1967 Gold 1 Ounce Krugerrand

£1,950.00

1967 was the first year that South Africa minted the famous 1oz gold Krugerrand.

The obverse shows the portrait of the eponymous Paulus (“Paul”) Kruger (1825-1904) who was President of the South African Republic from 1883 to 1900. Kruger was one of the key people in 19th century South Africa.

The reverse shows the springbok, a medium sized antelope indigenous in South Africa and is a common symbol of the country.

Mintage: 40,000 (may include coins issued as part of a set). Minted at The South African Mint.

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Description

1967 Gold 1 Ounce Krugerrand

General Description: Krugerrands

Krugerrands are gold 1oz coins from South Africa. They are very popular with bullion collectors and their price is usually closely associated with the current gold price.

The name is derived from a combination of Kruger (the former South-African president depicted on the obverse) and Rand, the South African unit of currency. Paulus (“Paul”) Kruger (1825-1904) who was President of the South African Republic from 1883 to 1900. Kruger was one of the most important people in the history of 19th century South Africa.

The reverse shows the springbok, a medium sized antelope indigenous in South Africa and is a common symbol of the country. The South African rugby team is nicknamed the “Springboks”.

Krugerrands weigh more than 1oz so that they can contain a full 1 troy ounce of fine gold.

Which Mint: The South African Mint

The South African Mint Company Limited is the official mint of the Republic of South Africa. Headquarters are in Centurion, Gauteng Province near Pretoria. The mint manufactures coins on behalf of the South African Reserve Bank

Country of Origin: South Africa

South Africa is officially the Republic of South Africa (RSA) It is the southernmost country in Africa.

The coins of the South African rand are part of the physical form of South Africa’s currency, the South African rand. In 1961, South Africa replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence.

The Krugerrand is one of the World’s most famous gold coins, being 1oz of fine gold.