Tuesday, May 22, 2012

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

2009 1 10 Gold Krugerrand Government On Wheels Mint Mark NGC PF70
2009 1 10 Gold Krugerrand Government On Wheels Mint Mark NGC PF70
Paypal   US $749.99
1oz Fine Gold Krugerrand 1979
1oz Fine Gold Krugerrand 1979
Paypal   US $1,625.00
1oz Fine Gold Krugerrand 1982
1oz Fine Gold Krugerrand 1982
Paypal   US $1,629.00
1oz Fine Gold Krugerrand 1980
1oz Fine Gold Krugerrand 1980
Paypal   US $1,661.00
2000 GROUND ZERO KRUGERRAND 1 4 OZ GOLD 9 11 01 UNCIRCULATED
2000 GROUND ZERO KRUGERRAND 1 4 OZ GOLD 9 11 01 UNCIRCULATED
Paypal   US $439.99
VINTAGE 1980 FAUX KRUGERRAND MONEY CLIP FINE GOLD TONE
VINTAGE 1980 FAUX KRUGERRAND MONEY CLIP FINE GOLD TONE
Paypal   US $9.99
krugerrand replica pendant 18K GOLD OVERLAY NO CHAIN aa
krugerrand replica pendant 18K GOLD OVERLAY NO CHAIN aa
Paypal   US $12.87
Two 1OZ 1976 KRUGERRAND SOUTH AFRICA GOLD COINs one day only
Two 1OZ 1976 KRUGERRAND SOUTH AFRICA GOLD COINs one day only
Paypal   US $3,300.00
1978 South Africa Krugerrand 1 oz Gold Coin
1978 South Africa Krugerrand 1 oz Gold Coin
Paypal   US $1,675.00
1oz Gold Krugerrand 1979 Great Condition 1 oz One Troy Ounce
1oz Gold Krugerrand 1979 Great Condition 1 oz One Troy Ounce
Paypal   US $1,675.01
1978 Krugerrand mini gold coin South Africa Beautiful Uncirculated
1978 Krugerrand mini gold coin South Africa Beautiful Uncirculated
Paypal   US $.89
KRUGERRAND SOUTH AFRICA SA 999 24k GOLD CLAD TROY PROOF GEM COIN ART BAR
KRUGERRAND SOUTH AFRICA SA 999 24k GOLD CLAD TROY PROOF GEM COIN ART BAR
Paypal   US $5.95

Coin Resources