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2019 | Krugerrand

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Struck for the first time on 3 July 1967, with the aim of marketing South African gold, this legend in the coin industry was conceived when the concept of a legal tender gold coin linked to the daily gold price was introduced in South Africa.

The effigy of Paul Kruger, the first President of the Zuid Afrikaansche Republiek (ZAR) is depicted on the obverse. The reverse was originally designed and engraved by the famous sculptor, Coert Steynberg, and features one of South Africa’s national animal, a Springbok.













 

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FLIPBOOKS
2019 Gift Catalogue
2019 Collectable Coins


The iconic Krugerrand celebrated its 50th anniversary in 2017. To celebrate the enduring value of this trusted and legendary gold coin, the Krugerrand range was extended with new sizes and metals.

Following the success of this extended range, in 2018 we bring you some of the popular new sizes from 2017, and introduce yet another new size: the 2oz gold coin. The silver proof Krugerrand also makes a return.

The standard four gold coins saw the introduction of four additional sizes: a 50oz and 5oz on the large end of the scale, and a 1/20oz and 1/50oz on the smaller side of the scale.

As with the original gold coin minted on 3 July 1967, the 2018 gold Krugerrand range bears the classic springbok design on the coins.














 

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FLIPBOOKS
2018 Gift Catalogue
2018 Museum Brochure

The iconic Krugerrand, regarded by many as the coin that started modern gold coin collecting, celebrates its 50th anniversary in 2017 since it was first struck on 3 July 1967. To celebrate the enduring value of this trusted and legendary icon, it has been produced for the first time in different metals, as well as different denominations in 2017.
The common reverse on the 2017-dated Krugerrands features South Africa’s national animal, the springbok, as designed and engraved by sculptor Coert Steynberg and first used on the 1947 5-shilling coin. They also all bear a ‘50th anniversary’ privy mark to commemorate the enduring value of this internationally recognised brand.





















 

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1oz, 1/2 oz, 1/4 oz and 1/10 oz

 

The iconic Krugerrand has kept the same design since inception in 1967, and every new instalment bears the current year. The Krugerrand numismatic proof range is comprised of one, half, quarter and tenth ounce coins.

The year 2016 marks the 50th year since the striking of the first Krugerrand (although the coin only became available in 2017). The proof Krugerrand range is available in limited quantities as a set of individual coins.

Reverse
The reverse of all four coins features a prancing springbok and the current year, with the word “Krugerrand” above the animal and the gold content below.

Obverse
The obverse of the coins bear a bust of South Africa’s president, Paul Kruger, at the time that the original Krugerrand was first introduced.

 

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The Krugerrand has always roused interest among coin enthusiasts and the general public. This is not surprising. Gold has captivated humankind for centuries, and gold coins represent wealth and prestige. The Krugerrand’s classic design kindles memories of a bygone era and symbolises the romance and allure of gold.

This iconic legal tender was launched in 1967. It contains one troy ounce of pure gold. In 1980, the fractional Krugerrands – of 1/2oz, 1/4oz and 1/10oz – were added to this historic coin series.

The design on the obverse of each of the four coins dates back to the county’s first circulation coin series introduced in 1892 by the then President of the Zuid Afrikaanse Republiek, Paul Kruger. His bust, featured on the Kruger pounds and shillings, was created by the die-engraver Otto Schultz. The reverse design of the prancing springbok, South Africa’s national animal, was modelled by Coert Steynberg. It was originally created for the commemorative 5-shilling coin issued in 1947 to celebrate the visit of the British Royal Family to South Africa.

The name ‘Krugerrand’ comes from Paul Kruger and the rand, the monetary unit of South Africa, which is associated with the Witwatersrand, ‘the ridge of white water’, the gold-producing area discovered in 1886. The discovery of this gold reef changed the history of South Africa. Overnight, a hub of commerce was established as thousands flocked to the country. An era of unprecedented expansion began. South Africa became the world’s biggest gold producer. During the late 1960s and early 1970s, 75 per cent of the world’s gold was produced here. The promotion of gold was considered vital, not least as an investment, following the collapse of the Gold Standard in 1971.

The vehicle chosen to drive demand was the Krugerrand, which was developed in the 1960s by the Chamber of Mines working closely with the South African Reserve Bank and the South African Mint. The Krugerrand was the world’s first ounce-denominated gold coin. It was mass-produced to enable everyone to purchase gold easily – and at a low premium above the gold price.

Although Krugerrands are legal tender, they have never recorded a face value. The value of each coin is directly related to the prevailing value of its gold content.

Today, Krugerrands are issued as bullion coins and as proof quality collectors’ coins.

This Krugerrand Prestige Set contains the four proof quality coins issued in 2015 as a limited edition.