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The Krugerrand Coin Family

The term Krugerrand refers to a series of South African bullion coins made of gold, silver, and platinum. Its great fame and recognition all over the world is primarily due to the gold coins that have been minted since 1967. Krugerrand silver coins and platinum coins were minted in 2017 for the very first time and aren’t noticed very much so far.

For thousands of years, owning gold has been much more than a passion. Owning physical gold means personal financial security and independence in uncertain times. The Krugerrand gold coins fulfill the human desire for independence, which is what made the coin so successful. Another reason Krugerrand coins were widespread like no other bullion coins was the low surcharge to the gold price of only 5 percent, which is an important factor for investors of gold.

The History of Krugerrand Gold Coins

Most people interested in coins and gold know that the Krugerrand has been minted in South Africa since 1967. To be exact, Rand Refinery is the company behind those bullion coins and is based in Germiston, a town close to Johannesburg. Although South Africa is pretty safe nowadays, security is still an issue. All the gold—and Rand Refinery used and uses a lot of gold—is airlifted into the company’s highly secured facility. An interesting fact is that Rand Refinery has processed approximately 30% of all gold ever mined since they opened their doors in 1920. The Krugerrand gold coins are certainly the refinery’s most popular product, as the coins are minted for the public while most of the company’s other activities serve the government or the industry.

Although the Krugerrand has been around since 1967, its real history begins much earlier. The German designer, Otto Schulz, created a coin called “1 Pond” displaying Paul Kruger on the coin’s obverse. Mr. Paul Kruger was the President of the South African Republic between 1882 and 1902. He was very well respected as an environmentalist, founding Sabi Nature & Wildlife Reserve, which was later renamed Kruger National Park to honor his great commitment to his country.   

The 1 pond coin has exactly the same dimensions and gold content as the British sovereign (7.988 grams and 22 karat gold). The coin featured the bust of Paul Kruger and the Transvaal coat of arms. This coin was minted only for a short period between 1892 and 1900, but its great importance to the Krugerrand bullion coin is undeniable. It was a logical decision to display Paul Kruger on modern Krugerrand gold coins as well because Kruger stands like nobody else for the freedom and independence of South Africa. He was fighting with all his power to prevent his country from getting overtaken by the British Empire. The tremendous interest in occupying South Africa, which was part of the Boer states, was undoubtedly also driven by the fact that one of the biggest known gold fields, called the Witwatersrand, was discovered in 1886. The overwhelming power of the British army forced Paul Kruger to beg for help in the Netherlands and Germany, but neither the Dutch monarchy nor the German Emperor was willing to interfere with the conflict. Heartbroken, Kruger decided not to return to South Africa because he could not see his country ruled by the British Crown. He died in 1904 in Switzerland, where he found exile.

Most Krugerrand coin buyers know some facts about Paul Kruger, but many people don’t know much about his exciting life. Most buyers also don’t know much about this unusual coin itself. For instance, the Krugerrand gold coin is the only successful bullion coin made of 91.67% pure gold and not made of .999 fine gold. Actually, for many gold investors, buying coins not made of .999 pure gold is a “no-go,” but this buying criterion excludes the Krugerrand coins. This can probably be explained by the fact that this gold coin is easy to trade all over the world. Every coin dealer—from Hong Kong to New York—knows about the coin’s specifications, which makes it easy to turn the gold coin back into money.

Types of Krugerrand Gold Coins

Of course the most common coin sizes are still 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce, but due to the high demand and the increased gold price, Krugerrand gold coins are also available as 1/50 ounce, 1/20 ounce, 5 ounce, and 50 ounce versions. Rand Refinery tries to fulfill the demands of both real gold investors seeking heavy coins and private people looking for smaller, more affordable coins.

The Whole Gold Coin Family

Size

Diameter

Gross Weight

Gold Content

50 oz

100.00 mm

1,696.50 grams

1,555.15 grams

5 oz

50.00 mm

169.65 grams

155.51 grams

1 oz

32.77 mm

33.93 grams

31.10 grams

1/2 oz

27.07 mm

16.96 grams

15.55 grams

1/4 oz

22.06 mm

8.48 grams

7.77 grams

1/10 oz

16.50 mm

3.39 grams

3.11 grams

1/20 oz

12.00 mm

1.69 grams

1.55 grams

1/50 oz

8.00 mm

0.67 grams

0.62 grams

The value of Krugerrand coins is inevitably connected to the current gold price, which is why we can’t display the current price, as it changes constantly. Click here to check the Krugerrand value (third-party website providing live quotes).

A Common Question: Why Is the Color So Different?

A common question related to Krugerrand gold coins is the question about the color. Some first-time Krugerrand buyers might even be concerned and believe they bought a fake coin when they compare the Krugerrand with other gold bullion coins. But the color is nothing to worry about because the coin is made of 91.67% gold and 8.33% copper. The copper makes the coin appear different when compared with gold coins made of .999 pure gold.

The Gold-Copper Compound Makes the Krugerrand Look Special

More Krugerrand Coins: Silver & Platinum

Since 2017, Krugerrand coins have also been available in silver and platinum—both as 1 ounce coins. The decision to mint Krugerrand coins also in silver and platinum was probably based on the fact that most bullion coin manufacturers provide at least a silver version in addition to gold coins.

The wait is over: 2017 Proof Silver Krugerrands now available online!

 

2017 Raw Silver Krugerrands for as low as $47.95!

The World’s Most Popular Bullion Coin, the Krugerrand, Now Released in Silver

ModernCoinMart and GovMint.com are bringing North American customers the chance to own the highly-anticipated first-ever Silver Krugerrand.

Sarasota, Florida, April 12, 2017 (Newswire.com) – ​The Gold Krugerrand holds the title of being the world’s first modern gold bullion coin, and is still one of the most widely traded gold coins around the globe today. It’s also one of the world’s most popular investment coins, and has had such a monumental impact, that it is now being offered in silver. To celebrate the 50th anniversary of the Krugerrand flagship gold bullion coin, the South African Mint has struck the very first, legal tender premium uncirculated 1 ounce Silver Krugerrand.

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On July 3, 1967, the South African Mint issued the first Gold Krugerrand coins to help market South African gold, which at the time, accounted for 70 percent of the world’s total output of gold. By 1980, the Krugerrand accounted for 90 percent of the global gold coin market. The name of the coin was derived from Boer statesman Paul Kruger, four-term president of the old South African Republic, and the rand, which is the South African unit of currency.

To date, more gold Krugerrands have been minted and circulated than all other gold bullion coins combined. Because of the coin’s popularity, it has also been a great way to track the price of gold around the globe. The Gold Krugerrand’s popularity and investment value has made its new Silver Krugerrand counterpart highly-anticipated and hoped for by collectors.

ModernCoinMart debuted a test strike of the Silver Krugerrand at the Florida United Numismatists (FUN) Show in Fort Lauderdale, Florida in early Jan. 2017. It was the first time the coin was seen in person in North America. Both ModernCoinMart and its sister company GovMint.com now offer the coin for sale on their websites. The Silver Krugerrand has the same simple, classic design as the gold coin. The coin bears the face of Paul Kruger and the Springbok antelope, one of the national symbols of South Africa, along with special 50th anniversary Mint mark.

“ModernCoinMart and GovMint.com are excited to offer the first-ever 2017 Silver Krugerrand as the exclusive North American distributors for this coin,” says Steve Wolff, VP of Product Development of ModernCoinMart. “The worldwide popularity Gold Krugerrand has really made the silver version a great collector item. Proof and bullion versions of the Silver Krugerrand will also be released at a later date.”

To learn more about the companies and purchase the new 2017 Silver Krugerrand, visit ModernCoinMart.com or GovMint.com.

About ModernCoinMart

ModernCoinMart, established in 2004, has pioneered the modern coin market online. The company has a professional customer service team, offers free domestic shipping on all orders with no minimum, and strives to bring their customers the lowest possible prices. To learn more, visit ModernCoinMart.com.

About GovMint.com

For more than 30 years, GovMint.com and its related companies have been a trusted source for collector coins for over one million customers. With headquarters located in Minneapolis, MN, they are one of the largest retailers of rare and collectible coins in the country. To learn more, visit GovMint.com.

Contact Information

Steve Wolff
VP of Product Development
swolff@govmint.com
952-707-7120

Add 50 years of the Krugerrand legacy to your collection while you can!

Silver Krugerrands – ER and FR certified rolls are here!

2017 Fractional Proof Gold Krugerrands available for first time ever!

2017 Proof Gold Krugerrands: The Legacy Continues

Now available in 3 affordable sizes!

First issued in 1967, the South African Gold Krugerrand was the world’s first modern gold bullion coin. Now, 50 years later, this powerhouse series continues to be one of the most celebrated gold bullion coins on the market.

2017 South Africa 1/50 oz. Gold Krugerrand Proof NGC PF70 UC (Black Core Holder – Exclusive South Africa Label)

Right now, you can add the rich history of the South African Krugerrand to your collection with 2017 Proof Gold releases that are not only available in the popular 1/10 oz. size but also 1/20 oz. and 1/50 oz. sizes for the first time ever. These new sizes issued by the South African Mint have made it even more affordable for many to obtain the revered gold standard.

2017 South Africa 1/20 oz. Gold Krugerrand Proof NGC PF70 UC (Exclusive South Africa Label)

Both ungraded and certified coins are available. Choose from GEM Proof coins that come complete with their original Government Packaging or graded releases that have each been expertly examined and certified to be PF70 UC by the Numismatic Guaranty Corporation.

To ensure a truly remarkable acquisition, ModernCoinMart (MCM) is proud to offer these certified coins in both black and white cores paired with our exclusive South Africa label.

Don’t wait another 50 years–add a piece of the South African Gold Krugerrand legacy to your collection today.

Shop 2017 Gold Krugerrand Coins NOW!

The sold-out 2017 Re-Issue of the 1967 Gold Krugerrand is here!

The 1967 Gold Krugerrand Re-Issue

A Golden Masterpiece Celebrated 50 Years Later

For over 50 years, the Gold Krugerrand has remained one of the best-selling gold coins ever struck. With their easily-identifiable appearance and a long history within numismatics, South African Gold Krugerrands have created an impressive legacy in the precious metals market.

2017 South Africa 1 oz. Prooflike Gold Re-Issue of 1967 Vintage Krugerrand GEM Prooflike (Original Mint Packaging)

To celebrate the resilient popularity of their flagship coin, the South African Mint has issued an official high-quality re-issue using dies from the tooling for the original 1967 Gold Krugerrand. Each coin bears the 1967 date as issued and includes a small 2017-dated privy mark to authenticate the coin as legal tender. Half-a-century after the first Krugerrand, the 2017 1 oz. Gold 1967 Vintage Krugerrand Re-Issue is now available to customers in the original South African Mint packaging.

Collectors are sure to enjoy the contrast of the Krugerrand’s fine gold Proof finish against the black, felt-like interior of the coin’s lacquered wooden box. As a special touch — the South African Mint has issued a special mintage of only 1,967 coins to reflect the Krugerrand’s original release date. These 1,967 coins quickly sold out at the mint and prices have already risen in the secondary market!

Don’t miss the chance to commemorate the coin that started it all, add this beautiful 2017 re-issue of the 1967 Gold Krugerrand to your collection today.

Secure this special re-issue NOW!