Gold Fifty Ounces 2017 Krugerrand, Coin from South Africa - detailed information

Gold Fifty Ounces 2017 Krugerrand, Coin from South Africa
CoinGold Fifty Ounces 2017 Krugerrand

The fifty ounces (50 oz) Krugerrand gold coin is a massive gold coin which is part of the extensive Krugerrand range 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.

Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa; 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 this one format: one ounce of gold. The range was gradually expanded though and now includes also this massive fifty ounces (50 oz) gold coin, five ounces (5 oz) gold, two ounces (2 oz) gold, half ounce of gold, quarter ounce of gold, one tenth of an ounce of gold, twentieth-ounce (1/20th oz) gold and fiftieth ounce (1/50th oz) gold, a platinum ounce plus two ounces silver and one ounce silver.

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 fifty ounces, so as to have exactly fifty ounces actual gold weight (50 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 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.

This coin was issued as part of the celebration of the 50th anniversary of the Krugerrand coin range. The edition was very limited - 50 pieces only, and was only issued in Proof FDC grade, in a presentation box with packaging by the South African Mint.

MintRand Refinery Mint MarkNo mint mark Total Mintage50
South Africa / Gold Fifty Ounces 2017 Krugerrand - obverse photo

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
South Africa / Gold Fifty Ounces 2017 Krugerrand - reverse photo

The reverse shows at its centre a Springbok antelope, the national animal symbol of South Africa, which divides the date: 2017.

Around above, the name of the coin: KRUGERRAND.

Around below, the composition and weight in Afrikaans and English: FYNGOUD 50 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.

Marking the occasion of the 50th anniversary of the Krugerrand coin range, there is a privy mark in the top left field of the reverse, above the Springbok's back: the inscription 1967 · 2017 50 YEAR ANNIVERSARY in a small circle, with the numeral 50 at its centre.

Reverse Inscription KRUGERRAND 2017 FYNGOUD 50 OZ FINE GOLD
EdgeMilledEdge InscriptionNone
All (1) coins of type: Gold Fifty Ounces (50 oz) Krugerrand
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Gold Fifty Ounces 2017 Krugerrand: Details
CountrySouth Africa
Coin TypeGold Fifty Ounces (50 oz) Krugerrand
PortraitPaul Kruger by Otto Schultz
Face ValueVaries (x Rand)
Total Mintage50
Material0.917 Gold
DesignerCoert Steynberg, Otto Schultz
TechnologyMilled (machine-made)
OrientationMedal Alignment (Axis 0)
Size100.000 mm
Mass1,697.760 g
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Gold Fifty Ounces 2017 Krugerrand: Photos
Krugerrand - 50 Oz 50th Anniversary Krugerrand
Copyright: South African Mint
Krugerrand - 50 Oz 50th Anniversary Krugerrand
Copyright: South African Mint
Krugerrand - 50 Oz 50th Anniversary Krugerrand
Copyright: South African Mint