The iconic Krugerrand, regarded by many as the coin that started modern gold coin collecting, celebrates its 50th anniversary in 2017 since it was first struck on 3 July 1967.
South Africa has long been a hotbed of precious metal and gemstone mining. The country is home to some of the largest gold reserves found in the world, and it is no surprise that the nation was the first to issue a commemorative gold bullion coin as a national marketing tool.
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Krugerrand definition, (sometimes lowercase) a one-ounce gold coin of the Republic of South Africa, equal to 25 rand: first issued in 1967. See more.
Coin Size Measurement Chart for All US Coins and Most World Coins, Including Measurements in Millimeters and Inches.
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One ounce gold coin for investment purposes commonly included in safe-haven precious metals portfolios, tracks gold price
Description South African Gold Krugerrand 1 oz. For years the South African Gold Krugerrand 1 oz was the bullion coin of choice before other world governments decided to mint their own bullion gold coins.
This coin was minted 1961 in South Africa, and display the portrait of Jan van Riebeek(Dutch colonial administrator and founder of Cape Town).
On July 3rd, 1967 the first Krugerrand was stuck by the South African Mint. That first year they stamped out 40,000 regular Krugerrands, and an additional 10,000 of the specially prepared, and targeted toward collectors, proof Krugerrand.
Rand Refinery Limited is one of the world's largest gold refineries. It refines most of Africa's gold and serves the world gold market.
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American Gold Eagle: The Official U.S. Coin. The official gold bullion coin of the United States is the American Gold Eagle. In 1986, the U.S. Mint first released eagles in accordance with the Gold Bullion Act of 1985.
Etymology. The Rand takes its name from the WitwatersRand (literally "white waters' ridge" in English), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found.
South African Gold Krugerrands. The South African Krugerrand is the world's oldest gold bullion coin, and the first introduced in the modern era specifically for use as an investment tool.
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Hover over image to magnify. The world's most widely held and actively traded gold bullion coin. During the late 1960s and early 70s, when South Africa's annual gold mine output averaged 75% of total output in the western world, the promotion of gold was considered vital, following the final collapse of the Gold Standard in 1971.
What's the Current Krugerrand Value. In1967 the government of South Africa decided to increase the marketing of South African gold so they minted the Gold Krugerrand.
The Krugerrand (Afrikaans pronunciation: [ˈkryχərˌrant]; English: / ˈ k r uː ɡ ər ˌ r æ n d / or /-ˌ r ɑː n d /) is a South African gold coin, first minted in 1967 to help market South African gold and produced by the South African Mint.