South African Krugerrand
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.
History
The Krugerrand gold investment coin is named after South African President Paul Kruger. It was first minted in 1967 as the first 1 ounce gold coin. It was also the first coin to be sold on the market for the price of gold from which it was made. The coins are produced at the South African Mint in Pretoria, the capital of South Africa. The Krugerrand is made from 22 carat gold, 9167 of pure gold and 833 parts copper. The alloy with copper makes the coin more orange and ensures that the coins are not easily scratched or defaced, thereby protecting their value and tradability.
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