Krugerrand 1/10 oz Gold 2024
Gold coins with the image of the springbok antelope have been minted continuously since 1967. Initially, they were produced only in one ounce weights, however, since 1980, Krugerrands in 1/2, 1/4 and 1/10 ounce gold weights have been introduced. Interestingly, the name of the gold bullion coin was created by combining the words "Kruger" and "rand" - which is the name of the currency in South Africa.
Krugerrands are produced by South Africa's Rand Refinery mint. It is a fully fledged means of payment, guaranteed by the South African government as to the legality, purity of the bullion and the origin of the metal. It is interesting to note that although Krugerrands are full-fledged legal tender, they have no monetary value. This means that the South African Reserve Bank is obliged to repurchase the coins at the prevailing gold price.
The obverse is decorated with a portrait of the President, Paul Kruger, with the words 'SUID-AFRICA' AND 'SOUTH AFRICA' above it. The designer of the obverse was Otto Schultz.
Rewers depicts a springbok antelope, the symbol of South Africa. On either side of it are numbers representing the year of minting, with the inscription "Fyngoud 1/10oz fine gold" underneath, indicating the pure gold content. The reverse was designed by Coert Steynberg.
Series
Type
Gold coin
Country
Republika Południowej Afryki
Projektant
Otto Schultz / Coert Steynberg
Metal type
Au .916
Weight
1/10 oz
Diameter
16,5 mm
Denomination
Krugerrand
Year
2024
Edge
Reeded
Coin tubes (Pc.)
50
Packaging
Coin Capsules
Quality
mint condition
Producer
The South Africa Mint
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