South African Krugerrand Coins
The South African Krugerrand coins were first minted in 1967, to help market South African gold. These gold coins have legal tender status in South Africa, but were actually not meant to be used as currency.
The South African Krugerrand coin was the first gold bullion coin that could be used as legal tender, at the market value of its intrinsic gold content. As It was the first gold coin to contain precisely one ounce of fine gold, and was intended from the moment of creation to provide a vessel for the private ownership of gold.
The Krugerrand gold coin is minted from gold alloy that is 91.67 percent pure (22 karat) gold and the remainder being copper. This is where the Krugerrand coins get its orange'y warm glow. The actual weight of a Krugerrand coin is just over one ounce at 1.0909. To take into consideration of the added copper content.
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