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South African Krugerrand

The Krugerrand - A brief History

The South African Krugerrand is a popular gold coin and one you should consider as a gold investment. Produced by the South African Mint beginning in 1967, this coin is the "original" one Troy ounce gold bullion coin.

When private ownership of gold became legal again for U. S. citizens in 1975, the Krugerrand was a best seller. This continued until Canada introduced the pure gold Maple Leaf in 1979 which then became the best selling gold bullion coin. 

A setback occurred for this gold bullion coin when, in 1984, the U.S. Congress banned their importation as part of an anti-South African boycott. When South Africa lifted apartheid in 1994, the Krugerrand regained respectability but by then another competitor was firmly established. The American Gold Eagle, first minted in 1986, became the most popular gold bullion coin in the U. S. and internationally.

Despite these setbacks, South African Krugerrands are as internationally recognized and accepted today as the Gold American Eagle and the Canadian Gold Maple Leaf. There are a reported 54,000,000+ floating around the world.


The Krugerrand - Facts and Details

Krugerrand - Obverse ViewKrugerrand - Reverse ViewThe Krugerrand gets its name from Paul Kruger, the last president of the Republic of South Africa, and the "rand", the monetary unit of South Africa (you may see this coin spelled Kruggerand but that is incorrect). The obverse side of the coin has the image of Paul Kruger. The reverse image is that of a springbok antelope, one of South Africa's national symbols.

Krugerrands come in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes. They are alloyed with copper making them more durable and scratch-resistant than pure gold coins. Here are more details on their gold content, purity/fineness, Gross Troy weight, Net Troy (gold) weight and grams.

South African Krugerrands

One ounce    1.0000 oz.gold, 9167 purity,1.0917 Gross Wt.,1.0000 Net Wt. 31.1034 grams
Half-ounce      .5000 oz.gold, .9167 purity, .5454 Gross Wt., .5000 Net Wt., 15.5517 grams
Quarter-ounce .2500 oz.gold, .9167 purity, .2727 Gross Wt., .2500 Net Wt.,  7.7758 grams
Tenth-ounce   .1000 oz.gold, .9167 purity, .1090 Gross Wt., .1000 Net Wt., 3.1103 grams

Until recently, Krugerrands were about the lowest-cost way of buying/owning gold bullion coins. With gold again enjoying a healthy demand, the premiums over spot gold are near those of the Maple Leaf and American Eagle. You still may find fractional Krugerrands (less than one ounce) at slightly lower premiums than other popular fractional gold coins.

More Information On Krugerrands

For your convenience, I have included a sampling of Krugerrands available on Amazon. You might be able to pick up some of these widely accepted coins at a fair price. Be aware I receive a small compensation if you buy coins through this site which does not result in you paying more. Click on "Go" to see a larger selection.

 



Disclaimer: I have made every reasonable effort to produce an informative and helpful article on South African Krugerrands based on my research and experiences. However, I make no representation or warranties of any kind with regard to its completeness, accuracy or suitability for any specific situation or purpose. See Terms and Conditions for more info.




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