Rand Gold Coins
Gold Coin Buyer Portland
The Rand South African gold coin is a close relative of the Krugerrand. It was introduced in 1948 as a replacement for the circulating British 1 pound, and 1/2 pound gold Sovereign coins. In fact, the gold Rands are basically Sovereigns with a different obverse and reverse.
The Rand is produced by the South African Mint Company. It is the gold coin of the South African government, thus the monetary denomination, rather than the gold content weight is their identification. The obverse features the image of Jan Van Riebeck, the founder of Cape Town . The reverse features a Springbok, a type of South African dear. The alloy is the same as the Krugerrand and the Sovereign, called “Crown Gold”. Crown gold was developed the British specifically for minting circulating gold coins. It is the most durable bullion gold allow. It is 91.6% gold and 8.4% copper, thus it is 22K. There is no silver in this gold coin. Thus it reddish tone..
Rand Gold Coin Specification – 2 Rand Version (1 Rand is 1/2 as much)
- Mass (weight) 7.98 grams / .2568 ozt
- Net Gold Content 7.32 grams / .235 ozt
- Fineness (purity) .916 / 22K
- Composition Gold and Copper
- Diameter 22 mm
- Thickness 1.8 mm
- Years of Minting 1948 to present
- Obverse Jan Van Riebeck
- Reverse Springbok
- Denominations 1 and 2 Rand
Krugerrand Reverse – Springbok