South African Gold Krugerrand coins debuted in 1967 as South Africa sought to market its gold to private investors around the world. For more than two decades, the Krugerrand was the only option for those looking to invest in or collect gold coins. On the reverse of all South African Gold Krugerrand coins is the image of a Springbok antelope. Both sides of the coin have engravings in both English and the native Afrikaans spoken by tribes and ethnic groups in South Africa. The designs on the modern obverse and reverse were refined in 1984, with Otto Schultz revitalizing Kruger’s portrait and Coert Steynberg reimagining the Springbok antelope.
Production levels of Krugerrands have varied during the last 50 years. During 1967–1969, around 40,000 coins were minted each year. In 1970, the number rose to over 200,000 coins. More than one million coins were produced in 1974, and in 1978 a total of six million Krugerrands were produced. Following the end of apartheid, the production dropped to 23,277 coins in 1998 and since then levels have increased again, but not reaching pre-sanction levels. Krugerrands are still a popular coin making them easy to buy and sell.
Fractional coins also available.
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