Krugerrand 1 oz Gold 1969

Krugerrand 1 oz Gold 1969 is minted from 916 gold with a small amount of copper (8.333%). The addition of copper increases the coin's resistance to scratches and gives it a unique color. It is important to note that the gold Krugerrand contains one ounce of 24-karat gold, with a total weight of 33.93g.

Gold coins featuring the image of the springbok antelope have been minted continuously since 1967. Initially, they were produced only in the one-ounce weight, but since 1980, Krugerrands weighing 1/2, 1/4, and 1/10 ounces of gold have been introduced. Interestingly, the name of this gold bullion coin is derived from the combination of "Kruger" and "rand"—the name of the currency in South Africa.

Krugerrands are produced by the South African mint, Rand Refinery. They are legal tender, guaranteed by the South African government for legality, purity of metal, and origin. It is intriguing that, although Krugerrands are legal tender, they have no monetary face value. This means that the South African Reserve Bank is obligated to buy back the coins at the prevailing gold price.

Obverse features a portrait of President Paul Kruger, with the words "SUID-AFRIKA" and "SOUTH AFRICA" above.

Reverse shows a springbok antelope, a symbol of South Africa. On either side of the antelope are the numbers representing the year of minting, and below is the inscription "Fyngoud 1oz fine gold," indicating the pure gold content.

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