Krugerrand 1oz Gold Coin 1987
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Rand Refinery
Rand Refinery (Pty) Ltd, based in Germiston, South Africa, was founded in 1920 by the Chamber of Mines. It is the world’s largest integrated single-site precious metals refining and smelting complex.
Its main function is the refining of raw gold to a purity of at least 99.5%, which is then used for cast or minted bar products, or as raw material for the production of Krugerrand coins.
The refinery is one of only five LBMA Good Delivery Referees worldwide – a mark of excellence that certifies the highest standards in quality, purity, and responsible sourcing.
GPSR: Rand Refinery Limited
P.O. Box 565
1400 Germiston, South Africa
gold@gold.co.za
+27 (011) 418-9000
The Krugerrand was the first official gold bullion coin issued by a country for private investors. Introduced in 1967, it has become one of the best selling gold bullion coins in the world. The 1987 edition had a limited mintage of approximately 99,798 coins. Krugerrand limited mintage years are popular with collectors.
Product Highlights
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The name Krugerrand is a combination of Kruger, the former President of South Africa and Rand, which is the name of the South African currency.
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Although the Krugerrand has been minted in large numbers over the past 50 years, some yearly issues, like the 1987 edition, were produced in smaller quantities. These limited minage editions are becoming more popular with both collectors and investors.
Product Details
Country of Origin: South Africa
Mint: South African Mint
Weight: 33.93 g
Gold Weight: 31.10348 g
Purity: 916.67/1000
Diameter: 32.69 mm
Year of Issue: 1987
Mintage: approx. 99,798 Coins
Scratch Resistance: Good
| Metal | Gold |
| Form | Gold Coin |
| Country of Origin | South-Africa |
| Manufacturer | Rand Refinery |
| Series | Krugerrand |
| Purity | 917/1000 |
| Fineweight | 31.10 gram |
| Gross Weight | 33.93 gram |
| Denomination (oz) | 1 oz |
| Year of issue | 1987 |
| Grade | Brilliant |
| Condition | Circulated |
| Thickness | 2.75 mm |
| Diameter | 32.69 mm |
| Packaging | Single in Pouch |
| Packaging Unit | 10, 20 or 25 per Tube |