This unique 22 carat, 1 troy ounce fine gold coin had no denomination because its value was linked to the daily gold price. The obverse of the Krugerrand, depicting the effigy of Paul Kruger, was struck from the original die used in 1892 for the Kruger half-crown coin. The reverse was designed and engraved by Coert Steynberg, a famous South African sculptor, and depicted a prancing springbok, a national symbol.
The legal tender 22 carat gold Krugerrand was the brainchild of the South African Chamber of Mines and first became available to the public in 1967. The concept of the Krugerrand was basically to promote RSA gold internationally but when the gold standard was under pressure in the 1960’s, the Chamber of Mines developed its marketing further to enable the ordinary man on the street to be able to own his piece of RSA gold.
• Multiples of 10 are packaged in Original Rand Refinery mint tubes.