1/4 oz Krugerrand Gold Coin | 2023

1/4 oz Krugerrand Gold Coin | 2023

SKU: 116255 Categories: , Tags: , ,

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1/4 oz gold Krugerrand 2023

The Krugerrand series is back and you can now purchase the ¼ oz gold 2023 version on our website.

What is it made of?

The gold Krugerrand coin is minted in 22-carat gold. Each coin contains exactly 1/4 ounce of gold.It is mixed with copper and this is why the coin presents a slightly more reddish tone than other gold coins.(9167 of pure gold and 833 parts copper- the same composition as the British Gold Sovereign coin).The alloy with copper ensures that the coins are not easily scratched or defaced, thereby protecting their value and tradability.

Who is it minted by?

The Krugerrand is the most widely held and actively traded bullion coin in the world with over 60 million ounces sold over the last 50 years and is minted by the Rand Refinery. The Rand Refinery is probably the most famous in the world given that since 1921, the date of its opening, it has refined over 50 000 tonnes of gold (nearly 30% of all the gold that has ever been mined!!) The Rand Refinery is owned by five large South African gold mining companies, Anglogold Ashanti, Gold Fields, Harmony, Sibanye Gold and DRDGOLD, all members of the Chamber of Mines of South Africa.

The Krugerrand is the only legal tender bullion coin with its face value denominated in ounces of pure gold, therefore it is guaranteed that the South African Reserve Bank will purchase any tendered Krugerrand at the ruling price of gold on the day.

What’s on the coin?

The Gold Krugerrand 2023 features the same obverse and reverse designs as the other coins in the collection and this makes it a stable, safe option for any buyer.

This ¼ oz size version features the traditional springbok antelope design on the reverse of the coin. This particular design was created in 1947 by Coert Steynberg, a renowned South African sculptor who worked in stone marble, copper and wood. (his work includes the famous statue of Bartholomew Dias in South Africa House in London).The animal divides the date 2023 and above we find the name of the coin Krugerrand. Below the animal, the composition and weight are written in Afrikaans and English: “FYNGOUD 1 OZ FINE GOLD”.

The obverse of the coin depicts Paul Kruger, the first president of South Africa. His portrait was designed long before the Krugerrand was first minted, and was originally used on Boer coins. Above his portrait, we can find the word “SUID-AFRIKA”, which is South Africa in Afrikaans- the only official language of the country apart from English at the time the coins were initially issued.

Why invest in the coin?

The Krugerrand is the only legal tender bullion coin with its face value denominated in ounces of pure gold, therefore it is guaranteed that the South African Reserve Bank will purchase any tendered Krugerrand at the ruling price of gold on the day. Krugerrands remain a popular investment for gold investors partly because of their value and small size (easy storage). Investors continue to buy gold because of the proven longevity of its value

Additional information

Product Number 116255
Country South Africa
Metal Gold
Purity 916.7 (millesimal fineness)
Fine Weight 7.775875 gram
Gross Weight 8.482 gram

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