1 oz 1979 Krugerrand Gold Coin
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The Krugerrand was first minted in 1967 to help South Africa market its gold. It is produced by the Rand Refinery in Germiston, a city in the East Rand of Gauteneng in South Africa. The name itself is a combination of "Kruger" (a past president of South Africa) and "Rand", the South African currency. The Krugerrand is minted from a more durable copper-gold alloy often referred to as "crown's gold" because of its use in English gold sovereigns, among others. It is 91.67% (22 karat) gold and 8.33% copper. The total weight of the coin is 1.0909 troy ounces (33.93 grams) and is therefore still 1 ozt (31.1035g) of pure gold.
The Krugerrand is one of the most popular gold bullion coins in the world, having accounted for around 90% of the global gold coin by 1980. This coin is synonymous with quality and reliability.
Add some age to your collection with the purchase of a 1 oz 1979 Krugerrand gold coin today.
- Ships individually in protective packaging
- Consisting of 1 oz of 9167 Fine Gold
- Obverse: Features a depiction Paul Kruger, the final president of the former South African Republic along with the inscriptions "SUID-AFRIKA" and "SOUTH AFRICA"
- Reverse: Features a depiction of a Springbok Antelope along with the year of issue, metal type, weight, and the inscription "KRUGERRAND"
Established in Germiston, South Africa, in 1920, The Rand refinery was constructed to efficiently maximize the abundant quantities of gold present in the beautiful African nation. The Rand refinery became globally recognized as the sole refiner and producer of the world's first bullion coin, the Gold Krugerrand, possibly the most recognizable bullion coin in the world. In addition to the production of the Krugerrand, the Rand Refinery is also responsible for the production of sleek, elegantly styled gold ingots.
|Otto Schultz (obverse), Coert Steynberg (reverse)|
|Bust of Paul Kruger and the words "SUID-AFRIKA·SOUTH AFRICA".|
|A Springbok Antelope with the mintage year 1979 on either side and the words "KRUGERRAND FYNGOUD 1 oz FINE GOLD".|
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