The coin was created as a means for the private ownership of South African gold bullion coins by the general public and was first minted at the South African Mint on July 3, 1967. 1 Ounce Krugerrand South Africa … [22][23], 2017 marked the 50th year of issuance (1967–2017) and to commemorate the anniversary, the South African Mint produced "Premium Uncirculated" versions in gold (.916 or 22 carat) and for the first time also in platinum (.999 fine) and silver (.999 fine). It contains one troy ounce of pure gold along with an alloy of 2.826 grams of copper. Struck for the first time on 3 July 1967, with the aim of marketing South African gold, this legend in the coin industry was conceived when the concept of a legal tender gold coin linked to the daily gold price was introduced in South Africa. Capital Plastics 2X2 Holder - Krugerrand In Black. or Best Offer. 1 Oz Krugerrand R31 161 .00 PRICES BELOW are indication prices only (in South African Rands) and fluctuate according to the GOLD price, R/$ exchange rate, at the time of trade and quantity of coins traded 08H00 (South African Time) 06/01/2021 and only valid until 12H00 . Per Ounce From £1,548.10. The Krugerrand is a household name and can be bought and sold in almost every country on Earth. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. 2019 | Krugerrand. Shop with confidence on eBay! Simply select South Africa from the list of countries and then select 1oz Krugerrand from the list of coins, then add 1 Krugerrand to the quote. 1 bid. Get The Best Prices. The reasoning for this unusual decision was to express the Krugerrand’s value by linking its fine gold content, which is portrayed on the reverse of the coin, with the prevailing market price of gold. Melt Value: $480.20 (1/6/2021) Diameter: 22mm. 1980 South Africa 1 Oz Gold Krugerrand Krugerrands Apmex . View Offer. * Design: The 1 oz South African Krugerrand Silver Coin was released for the first time in 2017. 1980 1/10 oz Solid Gold South African Krugerrand Coin. The obverse side of the coin, designed by Otto Schultz, depicts a bust of Paul Kruger, the last president of the Republic of South Africa. Country: South Africa. The Bullion Value for a 1oz Krugerrand today is £749.95. Each South African Krugerrand's price is the gold spot price of current market plus a premium per coin. The United States which had historically been the largest market for the coin, banned imports in 1985; the previous year, over US$600 million of Krugerrands had been marketed in that country. History. The Krugerrand's actual weight is 1 1⁄11 troy ounces (34 g). The Krugerrand is one of the most popular and numerous one ounce bullion gold coins in the world and for 2017, celebrates its 50th anniversary. Obverse Legend: SUID-AFRIKA - SOUTH AFRICA. Gold Krugerrand has a proof finish, it was struck by the South African Mint. They can be distinguished from the bullion Krugerrands by the number of serrations on the edge of the coin. Krugerrands have no face value but are considered to be legal tender in South Africa. Reverse Designer: Coert Steynberg. It soon became the first commemorative Gold bullion coin on the market, building the pathway for private Gold ownership. It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. der South-African-Mint-Company geprägt und weltweit vertrieben. SORRY! (2) The premium above spot is one of the lowest available on the market. Die Anlagemünze hat Ihren Namen durch den südafrikanischen Politiker Paul Kruger und dem südafrikanischen Zahlungsmittel Rand. Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967. The South African Gold Krugerrand is a Legal Tender coin issued by South Africa, weighing 33.93 grams, or 1.0909 troy ounces of 22-karat gold. [citation needed] On the occasion of the 50th anniversary of the coin range, fractional sizes of 1/20 and 1/50 oz were also added. The Krugerrand is one of the most popular and numerous one-ounce bullion gold coins in the world. (3) The coin contains an ounce of gold and is alloyed with a small amount of copper for durability. [citation needed][21], The South African Mint Company produces limited edition proof Krugerrands intended to be collectors' items rather than bullion investments. Specifications ; Composition: Gold Fineness: 0.9170 Weight: 33.9300g AGW: 1.0003oz Melt Value: $1,958.03 (1/6/2021) Diameter: 32.7mm Design; Obverse: Bust of Paul Kruger left Obverse Legend: SUID — AFRIKA • SOUTH AFRICA Reverse: Springbok walking right divides date Reverse Designer: Coert L. Steynberg Edge Description: Reeded Notes This lends an orange tint to the coin instead of the more brilliant hue when silver is used. South African Gold Krugerrand coins were the first bullion coins issued legal tender status, but they do not bear a face value. Since this is strictly a bullion coin, the 1 oz Gold South African Krugerrand has a value based strictly on gold spot value with a slight premium. In 1970, the number rose to over 200,000 coins. Notes; Note: 180 edge serrations for uncirculated, 220 serrations for proof Dollars were over $1,900 in September 2011 and traded under $1,100 at … Weight 34 grams. CGT Exempt: No. South African gold Krugerrand 1975 33.93 g (1.09 troy oz) 22ct South African gold Krugerrand 1975 33.93 g (1.09 troy oz) 22ct gold South African 1978 1oz gold Krugerrand. 1 troy oz gold South African Krugerrand coins was first conceptualized in 1964 as a legal tender bullion coin marked only with its weight in gold. However, they are not intended to be used as currency. [6], In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold coin. 1974 1oz Krugerrand Gold Coin. £4.00 postage. £1,650.00. On the reverse side of the Krugerrand is a springbok, South Africa's national animal. The remaining 8.33% of the coin's weight of 1⁄11 ozt (2.828 g) is copper (an alloy known historically as crown gold which has long been used for British gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. at African Bullion. 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