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By 1980, the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. [4] [5]
A bi-metallic R5 coin with added security features, including a grooved edge and micro-lettering on the reverse, was introduced in 2004. [8] The gold Krugerrand coin is produced in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz denominations. The silver Krugerrand was first introduced in 2017 to commemorate 50 years of the Krugerrand.
A rare gold coin, a South African Krugerrand, donated at a Kroger in St. Clair Shores, helps to support The Salvation Army of Metro Detroit's 2023 Red Kettle Christmas Campaign.
The Lost Hoard coins have subsequently been sold as individual lots by the SA Mint in two sets. 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.
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.
Gold coins for sale at the Dubai Gold Souk. A gold coin is a coin that is made mostly or entirely of gold.Most gold coins minted since 1800 are 90–92% gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo.