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.
This coin is part of the Big Five coin series by the South African Mint, which celebrates Africa’s unique natural heritage by embodying the strength and beauty of the Big Five animals on legal tender coins.
The coins in the series are issued every 6 months, starting with the Elephant and the Lion in 2019. The Rhino is the third of the ferocious five to be featured in this series. Rhinoceroses are easily recognised by their prehistoric features such as armour-like bodies and the horns on their foreheads. Rhinos, unfortunately, face a dire threat from poaching and rank among the most endangered species on earth. Their horns are made up of the highly sought after keratin, which is used for its supposed medicinal purposes.
The “Big Five” term originated when big game hunters visited the shores of Africa to shoot for trophies, and locals warned them about the five most dangerous animals in Africa: the Elephant, Lion, Leopard, Rhino, and Buffalo.