1 Ounce Gold Krugerrand (various years of issue)
- World-Famous: minted since 1967
- Robust Gold: thanks to copper alloy
- Famous Design: Kruger and springbok
- World-FamousTradable worldwide and valued as a medium of exchange
- Robust GoldCopper makes the coin scratch-resistant and highly durable
- Famous DesignFront President Paul Kruger, back South Africa's springbok
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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.
In every issue.
By its 50th anniversary in 2017, more than 60 million Krugerrands had been sold. Every Krugerrand carries this story forward, 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
· Bank quality · 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 (various years)
The 1 oz Gold Krugerrand coin is a genuine piece of history and a landmark of the gold coin world. As one of the most well-known and popular bullion coins, it is an excellent option for collectors and investors alike.
Product Details
- Special feature: The world's most popular gold bullion coin
- Investment purpose: inflation hedge, wealth preservation and crisis protection
- Design: The obverse features 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-gold 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 History Behind the Gold Krugerrand
The Gold Krugerrand has been a symbol of the fascination with gold as an investment product ever since it was first minted in 1967. Named after the South African politician Paul Kruger and the South African currency, the rand, the Krugerrand has a rich history and a unique character. It pays homage to South Africa's abundant gold production and has helped establish gold as an asset class.
A Stable Store of Value
Gold has proven itself as a stable store of value for over 6,000 years and is an effective inflation hedge. It is the oldest currency in the world and has never been worthless, as it possesses intrinsic value. Gold protects you from loss of purchasing power and offers protection against political and economic crises. In addition, gold contributes to the diversification of your portfolio, as it has a low correlation with other asset classes such as stocks and bonds.
Design and Minting
The 1 oz Gold Krugerrand coin is known for its iconic design. The obverse of the coin features a portrait of Paul Kruger, while the reverse shows South Africa's national animal, the springbok. The coin has a characteristic reddish tint created by a copper alloy, which makes it particularly scratch-resistant and robust.
Invest in the Gold Krugerrand
The 1 oz Gold Krugerrand coin is an excellent choice for investors looking to invest in gold. It not only offers effective inflation hedge and crisis protection, but also the potential for long-term value appreciation. Since it is tradable worldwide and can be used as a means of exchange, it offers high liquidity and flexibility. Invest in the 1 oz Gold Krugerrand coin today and secure a piece of history and a stable store of value.
Conclusion
Whether you are an experienced investor or a beginner, the 1 oz Gold Krugerrand coin is an excellent choice for your investment strategy. With its rich history, iconic design and role as a stable store of value, it offers a wide range of benefits for investors. Invest in gold today and secure effective inflation hedge and crisis protection.
Product depiction may differ from the final product.
