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- Globally renowned: minted since 1967
- Famous design: Kruger and Springbok
- Durable alloy: thanks to copper content
- Globally renownedThe first gold coin minted specifically as an investment
- Famous designShows President Paul Kruger and the national Springbok
- Durable alloyCopper makes it durable with a reddish gold tone
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shareKrugerrand · 2017 Issue
The leap that began in 1967.
You are looking at the side with the springbok.
Gold for the hands of ordinary people.
In the late 1960s, around three quarters of the western world’s gold came from South Africa. The Chamber of Mines wanted ordinary people, too, to be able to own gold.
With the Krugerrand, a new kind of coin came into being for this purpose: exactly one ounce of fine gold, with no face value struck on it. Its value was meant to come directly from the gold it contains.
6,012,293
Krugerrand bullion coins were issued in 1978 alone, 187 tonnes of gold in all.
A leap through history
1886
Gold on the Witwatersrand
On the Witwatersrand, the ridge of white water, rich gold deposits are discovered. South Africa’s currency is also named after it: the rand.
1947
The springbok
The sculptor Coert Steynberg draws his springbok in 1946 and 1947. It first appears in 1947 on the 5-shilling coin marking the visit of the British royal family.
1967
The first Krugerrand
On 3 July, commissioned by the South African Reserve Bank and the Chamber of Mines, the South African Mint strikes the first Krugerrand.
1980
Smaller sizes
The half ounce, the quarter ounce and the tenth ounce are added so that smaller sums can also be invested in gold.
2017
Fifty years
For the anniversary, the first silver Krugerrand appears, along with the 1/20 and 1/50 ounce in gold. For these coins, the designers go back to the original wax models and designs.
The motif
The springbok and the president
- The springbok
- South Africa’s national animal in mid-leap. The springbok owes its name to its characteristic leaps. It was designed by the sculptor Coert Steynberg.
- The aloe
- The motif includes an Aloe claviflora, one of South Africa’s best-known aloes. It grows in the dry interior of the country, where the springbok is also at home.
- Fyngoud
- Below the springbok is the fine gold content, framed by FYNGOUD in Afrikaans and FINE GOLD in English. Fyngoud means fine gold.
- Paul Kruger
- The other side shows Paul Kruger in profile. In 1883 he became president of the South African Republic, also known as the Transvaal. The portrait was created by the die engraver Otto Schultz. According to the South African Mint, it goes back to the Kruger half-crown of 1892.
- The name
- Krugerrand combines the name Kruger with the rand, South Africa’s currency.
The alloy
Eleven parts gold, one part copper
The Krugerrand is made of 22-carat gold: eleven twelfths fine gold and one twelfth copper. The copper makes the coin harder and more resistant to scratches. It also gives the coin its warm, reddish sheen.
Every coin contains its full weight in fine gold, and the copper is added on top. That is why the one-ounce coin weighs 33.93 grams and yet contains exactly one ounce of fine gold.
The South African Mint produces the bullion coins together with the Rand Refinery. The refinery in Germiston was founded in 1920 so that South Africa’s gold no longer had to be shipped to London for refining. There, refined gold is cast into strips, rolled and punched into coin blanks.
The same leap since 1967.
This issue too.
By its 50th anniversary in 2017, more than 60 million Krugerrands had been sold. The 2017 issue is part of this story, and the story goes on, in your hand and perhaps one day in the hand of someone you pass it on to.
3.11 g fine gold · 916.67/1,000
· Brilliant uncirculated · Coin capsule
Issuing country: South Africa. The South African Mint is a wholly owned subsidiary of the South African Reserve Bank.
1/10 oz Gold Krugerrand 2017: A Piece of South African History
- Special feature: World's most popular gold bullion coin
- Investment goal: Inflation hedge, wealth preservation and crisis protection
- Design: The obverse depicts Paul Kruger, who was President of the South African Republic from 1883-1902. The reverse shows South Africa's national animal, the springbok.
- Named after: Paul Kruger and the rand, South Africa's legal tender since 1961
- Material / fineness: The Krugerrand is made of gold with a fineness of 916.67/1,000. The remaining portion consists of copper, which gives the coin its characteristic reddish-golden color and makes it more durable.
- Manufacturer: The coin is produced by the renowned Rand Refinery in South Africa.
- Country of origin: South Africa since 1967
The 1/10 oz Gold Krugerrand 2017 is a fascinating gold coin that was minted in 2017 by the renowned Rand Refinery in South Africa. As part of the famous Krugerrand series, it stands for quality, tradition and wealth preservation. With a fine weight of 3.11 g, a diameter of 16.00 mm and a fineness of 916.67/1,000, it is an ideal investment product and at the same time a piece of South African history.
The History of Gold Krugerrand Coins
The Gold Krugerrand coins were first introduced in South Africa in 1967 and are named after Paul Kruger, the former President of the South African Republic, and the South African currency unit, the rand. They were the first gold coins to be minted specifically as an investment product and have since secured a firm place in the international precious metals market.
Why Buy the 1/10 oz Gold Krugerrand 2017?
Gold coins such as the Krugerrand are not only a safe investment but also an ideal medium of exchange in times of crisis. They are known and accepted worldwide, making them an ideal inflation hedge. Furthermore, profits from the sale of gold are tax-free after a minimum holding period of one year.
Design and Minting
The 1/10 oz Gold Krugerrand 2017 captivates with its unique design. The obverse features a portrait of Paul Kruger, while the reverse depicts South Africa's national animal, the springbok. The coin has no face value stamped on it, but it is official legal tender in South Africa. The coin is delivered in a coin capsule and is in Brilliant Uncirculated (BU) condition.
Gold: The Oldest and Most Stable Medium of Exchange in the World
For over 6,000 years, gold has served as a stable and proven store of value. It offers protection against loss of purchasing power and is tradable worldwide. Gold has an intrinsic value and is recognized as currency worldwide. It is a scarce commodity with limited supply, which leads to long-term value stability. In addition, gold is exempt from VAT.
Conclusion
The 1/10 oz Gold Krugerrand 2017 is an excellent choice for investors and collectors alike. It not only offers an attractive opportunity to invest in precious metals, but is also a piece of South African history that you can hold in your hands.
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