A gold coin minted in South Africa containing 1 oz of gold. The Krugerrand, minted by the Rand Refinery in Johannesburg was the first bullion coin in the world. It is unusual in that it is only 22K pure compared with other widely traded bullion coins such as the Canadian Maple Leaf, the Australian Nugget and the Chinese Panda which are 24K pure.

South African gold coin. Click on Modern Gold Bullion Coins.

a gold coin minted by the Republic of South Africa, but it

South African gold coin Gold Krugerrands from South Africa were introduced in 1967, and dominated the gold bullion market in the U.S. from 1974 through the early 1980's. They are struck in 22 karat gold (91.7% pure), each coin containing a full measure of pure gold, plus additional copper as an alloy.

A Krugerrand is a South African gold coin, first minted in 1967 in order to help to market South African gold. The coins have legal tender status in South Africa but are not actually intended to be used as currency.