1oz South African Krugerrand Gold Coin Back

1oz South African Krugerrand Gold Coin – Random Year

Name: 1oz South African Krugerrand Gold Coin – Random Year
Brand: Leif's Coins
Availability: InStock

$4,136.72

We buy at $4,029.72

Volume Discounts

Quantity	Check	Card
1-9	$4,136.72	$4,302.19
10-19	$4,131.72	$4,296.99
20+	$4,126.72	$4,291.79

Basic Information

Manufacturer	South African Mint
Year	Random
Material	Gold
Purity	.9999 (24 karat)
Actual Weight	1 troy oz
Gross Weight	31.1 grams
Diameter	32.6 mm
Thickness	2.8 mm
Face Value	None (But is legal tender)
Series	Australian Gold Kangaroo

Product Overview

The Krugerrand is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. It was introduced as a vehicle for private ownership of gold. The name is composed of Paul Kruger, the former President of the South African Republic (depicted on the obverse) and rand, the South African unit of currency. On the reverse side of the Krugerrand is a Pronking Springbok, South Africa’s national animal.

Design Features

The South African Gold Krugerrand is minted in a copper-gold alloy more durable than pure gold. The obverse (front) of the coin was designed by Otto Schultz and the reverse Coert Steynberg. The name “South Africa” and the gold content are inscribed in both Afrikaans and English. By 1980 the Krugerrand accounted for more than 90% of the global coin market and was the number one choice. 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. Although the gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act of 1989.

Security Features

Manufactured by the South African Mint, each coin features precise minting details and consistent quality standards that ensure authenticity. The coin’s distinctive design elements, combined with exact specifications, serve as built-in anti-counterfeiting measures. Unique Serial Numbering Krugerrand silver coins do not utilize serial numbering, instead they rely on precise specifications, detailed designs, and mint marks as authentication features. Protective Packaging Individual coins are housed in plastic flips that prevent surface damage and oxidation. Bulk quantities are secured in plastic tubes holding 20 coins each, providing additional protection during storage and transport while allowing for efficient handling of multiple pieces.