The Krugerrand is the world’s first modern gold bullion coin and has been produced by the South African Mint since 1967. It was created to help market South African gold and has since become one of the most widely recognized and highly traded gold bullion coins in the world. The South African Gold Krugerrand is one of the most internationally sought-after coins. At one point, it accounted for 90% of the gold bullion coin market. The 2023 1 oz South African Gold Krugerrand is available to order from GoldClub Direct today.
President Paul Kruger established the South African Mint in 1886 after finding gold near Johannesburg. The mint is owned by the South African Reserve Bank, so they manufacture the entire nation’s currency coins. The Gold Krugerrand was first issued in 1967.
The 2023 Krugerrand is struck from 1 troy ounce of .9167 fine gold and features the iconic image of Paul Kruger, the former President of the South African Republic, on the obverse. The reverse depicts a Springbok antelope, which is a national symbol of South Africa. The mint date, the weight of the gold, and the name of the coin, “Krugerrand” surround the springbok antelope.
The coin has a diameter of 32.6 mm and a thickness of 2.84 mm, making it highly portable and easy to store. It has a face value of 1 Rand, which is backed by the South African government.
The 2023 Krugerrand is also a beautiful and timeless piece of art. Its intricate design and craftsmanship make it a true work of beauty, and it will surely be a cherished addition to any collection.