Rand Refinery 1/10 ounce Gold Krugerrand 2023

The Krugerrand is a South African investment and current coin , issued by the mint Rand Refinery The first edition was released in 1967. This makes the Krugerrand the oldest investment coin.

Since the Krugerrand is a current coin, it must accepted as legal tender Even though we in Germany know the coin under the name "Krugerrand" and are used to this pronunciation, the coin is actually called "Krugerrand". After all, it was named after the late South African politician Paul Kruger. And also after the official currency of South Africa, the Rand.

If you are not yet familiar with the Krugerrand, we would like to give you some important information about the coin. The Krugerrand has a Fineness of 916.67. You are probably used to a higher fineness of gold coins, but the Krugerrand is made using not only gold, but also a little copper This contributes to the scratch resistance of the coin. In addition, the Krugerrand does not have a face value. This is based on the value of the material. In this case, gold.

The front of the Krugerrand shows a portrait of the aforementioned South African politician Paul Kruger. He also served as President of South Africa for several years. The reverse of the gold coin is with a South African Springbok embossed. To the side of the animal motif you will find the Year of issue the coin (2023). Under the motif is the Denomination of 1/10 ounce engraved. The diameter of the coin is 16 millimeters and the fine weight 3.11 grams.