1 oz South African Gold Krugerrand - Random Dates
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- The Original Gold Bullion Coin
- Made Famous by 1970s-era James Bond Movies
- First Coin to Specifically Contain 1 oz of Gold
Buy 1 oz South African Gold Krugerrand - Random Dates
How To Buy 1 oz Gold Krugerrands
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What Are Gold Krugerrands
The Krugerrand was first introduced by the South African government in 1967. In the five decades since, it has set the standard model for a gold international trade coin. All of today's modern bullion coin series from other state mints are patterned after the -- tremendously successful -- experiment of the Krugerrand.
No other government-issued gold bullion coin has enjoyed the same level of sustained success and popularity as South Africa's Gold Krugerrand.
Gold Krugerrand Specifications
Krugerrands bear an edge design that uses a reeded (also known as serrated) pattern. The three fractional sizes of the Krugerrand that have been issued by the Rand Refinery (in partnership with South Africa's state mint) since 1980, which measure 1/10 oz, 1/4 oz, and 1/2 oz, each have a slightly different number of serrations.
Special collectible Krugerrands with a proof finish, which means that the coins exhibit mirrored fields and frosted relief devices, are given 220 serrations, the most of any variety in the series.
In terms of precious metal content, the standard-size Krugerrand contains one troy ounce of pure gold. It has a net weight of 33.93 grams.
Each Krugerrand coin, regardless of size, is struck from 22-karat gold, meaning it is .917 fine gold (91.7% pure gold). This alloy is known as "Crown gold." It is alloyed with copper to give the coins more durability. The combination of metals also creates the distinctive orange-gold hue that the Krugerrand is known for.
In other words, the Gold Krugerrand has the same amount of pure gold (1 troy oz) as other gold bullion coins that are .9999 fine, such as the Gold Maple Leaf from Canada. The only difference is that a Krugerrand will stand up to wear and handling better than a 24-karat gold coin. Gold of this high purity is much softer than the Crown gold alloy.
The 1 oz Gold Krugerrand has a maximum diameter of 32.77 mm across and a maximum thickness of 2.84 mm.
The South African Krugerrand: Reviving the International Trade of Physical Gold
One of the things that made the Krugerrand unique was its lack of a denomination. It has no legal tender face value, which means these coins are traded based on their weight as bullion alone (i.e. the melt value of their gold content).
The Distinguishing Features of the Gold Krugerrand
The name of the Krugerrand is a compound word derived from two sources that make perfect sense: 1) Paul Kruger, the "founding father" and president of the South African Republic (ZAR), who is pictured on the obverse of the coin; and 2) the rand, the name of the country's currency.
On the reverse design that was created by the artist Coert Steynberg, a type of antelope native to South Africa known as the springbok is shown prancing along to the right. It divides the four digits of the year-date, with two numbers appearing on either side of the animal. "KRUGERRAND" stretches across the top half of the rim. The bottom rim includes the inscription "FYNGOLD 1 OZ FINE GOLD," using both English and the national language, Afrikaans.
The same is true of the obverse inscription: It reads "SUID-AFRIKA" and "SOUTH AFRICA" across the outer rim, using both languages. Afrikaans was derived from Dutch, as many of the original European settlers in the country were from the Netherlands. Afrikaans shares a syncretistic or "creolized" relationship with other dialects native to Africa. Incredibly, it is just one (along with English) out of eleven official languages spoken in South Africa.
The springbok is used elsewhere as a national symbol, serving as the mascot for the country's popular national rugby team. Kruger's portrait on the obverse was created by Otto Schultz, with small adaptations made by engraver Tommy Sasseen from the original image by Schultz.
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Gainesville Coins offers these 1 oz South African Gold Krugerrand coins (Random Date) for the lowest premium over spot that you will find anywhere.
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