Gold South African Krugerrand

Gold Bullion Coins - Gold American Eagle

The gold coin was introduced in 1967. It was intended to circulate as currency, so it was minted in a more durable gold allow (unlike most gold bullion coins).

Sanction against South Africa made the Kruggerand an illegal import in many Western countries during the 1970s and 80s. The sanction ended with the cease of apartheid in 1994.

By 1980, the gold coin was for about 90% of the gold market. The rich success of the South African Krugerrand inspired other gold-producing nations to mint their own gold bullion coins.

The gold coin contains one troy ounce of gold with the remaining weight being comprised of copper (giving the gold coin an orange appearance). Copper-alloyed coins are harder and more durable, which enables them to resist scratches and dents.

The gold coin is named such due to the coin bearing the visage of Paul Kruger, four-term president of the old, South African Republic. The reverse side features a springbok (a national symbol of South Africa).

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