1 ounce South African Krugerrand Gold Coins

Description

The Krugerrand was introduced in 1967, as a vehicle for private ownership of gold. The Krugerrand has no face value; its legal tender value is the bullion value of its metal at the current market price of gold. The Krugerrand’s specifications are 33.9305 gm. of .917 fine gold—making it the first gold coin to contain precisely one troy ounce of pure gold. For many years the Krugerrand was the most popular gold bullion coin in the world, but it was illegal to import into many Western countries for nearly two decades—until the end of Apartheid in the mid-1990s. This factor plus increased competition from other world mints (United States, Canada, Austria, etc.) has reduced the popularity of the Krugerrand among gold investors.