These gold coins were made from 1967 – 1986 By the South African Mint from coin blanks supplied by the Rand Refinery Limited. Krugerrands are the world’s most widely held gold bullion coins. They are alloyed with a small amount of copper to harden the coins making them more durable.
The South African Gold Krugerrand was introduced in 1967 as the official bullion coin of South Africa and became the first commemorative gold bullion coin on the market as a vehicle for private gold ownership. The coin was uncontested in the market for more than 12 years, with the Canadian Gold Maple Leaf offering the first challenge.
South African Gold Krugerrand coins were the first bullion coins issued legal tender status, but they do not bear a face value engraving on them. The obverse image of Paul Kruger, the four-term President of the South African Republic, was created for this coin in 1967.
The reverse image of the springbok, a native antelope species and national symbol of South Africa, was created by Coert Steynberg. This image had previously appeared on the reverse side of South African five shilling coins. Inscriptions on both sides of the coin are featured in the local Afrikaans dialect and English.
Krugerrand coins in this product listing have various years of issue, but all are available in Brilliant Uncirculated condition. BU coins are characterized by the lack of wear and tear on surfaces, though you may notice spotted surfaces, breaks in the luster, or contact marks from striking.
Nearly 22 million South African Gold Krugerrands were sold and shipped to buyers in the United States alone between 1967 and 1979 when Western nations enacted an embargo on South African goods in retaliation for its apartheid policies. Today it remains a popular product, and is available in bullion and proof, with fractional weights of ½ oz., ¼ oz., and 1/10 oz. now struck as well.
Also for Silver a moment 50 years in the making has finally arrived for numismatists around the world to savor. The South African Gold Krugerrand was the first private-investment gold bullion coin produced in the world, but while other mints offered gold bullion programs with a matching silver coin, the South African Mint never expanded the Krugerrand. That is, until now, the 2017 1 oz South African Silver Krugerrand Coin is available to you now from First National Bullion in unique condition!
If you have any questions, please don’t hesitate to ask First National Bullion’s customer service is available at (800) 745-7979, online using our live chat, and via our email address.