The iconic krugerrand, regarded by many as the coin that started modern gold coin collecting, is celebrating its 50th anniversary in 2017. The striking of the first krugerrand on 31st July 1967 took place with little ceremony. The krugerrand was a world first in that there was no denomination on the coin so thats its value would be linked to the daily gold price, its intention to make gold ownership possible to 'the man on the street'.
The name "Krugerrand" was derived by combining Paul "Kruger", President of the original Zuid Afrikaansche Republiek, with "Rand", the monetary unit in South Africa. The rand is also linked to the Witwatersrand, a name meaning 'the ridge of white water', an important gold producing area in South Africa.
The obverse design features President Paul Kruger, modelled by die-engraver Otto Schulz and struck from the original die used in 1892 for the historic Kruger half-crown coin. The reverse featuring South Africa's national animal, the springbok, was designed and engraved by sculptor Coert Steynberg and first used on the 1947 5-shilling coin.
The 2017 dated 1/10th oz proof krugerrand bear a "50th anniversary" privy mark to commemorate the enduring value of this internationally recognised, timeless South African brand.
|Metal Content:||Au 916.67 Cu 83.33|
|Reverse Die-sinker:||CL Steynberg|
|Obverse Die-sinker:||O Schultz|
|Purity:||22 carat Gold|
|Extras:||50 year anniversary Mint mark|