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Otto Schultz's historic portrait of South African statesman Paul Kruger gives these coins their name. The left-facing effigy of Kruger is accompanied by a legend in Afrikaans and English that reads 'SUID-AFRIKA · SOUTH AFRICA'.
All Krugerrands feature a distinctive reverse centred on the image of a leaping springbok by Coert Steynberg. The date (1974) is divided on either side with 'KRUGERRAND' above and 'FYNGOUD 1OZ FINE GOLD' below.
These coins are struck in solid 22-carat (91.67% fine) gold and offer investors one full troy ounce of pure precious metal. 1oz bullion Krugerrands have a total mass of 33.93 grams and measure 32.77 millimetres in diameter.
Records indicate that 3,209,352 one-ounce Krugerrands were struck by the SA Mint in 1974. These coins were exported globally, seeing high demand, particularly before the release of American Eagles and British Britannias.
Krugerrands have been struck by the South African Mint in partnership with the Rand Refinery since 1967. Their status as the world's most famous bullion coin has meant that early issues like this 1974 date have become collectable.