The Krugerrand is the world’s longest running gold bullion coin program. It was first introduced in 1967, and for more than two decades dominated the precious metals market place as private investors began to flock to gold bullion coins and other products as safe-haven options. 2017 marks the 50th anniversary of the Krugerrand, and the 2017 1 oz 50th Anniversary Gold South African Krugerrand Coin is available to you now online at Silver.com.
- Ships to you in a protective plastic flip or a mint tube for 10 coins.
- 50th anniversary of the South African Gold Krugerrand!
- Features a 50th Anniversary privy mark!
- Contains 1 Troy oz of actual gold content in BU condition.
- Obverse features the image of Paul Kruger in profile relief.
- Reverse includes the Springbok antelope.
As part of the celebration of the 50th anniversary of the South African Gold Krugerrand, the South African Mint has released these stunning gold coins with a beautiful privy mark. The mark is located on the reverse side of the coin, to the front right of the Springbok antelope. It features the letters “50,” surrounded by “1967-2017” above and “Year Anniversary” below.
At a time when no other mint in the world was striking a gold bullion coin, the South African Mint introduced the Gold Krugerrand as a way to export its vast gold and encourage private investment in gold bullion products.
Debuting in 1967, the Krugerrand would eventually come to account for more than 90% of the global gold coin marketplace. It would stand alone as the premier gold coin of the world until 1979 when the Royal Canadian Mint released the Canadian Gold Maple Leaf.
On the obverse face of all Krugerrands is the image of President Paul Kruger, the first president of the South African republic in 1905. Kruger was so beloved, his image not only inspired the design of the coin, but also its popular name. Kruger’s likeness is surrounded on both sides by “Suid-Afrika” and “South Africa,” the Afrikaans and English spellings of the national name.
The reverse features the Springbok antelope, a native species of South Africa and the national animal of the country. This side includes the year of issue engraved on either side of the Springbok antelope, the name “Krugerrand” above, and the phrase “Fyngoud 1 oz. Fine Gold” below.
All 2017 1 oz 50th Anniversary Gold South African Krugerrand Coins listed here today are in BU condition. Coins in BU condition show no signs of wear and tear, however you may notice minor flaws ranging from breaks in the luster and spotted surfaces to contact marks from the production process at the mint.
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