Gold Krugerrands

Gold KrugerrandsGold Krugerrands are the gold bullion coins of South Africa.  These coins are notable because they were the world’s first ounce denominated gold coin.  First offered in 1967, they began to popularize the idea of individuals investing in gold bullion.  The one ounce coins made it easy to acquire specified amounts of gold purely for precious metals investment purposes.

Coins contain 91.67% of 22 karat gold.  The weight of the coins are 1.0909 ounces to yield exactly one ounce of gold. Starting in 1980, other sizes were offered.

The obverse of the coin depicts Paul Kruger.  The reverse shows a springbok antelope.