Gold coin Krugerrand - 1 ounce

In warehouse: Bratislava and Prague

2 611,34

Pay in CZK

exempt from VAT

Weight

1 OZ = 33.93 g

Fineness

916.67

Year of minting

not distinguished

Quality

Uncirculated

Metal

Diameter

32.60 mm

Thickness

2.75 mm

Country

Juhoafrická republika

Producer

South African Mint

Product code

100006

Current repurchase price: 2 417,07

Offer to repurchase

producer

South African Mint

The South African Mint, also known as the South African Mint Company, is the national mint of the Republic of South Africa, responsible for producing all the country's coins. The mint is owned by the South African Reserve Bank and has a long history of minting coins and medals, dating back to 1892.

The South African Mint is best known for producing the Krugerrand, the first gold bullion coin ever made available to the public. Launched in 1967, the coin was named after Paul Kruger, the former South African president. The Krugerrand was designed to facilitate easy trading in gold and became an immense success, with millions of coins sold worldwide.

The South African Mint is recognized for its technological innovation and high-quality minting. The mint employs modern technologies and techniques to ensure that each coin is precisely struck and of exceptional quality. This includes the use of digital technologies in coin design, as well as traditional coin minting techniques.

The Krugerrand played a pivotal role in popularizing physical gold ownership as an investment. Before its introduction, gold investments were typically made in the form of gold bars, which were impractical and costly for most individual investors. The Krugerrand offered a simple and affordable way for investors to directly own physical gold, revolutionizing the market and making gold investment accessible to a broader audience.

More details

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Krugerrand Gold Bullion Coins

The Krugerrand is the first gold bullion coin ever produced and sold to the public. This iconic gold coin, originating from South Africa, was introduced in 1967 by the South African Mint as a means of promoting South African gold to international investors.

The Krugerrand is struck from gold with a purity of 91.67% (22 karats). Although the coin is only 22 karats, its weight is adjusted so that each coin contains exactly one troy ounce of pure gold. The remainder of the coin's composition is copper, which gives the Krugerrand its distinctive bright orange color and makes it more resistant to damage and wear.

Krugerrands are highly favored by investors due to their globally recognized value and liquidity. These gold coins are easily identifiable worldwide, making their purchase, sale, and exchange convenient. Initially introduced as one-ounce bullion coins (1 OZ = 31.1 g), smaller coin sizes were added in 1980, including 1/2 ounce (15.55 g), 1/4 ounce (7.78 g), and 1/10 ounce (3.11 g), providing greater flexibility for investors.

Coin Design:

The name "Krugerrand" is a combination of Paul Kruger, the former South African president and freedom fighter, and "rand," the unit of South African currency.

On the obverse side of the coin, there is a profile of Paul Kruger along with the inscription SUID AFRIKA - SOUTH AFRICA. On the reverse side, the coin features an image of a Springbok, the national animal of South Africa. It also includes the name "KRUGERRAND," the year of minting, and the coin’s weight, depending on its size.