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These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. They can be distinguished from the bullion Krugerrands by the number of serrations on the coin's edge. Proof coins have 220 edge serrations, while bullion coins have 160. [20]
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 ...
After the Union but before 1923, coins in circulation were mostly British, but the coins of Paul Kruger's South African Republic remained in circulation. In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1).
In terms of the gold amounts recorded, this is where accounts differ and the legend of the Kruger Millions begins. Jan Smuts suggests after weighing and recording this data, the gold sent to Middelburg consisted of gold bars, unprocessed gold and approximately 100,000 ponds to the value of 750,000 pond or around 170,000 ounces.
Standard Catalog of World Gold Coins: With Platinum and Palladium Issues: 1601–present, 6th Edition, publication date 2009, Krause Publications, ISBN 978-1-4402-0424-1 Digital copy available separately. Unusual World Coins, 6th Edition, publication date 2011, Krause Publications, ISBN 978-1-4402-1702-9 Digital copy available separately.
In 1898 Marks was allowed the extraordinary privilege of using the state mint for a day. Marks used the opportunity to strike 215 gold tickeys – three-penny pieces that were normally silver – as mementos for his relatives and friends, including President Kruger and members of the Volksraad.
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