The South African Gold Krugerrand Coin, highly regarded as the world’s first modern bullion coin, initiated gold investment and set the standard for precious metals worldwide. Its groundbreaking concept and lasting value have appealed to gold investors for over half a century.
In this engaging overview, we review the craftsmanship, purity, and pioneering legacy of the South African Gold Krugerrand Coin.
Introduced in 1967 as the first gold coin designed specifically for investment, the South African Gold Krugerrand Coin transformed the global gold market. Composed of 91.67% pure gold (22 karats) with copper alloy for added resilience, the Krugerrand became the model for bullion coins worldwide.
The coin’s intricate design features the profile of Paul Kruger, a prominent South African leader, on the obverse and the elegant springbok antelope, a symbol of South Africa’s diverse fauna, on the reverse. With its one ounce weight and lack of face value, the Krugerrand is recognized for its intrinsic worth, pioneering spirit, and universal appeal. Learn more about the Gold South African Krugerrand in this intriguing series of articles written by industry experts.
South Africa, well known for its history of revolutions, had its first historic revolution starting with the diamond rush and, shortly thereafter, the discovery of gold-rich mineral deposits, or geologic ‘reefs.’ Aptly named the Mineral Revolution, this event set the stage for economic transformation, eventually attracting substantial investment and shaping the country’s future.
At the turn of the century, the Krugerrand world supply was substantial, and soft demand led to very attractive, near-zero buying price premiums over bullion. This changed as gold’s popularity as an investment surged, particularly during the 2008 apex of the Great Recession, which began in 2007. Read on to explore how Krugerrands, along with other gold coinage and bullion, has evolved through three distinct phases of the 21st century.
From 2000 to 2007, there was an abundant supply of gold bullion coins for investment, and premiums over bullion were low. This made it an ideal time to buy Krugerrands, which were priced nearly at the cost of bullion. For example, Monex’s year-end ASK prices for Krugerrands averaged just 0.6% over bullion between 2000 and 2007.
Want your offer sooner?
Faster delivery
is available by phone.
800-444-8317
Faster delivery is
available by phone.
Gold 
