Gold Half Ounce 1988 Krugerrand, Coin from South Africa - detailed information

Gold Half Ounce 1988 Krugerrand, Coin from South Africa
CoinGold Half Ounce 1988 Krugerrand

The Half Krugerrand, or half-ounce (1/2 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.

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 a 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 half ounce, so as to have exactly half ounce actual gold weight (0.500 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.

MintMint markTotal Mintage
Rand Refinery No mint mark 7,516
Gold Reef City Mint Letters GRC 1,026
Obverse
South Africa / Gold Half Ounce 1988 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
Reverse
South Africa / Gold Half Ounce 1988 Krugerrand - reverse photo

The reverse shows at its centre a Springbok antelope, the national animal symbol of South Africa, which divides the date: 1988.

Around above, the name of the coin: 1/2 KRUGERRAND.

Around below, the composition and weight in Afrikaans and English: FYNGOUD 1/2 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 1/2 KRUGERRAND 1988 FYNGOUD 1/2 OZ FINE GOLD
EdgeMilledEdge InscriptionNone
Notes

5,454 uncirculated coins and 2,062 proofs from the Rand Refinery (no mint mark), plus 1,026 proofs from the Gold Reef City Mint (GRC mint mark).

Gold Half Ounce 1988 Krugerrand: Known varieties
Variety Proof
Images South Africa / Gold Half Ounce 1988 Krugerrand / Proof - obverse photo South Africa / Gold Half Ounce 1988 Krugerrand / Proof - reverse photo
Mintage Issued: 2,062 (included in total)
Details

Proof coins have finer reeding (220 edge serrations), while the regular coins have coarser reeding (180 serrations).

Variety Proof with GRC mint mark
Mintage Issued: 1,026 (included in total)
Details

GRC mint mark, for the Gold Reef City Mint in Johannesburg, on the reverse between the YN of FYNGOUD and the ground under the Springbok.

Gold Half Ounce 1988 Krugerrand: References to Information Used
SourceEditionAboutLinkNotes
South African Mint Mintage link
All (47) Coins of Country: South Africa, Type: Gold Half Ounce (1/2 oz)
Coin NameMintageSymbolLegend
Gold Half Ounce 1980 Krugerrand 374,373 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1981 Krugerrand 178,014 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1982 Krugerrand 429,390 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1983 Krugerrand 60,405 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1984 Krugerrand 186,660 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1985 Krugerrand 103,634 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1986 Krugerrand 8,613 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1987 Krugerrand 5,389 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1988 Krugerrand 8,542 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1989 Krugerrand 8,707 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1990 Krugerrand 2,850 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1991 Krugerrand 3,459 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1992 Krugerrand 1,501 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1993 Krugerrand 13,239 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1994 Krugerrand 18,056 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1995 Krugerrand 11,429 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1996 Krugerrand 5,099 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1997 Krugerrand 12,628 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1998 Krugerrand 1,303 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 1999 Krugerrand 25,885 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2000 Krugerrand 30,757 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2001 Krugerrand 13,641 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2002 Krugerrand 2,295 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2003 Krugerrand 14,158 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2004 Krugerrand 3,288 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2005 Krugerrand 6,198 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2006 Krugerrand 14,257 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2007 Krugerrand 15,623 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2008 Krugerrand 14,653 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2009 Krugerrand 45,131 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2010 Krugerrand 22,880 Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2011 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2012 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2013 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2014 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2015 Jackal unknown SOUTH AFRICA 2015
Gold Half Ounce 2015 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2016 Hyena unknown SOUTH AFRICA 2016
Gold Half Ounce 2016 Cheetah unknown Coat of Arms of South Africa SOUTH AFRICA 2016
Gold Half Ounce 2016 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2017 Springbok 1,800 SOUTH AFRICA · 2017
Gold Half Ounce 2017 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2018 Rise of the Dinosaurs 1,800 RISE OF THE DINOSAURS SOUTH AFRICA MMXVIII ARCHOSAURIA
Gold Half Ounce 2018 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2019 Paranthropus Robustus 750 CRADLE OF HUMANKIND SOUTH AFRICA MMXIX HOMINIDS
Gold Half Ounce 2019 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
Gold Half Ounce 2020 Krugerrand unknown Paul Kruger by Otto Schultz SUID-AFRIKA · SOUTH AFRICA
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Gold Half Ounce 1988 Krugerrand: Details
CountrySouth Africa
CurrencyRand
Coin TypeGold Half Ounce (1/2 oz) Krugerrand
Issued1988
SymbolPaul Kruger by Otto Schultz
Face ValueVaries (x Rand)
Circulation Mintage5,454
Total Mintage8,542
CurrentYes
Material0.917 Gold
DesignerCoert Steynberg, Otto Schultz
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size (mm)27.0700
Thickness (mm)2.2150
Mass (g)16.9650
OCC IDGAVP-EXAC-AQMA-OMDY
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Gold Half Ounce 1988 Krugerrand: Photos
ImageDetails
1988 Proof Half Ounce Krugerrand Gold Coin
Copyright: Bullion by Post
Notes: Proof.
Source
1988 Proof Half Ounce Krugerrand Gold Coin
Copyright: Bullion by Post
Notes: Proof.
Source
Gold Half Ounce 1988 Krugerrand: Catalogue Reference IDs
SourceReference ID
Friedberg, Gold Coins of the WorldSouth Africa Fr-14
Krause, Standard Catalog of World CoinsSouth Africa KM# 107