Krugerrand

The Krugerrand is still the best known and also a very popular gold bullion coin in the world. The Krugerrand is marked with 22 carats, and contains one ounce of gold.

History on the Krugerrand

The name of this gold coin is from Paul Kruger, and also by “Witwatersrand”. In 1886 the first time in the Witwatersrand gold was found. Through these two names, the coin was called the Krugerrand.
The Krugerrand always looks the same, there is only a constant character. On the front you can see Paul Kruger (1825 to 1904). In addition, located on the front of a logotype with Suid Africa and South Africa. On the back of the Krugerrand is a springbok antelope.
From 1967 to 1980 of the Krugerrand was marked by a Fine of a oz Be In 1980, the Krugerrand is also manufactured with half, quarter and tenth oz
Be where there is the Krugerrand, which are published each year few proof expenditure. When this coin Krugerrand Proof edition of a mirror shine background and the motif is matted.

The Krugerrand today

The Krugerrand has no face value imprinted, but the Krugerrand is legal tender in South Africa. The nominal value (is constructed) new set every weekday. This determination is based on the current gold fixing in London.
Today the Krugerrand is one of the most popular gold bullion coins is (as already mentioned at the beginning), because the charge on the material value is very low. Since 1999 the numbers of the coins of the Krugerrands to rise, as there was a boycott by the United States in 1986 and this went up to 1999.
For collectors, the imprints of proof Krugerrands are very popular.