Krugerrand Gold Coin

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Krugerrand Gold Coin

Krugerrand Obverse Features Statesman Paul Kruger

Krugerrands are arguably the most common and popular of gold coins.  The obverse features the image of Paul Kruger, the most famous South African statesman.  The reverse features a Springbok, a type of South African Krugerrand.  Having been in constant production since 1967, the Krugerrand is, by far, the most widely circulate gold coin.

Krugerrand are a Rand Refinery product.  The Rand Refinery, located in South Africa, has been in the precious metals business since 1920.  The Rand Refinery is not part of the South African Government.  Therefore, technically speaking, Krugerrands are not gold coins.  Krugerrands are gold rounds.  Only governments can produce coins.  Gold coins have a nominal monetary value, such as $50 for the American Eagle.  The Krugerrand has no such feature.  However, and this is very unusual, the South African government gave the Krugerrand the status of legal tender.  That is the main reason the Krugerrand composition is 91.6% and the rest copper.  Krugerrand gold coins, having the same composition as the British Sovereign, is made for circulation, so it is tough.

Krugerrand Gold Coin Specification – 1ozt Version

  • Mass (weight)                                             33.933 grams / 1.09 ozt
  • Net Gold Content                                        31.103 grams / 1 ozt
  • Fineness (purity)                                        .916  / 22K
  • Composition                                               Gold and Copper
  • Diameter                                                    32.6mm
  • Thickness                                                   2.84 mm
  • Years of Minting                                          1967 to present
  • Designer                                                     Coert Steynberg
  • Obverse                                                      Paul Kruger
  • Reverse                                                      Springbok
  • Sizes (ozt)                                                   1, 1/2. 1/4, 1/10


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Krugerrand Portland

Krugerrand Reverse – Springbok