Krugerrand 1 oz Gold 1980
Gold coins with the image of the springbok antelope have been minted continuously since 1967. Initially, they were only produced 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. They are 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, having 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, above which are the words "SUID-AFRICA" AND "SOUTH AFRICA".
Rewers depict a springbok antelope, the symbol of South Africa. On either side of it are numbers representing the year of minting, with the words "Fyngoud 1oz fine gold" underneath, indicating the pure gold content.
Producer code
6382
Series
Form
Gold coin
Weight
1 oz
Metal type
Au .916
Diameter
32.61 mm
Denomination
Krugerrand
Edge
Reeded
Quality
mint condition
Producer
The South Africa Mint
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