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By 1980, the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. [4] [5]
A bi-metallic R5 coin with added security features, including a grooved edge and micro-lettering on the reverse, was introduced in 2004. [8] The gold Krugerrand coin is produced in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz denominations. The silver Krugerrand was first introduced in 2017 to commemorate 50 years of the Krugerrand.
Download QR code; Print/export Download as PDF; ... Bullion coins or investment coins are coins made of precious metals, ... Krugerrand .9167: 1 ⁄ 20, 1 ⁄ 10 ...
A Krugerrand is a South African gold coin, first minted in 1967 in order to help market South African gold. The coins have legal tender status in South Africa. The Krugerrand was the first bullion coin to be tenderable at the market value of its face gold content and the first to contain precisely one ounce of fine gold.
The 1 ⁄ 2 cent coin was last struck for circulation in 1973. The 1 rand coin for circulation was introduced in 1967, followed by 2 rand coins in 1989 and 5 rand coins in 1994. Production of the 1 and 2-cent coins was discontinued in 2002, followed by 5-cent coins in 2012, primarily due to inflation having devalued them, but they remain legal ...
Two rare gold coins were donated at Kroger locations in St. Clair Shores for The Salvation Army's 2023 Red Kettle Campaign.
By law, the South African Mint Company is the only company allowed to manufacture South African legal tender coins such as the world-famous Krugerrand. Rand Refinery supplies all the gold used to manufacture the coins. It has been appointed the sole supplier of bullion Krugerrands to primary distributors both locally and internationally.
The United States Bureau of Industry and Security (BIS) assigns an alphanumeric code, known as the Commodity Classification Automated Tracking System (CCATS), to products classified under the Export Administration Regulations (EAR).