Encyclopedia > Krugerrand

  Article Content


A Krugerrand is a South African gold coin.

Krugerrands were first minted in 1967 to help market South African gold. They were sold at a very low premium (5%) over the base gold value. The coins have legal tender status in South Africa but are not actually intended to be used as currency.

Originally only one size of coin was made, which contained one troy ounce (31.1035 grams) of gold. From 1980, three other sizes were introduced, a half, quarter, and tenth ounce size. 54.5 million coins of all four types have been sold.

The Krugerrand gets its name from the fact that the "heads" side of the coin shows the face of Paul Kruger, president of the old South African Republic.

SizeFace Value (Rand)Weight (g)Fineness /1[?].000Gold Content (g) Gold Content (Troy)

External link

http://www.onlygold.com/ - for current price

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Father Damien

... nothing to keep them warm or fed. After twelve years of ministering to the patients at the leper colony (see Kalawao County, Hawaii), he contracted the disease, ...

This page was created in 34.3 ms