-
What is a Krugerrand coin?
Krugerrand gold coin bullion coins
Questioner：Zoe Walker 2023-04-07 08:05:55
The most authoritative answer in 2024
-
-
Amelia Ramos——Studied at the University of Cape Town, Lives in Cape Town, South Africa.
As a subject matter expert in numismatics, the study of coins, I can provide you with a detailed explanation of the Krugerrand coin.
The Krugerrand is a gold coin first minted in 1967 in South Africa. It is considered one of the first modern bullion coins, which means it is a coin that is valued not only for its face value as legal tender but also for its precious metal content. The Krugerrand was created to help market South Africa's gold and to compete with gold coins from other nations.
The name "Krugerrand" is derived from the Boer leader Paul Kruger, whose image is on the obverse side of the coin, and the rand, the South African unit of currency. Initially, the Krugerrand was only available in a one-ounce gold version, but over the years, fractional sizes (1/2, 1/4, and 1/10 ounce) have been introduced.
The reverse side of the coin features a Springbok, a type of antelope that is a symbol of South Africa, and the rand value of the coin along with the date of issue. The coin is made from a unique alloy of 91.67% gold and 8.33% copper, which gives it a distinct color and durability.
The Krugerrand has played a significant role in the history of gold coins and has been a popular investment vehicle for many years. It is recognized for its high gold content, historical significance, and widespread availability.
read more >> -
-
Amelia Lewis——Studied at the University of Vienna, Lives in Vienna, Austria.
The Krugerrand is 32.77 mm in diameter and 2.84 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold.read more >>+119962023-04-10 08:05:55
About “Krugerrand、gold coin、bullion coins”，people ask：
- 60回复What is a barrel shroud used for?？
- 54回复How do you know if you have grubs in your lawn?？
- 89回复What is the point of a barrel shroud?？
- 25回复Do worms bite you?？
- 99回复What are M Lok slots?？
- 40回复What is Ice Cube net worth in 2017?？
- 49回复What is the net worth of Kevin Hart?？
- 53回复Do worms have pain?？
- 16回复How many grams are in an Tola?？
- 94回复Who is the richest actor in the world?？
- 37回复What is an AR compensator?？
- 51回复What is Fortes Fortuna Juvat?？
- 64回复How do you get rid of grub worms in your lawn?？
- 49回复Do worms have eyes?？
- 78回复What language do they speak in the movie John Wick?？
READ MORE：
- +1320Is better to be safe than sorry?
- +1374What does better late than sorry mean?
- +1394What does no man is an island entire of itself?
- +1470What is a pistol grip on a rifle?
- +1122What is the point of a barrel shroud?
- +1964What kind of gun does John Wick use?
- +1393Is Kevin Hart the highest paid comedian?
- +1116Are grub worms harmful to humans?
- +1999Do worms bite you?
- +1879Do worms have pain?
- +1564Who was the Undertaker's first manager?
- +1622How much is a Krugerrand?
- +1123How much is a gold Krugerrand coin worth?
- +1390Where is the Continental Hotel in John Wick?
- +1419What is the meaning of better late than never?
QuesHub is a place where questions meet answers, it is more authentic than Quora, but you still need to discern the answers provided by the respondents.
