Krugerrands are a type of gold bullion coin that were first minted by the South African Mint in 1967. These coins are named after Paul Kruger, the former president of the South African Republic, and feature his portrait on the obverse side. The reverse side of the coin depicts a springbok, a type of antelope that is native to South Africa. Krugerrands quickly became popular among investors who were looking to diversify their portfolios with gold. Unlike other bullion coins, Krugerrands do not have a face value and are instead valued based on their gold content. They are made of 22-karat gold, which is an alloy of gold and copper that makes the coins more durable and resistant to scratches. One of the reasons why Krugerrands are so popular is their accessibility. They are widely available from dealers and can be bought and sold easily. Additionally, Krugerrands are recognized as legal tender in South Africa, which means that they can be used to settle debts or taxes. Despite their popularity, Krugerrands have also been the subject of controversy. During the apartheid era in South Africa, many countries boycotted Krugerrands as a way of protesting the South African government's policies. As a result, the demand for Krugerrands decreased significantly, and the South African Mint was forced to suspend production for several years. Overall, Krugerrands are a popular choice for investors who are looking to add gold to their portfolios. They are widely recognized and easily accessible, making them a convenient way to invest in precious metals.
gold, bullion, coin, South Africa, investment
CITATION : "Kevin Martinez. 'Krugerrands.' Design+Encyclopedia. https://design-encyclopedia.com/?E=362695 (Accessed on July 09, 2025)"
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