The 1 oz Gold Krügerrand is probably the best known and most widely used gold coin in the world. It is also the oldest gold…
The 1 oz Gold Krügerrand is probably the best known and most widely used gold coin in the world. It is also the oldest gold coin still produced today. Since 1967 it is produced by the South African Mint near Johannesburg. A peculiarity of the Krugerrand is that although it has no nominal value, it is an official currency in the Republic of South Africa.
On the occasion of the 51th anniversary of the gold coin Krügerrand, the Rand Refinery and the South African Mint published a bullion silver coin of the popular investment gold coin.
The front shows the portrait of Paul Kruger and on the edge is read SUID-AFRIKA and SOUTH AFRICA. On the reverse you can clearly see the well-known motif of the springbok, which distinguishes the Krugerrand. Further one recognizes the year of mintage and the weight.
The name Krügerrand is composed of the name Kruger, a German-born South African politician and military commander, and the national currency „Rand“.
The silver bullion coin is produced in stamped mint with a fineness of 999/1,000. The packaging offers room for 25 pieces and 500 pieces come in a masterbox.
A singular coin arrives in a coin pouch.
Another advantage that the Krugerrand offers is that it is repurchased by precious metal dealers and banks without any problems due to its unique notoriety status. Thus, it is simply a "must have" for every precious metal investor.
This special coin has also appeared in gold, presumably there will also be a platinum coin in denomination 1 ounce.