Krugerrand 1 oz Gold 2004
The Krugerrand, the world's most famous and appreciated investment coin. This one-ounce bullion coin is struck from 916 fine gold with a small admixture of copper (8.333%). The addition of copper contributes to the coin's increased resistance to scratching and also gives it a unique colour. It is worth noting that the gold krugerrand contains one ounce of 24 carat gold and its total weight is 33.93g.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 of 1/2, 1/4 and 1/10 ounce gold have been introduced. Interestingly, the name of the gold bullion coin is a combination of the words "Kruger" and "rand" - which is the name of South Africa's currency.Krugerrands are produced by the South African 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, 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 Averse is decorated with a portrait of the President, Paul Kruger, with the words "SUID-AFRICA" AND "SOUTH AFRICA" above it. The Rewers depicts 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.Do you need help? Do you have any questions?Ask a question and we'll respond promptly, publishing the most interesting questions and answers for others. 
