Gold Ounce (1 oz), Coin Type from South Africa - detailed information
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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 one-ounce (1 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 Kruggerands retained their specifications (22-carat gold) while other coins issued after 1994 are 99.99% gold; just as the Krugerrand though, they contain exactly one ounce of pure gold or 1oz Absolute Gold Weight (1.000 oz AGW). | ||||
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| Country | South Africa |
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| Currency | Rand |
| Sub-types |
Gold Ounce (1 oz) Krugerrand |
| From | 1967 |
| Face Value | Varies (x Rand) |
| Current | Yes |
| Material | 0.9999 Gold |
| Designer | |
| Technology | Milled (machine-made) |
| Shape | Round |
| Orientation | Medal Alignment (Axis 0) |
| Size | 32.6900 mm |
| Mass | 31.1070 g |
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