1983 South Africa 1/2 oz Gold Krugerrand BU

Coin Highlights:

• Contains 1/2 oz of actual gold.
• Comes in protective packaging.
• Obverse: Classically portrays the likeness of Paul Kruger, South Africa’s first and only president, along with “South Africa” in Afrikaans and English.
• Reverse: Springbok antelope, the national animal of South Africa, along with the year of minting and gold weight.
• Minted by the South African Mint.

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South Africa 1/2 oz Gold Krugerrand BU
First introduced in 1967, the Krugerrand was the world's first modern gold bullion coin, and this gold bullion coin series is still a favorite of collectors and investors today. The Krugerrands were minted to assist in promoting South African gold to the international markets. Krugerrands were never assigned a face value, but were designed to derive their value from the price of gold at the time they are traded.

The Gold Krugerrand’s obverse features the South African Republic's first and only president, Paul Kruger, as a reminder of 19th century South African political and military affairs. The reverse of this popular coins depicts a springbok antelope, South Africa’s national animal, leaping into action surrounded by the date of minting and gold weight.

South African Mint
In 1886, gold was discovered near the Witwatersrand area of Johannesburg and President Paul Kruger decided to establish a national mint. The South African Mint manufactures Proof Krugerrands and works with the Rand Refinery to mint the bullion Krugerrands. The mint produces coins on behalf of and is a wholly owned subsidiary of the South African Reserve Bank. Today, the South African Mint remains one of the world's top exporting mints.