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Coins

South Africa: Krugerrand

The gold Krugerrand marked the beginning of gold bullion coins, introduced by South Africa in 1967. In the 1970s, the Krugerrand coin became the predominant method for individuals to purchase gold bullion, thanks to the weight and purity being guaranteed by a government Mint, plus the added convenience of having a legal tender gold bullion coin.


Gold Krugerrand Specifications
Weight
(troy oz)
Gold
Purity
Fine Gold
Content
(grams)
Diameter
(mm)
1.0909 .916 or 22 karats  31.1033 32.6
.545 .916 or 22 karats 15.551 27
.272 .916 or 22 karats 7.775 22
.109 .916 or 22 karats 3.11 16.5