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




Krugerrand Cufflinks 14kt Yellow Gold
Krugerrand Cufflinks 14kt Yellow Gold
$695.00
Time Remaining: 1h 4m
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2017 South Africa 1 oz Silver Krugerrand PR 69 PCGS SKU 153016
2017 South Africa 1 oz Silver Krugerrand PR 69 PCGS SKU 153016
$385.41
Time Remaining: 1h 14m
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South Africa 45th Anniversary of the Krugerrand Proof Gold Coin
South Africa 45th Anniversary of the Krugerrand Proof Gold Coin
$3,679.95
Time Remaining: 2h 15m
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1977 South Africa Suid Afrika Fyngoud 1 oz Fine Gold Krugerrand Beautiful Coin
1977 South Africa Suid Afrika Fyngoud 1 oz Fine Gold Krugerrand Beautiful Coin
$1,335.00
Time Remaining: 2h 32m

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1 10 Krugerrand Coin Set In Beautiful 9ct Mount
1 10 Krugerrand Coin Set In Beautiful 9ct Mount
$356.10
Time Remaining: 2h 33m
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2017 1 oz 50th Anniversary Privy South African Gold Krugerrand Coin
2017 1 oz 50th Anniversary Privy South African Gold Krugerrand Coin
$1,380.57
Time Remaining: 2h 35m
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2000 South Africa 1 oz Proof Gold Krugerrand SKU 44095
2000 South Africa 1 oz Proof Gold Krugerrand SKU 44095
$1,512.60
Time Remaining: 3h 27m
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1 oz Fine Gold 1978 South African Krugerrand Coin
1 oz Fine Gold 1978 South African Krugerrand Coin
$1,235.00 (5 Bids)
Time Remaining: 5h 9m

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1977 South Africa 1 oz Gold Krugerrand
1977 South Africa 1 oz Gold Krugerrand
$1,425.00
Time Remaining: 6h 12m

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2015 South Africa 1 4 oz Proof Gold Krugerrand SKU 97940
2015 South Africa 1 4 oz Proof Gold Krugerrand SKU 97940
$520.82
Time Remaining: 6h 54m
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1979 South Africa 1 oz Gold Krugerrand MS 67 PCGS SKU 114762
1979 South Africa 1 oz Gold Krugerrand MS 67 PCGS SKU 114762
$1,496.97
Time Remaining: 6h 54m
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2015 South Africa 1 10 oz Proof Gold Krugerrand SKU 97943
2015 South Africa 1 10 oz Proof Gold Krugerrand SKU 97943
$239.57
Time Remaining: 6h 54m
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Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images