Krugerrand gold – the first contemporary gold bullion coins

Krugerrand gold – the first contemporary gold bullion coins In the category Ancient coins more articles and learn more information about Krugerrand gold – the first contemporary gold bullion coins Reviews Price Specifications Features Image manuals videos Accessories All this in metal detectors for gold.

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Krugerrand gold – the first contemporary gold bullion coins

The beautiful Krugerrand gold coin is likely the best-known gold modern gold coin. Unveiled in 1967 by the South Africa company Mint, which had been intended to circulate as legal tender. The Krugerrand turned out to be so well received that in 1980, 13 years after having been released, 90% of the gold bullion market!

Krugerrand gold - the first contemporary gold bullion coins

 

 

The currency is in 22 carat gold and consists of 91,67% 8.33% copper and gold. This combination makes the alloy of gold Krugerrand gold more durable than other gold bullion coins. The durability factor was a consideration in the design of the coin, as it was meant to be distributed and had to be resistant to scratches and dents.

 

The most popular version of the coin, the 1 oz size, weighs approximately 1.09 oz troy, is 2.84 mm thick, and measures of 32,77 mm in diameter. In 1980, three smaller varieties also became available, each one with half ounce, quarter ounce, and one ounce of gold tenth, respectively.
The front side (obverse) of the Rand has the face of the fifth President of the Republic of South Africa, Paulus Stephanus Kruger Jonannes. The name of the currency was derived from Kruger and Rand, surname, which is the official currency of South Africa. Also inscribed on the obverse, in uppercase letters are the words “afrikaans” and the version in English, “sudafrica”.

 

The reverse side of the coin (backward) has an image of the national symbol of South Africa, the species of Gazelles or antelope. In the upper part of the coin, is the inscription of the word, Rand, the currency name. At bottom, inscribed in English and afrikaans is the content of the Krugerrand’s gold. If the currency became the variety of an ounce, the registration would be “FYNGOUD 1 oz of gold well”.
Due to the remarkable success of the South African gold Krugerrand, other countries and the us.USA, Canada and Australia began to mint their own coins of gold bullion. Canada was the first to do so in 1979 when the Canadian Gold Maple Leaf was launched.

 

Collectors can also get the coin in the edition of the test, but are more expensive that the variety gold regular. Unlike many of the gold coins, such as the Canadian Maple Leaf and American Eagle, which are also produced in silver, gold Krugerrand coins only available in gold. Beware of web sites that offer these false versions of silver!