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African coin is a gold bullion coin minted in 1967 as Krugerrand coins. Krugerrands are named after Paul Kruger the ex president of the old South African Republic. As we all know that South Africa is the world’s largest producer of gold, the Krugerrand gold coins helped South Africa to market the gold extracted from the deep mines. The image of the Krugerrand bullion gold coin was designed by Coert Steynberg. The reverse bears a springbok, one of the South African national symbols. The obverse of the coin bears the face of Paul Kruger.
This African coin comes in tenth ounce, quarter ounce, half ounce and one ounce of gold. These bullion coins have the legal tender value. All these Krugerrands are minted from 91.67% pure gold (22 karats). The gold used for minting Krugerrand bullion coins is guaranteed by the South African government for its purity and weight. The content of gold and the name of South Africa are inscribed in English as well as Afrikaans, a language of South Africa. The diameters, thickness and edge reeds of these Krugerrands vary according to their gold content. The one tenth ounce gold coin weighs 3.39gm with 16.55mm diameter and 1.35mm thickness and has 115 edge reeds. The quarter ounce gold coin weighs 8.48gm with 1.88mm thickness and 22.06mm diameter and has 140 edge reeds. The half ounce coin weighs 16.96gms, diameter 27.07 mm with 2.21mm thickness and has 150 edge reeds. And the most popular 1 oz Krugerrand weighs 33.93g. It has 2.74mm in thickness and 32.6 mm diameter. It has 180 edge reeds. While purchasing bullion gold coins, you should check weather these coins or original or not
This African coin is a hassle free option as these gold coins can be bought or sold anywhere at the brokerage firms and dealers of coins and precious metals worldwide. Krugerrands found to be good investment option and handy to exchange quickly when need arises.
Investment firms suggest you to include these South African gold coins in your portfolios. You can even purchase these coins online. Some online sellers even provide free shipping for gold Krugerrand, the African coin.
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