Krugerrand Gold Coin Value
is a South African gold coin whose mintage began in 1967 and continues on into
the present day. Krugerrands are available in 1oz, 1/2oz, 1/4oz and 1/10oz sizes.
A Krugerrand is considered legal tender in South Africa. Krugerrands are 91.67%
gold with the remaining weight being copper.
In the 1970's
and 80's, the Krugerrand was illegal to import into many countries in the Western
Hemisphere, due to the Apartheid movement, but despite this, the Krugerrand
made up 90% of the world gold coin market by 1980. Between the years 1974 and
1985, it is estimated that 22 million gold Krugerrand coins were imported to
the United States.
was a huge success, and many other countries soon minted their own gold coins.
The Canadian Gold Maple Leaf debuted in 1979, followed by the Australian Nugget
in 1981, the Chinese Gold Panda in 1982, the American Gold Eagle in 1986, and
the British Britannia in 1987. None of these coins would exist if the Krugerrand
hadn't seen such a massive popularity.
mints have even tried to copy the style of the Krugerrand, some depicting the
image of Paul Kruger and even of the springbok antelope, while some attempt
the steal the design of the Krugerrand completely, just altering the description
on the Krugerrand coin. The South African Mint has nothing to do with the manufacture
of these fake Krugerrands, and they therefor have no legal tender status, unlike
the true South African Krugerrand.
A 1oz Krugerrand
is 32.77mm in diameter and 2.84mm thick. The Krugerrand features the face of
Paul Kruger on the obverse. Paul Kruger was a 4 term president of the South
African Republic, and the work Krugerrand comes from his last name. The reverse
of the Krugerrand features a springbok antelope, and bears the inscription "Krugerrand
fynegold 1oz fine gold".
African Mint Company produces both standard Krugerrands and a proof version
of the Krugerrand gold coin. The proof Krugerrand has a mirror finish and is
available in smaller quantities than the standard Krugerrand. Proof Krugerrands
can also be distinguished by the number of serrations on the edge of the coin,
it has 220 compared to the non-proof Krugerrand, which only has 160 serrations.
Army has been receiving gold Krugerrand coins in their collection buckets, donated
by an anonymous benefactor or benefactors in several cities, including Atlanta,
Seattle and Fargo, ND. Krugerrand coins have long been a very popular way to
buy and sell gold coins, and are one of the easiest to recognize gold coins
on the market today.
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