Posted on Leave a comment

The Second Most Common Gold Bullion: Krugerrand 1 oz Gold Coin

Measurements:
  Weight: 33.40 Grams
  Purity: 91.67% Pure Gold (22K)
  Diameter: 32.6 mm
  Thickness: 2.74 mm

The Krugerrand was introduced in 1967, as a vehicle for private ownership of gold. It was actually intended to circulate as currency. Therefore it was minted in a more durable gold alloy, unlike most other bullion coins.

Despite the coin’s legal tender status, economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. These sanctions ended when South Africa abandoned apartheid in 1994.

By 1980 the Krugerrand accounted for 90% of the gold coin market. The success of the Krugerrand led to many other gold-producing nations minting their own bullion coins, such as the Canadian Gold Maple Leaf in 1979, the Australian Nugget in 1981, the American Gold Eagle in 1986 and the British Britannia coin.

In 1980, three smaller coins were introduced, with a half ounce, quarter ounce, and tenth ounce of gold.

Source: Wikipedia

Specifications
Denomination Diameter*
(mm) Thickness*
(mm) Weight
(g) Fineness Gold content Edge reeded
(g) (oz t)
1 oz 32.77 2.84 33.930 22 carat 91.67% 31.103 1.000 160**
1/2 oz 27.07 2.215 16.965 22 carat 91.67% 15.552 0.500 185
1/4 oz 22.06 1.888 8.482 22 carat 91.67% 7.776 0.250 150
1/10 oz 16.55 1.35 3.393 22 carat 91.67% 3.110 0.100 115
* Maximum dimensions

Leave a Reply

Your email address will not be published. Required fields are marked *