sovereign 1 4 Krugerrand Scroll Top Coin Mount Holder FM62L
$67.89
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Beautiful Blue Flame Skull on a 2018 Krugerrand 1oz Silver 24kt Gilded Coin
Beautiful Blue Flame Skull on a 2018 Krugerrand 1oz Silver 24kt Gilded Coin
$58.97
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2017 South Africa 1 oz Platinum Krugerrand PF 69 NGC SKU156502
2017 South Africa 1 oz Platinum Krugerrand PF 69 NGC SKU156502
$3,293.94
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Beautiful Space Blue Blue Flame Skull on 2018 Krugerrand 1oz Silver Coin
Beautiful Space Blue Blue Flame Skull on 2018 Krugerrand 1oz Silver Coin
$56.97
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Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images