1 oz Gold Krugerrand (South Africa)

Krugerrand Gold Coin (1 Ounce Gold Coin) - The First Modern Gold Coin for Asset Investment

Important data & details about the Krugerrand gold coin (1 ounce gold coin):
 

• Counts among the most popular investment coins made of gold
• Diameter: 32.77 mm
• Thickness: 2.84 mm
• Gross weight: 33.930 g
• Alloy: 917/1000 (22 carat)
• Fine weight gold: 31.103 g (1 ounce)

The Krugerrand, minted by the South African Rand Refinery since 1967, is one of the most popular bullion coins made of gold. The obverse shows a portrait of Paul Kruger (President of the South African Republic from 1882 to 1902) and the inscription SUID-AFRIKA / SOUTH AFRICA. The reverse is decorated with a springbok antelope, the heraldic animal of South Africa, to the left and right of it the year of issue, above it KRUGERRAND, in the section FYNGOUD 1 OZ FINE GOLD. While the Krugerrand could theoretically be used as an official means of payment at a daily fixed exchange rate, the coin is practically exclusively considered an instrument of investment.

The fineness of the globally known and accepted gold coin is 916.7/1000 (22 carats), which corresponds to the British standard of gold alloy used for minting. The coin is minted in various finenesses. Typically since 1967 in the fine weight of 1 ounce, since 1980 also at 1/2 ounce, 1/4 ounce and 1/10 ounce and since 2017 also at 50 ounces, 5 ounces, 2 ounces (since 2018), 1/20 ounce and 1/50 ounce. By adding mainly copper, the hardness and thus the scratch resistance of the coin is increased and at the same time the gold coin shows a somewhat reddish-golden hue as a result.

Contact us if you would like to buy or sell the gold coin Krugerrand in the various weights at our retail store in Zurich. 

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