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Gold South African Krugerrand 1 oz – BU (Varied Year)

Gold South African Krugerrand 1 oz – BU (Varied Year)

$2,269.36

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. Since its release in 1967 to help market South African gold, the Gold Krugerrand has seen worldwide popularity with a simple, classic design depicting two key South African figures: Paul Kruger and the springbok antelope.

Coin Highlights:

  • Contains 1 oz of gold.
  • Coins will be in protective packaging.
  • Obverse: Depicts Paul Kruger, South Africa’s first and only president, image, along with “South Africa” in Afrikaans and English.
  • Reverse: Displays a springbok antelope, the national animal of South Africa, along with the year of minting and gold weight.
  • Minted by Rand Refinery.
  • Coins will be issued in varied years based on our current inventory.  Coins may be of a single or multiple dates.

Additional discount of $50.00 per Monster Box applied at checkout for purchases of 1500 oz or more. We will also provide further discounts for purchases above 100 oz of Gold or Platinum, please call 1-800-526-7765 for details. We will beat any competitor's price!

Description

No other government-issued gold bullion coin has enjoyed the same level of sustained success and popularity as South Africa’s Gold Krugerrand.

It was first introduced by the South African government in 1967. In the five decades since, it has set the standard model for a gold international trade coin. All of today’s modern bullion coin series from other state mints are patterned after the — tremendously successful — experiment of the Krugerrand.

One of the things that made the Krugerrand unique was its lack of a denomination. It has no legal tender face value, which means these coins are traded based on their weight as bullion alone (i.e. the melt value of their gold content).

This strategy makes sense when you realize that South Africa has a long track record as one of the most gold-rich regions found anywhere on Earth. For much of the 20th century, the country accounted for by far the largest proportion of the world’s gold mining output. Most of this newly mined gold came from a single area within South Africa, the Witswatersrand Basin.

Believe it or not, more gold has been mined from Witswatersrand in only the last century than than the amount of gold extracted from the ground in all of human history combined up to that point! This incredible fact is no doubt due to the advancement of human engineering, technology, and equipment. Yet it also speaks to the spectacularly vast precious metal resources that are located in this particular part of South Africa.

The advent of the Gold Krugerrand was the perfect outlet for this massive quantity of gold flowing from the Witswatersrand region. It was a win-win situation for both sides of the equation: On the one hand, investors around the world finally had a way to buy physical during an era where every government around the world had abandoned the gold standard and ceased production of circulating gold coins. On the other hand, the export of these gold bullion coins generated a windfall of profit for South Africa’s economy.

The name of the Krugerrand is a compound word derived from two sources that make perfect sense: 1) Paul Kruger, the “founding father” and president of the South African Republic (ZAR), who is pictured on the obverse of the coin; and 2) the rand, the name of the country’s currency.

For this reason, the Gold Krugerrand is an obvious vehicle for South Africa’s history and national heritage.

On the reverse design that was created by the artist Coert Steynberg, a type of antelope native to South Africa known as the springbok is shown prancing along to the right. It divides the four digits of the year-date, with two numbers appearing on either side of the animal. “KRUGERRAND” stretches across the top half of the rim. The bottom rim includes the inscription “FYNGOLD 1 OZ FINE GOLD,” using both English and the national language, Afrikaans.

The same is true of the obverse inscription: It reads “SUID-AFRIKA” and “SOUTH AFRICA” across the outer rim, using both languages. Afrikaans was derived from Dutch, as many of the original European settlers in the country were from the Netherlands. Afrikaans shares a syncretistic or “creolized” relationship with other dialects native to Africa. Incredibly, it is just one (along with English) out of eleven official languages spoken in South Africa.

The springbok is used elsewhere as a national symbol, serving as the mascot for the country’s popular national rugby team. Kruger’s portrait on the obverse was created by Otto Schultz, with small adaptations made by engraver Tommy Sasseen from the original image by Schultz.

If you’re looking to buy Gold Krugerrand gold coins online, Guidance Corporation can help. Our South African gold coins are carefully evaluated for purity, and are a great option for historians. We can help you find any gold Krugerrand coin regardless of year or weight, even if it’s not listed on our site.  Start by browsing our gold Krugerrand for sale and reach out if you want us to find a specific coin that isn’t listed.

Additional information

Weight 1 oz
Metal

gold

Weight

1 oz

Product Type

Coin

Coin Year

Varies

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