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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'.
Every Krugerrand carries the iconic reverse designed by Coert Steynberg, depicting a pronking springbok. The date is split to either side of the antelope, with 'KRUGERRAND' above and 'FYNGOUD 1 OZ 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.
Published records suggest that 4,952,555 one-ounce Krugerrands were struck at the SA Mint in 1979. These coins were widely exported, particularly in the 1970s, before the release of British Britannias or American Eagles.
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.