The gold Krugerrand is a favourite with investors, and was the first bullion investment gold coin to be produced. Traditionally produced in the 1oz size, since 1980 Krugerrands are also available in three additional smaller sizes.
Introduced by the South African Mint in 1967, they quickly became the top choice for investors, and accounted for 90% of the global gold market by 1980 due to its success as a vehicle of wealth, backed with a rich history. Its demand inspired other international mints to issue gold bullion coins of their own.
Krugerrand Gold Coin
The Krugerrand gold coin is named after First President Paul Kruger, a four-term president of the old South African Republic. Kruger features on the obverse side of the Krugerrand, while the reverse image features the springbok, a national symbol of South Africa.
The Krugerrand is a 22 karat gold coin, meaning 91.67% of the coin is gold, with the remainder made of copper. This is the traditional way of producing gold coins, with the copper adding extra durability to the soft pure gold. The use of copper gives the Krugerrand a distinct reddish tone versus more modern 24 karat gold coins.
The popularity of the coin is still high today, with a silver Krugerrand recently being introduced. The tax benefits of domestic coins has seen fierce competition, but the Krugerrand gold coin remains a firm favourite globally and can be easily resold in the future.