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The Krugerrand (/ ˈ k r uː ɡ ə r æ n d /; [1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.
Starting in 1967, however, they were gradually replaced by the Krugerrand coins, especially after the issue of the smaller Krugerrand denominations from 1/10 to 1/2 oz in 1980. The 1 rand coin was in silver and has the diameter of 32.7 mm and weighs 15 grams from 1967, but from 1970 to 1990, the 1 rand coins were smaller by 1.7 mm and it weighs ...
After the Union but before 1923, coins in circulation were mostly British, but the coins of Paul Kruger's South African Republic remained in circulation. In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1).
According to Kruger, by using them for charitable giving purposes, you can reduce or eliminate your RMDs. ... These 11 Rare Coins Sold for Over $1 Million. The 5 Most Expensive End-of-Year Money ...
Your old coins aren't the only items that could make you rich now -- Find out what your old baseball cards could be worth: Related Articles. AOL.
In terms of the gold amounts recorded, this is where accounts differ and the legend of the Kruger Millions begins. Jan Smuts suggests after weighing and recording this data, the gold sent to Middelburg consisted of gold bars, unprocessed gold and approximately 100,000 ponds to the value of 750,000 pond or around 170,000 ounces.
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