Homepage / Bullion Coins: S. African Coins / South African Krugerrand Gold Coin

Updated on 07/23/2024

South African
Gold Krugerrand

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1967 to Present

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The Gold Krugerrand is the World's most circulated gold bullion coin.

In 1966, the South African Reserve Bank authorized the Rand Refinery Ltd. to manufacture gold blanks and the South African Mint to strike the blanks into Krugerrand gold bullion coins.

South Africa began minting the Gold Krugerrand in 1967.

The gold bullion coin gets its name from the popular four-term President of the old Republic of South Africa, Paul Kruger 1883 - 1900 (pictured), and the Rand, the South African currency.

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Design of the
South African Gold Krugerrand

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Obverse

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The obverse side of the South African Gold Krugerrand displays the portrait of Paul Kruger.

Inscriptions:

• SUID - AFRIKA - South Africa written in Afrikaans, the native language of South Africa
• SOUTH AFRICA - South Africa written in Enlish

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Reverse

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The reverse side of the Gold Krugerrand features the Springbok Antelope, one of the national symbols of South Africa, designed by
Coert Steynberg.

Inscriptions:

• KRUGERRAND
• CLS - Coert Stevnberg's initials 
• Year of Issue - divided on both sides of the Springbok Antelope
• FYNGOUD 1OZ FINE GOLD" - representing the Gold Krugerrand's weight and fineness in Afrikaans and English. 

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History of the
Gold Krugerrand

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In 1966, the South African Reserve Bank, gave authorization to the Rand Refinery Ltd. to manufacture gold blanks and the South African Mint to strike the blanks into Krugerrand gold bullion coins.

South Africa began minting the Gold Krugerrand in 1967.

For the first three years of production, the South African Mint minted only 40,000 of the Gold Krugerrand; the bullion coin wasn't mass produced until 1970.

In the late 1980s, South Africa's policy of apartheid brought economic sanctions against the country from many Western countries, which made the Krugerrand illegal to import.

In 1994, South Africa's international sanctions were lifted when they abandoned apartheid. The Krugerrand regained its status as one of the world's leading gold bullion coins.

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1 oz. Gold Krugerrand
Coin Information

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Introduction:.......1967

IRA Approved:.....No

Grade:................Uncirculated

Face Value:.........None

Gold Content:......1 troy oz.

Total Weight:......33.93 grams

Purity:................916.7 per mille

Karat:.................22 karat

Diameter:...........32.77mm

Thickness:...........2.84mm

Designers:...........Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:...........No

Edge:..................reeded

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1/2 oz. Gold Krugerrand
Coin Information

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Introduction:.......1980

IRA Approved:.....No

Grade:................Uncirculated

Face Value:.........None

Gold Content:......0.5 troy oz.

Total Weight:......16.965 grams

Purity:................916.7 per mille

Karat:.................22 karat

Diameter:...........27.07mm

Thickness:..........2.215mm

Designers:..........Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:...........No

Edge:.................reeded

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1/4 oz. Gold Krugerrand
Coin Information

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Introduction:......1980

IRA Approved:....No

Grade:...............Uncirculated

Face Value:........None

Gold Content:.....0.25 troy oz.

Total Weight:......8.482 grams

Purity:...............916.7 per mille

Karat:................22 karat

Diameter:...........22.06mm

Thickness:..........1.888mm

Designers:..........Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:..........No

Edge:.................reeded

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1/10 oz. Gold Krugerrand
Coin Information

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Introduction:......1980

IRA Approved:....No

Grade:...............Uncirculated

Face Value:........None

Gold Content:.....0.1 troy oz.

Total Weight:.....3.393 grams

Purity:...............916.7 per mille

Karat:................22 karat

Diameter:..........16.55mm

Thickness:.........1.35mm

Designers:.........Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:.........No

Edge:................reeded

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1oz. & Fractional
S. African Gold Krugerrand
Mintage Figures:

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Year...........1 oz.........1/2 oz.........1/4 oz.............1/10 oz

1967..............40,000

1968..............40,000

1969..............40,000

1970..............211,018

1971..............550,200

1972..............543,700

1973..............859,300

1974..............3,203,675

1975..............4,803,925

1976..............3,004,945

1977..............3,331,344

1978..............6,012,293

1979..............4,940,755

1980..............2,845,872..........245,096...........353,916.........856,011

1981..............3,108,968..........257,063...........844,737.......1,108,331

1982..............2,179,120..........222,044...........695,755.......1,017,192

1983..............3,169,200..........227,435...........545,292.........741,222

1984..............2,305,128..........197,438...........622,813.........755,988

1985..............609,837..............98,783...........354,964.........382,137

1986..............698,600..............17,134..............5,044..........81,451

1987..............312,177..............10,398.............8,806..........53,628

1988..............307,612...............3,214.............8,418..........54,058

1989..............308,923...............4,254.............6,513..........40,875

1990..............286,808...............3,996.............6,980..........52,225

1991..............42,334................2,678.............5,815..........44,206

1992..............50,630................4,366.............7,601..........55,440

1993..............163,909..............14,156...........19,663..........72,477

1994..............278,815..............17,709...........22,091..........87,814

1995..............8,285.................17,694...........15,459..........43,159

1996..............17,163................2,488.............7,867..........36,035

1997..............12,199...............10,746...........12,889..........39,664

1998..............12,703.................7,984...........14,174..........30,386

1999..............21,845................23,738...........28,671..........50,098

2000..............6,657..................2,593.............2,517..........19,567

2001..............33,406................3,337.............5,846..........21,938

2002..............85,841................2,724.............4,464..........13,420

2003..............41,995................2,363.............4,279..........7,315

2004..............87,794................2,847................604...........868

2005..............27,570................6,338..............8,141..........21,560

2006...............50,790...............9,576..............8,645..........14,743

2007..............194,451..............11,775.............3,890...........8,769

2008..............256,288..............10,999............13,685..........14,681

2009..............731,262..............40,071............37,325..........83,181

2010..............613,870..............25,714............39,244..........58,731

2011..............722,938..............32,718............35,025..........79,151

2012..............716,295..............50,035............41,659..........80,102

2013..............833,261..............27,613............29,779..........73,059

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