Krugerrand Launch Set
The face of South Africa changed at the turn of the 19th century with the discovery of gold on the Witwatersrand Reef and diamonds in Cullinan.
A hub of commerce was established overnight as thousand of people flocked to the country leading to an era of unprecedented expansion with many wonderful opportunities.
The first Krugerrand was struck at the South African Mint on 3 July 1967. The name Krugerrand was derived from KRUGER (President Paul Kruger who was President of the old ZAR Republic in 1886) and RAND, the monetary unit of South Africa. The "rand" is associated with the area called Witwatersrand, "the ridge of white water" which was and still is, an important gold producing area.
De Beers' Premier Mine, the source of most of the planet's biggest and most spectacular gem diamonds is celebrating a 100 years of mining this year (2003).
First registered as a company 100 years ago, on 2 December 1902, by its founder Sir Thomas Major Cullinan, mining began in 1903, and the village of Cullinan, north of Pretoria, was established.
To commemorate and celebrate the Centenary of Cullinan, and the Premier Mine's mining operations, the South African Mint is striking a 1 oz Krugerrand with a special mintmark to commemorate the centenary of the town of Cullinan, and the diamond mining in Cullinan. The 2003 mintmark Krugerrand Launch coins are the first coins to be minted 645 feet underground, in a diamond mine.
|Mass:||33.930 grams, 15.00 grams|
|Metal Content:||Au 916.67 Cu 83.33, Ag 925 Cu 75|
|Reverse Die-sinker:||CL Steynberg, MJ Scheepers|
|Reverse Artist:||-, N van Niekerk|
|Obverse Die-sinker:||O Schultz, MJ Scheepers|
|Obverse Artist:||-, N van Niekerk|
|Purity:||22 carat Gold|
|Extras:||0.05 carat TTLB diamond set in the medallion|