Krugerrand Gold Coin Value

A Krugerrand

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.

The Krugerrand

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".

The South

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.

The Salvation

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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