1 oz Krugerrand

Description

Each 1983 1 oz South African Gold Krugerrand Coin is available to you online in protective plastic flips. These coins come from the 17th issue of the South African Gold Krugerrand and have a mintage of 3.386 million coins.

Krugerrand value:

The Krugerrand coin determines its value by its gold content plus a premium that is dictated by market conditions. (Gold Price per ounce)

TheKrugerrandis a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.The name is a compound ofPaul Kruger, the former President of the South African Republic (depicted on the obverse), andrand, the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa’s national animal.

By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980’s and 1990’s, Krugerrand’s fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.