Krugerrand 1oz Gold Coin 2018
Rand Refinery
The Rand Refinery was the inventor of the standard 1oz investment gold coin. With the launch of the Krugerrand in 1967 it still produces the most well-known gold coin in the world today.
First introduced in 1967, the Krugerrand is one of the most famous and successful gold coins in the world. Produced by the South African Mint, the Krugerrand gold coin consists of 22 carats with a fineness of 917/1000.
The Krugerrand is an ideal choice for first time gold buyers or for those who are looking to add to a current gold bullion portfolio. It was one of the first gold coins available for the individual investor.
Weight and Size
The Krugerrand 1oz gold coin has a gross weight of 33.93 g, with a pure gold content of 31.103 g, which corresponds to 91.66% (22 carat) fine gold. The diameter is 32.77 mm with a thickness of 2.84 mm. The gold alloy consists of 91.66% gold and 8.34% copper.
|
Weight |
Fine Weight |
Diameter |
Thickness |
|
1oz |
31.103 g |
32.77 mm |
2.84 mm |
Appearance
The motif on the obverse side of Krugerrand shows the 1892 Otto Schulz portrait of Paul Kruger who was the president of South Africa from 1882-1902. On the left side, next to Paul Kruger, is the inscription "SUID-AFRIKA", and to his right is the inscription "SOUTH AFRICA".
On the back of the Krugerrand is the image of a springbok antelope, the South African national animal. Above the motif is the word "KRÜGERRAND". To the left and right of the springbok antelope is the year of the coinage. In the lower part are the words "FYNGOUD 1 OZ FINE GOLD". The initials of coin designer Coert L.Steynberg appear below the motif.
Story
The Krugerrand was introduced in 1967 and was one of the first investment gold coins for private ownership. The coin was modeled after the world famous English sovereign. From 1967 to 1969 around 40,000 coins were issued annually and this number eventually increased dramatically to 6 million coins in 1978. By 1980 the Krugerrand had a 90% share of the global gold coin market.
After 1980 production of the Krugerrand dropped due economic sanctions against South Africa for its policy of apartheid. These sanctions ended in 1991 when South Africa abandoned apartheid.
Over 50 million ounces of Gold Krugerrand coins have been sold since it was introduced in 1967. To this day, the Krugerrand is one of the best-selling gold coins in the world.
From 1967 to 1979 Krugerrand gold coins were produced exclusively in one ounce. In 1980 the ½ ounce, ¼ ounce & 1/10 ounce coin sizes were introduced.
Advantages
• Can be easily bought and sold almost anywhere precious metals are sold.
• The gold-copper alloy is durable and scratch resistant
• High quality gold coin with an storied history.
• The edge of the Krugerrand is fluted to detect any manipulation
Details
Manufacturer: South African Mint
Country of origin: South Africa
Year of minting: 2018
Diameter: 32.77 mm
Thickness: 2.84 mm
Gross weight: 33.93 grams
Carat: 22K
Fine weight: 31.1 grams
Fineness: 916.66 / 1000
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 | 2018 |
| Grade | Brilliant |
| Condition | Circulated |
| Thickness | 2.75 mm |
| Diameter | 32.69 mm |
| Packaging | Single in Pouch |
| Packaging Unit | 10, 20 or 25 per Tube |