Platinum Ounce (1 oz), Coin Type from South Africa - detailed information

Platinum Ounce (1 oz), Coin Type from South Africa (issued 2017 - )
Coin TypePlatinum Ounce (1 oz)

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 and metals, such as a platinum one-ounce (1 oz) format. These include platinum 1 oz Krugerrands, other series, as well as one-year types that do not fall into a particular series.

South Africa / Platinum Ounce (1 oz) - obverse photo

The obverse of the Krugerrand 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.

Coins of the other series are individually described in the listings below.

Obverse Inscription SUID-AFRIKA · SOUTH AFRICA
South Africa / Platinum Ounce (1 oz) - reverse photo

The reverse of the Krugerrand 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: KRUGERRAND.

Around below, the composition and weight and the face value: 1 OZ PLATINUM R 10.

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.

Coins of the other series are individually described in the listings below.

Reverse Inscription KRUGERRAND [year] 1 OZ PLATINUM R 10
EdgeMilledEdge InscriptionNone
Royal Mint
Royal Mint
Platinum Ounce (1 oz): Details
CountrySouth Africa
Sub-types Platinum Ounce (1 oz) Krugerrand
Face Value20 (x Rand)
Material0.9995 Platinum
TechnologyMilled (machine-made)
OrientationMedal Alignment (Axis 0)
Size32.690 mm
Mass31.107 g