South African Gold Krugerrands
The South African Gold Krugerrand was the world's first ounce denominated gold coin. Since the coin's introduction in 1967, it has been used as a vehicle for private gold ownership. Each coin has a legal tender value linked to the price of gold.
The obverse features Paul Kruger, a famous South African president and nature conversationalist. The reverse features the springbok antelope.
The Krugerrand has a diameter of 32.6 mm, thickness of 2.74 mm, and weight of 1.0909 troy ounces. The composition has a gold purity of 91.67% (22 karat gold) to yield a gold weight of one troy ounce per coin.
More than 46 million ounces of gold have been sold in the form of Gold Krugerrands. Today, the coins are offered in fractional bullion weights in addition to the traditional one ounce coins.
The early success of the Krugerrand caused other world mints to develop one ounce gold bullion coins for the investor market. The Royal Canadian Mint developed the Gold Maple Leaf, the Gold Panda was offered in China, and the United States Mint created the American Gold Eagle.
This site provides a selection of Gold Krugerrand and other world gold bullion coins available for sale.