The South African Krugerrand is the most extensively owned gold bullion coin in the world, representing 46 million ounces since its introduction in 1967. The function of the original issue was to encourage individual ownership of gold, and it must be said that this goal has actually plainly been met by the Krugerrand. The coins were planned to be utilized as currency in South Africa, and as such are made of a long lasting 22k (.9167) alloy of gold and copper. This alloy, known to historians as crown gold due to its use in English gold sovereigns, gives the coins their unique rich color and grants them a toughness that bullion coins of higher pureness often lack. At a time […]
