2017 South African Gold Krugerrand Coin 1 oz
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Gold Krugerrand coins were the first South African Bullion Gold Coins released in the precious metals market. Manufactured by the South African Mint, one of the oldest mints in the world, these 2017 1 oz Gold Krugerrand coins are also crafted from 22 karat gold, like its predecessors, which have a purity of .9167 gold.
Interestingly, they were first introduced in the year 1967, and by 1980, captured 90% of the bullion market. Although these coins have no face value, their value stems from the precious gold used to mint this coin. This 2017 release celebrates the 50th anniversary of this world-renowned Gold Krugerrand Coin.
The South African Mint is the official mint of the Republic of South Africa and manufactures coins on behalf of the South African Reserve Bank. In fact, the Mint is the sole producer of currency coins for the whole country. Other than producing South African Rand coins, the Mint also produces currency coins for Zimbabwe and South Sudan.
The portrait of Paul Kruger, the first President of the Republic of South Africa, graces the obverse of this coin. Also imprinted on either side of this portrait are the words ‘South Africa’ and ‘Suid-Africa’ (South Africa in Afrikaans).
The reverse of the coin features the iconic and beloved Springbok Antelope which is the national animal of the country. Moreover, the word Krugerrand is stylishly imprinted towards the top of the coin face, seen. Other things mentioned on this face are the weight of fine gold and year of issue of the coin.
Gold Krugerrands have always held a special place in the precious metals market, enjoying mass popularity for over 50 years. These 1 ounce Krugerrands are the perfect method of enhancing your investment portfolios with quality Gold, as well as keeping your Krugerrand collections complete. Additionally, the 2017 release being the 50th release of this world-renowned coin enhances its desirability for both investors and collectors.