The Gold Krugerrand was introduced in 1967 and was
designed to circulate as a medium of exchange in place of a
paper currency. The Krugerrand was minted in 22 Karat gold
instead of 24 Karat gold to make them more durable for
circulation and trade. Gold Krugerrands have no legal
face value - they are traded and priced solely on the spot
price of gold and current market premiums over spot. The
success of the Krugerrand inspired the minting of other
legal tender coins including the Canadian Gold Maple Leaf,
the Austrian Philharmonic, and the American Gold
Eagle. The Gold Krugerrand derives its name from two
sources: the first half of the name Krugerrand is named for
the Boer Statesmen Paul Kruger, a four-term president of the
South African Republic. The second half of the Krugerrand
name is derived from the monetary unit of South Africa, the
rand. The Gold Krugerrand is known for its elegant
design. The obverse design of the coin was based on Paul
Kruger, the four-term president of the South African
Republic. The reverse side of the Gold Krugerrand displays
the national symbol of South Africa, the Springbok, which
was designed by Coert Steynberg. The Gold Krugerrand
is 22 Karat gold with one ounce of gold content per coin.
Gold Kregerrands weigh 1.0909 ounces and have 2.826 grams of
copper alloy mixed in to give the Krugerrand more durability
and resistance from scratches or dents. If you are thinking about ordering gold coins or bars, but would like more information call our sales associates Monday-Friday 6:00 AM to 4:50 PM Pacific Time. at 1-888-319-8166. If you are outside the U.S. or Canada, call us at 001-310-566-0730. If you have a Skype call us at 307-459-0971. |
