|Actual Metal Weight:||1 ozt|
|Face Value:||1 Rand|
|Mint:||South African Mint|
|Obverse Designer:||Otto Schultz|
|Reverse Designer:||Coert L. Steynberg|
With over 60 million in circulation worldwide, the 1 oz South African Gold Krugerrand is considered to be one of the most widely acclaimed and traded bullion coins in the world. With a gold purity of 22-karats, the enhanced durability and strength helps this gold coin retain its original aesthetics.
South African Gold Krugerrands are produced at the Rand Refinery in Germiston South Africa, established by the Chamber of Mines in 1920. The Rand Refinery is the world’s largest integrated single-site smelting and refining complex in the world. It is important to note that the Rand Refinery is the only refinery in the world that is authorized through the South African Treasury and the Reserve Bank of South Africa to manufacture and supply the gold blanks for Krugerrands.
The Gold Krugerrand was designed by Otto Schultz in 1967. The obverse features the portrait of Boer Statesman Paul Kruger, who was a four-term President of the old South African Republic. “South Africa” is inscribed in both Afrikaans and English on the coin's face.
The reverse, designed by Coert Steynberg, features one of Africa’s national symbols, the Springbok. Inscribed to the top of the coin is the legend "Krugerrand", while to the bottom reads the gold content in both Afrikaans and English "Fyngoud 1 oz Fine Gold". The Springbok in mid run separates the mintage year "2012".
Developed solely for gold bullion trade and private ownership, the Krugerrand was strategically made in 1 oz. increments and of 22 karat gold with no face value on the coin, this was done with the idea that, although it is still considered legal tender its value would be more commonly linked to the spot price of gold. The Krugerrand is most noted for its low premium over gold spot price and its ease of liquidation internationally.
Stock photo only. Dates based on in stock inventory.