A gold South African Krugerrand, dated 1967: the first year that this influential bullion coin was issued. The obverse shows a portrait of Boer statesman, Paul Kruger, who gives the coin its name: a compound of Kruger and ‘rand’, the official currency of South Africa. This is paired with a reverse showing a ‘pronking’ springbok, the national animal of the country. This 1967 Krugerrand is composed of 33.93 grams of 22 carat gold. It’s not part of the 2017 fifty year restrike of the 60s design but is one of the 40,000 original Krugerrands struck in the coin’s first year of issue.
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A South African Krugerrand from 1967: the first year that this influencial gold bullion coin was issued.
What is a Gold Krugerrand?
The name Krugerrand combines the official currency of South Africa - the Rand - with the name of influential Boer statesman, Paul Kruger.
A portrait of the late nineteenth century President of South Africa has appeared on the obverse of the Krugerrand since its first issue. This design, modelled by Otto Schultz during Kruger’s lifetime, is paired with an image of the national animal of South Africa, the springbok, rendered by Coert Steynberg.
These gold coins were introduced in 1967, taking advantage of South African gold production and a relaxing of laws around private gold ownership.
Success and Influence
The Krugerrand has been an enormous success for the Rand Refinery who process the gold for these coins and the South African Mint who strike all Krugerrands. By 1980 the Krugerrand accounted for more than 90% of the global gold coin market.
The success of this bullion coin inspired other countries to strike gold investment coins like the Canadian Maple Leaf (introduced 1979), the American gold Eagle (1986) and the British Britannia (1987). These alternatives gained popularity as the Krugerand was the subject of anti-apartheid sanctions in many western countries through the 1970s and 80s. Most restrictions were lifted after 1991. Today, the Krugerrand reports the largest sales by volume of any bullion coin by a significant margin.
One Troy Ounce of Fine Gold
As well as the ‘pronking’ springbok, the reverse of Krugerrands - this 1967 example included - also displays the composition of the coin with the legend: ‘FYNGOUD 1 OZ FINE GOLD’.
Krugerrands are composed of 33.93 grams of 22 carat gold. That's a fineness of 916.7 grams (the same as the American Eagle) which means that Krugerrands contain exactly 1 troy ounce of pure gold. The remaining weight is copper which adds durability.
To celebrate 50 years of the Krugerrand the 1967 design was restruck in 2017. This is not one of those collectors restrikes: you can tell by the absence of a mintmark to the reverse. This gold Krugerrand is one of some 40,000 minted in this first year of production making it an intriguing piece of numismatic history.
The Britannia Coin Company also stocks a range mixed-year bullion Krugerrands for investors, including:
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We are always proud to show off our previous customers experiences with you and what they thought of our purchasing through with Britannia Coins.
Very fast delivery, good comms and excellent value.
Very pleased with my purchase.
Phil H
1st September 2023
You service was very efficient, delivered very fast, one I ordered the coin on Tuesday night it was delivered on Thursday morning
Alison M
31st August 2023
Extremely efficient service. Purchases received within 1 or 2 days. Great bullion deals with highly competitive premiums. As a repeat customer I can't recommend highly enough.
David R
30th August 2023
Buon giorno. Avete un negozio online ben fornito e di facile utilizzo. L'imballaggio del prodotto è stato ottimo. Ho solo un reclamo da fare ! Ho provato a chiamare presso op vostro negozio più volte senza avere nessuna risposta , ho usato anche il vostro contatto watzap ma anche in questo caso non ho avuto risposta. Vi ho contattato a luglio e agosto per sapere se erano previste le spese doganali,in fine ho acquistato senza sapere ....
Roberto S
29th August 2023
Very easy to use website I think you enter the website and there's the latest "live metal prices" with an "Enter Search Item" bar at the top of the page. I like the fact it has the search feature as the home page. When you search for the item(s) it quickly shows the results, along with images of the coins or coin sets. I like that, too. The only downside with these types of businesses, is that you can't get to see a close up image of the coin and/or coin set you are buying. I feel that, because this company buys coins from collectors, etc. that they will have several items that are the same, but in varying degrees of quality and condition, and then, when your buying a 2nd hand item, it's going to be a case of pot luck on what you're going to get. And so, if it was possible, I'd love for BCC to get images of each item that you're going to buy. This is so you know what you're getting before you buy it. That said, every item I've bought from BCC has been of a very nice quality. Two of the coins were of a staggering high quality and the two sets I bought were much better than the average coin sets from eBay. I would say that BCC are the best company in the UK when it comes to used and brand new coins and coin sets. Not only that, the speed at which they get your order processed and delivered to your door is very very fast. The packaging is also on point and highly professional. Also, and one of the most important things, I really trust the Britannia Coin Company. Their prices are very fair and their items are clean and in good condition. They also have a good standing within the coin community.
Mark D
24th August 2023
Coins were of good quality
Marc G
24th August 2023
Very happy with my purchase. Arrived promptly and in perfect condition.
Malcolm P
24th August 2023
Easy to order and pay online. Next day delivery.
William David E
24th August 2023
I was amazed at the communication from when my order was initiated and being kept in the loop as to the progress. All transactions were good and amazed at how quick my parcel was shipped out and received the following day! Due to excellent customer service I have not hesitated recommending to others.
Kevin A
24th August 2023
Really personal service. I phoned and asked some questions regarding the purchase of a silver Denari coin. I paid online and received it the following day. They were very helpful when I phoned with some more questions about how to identify my coin which I'd received from a bundle. They sent me an email with some great information. Tip top service which is rare to find these days. Many thanks and I wouldn't hesitate to buy from them again.
Jo R
23rd August 2023
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