1/10 oz Krugerrand
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The Krugerrand was first minted in 1967 and by 1980 it accounted for over 90% of the worlds gold coin market. Over 50 million Krugerrands have been sold since production started.
- Gold Content: 0.1 oz
- Minimum Gross Weight: 3.412 g
- Purity: 22 ct
The Krugerrand is the most popular gold bullion coin of the 20th century. It’s ubiquity is one of the main reasons it is so well trusted among investors, and despite various drops in production, it remains a hugely popular coin. It’s status in the latter part of the 20th century saw the coin make up more than 90% of all gold coins on the global market by 1980. Numbers dropped during the anti-apartheid movements of the 1980’s, but production has since grown significantly since the end of the regime.
The name Krugerrand is made up of two parts, Kruger (the name of the South African Prime Minister, Paul Kruger) and Rand (the name of the South African currency). The 10 oz Krugerrand is the smallest of the standard nominations in size, weight and face value, although all Krugerrands have the same level of purity, 22 carats. Containing 0.1 oz of gold and weighing 3.412g, it remains one of the most reliable and pure of all government produced gold coinage.
The design of the Krugerrand has changed greatly over the years, but have always depicted former Prime Minister, Paul Kruger, on the obverse. One of the most common designs on the inverse is the South African Springbok.
Each 1/10 Krugerrand oz coin has been minted and verified by the South African government, which is one of the most trusted mints in the world. This guaranteeing of purity is key to the coins success and, like other coins minted from respected sources, often makes the coins more valuable than coins or gold produced from private sources.
Some Krugerrands are produced with highly limited numbers, making them extremely popular with collectors. This was particularly the case in 2017, when 50th anniversary coins were minted specifically with collectors in mind.