|Actual Metal Weight:||0.5 ozt|
|Face Value:||1/2 Rand|
|Mint:||South African Mint|
The Gold South African Krugerrand is one of the world's first gold coins to be minted. First conceptualized in 1964, the coin was a means to allow the general public ownership of gold bullion. The South African Mint created the first Gold Krugerrand on July 3, 1967. These 1/2 oz South African Gold Krugerrands are 22 karat gold and contain 0.50 troy ounces of fine gold.
By the 1980s nearly 90% of the entire gold bullion coin market was made up of Krugerrands. The draw was that the coin's value was based solely on the current market value of gold, and therefore the coin did not carry a face value. The coins are, however, legal tender.
The obverse of this gold bullion coin features a profile of the first President of South Africa, Paul Kruger. The words "SUID-AFRIKA," "SOUTH AFRICA" are written around him. The reverse displays a Springbok, the famous symbol of South Africa, running in an open field. Flanking on either side is the year-date. Around the top are inscriptions of the weight and name of the coin.
*Coin date varies and is randomly chosen from available inventory.