For the Ian McNabb album, see Ian McNabb discography § Krugerrands.
South African gold coin
Krugerrand
South Africa
Value
1 troy oz. fine gold
Mass
33.93 g (1.09 troy oz)
Diameter
32.77 mm (1.28 in)
Thickness
2.84 mm (0.11 in)
Composition
Gold (91.67% Au, 8.33% Cu)
Years of minting
1967–present
Obverse
Design
1892 by Otto Schultz – Profile of Paul Kruger with "SUID‑AFRIKA · SOUTH AFRICA" in the legend
Reverse
Design
1947 by Coert Steynberg – A pronking springbok antelope with the mint date in the field. The legend is inscribed with "KRUGERRAND" and the gold weight.
The Krugerrand (/ˈkruːɡərænd/;[1]Afrikaans:[ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.[2][3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal.
By 1980, the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.[4][5]
Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989.[6]
In 2017, the Rand Refinery began minting silver versions with the same overall design as the gold coin.[7]
^"Krugerrand - definition". Dictionary.com, LLC. Retrieved 11 August 2012.
^"Products". Rand Refinery. Archived from the original on 29 May 2020. Retrieved 19 April 2019. produced by Rand Refinery and the SA Mint
^"Bullion". The South African Mint Company. Retrieved 19 April 2019. The South African Mint Company manufactures Proof Krugerrands, and jointly manufactures the Bullion Krugerrand with Rand Refinery.
^Bob Secter (02 Oct 1985) Reagan Bans Imports of S. Africa Krugerrand, The Los Angeles Times, accessed 28 June 2018
^Staff, Robin Foster of The Sentinel (10 September 1985). "KRUGERRAND LUSTER DIM FOR LOCAL COLLECTORS". OrlandoSentinel.com. Retrieved 1 May 2020.
^17 (2) (a) "[...] the value of each gold coin so tendered shall be equal to the net amount at which the bank is prepared to purchase that gold coin on the day of such tender thereof […]" [1], South African Reserve Bank Act, 1989
^"The Silver Krugerrand has arrived" (PDF). Alchemist Issue 90. London Bullion Market Association. Retrieved 24 August 2019.
The Krugerrand (/ˈkruːɡərænd/; Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced...
50 years of the Krugerrand. The 2017 silver Krugerrand has a commemorative inscription on the reverse. Since 2018, the silver Krugerrand has been struck...
Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 91.7% gold by weight, with the remainder being silver and...
from circulation in the U.S. in 1933.[citation needed] The South African Krugerrand, first produced in 1967, is produced in the traditional crown gold recipe...
minted in 22k (0.92) metal in historical tradition, and the South African Krugerrand, first released in 1967, is also 22k (0.92). The special issue Canadian...
and the Krugerrand, minted by South Africa. While the Eagle and Sovereign coins have nominal (purely symbolic) face values, the Krugerrand does not....
President of South Africa, and namesake of Kruger House Kruger National Park Krugerrand Krugersdorp - town in Gauteng province Peter Krüger, or Peter Crüger (1580–1639)...
throughout the 20th century, such as the Maria Theresa thaler and the Krugerrand. Modern bullion coins generally do not enter common circulation despite...
denominations of 10, 20, 50, 100, and 200 rand. Financial rand Witwatersrand Krugerrand Coins of the South African rand South African pound Economy of South Africa...
commodity which is being used as money. Although some gold coins such as the Krugerrand are considered legal tender, there is no record of their face value on...
Soviet-backed revolution. He also urged his followers to buy up gold Krugerrands and push US "reinvestment" in South Africa. In 1985 he drew the ire of...
ounce-denominated gold coin, the Krugerrand, was struck at the South African Mint on 3 July 1967. The name Krugerrand was derived from Kruger (after president...
certain amount of weight of alloy, with the purity a local standard. The Krugerrand is the first modern example of measuring in "pure gold": it should contain...
History of the rupee Dam (Indian coin) Dam (Nepali coin) Nepalese mohar Krugerrand (South Africa) The 1835 double mohur, also called ashrafi, on average...
The magazine also reported the discovery of a fake South African gold Krugerrand which was in a counterfeit NGC slab with a hologram. Wikimedia Commons...
Mint from 1980 to 1984. They were sold to compete with the South African Krugerrand and other bullion coins. The series was proposed by North Carolina Senator...
Series". CoinWorld. 18 September 2018. Retrieved 4 June 2019. "Silver Krugerrand Adds Itself to the List of Silver Bullion Big Guns". AgAuNews. 16 July...
buyer for two years, before finally selling the video for €600,000 in Krugerrand coins to an organisation based in Germany. According to the research,...
they have been transporting an illegal shipment of gold in the form of Krugerrand coins from the Afrikaner apartheid government of South Africa. Later,...
(31 g) size being most popular and readily available.[citation needed] The Krugerrand is the most widely held gold bullion coin, with 46 million troy ounces...
Thirteen years later the South African Mint put his likeness on the Krugerrand, a gold bullion coin still produced and exported in the 21st century....
1979. At the time the only competing bullion coins being minted were the Krugerrand (which was not widely available because of the economic boycott of apartheid-era...
the 50th anniversary of the Miss South Africa pageant. And in 2017, the Krugerrand-studded dress that Kriel wore as her national costume in the 1974 Miss...
with a privvy-mark labelled "The Lost Hoard" proof 2019 1/10 gold oz Krugerrand. The second set comprises an 1893-1900 Lost Hoard Kruger full pond and...
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