writing SUID AFRICA and SOUTH AFRICA, at the back is the national
animal of South Africa, a springbok antelope, represented, in shared
writing is on the left and right of the statement of the respective
year mark in the upper part of the picture is framed by the words
KRUGERRAND FYNGOUD and bottom with 1 OZ FINE GOLD. The fineness of
these since 1967 and generally characterized as the first modern
bullion coins saw pieces is 916.6 / 1000 and the weight and fineness,
depending on the denomination of 1 / 1, 1 / 2, 1 / 4 or 1 / 10 ounce.
The higher Total weight is given by the alloy containing copper to
increase scratch resistance, which is the reason for the
reddish-golden hue of the coin. The denominations are produced only
under an ounce since 1980.
From 1967 to 1969 marked the Pretoria Mint, the coin in an edition of
40,000 pieces per year. After that multiplied the production: 1970
coins were 211 018, 1974 had produced 3.2 million copies. The
denominations were introduced under an ounce 1980th The best time in
the coin had subscribed by the oil crisis decade 1974-1984: the
production numbers were 2 to 6 million units.
Decided in 1986, the European Community and the United States due to
the ongoing apartheid sanctions. This led to the ban on imports of
Krugerrands, then broke the support of one coin. The lows were 1995
with 8285 one-ounce pieces and in 1998 reached a total annual
production of all denominations of 23 277 troy ounces. Trade and
possession of these coins, however, were never banned. Banks offered
but because of confusion and misinformation in the exchange of coins
equivalent Maple Leafs. As a result, many of Krugerrand coins melted
down and it came at a price discount of the coin.
In 1999, the import ban was lifted, since the support is growing
again, the old circulation figures but it has not until now found
port.
Today, the Krugerrand has the largest market share among the now
numerous different gold bullion coins. This is mainly due to the fact
that he has about five percent with only a very small fee to the
precious metal markets on the specified spot rate. The conditions just
before the turn of the century were still relatively low, so that now
even some vintage bullion collectors have surcharges (eg 1998,1999,
etc.). For 2010, the first time calculated with a circulation of over
one million units.
