The First Gold Bullion Coin: The South African Krugerrand

Published on 01/10/2021 by APMEX

The obverses of three Gold Krugerrands in excellent condition.

The first Gold bullion coin in the world and a perennial favorite outside of the United States, the Krugerrand is generally one of the more affordable Gold coins on the market and is recognizable for its unique hue and depiction of a springbok antelope. While some buyers feel it is not as detailed as other, more elaborate, Gold coin reliefs, this simple design has been around since 1967 and has proven staying power on the investment market.

The Krugerrand contains .9167 fine Gold, with an alloy of 8.33% copper to bolster the Gold durability. Recommended as an excellent investment item for both new and experienced buyers, Krugerrands are generally liquid on the open markets worldwide. To celebrate the 50th anniversary in 2017, the South African Mint introduced Silver Krugerrand coins in both Uncirculated and Proof finishes. Investors immediately understood the appeal of a more affordable version of the iconic bullion coin.

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