SOUTH AFRICAN KRUGERRANDS

SOUTH AFRICAN KRUGERRANDS 2016-11-05T06:34:26+00:00

Project Description

The Krugerrand is the most widely held and actively traded bullion coin in the world. Named after the famous South African President and nature conservationist Paul Kruger and the South African monetary currency, Krugerrands have been legal tender worldwide since the first coin was struck on the 3 July 1967. As the world’s first ounce-denominated gold coin, the Krugerrand was developed by the Chamber of Mines of South Africa on behalf of the South African gold mining industry and authorised by the South African Reserve Bank The Krugerrand became the chosen vehicle to promote South African gold as an investment vehicle into the international markets.

It’s probably fair to say it’s the most bullion orientated coin of them all as its design hasn’t really changed in over 45 years since its release. This severly dampens its appeal to the coin collector, although many try to collect sets of the proof coins; difficult given the very limited mintages available for some years.

The Krugerrand’s actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 carats), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin’s weight (2.826 g) is copper (an alloy known historically as crown gold which has long been used for English Sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Copper alloy coins are harder and more durable, so they can resist scratches and dents.

The Krugerrand is so named because the obverse, designed by Otto Schultz, bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a Springbok, one of the national symbols of South Africa. The image was designed by Coert Steynberg  and was previously used on the reverse of the earlier South African five shilling coin. The name “South Africa” and the gold content are inscribed in both Afrikaans and English.

Since September 1980, Krugerrands have also become available in three different sizes containing exactly 1/2 ounce, 1/4 ounce and 1/10 ounce of pure gold.

The word “Krugerrand” is a registered trade mark owned by Rand Refinery Ltd of Germiston.

CATEGORY 1 oz 1/2 oz 1/4 oz 1/10 oz
GOLD CONTENT (g) 31.103 15.552 7.776 3.110
FINENESS (Purity %) 91.67 91.67 91.67 91.67
COIN WEIGHT (g) 33.930 16.965 8.482 3.393
REMEDY +0.07 +0.035 +0.02 +0.01
DIAMETER RANGE (mm) 32.77-32.61 27.07-26.93 22.06-21.94 16.55-16.45
THICKNESS RANGE (mm) 2.84-2.74 2.215-2.115 1.888-1.788 1.35-1.25
SERRATIONS (nr.) 180 150 140 115
FIRST ISSUED 1967 1980 1980 1980
AU-Krugerrand-BOTH
KRUGERRANDPROOF
Comprehensive resource on proof Krugerrands

YEAR 1oz Bullion 0.5oz Bullion 0.25oz Bullion 0.1oz Bullion 1oz Proof 0.5oz Proof 0.25oz Proof 0.1oz Proof
1967 50,000 10,000
1968 30,000 9,500
1969 30,000 10,000
1970 211,018 10,000
1971 556,200 6,000
1972 550,200 6,625
1973 859,300 10,000
1974 3,203,675 6,352
1975 4,803,925 5,600
1976 3,004,945 6,600
1977 3,331,344 8,500
1978 6,012,293 8,500
1979 4,940,755 8,500
YEAR 1oz Bullion 0.5oz Bullion 0.25oz Bullion 0.1oz Bullion 1oz Proof 0.5oz Proof 0.25oz Proof 0.1oz Proof
1980 2,845,872 245,096 353,916 856,011 12,000 60 60 60
1981 3,108,968 257,063 844,737 1,108,331 12,900 9,000 7,500 7,500
1982 2,179,120 222,044 695,755 1,017,192 16,960 13,000 11,270 11,270
1983 3,169,200 227,435 545,292 741,222 19,100 13,600 12,075 12,075
1984 2,305,128 197,438 622,813 755,988 14,000 9,600 13,020 13,020
1985 609,837 98,783 354,964 382,137 10,224 5,945 6,700 6,700
1986 698,600 17,134 15,044 81,451 21,040 8,613 8,613 8,612
1987 312,177 10,398 8,806 53,628 11,352 5,389 6,050 6,065
1988 307,612 3,214 8,418 54,058 5,074 3,088 2,362 2,862
1989 308,923 4,254 6,513 40,875 5,070 3,727 3,316 3,316
YEAR 1oz Bullion 0.5oz Bullion 0.25oz Bullion 0.1oz Bullion 1oz Proof 0.5oz Proof 0.25oz Proof 0.1oz Proof
1990 286,808 3,996 6,980 52,225 3,032 2,850 2,750 3,459
1991 42,334 2,678 5,815 44,206 2,181 3,459 1,626 3,524
1992 50,630 4,366 7,601 55,440 2,067 1,501 1,629 1,789
1993 163,909 14,156 19,663 72,477 3,963 2,439 3,061 3,811
1994 278,815 17,709 22,091 87,814 1,761 2,146 1,874 2,215
1995 8,285 17,694 15,459 43,159 1,678 1,012 1,095 1,612
1996 17,163 2,488 7,867 36,035 2,188 1,788 1,853 4,000
1997 12,199 10,746 12,889 39,664 1,663 2,000 1,440 2,410
1998 12,703 7,984 14,174 30,386 2,000 1,303 1,701 1,799
1999 21,845 23,738 28,671 50,098 2,787 1,924 1,558 2,782
YEAR 1oz Bullion 0.5oz Bullion 0.25oz Bullion 0.1oz Bullion 1oz Proof 0.5oz Proof 0.25oz Proof 0.1oz Proof
2000 6,657 2,593 2,517 19,567 3,188 3,462 3,600 4,603
2001 33,406 3,337 5,846 21,938 5,168 3,696 2,503 4,058
2002 85,841 2,724 4,464 13,420 2,931 2,295 2,442 3,110
2003 41,995 2,363 4,279 7,345 2,136 1,895 3,060 2,583
2004 87,794 2,847 604 868 2,338 2,134 3,416 2,657
2005 27,570 6,338 8,141 21,560 763 2,000
2006 50,790 9,576 8,645 14,743 1,969 2,000 3,000 3,000
2007 194,451 11,775 3,890 8,769 2,000 2,000 3,000 3,000
2008 256,288 10,999 13,685 14,681 1,500 1,500 3,000 3,000
2009 731,262 40,071 37,325 83,181 1,500 1,500 3,000 5,000
YEAR 1oz Bullion 0.5oz Bullion 0.25oz Bullion 0.1oz Bullion 1oz Proof 0.5oz Proof 0.25oz Proof 0.1oz Proof
2010 613,870 25,714 39,244 58,731
2011 722,938 32,718 35,025 79,151
2012 716,295 50,035 41,659 80,102
2013
2014
2015
2016
2017
2018
2019

 

 

THE RAND REFINERY

 

 

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