From 1967 to 1979, the South African Krugerrand was the only gold coin for sale for private investment in the world. South Africa introduced the Krugerrand in 1967 to promote private ownership of gold coins, as well as its own massive reserves of gold. Today, 2018 ¼ oz Gold South African Krugerrand Coins carry on that tradition and are available to you online at Silver.com.
- Ships to you sealed in individual protective plastic flips or mint tubes with 50 coins!
- 51st release year of the Gold Krugerrand coin from the South African Mint!
- Consists of One-Quarter Troy ounce of actual gold content in BU condition.
- Paul Kruger’s portrait is captured on the obverse by Otto Schultz.
- A Springbok antelope graces the reverse of the coin from Coert Steynberg.
The Krugerrand reached its peak in mintage in the 1980s. The bull market for gold in the 1970s propelled the Krugerrand from mintage figures around 200,000 to 1 million by 1974 and 6 million by 1978. The Krugerrand continued to fly high through the 1980s, but the economic boycott pressured Krugerrand production into a downward trend. The Krugerrand bottomed out at a mintage of 23,000 by 1998.
In 1980, with the Krugerrand at its highest points, the South African Mint introduced three fractional-weight coins. The ¼ oz coin was among those fractional weights, all of which have helped contribute to more than 50 million ounces of Gold Krugerrand coins sold since 1967.
All 2018 Gold South African Krugerrand coins in this listing from Silver.com are in BU condition. Coins in BU condition show no signs of wear and tear, but you may notice a range of minor flaws as a result of the production process. These flaws are limited in nature to breaks in the luster, spotted surfaces, and contact marks.
The obverse of all Gold Krugerrand coins feature the image of the man the series is named after. Paul Kruger was a leading Boer in the late 19th century in South Africa, serving as President of South Africa from 1883 to 1900. The name of the coin came from the combination of Kruger’s name and the national currency of the rand.
On the reverse of 2018 ¼ oz Gold South African Krugerrand Coins you’ll find the depiction of a Springbok antelope. The national animal of South Africa, this species has long called the southern tip of the African continent home.
The South African Mint is the official sovereign mint of South Africa and is responsible for the coining of both bullion and circulation currency. The mint strikes coinage and paper banknotes for the South African Reserve Bank.
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