0.5 oz Krugerrand

Description

Arguably the world’s most popular, and at one time its only, gold bullion coin is the South African Krugerrand. For more than a decade, this coin ruled the global precious metals marketplace as the only gold bullion coin available for private investors and collectors. Today, JM Bullion offers you the chance to purchase your very own ½ oz South African Gold Krugerrand coin from random years of production.

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 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.