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- Globally in demand: recognized everywhere
- Famous design: unchanged since 1967
- Durable: thanks to copper content
- Globally in demandEasy to sell internationally thanks to high recognition
- Famous designPresident Paul Kruger and South Africa's national animal
- DurableThe copper content gives the typical reddish gold tone
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shareKrugerrand · 2023 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 2023 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.
31.1 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 oz Gold Krugerrand 2023: The Ultimate Gold Investment
The 1 oz Gold Krugerrand 2023 is no ordinary investment product. It is the latest edition of one of the world's most well-known and popular gold coins and a safe haven for investors seeking protection from inflation and crises in uncertain times.
A Look at Its Special Features
- The World's Most Popular Gold Bullion Coin: The Krugerrand is a global favorite among investors and collectors alike. Its popularity is undisputed, making it an excellent choice for any investment strategy.
- Investment Purpose: The Krugerrand is more than just a coin. It is a symbol of inflation hedging, value preservation, and crisis resilience. An investment in the Krugerrand is an investment in a secure future.
- Design: The obverse depicts Paul Kruger, who served as President of the South African Republic from 1883 to 1902. The reverse features South Africa's national animal, the springbok. This gives the coin a unique and recognizable character.
- 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-gold color and makes it more durable.
- Manufacturer: The coin is produced by the renowned Rand Refinery in South Africa, known for its quality and precision.
- Country of Origin: Since its first minting in 1967, the Krugerrand has been a proud product of South Africa.
Why Gold?
There are many reasons why investors choose gold. As a stable and proven store of value for over 6,000 years, gold has never reached a value of zero. It offers protection against loss of purchasing power and serves as a hedge against inflation and currency risks. In addition, gold has intrinsic value and is recognized as currency worldwide. It is tradable globally and can be used as a medium of exchange, making it an ideal investment option.
The Krugerrand: A Classic Among Gold Coins
The 1 oz Gold Krugerrand 2023 is a bullion coin and is considered one of the classics among gold coins. It has a diameter of 32.60 mm and weighs 31.10 g. With a fineness of 916.67/1,000 and an additional copper content of 2.83 g, the coin gets its characteristic reddish-gold color.
The design of the Krugerrand has remained unchanged since its first minting in 1967. The Krugerrand is considered the most successful bullion coin on the continent and has remained well-known and important despite phases such as the US embargo.
The coin is often purchased as part of a gold investment package and, due to its high level of recognition, is easy to sell internationally. It is suitable both for investors focused on gold and for those with mixed portfolios.
Conclusion
Whether you are an experienced investor or a newcomer to the field of precious metals, the 1 oz Gold Krugerrand 2023 is a valuable addition to any investment strategy. With its combination of history, quality, and popularity, it is a safe choice for anyone looking to invest in a crisis-proof "currency."
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