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1987 4 Coin Gold Proof Krugerrand Set GRC

1987 4 Coin Gold Proof Krugerrand Set Boxed

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£4,500.00
(VAT Exempt)
GRC four-coin proof Krugerrand set for 1987. Krugerrands were first offered by the South African Mint in 1967 and by 1980 they accounted for 90% of the global gold coin market. 1987 marked the 20 year anniversary of these influential pieces and a range of special proof Krugerrands were offered to celebrate. This set includes a 1 oz Krugerrand, a 1/2oz Krugerrand, a 1/4oz Krugerrand and a 1/10oz Krugerrand, all struck in 22 carat gold. The remaining weight is copper. While ordinary bullion Krugerrands are produced in large numbers, those with a proof finish are limited edition. Even fewer feature the ‘GRC’ mint mark, indicating they were struck at the Gold Reed City Mint at the Rand Refinery complex in Germiston. All the coins feature the instantly recognisable ‘pronking’ springbok to the reverse with the date either side and the fineness beneath, paired with an obverse portrait of former South African Republic president, Paul Kruger. It’s this prominent politician that gives these coins their name, compounding it with ‘rand’ the South African unit of currency. The four coins in this set have been sealed in individual clear slabs by The South African Gold Coin Exchange, a market leading South African coin and bullion dealer. This preserves their fine proof finish. The four gold Krugerrands are offered in a custom presentation case, lined with red velvet. A highly collectible set.
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GRC four coin proof South African Krugerrand set from 1987.

South African Krugerrands

The name Krugerrand combines the official currency of South Africa - the Rand - with the name of influential South African statesman, Paul Kruger, who appears on the obverse side of these coins.

These 22 carat gold coins were introduced in 1967 using metal processed by the Rand Refinery, struck by the South African Mint. They proved an enormous success, accounting for more than 90% of the global bullion market by 1980 and inspiring similar bullion coins from countries around the world.

Today, Krugerrands are available in other metals, a range of fractional weights and with a collectible proof finish. These coins, however, maintain the specifications set down more than 50 years ago, including the distinctive springbok reverse, celebrating South Africa’s national animal.

Gold Reef Mint Krugerrands

To mark the twentieth anniversary of these iconic gold coins the South African Mint offered a range of proof pieces in 1987. This set contains four of those gold Krugerrands:

  • A 1987 Gold Proof 1 Ounce Krugerrand
  • A 1987 Gold Proof Half Ounce Krugerrand
  • A 1987 Gold Proof Quarter Ounce Krugerrand
  • And a 1987 Gold Proof Tenth Ounce Krugerrand

Each piece bears a tiny 'GRC' mintmark to the reverse, indicating that they were struck at the Gold Reef City Mint within the Rand Refinery complex near Germiston, in Gauteng. The GRC Mint is one of only two South African mints to have struck legal tender SA coins. The mint mark adds an extra element of collectibility.

Four Coin Anniversary Set

All the coins in this set are composed of 91.67% gold and finished to proof standard - as indicated by the additional edge serrations, compared to their bullion equivalents, and the higher level of detail apparent in the designs.

The total weight of the coins in this collection is 62.78 grams, equating to 57.55 grams of fine gold.

The four GRC Mint coins in this set have been sealed in individual sleeves by the team at The South African Gold Coin Exchange. This works to preserve the finish of these collectible coins. The set is presented in a bespoke velvet lined box.

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