South African Gold Krugerrands

South African Gold Krugerrands
Published On 7/2/2013 12:00:00 AM

The South African Krugerrand is the most famous gold coin in the world, and is known for its low premium over spot price and easy liquidity. At one point, Krugerrands accounted for 90% of all gold coin sales worldwide.

The Krugerrand is made of 22K crown gold, containing 1 troy oz of gold and 0.09 oz of copper. Introduced in 1967., the Krugerrand was the world's first gold bullion coin, and the first coin minted to contain exactly 1 troy oz of gold.

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