Krugerrand 1/2oz 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, Krugerrand gold coin consists of 22 carats with a fineness of .9167.
The ½ oz Gold Krugerrand for 2018 is the largest fractional size coin in the series. Fractional size coins give investors more affordable price points than the 1oz version.
The ½ oz size is ideal for first time gold investors or for those who are looking to add to a current gold bullion portfolio.
Weight and Size
Fractional size Krugerrands are available in ½ oz, ¼ oz, and 1/10 oz sizes. The gold alloy consists of 91.67% gold and 8.33% copper. The gold/copper alloy gives the Krugerrand added durability and scratch resistance.
|
Weight |
Fine Weight |
Diameter |
Thickness |
|
16.965g |
1/2 oz |
27 mm |
2.2 mm |
Appearance
The front of the 2018 ½ oz Gold Krugerrand depicts the portrait of Paul Kruger, who was the president of South Africa from 1882-1902. Surrounding the outer edge of the coin are the inscriptions “SUID-AFRIKA” and SOUTH AFRICA”
On the reverse side of the Krugerrand is the image of a springbok antelope, which is the national animal of South Africa. Stamped on the top outer edge is the word "KRÜGERRAND". To the left and right of the springbok antelope is the year of the coinage. Around the bottom outer edge are the words "FYNGOUD 1 OZ FINE GOLD". The initials of coin designer Coert L.Steynberg appear below the motif.
History
The Krugerrand was introduced in 1967 and was one of the first gold bullion coins that was made available to private investors. The Krugerrand enjoyed much early success as there was very little competition from other gold bullion coins at the time. By 1980, the Krugerrand dominated the global gold investment coin market with a 90% share.
Sales of the Krugerrand slowed in the early 1980’s due to economic sanctions against South Africa because of its apartheid policy. This provided an opportunity for the Canadian Gold Maple Leaf (1979) and the American Gold Eagle (1986) to introduce gold coins to the global market.
Today, the Krugerrand still enjoys global popularity and is one of the top gold bullion coins on the market. Over 50 million ounces of Gold Krugerrands have been sold since the coin was introduced in 1967. As a result, Krugerrands are easy to buy and sell around the world.
Advantages
• Design has remained consistent since the coin was first introduced
• The gold-copper alloy is durable and scratch resistant
• High quality gold coin with a 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
Carat: 22K
Fine weight: ½ oz
Fineness: .9167
Scratch resistance: Good
| Metal | Gold |
| Form | Gold Coin |
| Country of Origin | South-Africa |
| Manufacturer | Rand Refinery |
| Series | Krugerrand |
| Purity | 917/1000 |
| Fineweight | 15.55 gram |
| Gross Weight | 16.97 gram |
| Denomination (oz) | 1/2 oz |
| Year of issue | 2018 |
| Grade | Brilliant |
| Condition | Circulated |
| Thickness | 2.24 mm |
| Diameter | 27.00 mm |
| Packaging | Single in Pouch |
| Packaging Unit | 10, 20 or 25 per Tube |