South African Krugerrands
The Krugerrand was first minted in 1967 by the South African Mint as a vehicle for private ownership of gold. By 1980, Krugerrand 1 oz gold coins dominated the global precious metals investment market with over 90% marketshare. The Silver 1 oz Krugerrand was introduced in 2017 and remains popular with investors.
Learn More About South African Krugerrands
The South African Mint has maintained the same iconic design since its debut. Artist Otto Schultz designed the obverse, which features a portrait of former President Paul Kruger, who served as the leader from 1883 until 1902. He is most revered for helping bring independence from Britain during colonial times.
The coin's reverse features a design that pays tribute to the nature found in the country. The Springbok antelope is a national animal. On the reverse of the coin, the Springbok is shown in a graceful stride, prancing across the plains in the center of the design field. Various inscriptions are included around the edge of the coin. The design was created and engraved by artist Coert Steynberg.
The Krugerrand coin is named after the former South African President Paul Kruger, and the rand is the name of the South African unit of currency.
Krugerrand Composition
Gold Krugerrand
The gold krugerrand is minted from a 22k gold alloy that mixes 91.67% pure gold with 8.33% copper (cu) added for strength, durability, and color. The copper gives the coin its unique orange hue.
Fractional gold Krugerrands are also available in 1/2 oz, 1/4 oz, and 1/10 oz weights.
Silver Krugerrand
Silver Krugerrands contain one troy ounce of .999 fine silver. The silver coin is available in only a single size and carries the same design as the gold variation.
These legal tender coins are backed by the government of South Africa and are a practical and proven store of value and wealth in an uncertain economy.
Where to buy the cheapest South African Krugerrands
We help find the best prices for the cheapest South African Krugerrands when you're ready to buy.
FindBullionPrices.com compares precious metals prices from trusted and reputable online bullion dealers to help you find the lowest prices on South African Krugerrands. The prices on our site are updated hourly and adjusted for spot silver price. This gives you the tools to compare silver prices.
