Gold Tenth-Ounce (1/10 oz) Krugerrand, Coin Type from South Africa - detailed information

Gold Tenth-Ounce (1/10 oz) Krugerrand, Coin Type from South Africa (issued 1980 - )
Coin TypeGold Tenth-Ounce (1/10 oz) Krugerrand

The One-Tenth Krugerrand, or tenth-ounce (1/10 oz) Krugerrand gold coin, is part of the extensive range of Krugerrand coins which has its beginning in 1967 and is produced by Rand Refinery together with the South African Mint. The original (one ounce gold) Krugerrand is the first modern bullion coin.

By 1980, the Krugerrand accounted for 90% of the global gold coin market. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. During the 1970s and 1980s, some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa, most notably the United States, which was the coin's largest market in 1985.

Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. However, unlike bullion coins issued by other countries, their legal tender denomination - also known as face value - is not fixed and varies depending on the current price of gold, so is not inscribed on the coin.

Initially, the coin was only issued in one format: one ounce of gold; since September 1980, Krugerrands have also become available in three additional smaller sizes containing half ounce of gold, quarter ounce of gold and one tenth of an ounce of gold. In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold coin; these are in two ounces silver and one ounce silver.

On the occasion of the 50th anniversary of the coin range in 2017, it was expanded to also include a platinum ounce, a massive fifty ounces (50 oz) gold coin, five ounces (5 oz) gold, two ounces (2 oz) gold, and two fractional mini-coins, twentieth-ounce (1/20th oz) gold and fiftieth ounce (1/50th oz) gold.

The composition of the gold versions is the same as the British Gold Sovereign coin, being 22-carat gold alloyed with copper (91.67% gold, 8.33% copper), making the coins redder in colour compared to other coins alloyed with silver, as well as harder and more resistant to scratches. The coin is heavier than a tenth-ounce, so as to have exactly one tenth of an ounce actual gold weight (0.100 oz AGW).

Paul Kruger - depicted on the obverse - was affectionately known as "Oom Paul" (uncle Paul), one of the highest designations anyone can be given in South Africa. His portrait was designed long before the Krugerrand was first minted, and was originally used on Boer coins. When the gold finds in Transvaal gave them the opportunity to start minting their own coins, president Kruger requested a law to found a national bank, which also stated that South African money should be modelled after British money. Since the country did not have a mint, they assigned the task of minting the first Zuidafrikaanse Ponde (South African Pond, or Pound) to the Berlin Mint. Thus Berlin medallist Otto Schultz designed them in 1892 and his effigy of Kruger (adapted by by Tommy Sasseen) is still used today.

The reverse of the Krugerrand, designed by Coert Laurens Steynberg in 1967, shows a Springbok antelope, South Africa's national animal.

Obverse

The obverse of the coin depicts a portrait of Paul Kruger, President of the South African Republic (or Transvaal) from 1883 to 1900, facing left.

Around above, the legend SUID-AFRIKA · SOUTH AFRICA. Suid-Afrika is the name of South Africa in Afrikaans, which was the only official language of the country apart from English at the time the coins were initially issued.

Obverse Inscription SUID-AFRIKA · SOUTH AFRICA
Reverse

The reverse shows at its centre a Springbok antelope, the national animal symbol of South Africa, which divides the date: [year].

Around above, the name of the coin: 1/10 KRUGERRAND.

Around below, the composition and weight in Afrikaans and English: FYNGOUD 1/10 OZ FINE GOLD.

The designer's initials CLS (for Coert Laurens Steynberg) are in the right field between the letters OL of GOLD and the ground under the Springbok.

Reverse Inscription 1/10 KRUGERRAND [year] FYNGOUD 1/10 OZ FINE GOLD
EdgeMilledEdge InscriptionNone
Coin Type: Gold Tenth-Ounce (1/10 oz) Krugerrand - (41) Coins
Coin NameMintagePortraitLegend
Gold Tenth-Ounce 1980 Krugerrand 856,975 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1981 Krugerrand 1,321,022 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1982 Krugerrand 1,064,809 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1983 Krugerrand 507,510 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1984 Krugerrand 898,270 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1985 Krugerrand 282,248 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1986 Krugerrand 95,612 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1987 Krugerrand 59,465 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1988 Krugerrand 90,295 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1989 Krugerrand 13,139 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1990 Krugerrand 98,466 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1991 Krugerrand 85,797 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1992 Krugerrand 1,789 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1993 Krugerrand 57,346 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1994 Krugerrand 87,968 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1995 Krugerrand 26,400 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1996 Krugerrand 11,836 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1997 Krugerrand 24,376 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1998 Krugerrand 17,251 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 1999 Krugerrand 31,415 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2000 Krugerrand 35,553 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2001 Krugerrand 26,052 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2002 Krugerrand 18,110 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2003 Krugerrand 19,679 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2004 Krugerrand 3,811 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2005 Krugerrand 23,836 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2006 Krugerrand 9,645 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2007 Krugerrand 17,866 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2008 Krugerrand 19,798 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2009 Krugerrand 86,317 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2010 Krugerrand 47,575 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2011 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2012 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2013 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2014 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2015 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2016 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2017 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2018 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2019 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Tenth-Ounce 2020 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
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Gold Tenth-Ounce (1/10 oz) Krugerrand: Details
CountrySouth Africa
CurrencyRand
Sub-type ofGold Tenth-Ounce (1/10 oz)
From1980
Face ValueVaries (x Rand)
CurrentYes
Material0.917 Gold
DesignerCoert Steynberg, Otto Schultz
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size16.550 mm
Thickness1.350 mm
Mass3.393 g
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