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South African Gold Krugerrand 1oz (Random Year)
South African Gold Krugerrand 1oz (Random Year)
South African Gold Krugerrand 1oz (Random Year)
South African Gold Krugerrand 1oz (Random Year)

South African Gold Krugerrand 1oz (Random Year)

  • Gold Content – 1.0003 oz. (31.112 g)
  • Gross Weight – 1.090 oz. (33.930 g)
  • Composition – 91.667% gold, 8.333% copper
  • Coin Diameter – 1.287 in. (32.80 mm)
  • Thickness – 0.111 in. (2.84 mm)
  • Mint Dates – 1967 to present
  • Mint Mark – Not Shown
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Details

Overview

The Krugerrand might be the most widely owned bullion coin worldwide. First introduced in 1967, it was designed as a vehicle to encourage individual gold investment.

Design

The Krugerrand’s obverse (front), designed by O. Schultz, features the first South African president, Paul Kruger. He is surrounded by South Africa, written in Afrikaans and English – “SUID-AFRIKA ‘ SOUTH AFRICA.”

The reverse, designed by C.L. Steynberg, shows a running springbok (South African antelope), and it also lists the issue date and gold weight and purity. The Krugerrand has no face value because it is designed for trade outside South Africa, rather than as a national currency.

Minting

Krugerrands are minted with a 91 2/3 parts gold and 8 1/3 parts copper alloy. The official South African Mint was privatized in 1988 and became subsidiary of the South African Reserve Bank.

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. This purchase is speculative and unregulated.