South African Krugerrand
The Krugerrand Gold coin is one of the first investment bullion coins ever released by a government. First introduced in 1967, its international popularity prompted other mints to release bullion coins of their own such as the Maple Leaf (1979) and the Australian Nugget (1981). Now available in silver as well, the coin features a portrait image of President Paul Kruger (1983-1900) designed by Otto Schultz on its obverse and the native Springbok antelope on its reverse. The coin’s name originates between a mix of Paul Kruger and the Rand, which is the local South African Currency.
The 2020 Krugerrand silver coin is regarded as one of the most beautiful and symbolic coin designs. Investors and collectors can instantly recognize this piece due to its historical meaning amongst bullion coins. The Krugerrand silver coin contains 1 troy ounce of pure 999/1000 silver, has a face value of 1 rand and can be used as legal tender.
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The obverse surface of the Gold Krugerrand Coin bears an effigy of Paul Kruger, the President of the historical South African Republic. The reverse surface of the coin bears the image of a prancing springbok, a national symbol.
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