The Krugerrand gold coin / bullion South Africa

Common

The most popular gold bullion coin in the world is colloquially called Krugerrand, which is spoken in most countries, however, Krugerrand. In 1967, Rand Refinery was the Mint in South Africa, the Krugerrand coin with a 1 ounces Fine on the market. Beginning in 1980, there was the 22 karat Analagemünze in a half, quarter and tenth ounce. It is named after the president of Transvall, Paul Kruger, and the region, "Witwatersrand", there was first discovered gold in 1886.

The inner part has not changed since the publication year. On the front, the President Transvall, Paul Kruger, and the slogan "South Africa - South Africa". On the back of an antelope is shown. Furthermore, in the year of issue coin and the inscription "Fyngoud 1 OZ Fine Gold" is represented. a nominal value does not exist on the Krugerrand. The actual face value is calculated daily at the Gold Fixing in London. However, the bullion coin of South Africa is regarded as the official currency funds.

Since the first year of issue 1967, the Krugerrand coin suffered some turbulent times. Even in 1978 the gold bullion coin reached a magnificent Produktionshoch of around 6 million 1 ounces Krugerrand coins. Then it came under pressure from the United States in Europe for a boycott of South African products. In all European countries, the importation of the Krugerrand was forbidden. However, not commerce and so many Swiss banks took advantage of the uncertainty of investors and shared South Africa's seemingly worthless against the Canadian Maple Leaf coins. That in turn brought a Produktionshoch for the Canadian Mint and a record low for the Krugerrand. Barely 8285 South African coins were minted 1995th Of this decline was the Krugerrand does not recover completely until now. Only in 1999, the import ban was aufgebhoben.

However, the Krugerrand coin in the investment market remains attractive, because it has only a 5% surcharge on the material value.

The Krugerrand coin is in mint mint Pretoria (South African Mint Company) and characterized the edge Rifinery in South Africa provides the blanks and distributes the coins.

Proof Version

The proof version of the Kruger border is marked only in small print runs. There are significant differences to the Krugerrand coin. Thus, the proof Krugerrand Ronde has a polished and a polished punch and since 1977 220 instead of 180 scores are forested. In addition, the bust of Capricorn and are matted. The coin collectors are also present in the Prestige Proof and Proof Set in 1, 1 / 2, 1 / 4 and 1 / 10 ounces. The premium version is the successor of the classic sets, has been expended dassvon 1986 to 1995. Given out in 1996, new edition is available in an elegant wooden box with velvet inlay.

Krugerrand 40th Anniversary Coin

Because of the 40th Anniversary in 2007, the SA Mint 40 Krugerrand coins with a Fine out of a kilo and 24-carat out. Differences in the coin are minted, left 1968, right 2007, and the lettering "1 Kg Fine Gold" and the 40th Anniversary logo coin. The issue price of the now sold-out special edition was around 30,000.

Dimensions

Metal	Value	Weight		Diameter	Height	since
Gold 916.6	-	1 Unze	33.93g	32.69mm	2.75mm	1967
Gold 916.6	-	1/2 Unze	16.97g	27.00mm	2.24mm	1980
Gold 916.6	-	1/4 Unze	8.48g	22.00mm	1.52mm	1980
Gold 916.6	-	1/10 Unze	3.39g	16.50mm	1.19mm	1980
Note: The Krugerrand has no face value imprinted, it is accepted as the official currency in South Africa. The price per coin / bullion is determined daily on the gold price.