Krugerrand 1/4oz Gold Coin 2020
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.
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Buy 1/4 oz Krugerrand Gold Coin 2013 Online
The Krugerrand is the worlds most known and traded coin. In the 1980’s the Krugerrand was known so well that its share was 89% of all gold bullion worldwide. Starting in 1967 the Krugerrand was produced over 57 million coins or 48 million ounces to the very day.
Minted by the South African Mint the Krugerrand contains 916/1000 pure gold or 22 carat. But each Krugerrand contains 1oz (or fractions) of pure gold and is therefore the total weight is slightly higher around 8.00 grams. Since 1980 the South African Mint offers fractional sizes beginning with 1/10oz.
Krugerrand Gold Coin Value
The Krugerrand gold coin does not have a denomination on the coin but is legal tender in South Africa. The value of the Krugerrand is founded in the content of pure gold which is 7.78 grams for the 1/4oz coin. This makes trading of the Krugerrand very easy. The Krugerrand was the first mass produced denominated bullion coin ever and since then many other countries were inspired to mint their own investment coins as well.
Design and Production of the Krugerrand Gold Coin
Obverse shows the Paul Kruger president in the time from 1882 until 1902 of South Africa. Paul was a son of German immigrants and loved nature and animals. He had 16 kids with his second wife Gezina du Plessis after his first wife died of malaria with his first child.
Inverse shows the Springbok the national animal of South Africa. The front was designed by Otto Schulz and inverse by Coert Steynberg.
The blanks for the Krugerrand gold coins are manufactured by the Rand Refinery and then transported to the South African Mint where they are striked into Krugerrand gold coins.
The Krugerrand is minted in Germiston only a few miles south of Johannesburg in two qualities: Proof and Mint state.
The thickness of the 1oz Krugerrand gold coin varies between 2.84 and 2.74 millimetres; this is linked to the changing contents of the metal from year to year. Prior to 1976 the thickness was 2.97 to 2.87 and in the time between 1976 to February 1979 the thickness was 2.80 to 2.74 millimetres.
The inscriptions of the Krugerrand gold coin:
- Fyngould 1/4oz Fine Gold
- SUID AFRICA SOUTH AFRICA
Where to buy the 1/4oz Krugerrand Gold Coin?
The popular 1/4oz Krugerrand gold coin can be best bought online at best price here with us on www.CelticGold.eu.
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