Krugerrands are one of the most popular investment gold coins and the most popular South African coins. These 22-carat gold coins have an interesting history and are known as the first bullion legal tender coins.
Here are several interesting facts about gold Krugerrands that will turn you into an expert and which you can use to impress other collectors and investors into these popular South African coins:
- One of the most important distinctive features that makes Krugerrands unique among modern gold coins is that they don’t have a currency denomination on the reverse.
- Gold Krugerrand value is closely linked to value of their gold content (plus a small premium).
- Distinctive reddish-copper color of Krugerrands indicates high 8.33% copper content.
- Krugerrands are minted as regular bullion coins and in proof edition.
- Proof Krugerrands have 220 serrations while bullion Krugerrands have 180 serrations.
- Krugerrands are named after the 5th South African president – Paul Kruger. Their name is combination of the president’s last name and South African currency – Rand: Kruger+Rand=Krugerrand. The word is a registered trademark of the Rand Refinery.
- Krugerrands are not available as silver coins, which distinguishes them from most modern bullion gold coins. If you come across silver Krugerrands, you know that they are counterfeits.
- The obverse depicts Paul Kruger, while the reverse depicts a leaping springbok – South African national animal.
- Krugerrands have been minted since 1967. They are the first bullion gold coins and one of the most popular gold investment coins.
- Krugerrands have been legalized in USA only after prohibition on gold ownership was lifted in 1975. In 1984 importation of Krugerrands was banned due to apartheid and American boycott of South Africa, which was lifted in 1994.
These 10 interesting and informative facts give you an overview of Krugerrand coins and their history. Browse this website if you want to find out more about Krugerrands, Krugerrands price charts and other collectible South African coins.