Gold coins have always represented the ultimate wealth and prestige. For collectors no other metal can match the quality and lustre of coind struck in finest gold.
South Africa ranks among the very few countries where gold coind have been minted as negotiable currency and still remain available for general purchase- allowing the collectors to own a share in the country's production of fine gold. This idea began in 1967 when the South African Mint introduced the handsome coin of 1 ounce troy fine gold.
The design and name of the Krugerrand was based on historical coins of South Africa. The obverse depicts the bust of President Paul Kruger who was President of the ZAR (the previous Transvaal ptovince of South Africa- now Gauteng) when the Witwatersrand gold was discovered in 1886. The design on reverse depicts a prancing springbok, a well known South African antelope.
The Rand is the monetary unit of South Africa associated with the area called Witwatersrand, "the ridge of white war", an important gold producing area.
The Krugerrand is unique in that it is legal tender or a valid trading coin without a monetary face value. The face value is 1 oz of fine gold (or fractions of it) and is traded as such.
The South African Mint were authorised to mint a total of 300 Proof 1 ounce (1 oz.)Krugerrand’s which portray the Sabi Sabi mintmark in 1997. Only 72 Sabi Sabi mintmark Krugerrand's were in actual fact minted, making the 1997 Sabi Sabi mintmark Krugerrand’s of the most limited edition Krugerrand's With the lowest mintages
|Mass:||33.930 g, 16.965 g, 8.482 g, 3.393 g|
|Diameter:||32.69mm, 27.00mm, 22.00mm, 16.50mm|
|Metal Content:||Au 916.67 Cu 83.33, Ag 925 Cu 75|
|Reverse Die-sinker:||CL Steynberg|
|Obverse Die-sinker:||O Schultz|
|Purity:||24 carat; sterling silver|
|Extras:||Sabi Sabi mintmark|
|Estimated Market Value: 2008||R25,000|
|Estimated Market Value: 2009||R42,000|
|Estimated Market Value: 2013||R80,000|
|Estimated Market Value: 2014||R30,000|