South African Krugerrand 1oz Gold Coin – Random Year

The year you receive will be at random and the picture provided is not indicative of what is on offer.

 

The Krugerrand is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a springbok, South Africa’s national animal.

Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989.

 

Technical Specifications

Gold Content	1 oz
Diameter (mm)	32.77
Thickness (mm)	2.84
Weight (g)	33.930
Metal Composition (%)	Gold (91.67%), Copper (8.33%)

 

Although gold Krugerrands contain 1oz of gold, they are not defined as bullion in Australia under GSTR 2003/10, section 195-1 due to their gold purity of 91.67%. This means that they are subject to GST under Australian taxation rulings.

 

 

These gold Krugerrands are buy backs from the public and have been verified as genuine. Gold Krugerrands on offer may have scratches, marks or copper spotting.