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Mintmark 1 oz Krugerrand
22 Carat Gold
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Commerative Medallion
Sterling Silver |
| Mass: |
33.930 gram |
15.00 gram |
| Diameter: |
32.69 mm |
32.69 mm |
| Metal Content: |
Au 916.67 Cu 83.33 |
Ag 925 Cu 75 |
| Reverse Die-Sinker: |
CL Steynberg |
B Hartland |
| Obverse Die-Sinker: |
O Schultz |
MJ Scheepers |
| Maximum Mintage: |
600 |
600 |
| Limited Edition of Set: |
300 |
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The legal tender 22 carat gold Krugerrand
was the concept of the South African
Chamber of Mines and first became
available to the public in 1967. When the
gold standard was under pressure in the
1960's a steady process of deregulation took
place in the gold market. The Chamber of
Mines developed the Krugerrand as an
investment opportunity for the “man in the
street”.
The Krugerrand contained exactly 1 troyounce
fine gold and its value was based on
the daily gold price. It was also legal tender
in South Africa, its country of issue and was
mass produced so that it could be sold at a
relatively low premium over the prevailing
gold price. In 1980 the fractional
Krugerrands (½ oz, ¼ oz and 1/10 oz) were
added to the 1oz Krugerrand to assist the
smaller buyer to obtain gold at an affordable
price.The Krugerrand dominated the world's coin
market over the next nine years but during
the years when sanctions were applied
against the South African government in the
mid 1980's, other mints took the opportunity
to issue their own bullion coins. However,
the Krugerrand had already established
itself as one of the leading brands in the
world and still remains so in the 21st century.
The South African Mint proudly sells proof
quality Krugerrands which are encapsulated
and issued with a numbered certificate of
authenticity. Limited editions of proof
quality Krugerrands are available in 1 oz,
1/2 oz, 1/4 oz and 1/10 oz, as singles or in
sets.




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