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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. The gold twentieth-ounce (1/20th oz) format is a mini-coin introduced in 2017 to mark the 50th anniversary of the range. The format has been subsequently used for other coins, such as the Natura series. The twentieth-Krugerrands retain their specifications (22-carat gold) while the other coins are 99.99% gold; just as the 1/20 Krugerrand though, they contain exactly one twentieth of an ounce of pure gold or 1/20 oz Absolute Gold Weight (0.050 oz AGW). | ||||
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Country | South Africa |
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Currency | Rand |
Sub-types |
Gold Twentieth-Ounce (1/20 oz) Krugerrand |
From | 2017 |
Face Value | Varies (x Rand) |
Current | Yes |
Material | 0.9999 Gold |
Designer | |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Medal Alignment (Axis 0) |
Size | 12.0000 mm |
Mass | 1.5550 g |
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