Arguably the world’s most popular, and at one time its only, gold bullion coin is the South African Krugerrand. For more than a decade, this coin ruled the global precious metals marketplace as the only gold bullion coin available for private investors and collectors. Today, JM Bullion offers you the chance to purchase your very own ½ oz South African Gold Krugerrand coin from random years of production.
- World’s longest running gold bullion coin program!
- Ships in a protective flip or sealed tubes of 15.
- Contains ½ oz of 22-karat (.9167) gold.
- Depicts the springbok antelope on the reverse.
- Paul Kruger, namesake of the coin, featured on the obverse.
- Official bullion product of South Africa.
At a time when no other mint in the world was striking a gold bullion coin, the South African Mint introduced the Gold Krugerrand as a way to export its vast gold and encourage private investment in gold bullion products.
Debuting in 1967, the Krugerrand would eventually come to account for more than 90% of the global gold coin marketplace. It would stand alone as the premier gold coin of the world until 1979 when the Royal Canadian Mint released the Canadian Gold Maple Leaf.
The downfall of the South African Krugerrand is the result of political maneuvering and not lack of quality in the product. South Africa’s apartheid system, which separated black and white South Africans, led to a Western boycott on the import of South African Krugerrands in the late 1970s and 1980s.
Even while it was banned for import in the West, an estimated 22 million Krugerrands entered the United States alone between 1974 and 1985. Today it remains as an excellent example of gold bullion coin craftsmanship.
On the obverse is a design from Otto Schultz featuring the left-profile portrait of Paul Kruger, the four-term president of the old South African Republic under Boer control, and the man whom the coin would come to be named after.
The reverse features the springbok antelope, the official emblem of South Africa. Both sides of the coin feature engravings in English and Afrikaans. The coins you’re purchasing today from JM Bullion have varying years of issue, and the exact specimens you receive depend upon availability at the time your order is fulfilled.
If you have questions, don’t hesitate to ask. JM Bullion associates are available at 800-276-6508, online using our live web chat, and via our email address.