GOLD COINS
Krugerrand - 1oz
Prices based on a London Gold Fix price of £1005.13,
last updated 10:57:02 on 18/05/2012
| Quantity | Price |
|---|---|
| 1-2 | £1,085.52 |
| 3-9 | £1,080.93 |
| 10-24 | £1,079.10 |
| 25+ | £1,078.18 |
All prices listed include VAT except gold products which are VAT exempt.
Description
South African Krugerrand, 1 Troy oz gold coin. These are the most popular gold bullion coins in the world and are 22 carat gold. Our Krugerrands are sold in mixed years, good condition and are inspected prior to despatch. We have one Krugerrand which is available boxed and with a certificate - please ask for details.
The Gold Krugerrand is the World's most circulated gold bullion coin. The gold bullion coin gets its name from the popular four-term President of the old Republic of South Africa, Paul Kruger (pictured) (1883-1900) and the Rand, the South African currency. In 1966, the South African Reserve Bank, gave authorization to the Rand Refinery Ltd to manufacture gold blanks and the South African Mint to strike the blanks into Krugerrand gold coins.
Obverse
The obverse side of the South African Gold Krugerrand displays the portrait of Paul Kruger. "SUID~AFRIKA" is inscribed along the inner perimeter of the gold bullion coin. The language is Afrikaans, the native language of South Africa. In addition, the English pronunciation "SOUTH AFRICA" is also inscribed on obverse side of the gold coin.
Reverse
The Reverse side of the Gold Krugerrand features the Spingbok (gazelle), one of the national symbols of South Africa. The reverse side of the coin was designed by Coert Steynberg, his initials "CLS" can be found directly above the word "GOLD" on the left face side of the gold bullion coin. "KRUGERRAND" is inscribed along the top of the coin. The year of issue is shown broken in half and displayed on both sides of the Springbok. Inscribed at the bottom are the words "FYNGOUD 1OZ FINE GOLD" representing the Gold Krugerrand's weight and purity.
History
The first Gold Krugerrand coins were minted in 1967, for the first several years the gold coins were produced for collectors in proof-like fashion. The South African mint didn't start to mass produce the Krugerrand in bullion form until 1970. In the 1970's and 1980's, South Africa's policy of apartheid brought along economic sanctions against the country which made the Krugerrand an illegal import in many Western countries.
In 1994, South Africa abandoned apartheid, when the sanctions ended the Krugerrand regained it status as one of the worlds leading gold bullion coin.
