Krugerrand

1 oz Au 916

10 days
Country
South Africa
Metal
Au 916
Weight
31,1 g
Size
Ø 32,61 mm
Quality
BU
Date of issue
2021-01
Accessories
Capsule
Avability
10 days
Price: 6,982.23 PLN
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Krugerrand is one of the best known and most frequently purchased investment coins in the world.

The coin is struck from 916 gold with a small admixture of copper (8.333%). The addition of copper improves the scratch resistance of the coin and gives it a unique colour.

The coin features an image of springbok antelope. Coins with its image have been minted continuously since 1967. Coin name created by combining the words "Kruger" with "Kruger". (from the name of the President of South Africa) and "rand", which is the name of the currency in South Africa.

Krugerrands are produced by the South African Mint - Rand Refinery. They are legal tender, guaranteed by the South African government as to the legality, purity and origin of the metal. It is interesting that although Krugerrands are legal tender, they have no monetary value. This means that the South African Reserve Bank is obliged to buy back the coins at the prevailing price of gold.

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