South african gold coins1/2/2024 The portrait on the obverse of the coin is a picture of Paul Kruger. First introduced in 1967, the Krugerrand was the worlds first modern Gold bullion coin in the world and still a favourite of collectors and investors today. The rand, which is also the name of South Africas currency, is originating from the geographical name Witwatersrand in the Gauteng province where large amounts of gold was found during the end of the 19th century. The name Kruger originates from the 19th century boer president Paul Kruger which has also given name to the famous Kruger park. Since 1980, three smaller sizes being 1/10 oz, 1/4 oz and 1/2 oz are also minted. The South African Gold Krugerrand is the original gold coin available for private investors, having debuted in 1967. The Rand was introduced in 1961 following the change to decimal coinage and a move away from the pound, but there are Pond (Pound) coins issued many years before - with some even from before the Union of South Africa in 1909/1910. The coin was initially only produced in one size being 1 troy oz. The South African Chamber of Mines came up with the idea of the Krugerrand in the 60s as an idea of how to market South African gold. The coin was minted for the first time in 1967 and has been produced every year since. The purpose of the alloy, consisting of 11/12 gold and 1/12 copper, is to make the coins more resistant to wear and tear since copper is a harder metal than gold. This is our main index page of South African gold coins. Minted from 1961 to 1980, the South African 2 Rand Gold Coin can make for a historical addition to any collection. Each coin has been struck with 22k gold and contains a total of. This equates to more Krugerrands in circulation internationally than all other gold coins combined.Ĭontains 1 troy oz of gold but its total weight is 33.93 gram with the remainder being copper. The 2 Rand South African Gold Coin is available in AU (Almost Uncirculated) condition from years of our choice. To date some 46 million ounces fine gold contained in newly minted Krugerrands have been sold worldwide.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |