The South African Krugerrand Gold Coin obverse shows a portrait of Paul Kruger, president of the old South African Republic. The reverse shows a Springbok Antelope, one of South Africa's National Symbols.
- Weighs 33.90g and is 916.7 (22ct) Gold.
- Contains 1 Troy ounce of fine gold.
- Minted by the South African Mint.
- Struck to a Bullion finish.
- Dimensions: Diameter: 32.77mm Thickness: 2.84mm.
- Mixed years.
First minted in 1967 by the South African Mint, the name 'Krugerrand' comes from the name president at the time Paul 'Kruger', and the unit of currency of South Africa the 'Rand'. Some countries banned the importing of Krugerrands during the 70's and 80's due to the association with the apartheid government, but the coin is now one of the most recognised gold coins among collectors and investors.
After its conception at the end of the '60s, the Krugerrand was being minted at a rate of approximately 40,000 units per year, this continued to grow until 1978 when a record breaking 6 million coins were produced.