GMS South African Krugerrand 17 gr - ID 3242

GMS South African Krugerrand 17 gr Out of Stock - ID 3242

.9167 Purity Gold | Refiner: Rand Refinery

• Various Years | 1/2 oz (16.97 gram) Strictly For Retail GMS Sale Only	Various Years | 1/2 oz (16.97 gram) Strictly For Retail GMS Sale Only 5.4% Buy at 5.4% Tier 1 2,790.92 SGD Tier 3 2,789.64 SGD Tier 5 2,788.36 SGD Sell Sell at -0.7% 2,628.64 SGD -0.7% over spot (details) % over spot, view details	Pick Up Out-of-stock

• Various Years | 1/2 oz (16.97 gram) Strictly For Retail GMS Sale Only	Various Years | 1/2 oz (16.97 gram) Strictly For Retail GMS Sale Only 5.4% Buy at 5.4% Tier 1 2,790.92 SGD Tier 3 2,789.64 SGD Tier 5 2,788.36 SGD Sell Sell at -0.7% 2,628.64 SGD -0.7% over spot (details) % over spot, view details	Pick Up Out-of-stock

South African Gold Krugerrand Coin - 1/2 oz

The South African Gold Krugerrand 1/2 oz coin is produced through a partnership between Rand Refinery and the South African Mint. Each 1/2 oz Gold Krugerrand contains 1/2 troy ounce of fine gold and is struck in 22-karat gold, with a purity of 91.67% gold. The Rand Refinery manufactures the coin blanks, which are then struck into finished Krugerrand coins by the South African Mint. 

The Gold Krugerrand was first struck on 3 July 1967 and was developed as a means of making South African gold more accessible to private bullion investors. Unlike conventional circulating coins, the Gold Krugerrand carries no fixed monetary denomination. Instead, it was designed as a legal tender bullion coin whose value is directly linked to its gold content and the prevailing market price of gold. The original 1 oz Krugerrand was the world's first ounce-denominated legal tender gold bullion coin and became an important template for the modern bullion coin industry.

The name Krugerrand combines “Kruger”, referring to Paul Kruger, President of the former Zuid-Afrikaansche Republiek (South African Republic), with “rand”, South Africa's unit of currency. The name rand itself is associated with the Witwatersrand, the historically important South African gold-producing region.

The obverse of the Gold Krugerrand features a portrait of Paul Kruger created by German die engraver Otto Schultz. The portrait traces its origins to the dies used for South African Republic coinage in 1892 and is surrounded by the inscriptions “SUID-AFRIKA” and “SOUTH AFRICA”.

The reverse features a springbok antelope, one of South Africa's most recognizable native animals, designed and engraved by South African sculptor Coert Steynberg. Steynberg's springbok design predates the Krugerrand and was first used on South Africa's 1947 5-shilling coin. On the Krugerrand, the springbok is accompanied by the coin's year of issue, the name “KRUGERRAND” and inscriptions identifying its fine gold content.

The Krugerrand was originally available only as a 1 oz gold coin. In 1980, 1/2 oz, 1/4 oz and 1/10 oz fractional Gold Krugerrands were introduced, providing investors with additional options for owning physical gold coins. By that period, the Krugerrand had become a major presence in the international bullion coin market; the South African Mint states that it accounted for approximately 90% of the global gold coin market at one point.

The Krugerrand's distinctive reddish-gold appearance comes from its copper alloy. Although a 1 oz Krugerrand contains a full troy ounce of fine gold, additional copper increases its gross weight to approximately 33.93 grams. The 22-karat alloy also makes the coin harder and more resistant to scratching and wear than a comparable pure-gold bullion coin.

With a rich history dating back to 1967, an internationally recognized design and a variety of investment weights & sizes, the South African Gold Krugerrand offers investors and collectors an established option for owning physical investment-grade gold bullion coins here in Singapore.

Product Details:

• Metal: Gold
• Gross Weight: 0.545 oz / 16.96 grams
• Fine Weight: 1/2 oz / 15.55 grams
• Purity: .9167 fine gold
• Product Format: Bullion Coin
• Mint: South African Mint / Rand Refinery
• Issuing Country: South Africa
• Year: Various Years
• Condition: Various Conditions
• Obverse: Paul Kruger
• Reverse: Springbok Antelope
• Face Value: No Denominated Face Value
• Mintage: Not Declared
• GST Status: Gross Margin Scheme
• Edge: Milled / Reeded
• Mint Mark: No Mint Mark
• Diameter: 27.07 mm
• Thickness: 2.21 mm

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Pricing Details:

Points computation: 1 coin = 10.00 points