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South Africa pioneered modern bullion coinage when it first issued the Krugerrand on 3 July 1967 to help market South African gold; it is the first modern bullion coin and is still issued today. Gradually, the South African Mint started diversifying the range, first by issuing fractional Krugerrands, then by introducing different designs to the gold half-ounce (1/2 oz) format. These include the Protea series, the Natura series, as well as one-year types that do not fall into a particular series. The half-Krugerrands retain their specifications (22-carat gold) while the other coin series issued after 1994 are 99.99% gold; just as the half-Krugerrand though, they contain exactly half ounce of pure gold or 1/2 oz Absolute Gold Weight (0.500 oz AGW). | ||||
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Country | South Africa |
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Currency | Rand |
Sub-types |
Gold Half Ounce (1/2 oz) Krugerrand |
From | 1980 |
Face Value | Varies (x Rand) |
Current | Yes |
Material | 0.9999 Gold |
Designer | |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Medal Alignment (Axis 0) |
Size | 27.0000 mm |
Mass | 15.5530 g |
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