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It was minted in a copper-gold alloy more durable than pure gold. By 1980, the Krugerrand accounted for 90% of the global gold coin market. [8] That year, South Africa introduced three smaller coins containing 1 ⁄ 2, 1 ⁄ 4, and 1 ⁄ 10 troy ounce (15.6, 7.8, and 3.1 g) of gold. [9]
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 but are not actually intended to be used as currency. The Krugerrand was the first bullion coin to be tenderable at the market value of its face gold content.
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.
1 oz mintage (2018) Years minted ... 1 ⁄ 50, 1 ⁄ 25, 1, 5: 2004–present South Africa: Krugerrand.9167: 1 ... Gold Eagle.9167: 1 ⁄ 10, 1 ⁄ 4, 1 ...
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 ...
The second set comprises an 1893-1900 Lost Hoard Kruger full pond and a privy-mark also labelled with "The Lost Hoard" on the 2019 quarter oz gold proof Krugerrand. Both sets come with a booklet on the history of the Kruger Ponds by Professor François Malan and a replica of the Z.A.R. National Bank bag in which they were found.
By 1980 the Krugerrand accounted for 90% of the global gold coin market. The name itself is a compound of "Kruger" (the man depicted on the obverse) and "rand", the South African unit of currency. During the great bull market in gold of the 1970s, the gold Krugerrand quickly became the No.1 choice for investors worldwide wanting to buy gold ...
I suppose the denomination is "Krugerrand", as the coins read (for instance) "1/4 Krugerrand" in addition to "1/4 oz fine gold". I don't know, however, whether that is a monetary unit in South Africa, by law.--92.75.207.138 16:00, 24 August 2010 (UTC) Who says legal tender needs to have a denomination?