Description

The Krugerrand is a South African Gold coin that was first minted in 1967 by the South African Mint. As South Africa was rich in the Gold resource, the Krugerrand was produced so to help market South African Gold.

The name itself is a compound of “Kruger” (Paul Kruger, who is the man depicted on the rear face of the coin) and “rand” (which is the South African unit of currency). There was a period during the 1970s and 1980s when some countries banned the import of Krugerrands because of South Africa’s apartheid policies. Paul Kruger is shown on the obverse of the coin.