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2022 South Africa 1 oz silver Krugerrand obverse. The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a copper-gold alloy more durable than pure gold. By 1980, the Krugerrand accounted for 90% of the global gold coin market. [8]
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
Starting in 1967, however, they were gradually replaced by the Krugerrand coins, especially after the issue of the smaller Krugerrand denominations from 1/10 to 1/2 oz in 1980. The 1 rand coin was in silver and has the diameter of 32.7 mm and weighs 15 grams from 1967, but from 1970 to 1990, the 1 rand coins were smaller by 1.7 mm and it weighs ...
According to Monex, the Krugerrand has an estimated value of $2,031. The two coin donations will help The Salvation Army of Metro Detroit reach its fundraising goal of $7.9 million for the campaign.
In October 1980, Luis Vigdor, assistant vice-president for bullion and numismatic operations of Manfra, Tordella & Brookes, then one of the largest coin firms in the country, compared the medallions and the efforts to market them unfavorably to the South African Krugerrand. [16]
The first set features an 1893-1900 Lost Hoard Kruger half-pond together with a privy-mark labelled "The Lost Hoard" proof 2019 1/10 gold oz Krugerrand. The second set comprises an 1893-1900 Lost Hoard Kruger full pond and a privy-mark also labelled with "The Lost Hoard" on the 2019 quarter oz gold proof Krugerrand.