The 1 oz. Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold and encourage individual gold investment. By 1980 the Krugerrand comprised 90% of the global coin market, making it one of the most traded bullion assets in existence.
The coin is so named because the obverse, designed by Otto Schultz, bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a springbok, one of the national symbols of South Africa. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin.
The name “South Africa” and the gold content are inscribed in both Afrikaans and English. This 22 karat gold coin is alloyed with copper to give it a higher level of durability, similar to the Gold American Eagle. Gold South African Krugerrands are an unhedged asset, meaning they are minted in unlimited quantity to meet market demand.