The World’s First Gold Bullion Coin
South African Gold Krugerrand Coin stands among the world’s most popular gold bullion coins, and is an international symbol of wealth and prestige. It is the original gold bullion coin, introduced in 1967. The Krugerrand was designed specifically for the investor, with a value that can be easily determined from the internationally quoted gold price.
South Africa was home to some of the largest gold reserves found in the world, so it makes perfect sense that they were the first nation to issue a commemorative gold coin. The Gold Krugerrand was released in 1967 to help market South African Gold. It was uncontested for more than 12 years, and still has worldwide popularity due to its simple, classic design.
The Gold Krugerrand depicts two key South African figures: Paul Kruger and the springbok antelope. The obverse, designed by Otto Schultz, bears the face of South Africa’s first president, Paul Kruger, and the coin’s name Krugerrand, which is a combination of this early hero’s name and that of their unit of currency, the rand. The reverse depicts a national symbol of South Africa, the springbok gazelle. The image was designed by Coert Steynberg and was previously used on the reverse of the earlier South African 5 shilling coins.