The first Krugerrand coin was minted on 3 July 1967 as means of marketing South African gold, produced by the South African Mint and the Rand Refinery. The Krugerrand was the first coin in South Africa to be produced for investment purposes. The aim was to create global awareness that South Africa was home to fine investment gold.
The strategy works well and the Krugerrand gained global recognition and became a popular choice among investors. Soon other countries around the world launched similar gold investment programs.
The 2021 1/10 gold Krugerrand coin is part of a legendary coin series that dates back 50 years. Since then the Krugerrand has remained one of the most preferred bullion coins among investors and collectors. The coins are attractive to investors because of their liquidity and aesthetic appeal.
Features of the 1/10 Oz Gold Coin – South African Krugerrand
- The coin contains exactly 1/10 Oz of .9167 pure gold.
- The front features the original Paul Kruger portrait as done by Otto Schultz.
- The back features a beautiful image of a leaping springbok as done by Coert Steynberg.
- The coins are available in brilliant uncirculated conditions.
- The South African Krugerrand gold coin is a product of the South African Mint.
Why Buy the 2021 Gold 1/10 Oz Krugerrand Gold Coin?
The famous gold Krugerrand coin is an attractive option to new and established investors who are interested in adding extra bullion coins to their portfolio. 2021 1/10 gold Krugerrand is preferred by investors because of exceptional liquidity, portability, and affordable prices.
The 2021 version of the coin includes the design and details found on the 1 Oz Krugerrand. Nevertheless, all Krugerrand gold coins contain a tenth of an ounce of gold with a fineness level of .916. The Rand Refinery and the South African Mint introduced gold Krugerrand coins in 1967 as a way of taking advantage of the large gold deposits in the country. The move was also aimed at creating an avenue for private gold ownership.
The first gold Krugerrand coins were minted in 1 Oz from the time they were introduced up to 1980. Later ½ Oz, 1/4 Oz, and 1/10 Oz gold coins were introduced. In 2017, they were followed by the new 1/20 and 1/50 oz gold coin.
All the 2021 1/10 Oz Krugerrand coins come in brilliant uncirculated condition. Individual coins ship in protective plastic flips. Large orders of 50 coins and above come in mint tubes. Paul Krugerrand depicted on the front of the coin was the first president of South Africa. The Krugerrand coin was introduced in the same year South Africa gained full independence from the British. The government stopped producing the South African pound modeled after the British pound.
The nation stopped using the British pound and introduced the Rand. The official bullion con series was named Krugerrand, which is a combination of the president’s last name and the word Rand.
The back of the coin features a springbok antelope. The springbok is the national symbol of South Africa and it appeared on the coin for the first time in the 1920s. The Krugerrand coin is produced through a partnership between the South African Mint and the Rand refinery.