The South African Gold Krugerrand is comprised of both .9170 Gold and .0830 Copper. Copper was added to make the coin more durable and resistant to wear. Each coin has a total weight of 33.93 grams and consists of 31.1 grams of PURE GOLD.
The Gold Krugerrand was the first bullion gold coin to be minted in 1 oz and marketed for private ownership. The obverse of the coin displays Paul Kruger, the first African President, and the words "South Africa" and "Suid-Africa". The reverse displays a springbok, a national symbol of the African Republic, and the words "Fine Gold" and "FynGold".
The South African Krugerrand was first minted in 1967 by the South African Mint. In the 1980's the coin’s popularity accounted for 90% of the global coin market. The name krugerrand originates from two different sources combined to make the name. The first part Kruger is from the first Boer president of the South African Republic, and Rand is the name of the South African currency.
|Weight||1 Troy Ounce|
|Purity||.9167 Fine Gold|