1/4 oz South Africa Gold Krugerrand

1/4 oz South Africa Gold Krugerrand

The South African Krugerrand is the most widely owned gold bullion coin in the world, representing 46 million ounces since its introduction in 1967. The purpose of the original issue was to encourage individual ownership of gold, and it must be said that this objective has clearly been met by the Krugerrand. The coins were intended to be used as currency in South Africa, and as such are made of a durable 22k (.9167) alloy of gold and copper. This alloy, known to historians as crown gold due to its use in English gold sovereigns, gives the coins their distinctive rich color and grants them a durability that bullion coins of higher purity often lack.

The Krugerrand uniquely has no stated face value: instead, its legal tender value is the bullion value of its gold at the current market price. South African Krugerrands are available in the following denominations: one troy ounce of pure gold, measuring 32.77mm in diameter; one half-ounce, measuring 27.07mm in diameter; one quarter-ounce, measuring 22.06mm in diameter; and, finally, one tenth-ounce, measuring 16.55mm in diameter. The Krugerrand takes its name from the man whose portrait occupies the obverse of the coin: Paul Kruger, the last president of the former South African Republic. The reverse depicts a springbok antelope, one of South Africa’s national symbols.

Coin Highlights:

• Contains 1/4 oz Gold.
• Multiples of 50 are packaged in mint tubes. All other coins will be in protective packaging.
• Obverse: Likeness of Paul Kruger, South Africa’s first and only president, along with “South Africa” in Afrikaans and English.
• Reverse: A Springbok antelope, the national animal of South Africa, with the year of minting and Gold weight.
• Minted by the South African Mint.