The discovery of the main gold reef in 1886 in the Johannesburg area impacted and changed the history of South Africa. Thousands of people flocked to the country in the hope of becoming rich when it was realized that this area had one of the world's largest gold deposits.
When the British annexed the Transvaal after the Anglo Boer War in 1900, the unavailability of coinage became an issue and in 1923, using the premises of the old ZAR Mint, the Pretoria Branch of the British Royal Mint began production of coins for the Union of South Africa. Initially very few sovereigns were struck in 1923 and 1924 but from 1925 until 1932 when Britain finally left the gold standard, more than 83 million British sovereigns were struck in Pretoria. These sovereigns can be identified by the small letters of the mint mark "S.A." featured below the hoof of St. George's horse.
In 1967, a new South African gold coin called the Krugerrand was struck containing exactly one troy ounce of gold (in 22 carat alloy). The obverse depicts Paul Kruger, President of the original South African Republic (ZAR) from 1883 to 1902, and the reverse shows Coert Steynberg's springbok design. The rapid increase in the gold price in the late 1970's created a situation in which many people could no longer afford to buy the one ounce Krugerrand. Agreement was obtained from the South African authorities to strike in addition to the one ounce coin, a half ounce, a quarter ounce and a one tenth ounce Krugerrand which were also accorded the status of legal tender of South Africa.
Two classic coins, each portraying a part of their countries history are packaged in this set, comprising the 1/4 oz Krugerrand (struck at the SA Mint) and the Sovereign (struck at the Royal Mint in the UK). The Sovereign features Benedetto Pistrucci's beautiful "St. George and the Dragon" design on the reverse and Ian Rank-Broadley's depiction of Queen Elizabeth II on the obverse.
|Mass:||8.482 grams, 7.98 grams|
|Diameter:||22.00 mm, 22.05 mm|
|Metal Content:||Au 916.67|
|Reverse Die-sinker:||Coert L Steynberg, Benedetto Pistrucci|
|Reverse Artist:||Coert L Steynberg, Benedetto Pistrucci|
|Obverse Die-sinker:||Otto Schultz, Ian Rank-Broadley FRBS|
|Obverse Artist:||Otto Schultz, Ian Rank-Broadley FRBS|
|Purity:||22 carat Gold|