1 oz South African Gold Krugerrand (Common Date)
The 1 oz South African Gold Krugerrand is the first investment grade gold bullion coin of modern times to be available to sound money enthusiasts. Production of the coin began in 1967 as way to establish the South African gold market.
Though the Krugerrand has no currency denomination, it is considered legal tender by South Africa as indicated by “rand” the name of South African currency. Despite the ban imposed on the importation of the Gold Krugerrand, do to the embargo by western countries for South Africa’s archaic apartheid government, by 1980 the South African Gold Krugerrand accounted for 90% of the gold bullion trade.
By 2008, over 46 million ounces of gold have been sold in Krugerrand form making it one of the best options out there for you to hold and protect your wealth in.
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